As a real estate entrepreneur you need a certain mindset to win.
From sourcing deals to dealing with bankers to deploying capital...
There are certain attributes that make you BETTER at creating long term wealth.
A thread 👇👇👇
RE is all about generating what we call YIELD.
Yield is the return on our precious capital.
And it comes in two forms:
Cashflow - the cold hard cash it puts in your pocket.
&
Appreciation - the additional VALUE to a buyer or a banker above and beyond what you paid.
And before we start. A note on YIELD.
It's getting harder and harder to find.
Capital is plentiful and yield is scarce.
Folks are chasing deals with less and less of it and they are taking more risk to get the same amount of it.
The amount of yield you get from a real estate deal is all relative to the amount of risk you take.
A risky deal deserves more upside and thus more yield.
A safe deal deserves less upside and thus less yield.
The winners think about one thing only:
Risk-adjusted yield
Successful real estate folks have a long term mindset.
The folks who win in real estate don't buy-in to the "life is short" mantra.
They know that life is long. And they are fine to do work now and get paid later.
TIME is what makes these folks wealthy.
They get paid to WAIT.