If you're looking for an investment, wait patiently and work to uncover a great deal — one that has nowhere to go but up.
They say you shouldn’t buy the nicest home in the neighbourhood. This is because it will always be sold at a discount. The values at the low end of the market will always tend to reach higher because of their potential.
Don’t be in a hurry. Wait patiently for a deal at the low end (that is in proximity to high end). When you buy low, everything you do to the asset adds value.
You can make mistake-after-mistake and everything will still be okay. Because there is a goal in mind (lease/flip deadline), you keep pushing the progress forward; putting in sweat equity you don’t even realize. You forget about the value you’re creating because you’re too busy complaining about problems, then solving them.
Read more about this...
Find the one commitment that makes doing the work the only option left.
Leverage amplifies whatever you feed it. Get the signal clean where mistakes don't cascade, then turn up the volume — and never trade away optionality without naming the price.
A decision freezes whatever you knew at the moment you made it. Hold the card until you can't, then commit hard.
When you do something, do it with 100% of yourself; your efforts will pay massive dividends over time.
It is foolish to promise things that our outside of your control; show honourable intent, but choose your words wisely.