A great amount of cash from Chinese buyers continues to pour into the United States real estate properties. Multi million dollars are paid for luxury homes and hotels on the West and the East Coasts with the major cities like New York, Los Angeles and San Francisco being the favorite places. Mainland China real estate buyers have been snapping up high-priced commercial buildings in the Manhattan area.
We need to know and expect that most people will quit. Half of them cannot even meet the challenges of life. Do you think they’ll meet the challenges of this business? The sad fact is that most people cannot focus and remain consistent. Only those with a one-eyed obsession for their goals and dreams will remain focused, consistent and will show the business every day.
Going back to my Equity investor – he was looking for a few percentage points more per year. While he did have a valid point that even 2-3% per year compounded adds up over time, he was overlooking the core fundamentals of good investing. He was already getting a nice, double digit return with us. He was getting good tax benefits for that investment. He was also able to invest with a company that he could talk to the owners, get updated financial information and have 100% transparency (something he would have never gotten with another investment). In short, he was winning big by investing with me.
Ethnic Minority. No, they do not empathize with you. Frankly they are just interested in the money that you could probably use elsewhere. All Investment opportunities are equally available for all ethnicities.
Get to know your local market. Depending on the part of the country you live in, this could be the county you live in or a series of adjacent counties. But the important thing is to not overwhelm yourself with too large of a geographic area, since you will be doing a lot of heavy traveling in this area, as I will be explaining shortly.. You need to know where all of the residential neighborhoods are in your area, what is the median home price of houses in each subdivision, what type and quality of houses they are. You don’t need to “memorize” this, but it is good to get familiarized with the area, because that is where you will be hunting down foreclosures, and if you are already familiar with the area, it will make researching deals that much more efficient.
As I’ve written before, getting private money is a marketing process – not a financing process. It’s not the same thing as filling out bank paperwork and waiting like a good soldier. An unfortunate, but true, fact is that most people that have the money to invest with you do not know about your opportunity. And, if you don’t tell them, who will?
This type of investing is something that a lot of people do not have the stomach for because it is a risk. No one can say for certain that investing in a biodiesel plant will reap long term gains. But think of it this way. What are people and companies willing to do to save money of fuel and ease our dependency of foreign oil? It would seem like this technology is going to be around for a long time and may very well be the future of alternative fuel sources.
With Florida real estate prices starting to show improvement, this is a great time for the Chinese real estate buyers to go down to Florida, take a look, and make their purchases.