So you want to be a successful "investor"......well then stop making donations to the loss side of the ledger.
What do I mean? If you have a property and it is NOT performing then figure out right now how to stop the bleeding. You can NOT make money if you are losing it on a monthly basis with your "investment real estate" holdings.
Are these investments? Is this why you got into the business? Frustration and avoidance sets in or you find a good deal and use it to mask the other losing proposition. GET RID OF THE JUNK!
Remember big retailers like Best Buy, Target, Nordstrom, etc. they ALL have sales for a reason! They are BLOWING OUT inventory they NO LONGER WANT! You know the cliche, the sale must go on due to overwhelming demand!
FIGURE OUT HOW TO GET OUT FROM UNDER YOUR LOSERS NOW!
This is one of the simplest most straight forward pieces of advice I can give to all on this site and yet it is often the most over looked.
Please help yourself make smart decisions!
Be Great,
Joel
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