Diversification! Common sense investment advice is “don’t put all your eggs in one basket.” Then why do we entrust Wall Street and Banks with all of our investments? We as Americans are conditioned to think that the only way to invest for retirement is to put all of our money in these securities which really have no hard intrinsic value. Real estate is great an alternative investment! Even some financial advisors recommend having real estate as part of your long term wealth management strategy. And NO your home is not an investment, it’s a liability. When’s the last time your house wrote you a check?
Do you have any lead in your life? If you are human, chances are that you do. What can you do with all of this heavy poisonous matter? Have you considered taking all of it and turning it into gold? This video contains some ideas on how I confront and process the negative things that I can and cannot control; turn them into elements that are invaluable; that will improve your life, business, and the world around you.
Residual income. Is finding a good real estate deal easy? No. Is it hard work to find a great property at a fair price? Hell yes! But when you finally get that property, you will get paid for that hard work over and over and over again in the form of cash flows forever and ever. Try asking the company you work for to pay you more than once for work you’ve done. They’ll probably ask for a drug test. Residual income is rare, but real estate is all around us in abundance. Open your eyes and use it to your advantage!
“Get out of your comfort zone.” You’ve heard this a lot when it comes to personal development. But what does it really mean? The feeling of discomfort is actually a sign that you are doing something that is helping you grow. You must put yourself into the crucible to forge your character and to develop the habits of success! 🔥🔥🔥⚒⚔️
I meant to share this the other day considering it’s importance to the anniversary of the passing of our father however the day got away from me and something happened which was trivial but it completely threw me in a personal tailspin. I went to bed in a hell of anger and furious rage; didn’t get a wink of sleep. I “woke” up yesterday to the realization that I need to give up more of the day to say responsibilities of my business and focus on the taking down the mountain. This video is an inspiration of our fathers advice to live life with intensity!
I just made the last payment on a commercial mortgage loan that I am paying off and refinancing. I was whacked with a prepayment penalty of $13,000 dollars which could have been all avoided if I only would have used a community bank. Here’s why.
Matthew Drouin is a full time real estate investor and REALTOR with 12 years of acquisition, disposition, development and management experience in Rochester, NY.