Time In The Real Estate Market
Updated: Oct 17
We found this beer at a small place called Boon Burger in Burlington last weekend. I got a good chuckle out of it and had to try it. Let’s work together to end poor stereotypes! Each property you own is a small business. I hope that landlord absenteeism is getting eradicated as the industry becomes more professional. However, if you ever drive past a poorly maintained rental property, it may represent a good buying opportunity!
We were on our way back from a “Your Life Your Terms” event hosted by Rock Star Real Estate, and I gotta say, it’s great to be back, going to conferences in person again. The conference consisted of an economic update, interest rate trends, housing trends, how to protect your purchasing power, and a lot of networking with professionals who are doing really cool things in the real estate world. The event was held near Pearson Airport, but I ran into a couple of experienced investors from my hometown of Port Colborne, and they mentioned that they were looking to sell a property that they have in a market that I am interested in. It sounds like a pretty cool opportunity, but more due diligence is required.
Your power as a real estate investor is networking and surrounding yourself with people who are doing more than you. You become like the people you surround yourself with. That goes for anything that you set your mind to. If you want to get better at a specific sport, industry, or life skill, it pays dividends to seek out the people who are doing what you want to do and learn from them. Real estate can be a cutthroat industry; however, those that do their best to help other people always come out on top.
“If you help enough people get what they want, you will get what you want.” - Zig Ziglar
Forget the Headlines
There will be a lot of headlines coming up in the next while about how real estate is over, how dips in purchasing power and rising interest rates will kill the investment industry. There will more than likely be volatility in every investment over the next few years. Remember that the key to any investment is time in the market. Don’t try to time the market; spend time in the market and develop staying power. That is the key to success. In fact, there may be opportunities over the next few years that present themselves because when market conditions are less than favorable, fear keeps people out.
“Be fearful when others are greedy and be greedy when others are fearful.” - Warren Buffet
Have questions about your portfolio or want an outside opinion? Please select the button provided below, and I will schedule a free half-hour call with you to go over your situation! Talking to the right people can really save you money. I really believe that this is the time to expand your network and learn from those around you. I'll be in touch!
I'd love to hear your thoughts on this! Have a great week while working past those obstacles on your climb to success. Let's Grow Together!
Jonathan Beam
Real Estate Investor and Entrepreneur
Jonathan Beam is a real estate investor in the Niagara region who is passionate about helping you achieve financial freedom through real estate. He works with new and experienced investors to formulate a plan that fits your specific situation and provides market guidance and consultation on the best places and strategies to pursue within the Niagara Region. Book a free, half hour no obligation consultation to see how he can help you to achieve your goals. His travels are available at www.realestateandrepeat.com
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