In Spring 2020, many real estate investors are faced with many uncertainties. We thought this would be a good time to share some thoughts on how to survive and thrive during this time. Not just any thoughts but some from the most influential investors of our time. 

David Osborn, Tribe of Millionaires

“I’m going to give you my one bit of advice for this downturn. Write yourself a 10-year vision and right at the top of the page is the year “2030”’. 

A.J. Osbourne, Keylock Storage 

“The way that you survive and thrive in economic downturns is by putting others first.”

Tarl Yarber, Fixated on Real Estate

“I want you to remember that you are the greatest asset in your business. No matter what happens, you can get through this. I believe in you.”

Jay & Wendy Papasan, The Papasan Real Estate Team

“Cut expenses immediately.”

Amanda Han, Author of Tax Strategies for the Savvy Real Estate Investor 

“Read a good book about investing or money-raising or tax savings – don’t let your new found free time go to waste.”

During these uncertain times, think about what you can control. When something’s happened to make you react, stop and think:

  • Make a plan
  • Measure that risk
  • Mitigatte the risk
  • Then execute your plan

No one knows the future. The best we can do is measure and mitigate risks of our current real estate investment deals. The most important thing to remember is you are in this business for the long haul. The situation we are all in now is just a bump in the road. 

Keep your gaze ahead and focus on what you can control. We will all look back on this and say one of two things, “I overcame this.” or “I crumbled and failed.” 

Which one is it going to be? It’s up to us!