Being a real estate investor, you can probably relate to getting a ton of junk mail, especially around the holiday season. You may be missing some great opportunities for growth by discounting EVERYTHING as junk.
I am a value investor so I take a contrarian approach to business activity and... well... life.
What is considered junk or undervalued are where I find my opportunities. These opportunities can even be found in junk mail!
In this video I cover a couple things I pick out of junk mail that have turned into great opportunities for learning and relationship building!
What value opportunities have you found in unlikely places?
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As real estate entrepreneurs, we oftentimes think that we have it all figured out. When this happens, we are usually about to get dealt a tough but valuable lesson.
In this video, I document how a current project has not gone according to plan. When a project throws you a curve ball, you need to learn how to pivot quickly and revise your game plan.
Being able to quickly identify when your plan starts to get derailed is key. Many real estate professionals and entrepreneurs alike let problems persist for far too long. Doing the same actions and expecting different results. If you don't spot the problems quickly and adapt your plan, than the process can become far more painful than it has to be.
“The sculpture is already complete within the marble block, before I start my work. It is already there, I just have to chisel away the superfluous material.” - Michelangelo
This is also true of our human potential. The act of investing in our own personal development is in fact chiseling away the superfluous material and revealing what's within; what's always been there.
We are almost done with the demolition on your office space and I got to thinking about this. The wall that I thought was going to have this beautiful, perfect brick underneath.... well turned out, not so much. I was disappointed. However, I knew this was a risk before we even picked up a chisel and started work. In my disappointment, I had to reflect. Wouldn't I had been more disappointed had I not taken the risk and wondered forever "What would this wall had looked like if I didn't expose it?" I would have definitely been regretful for not taking this action.
And so that leads me to think. What makes us human is our power to believe. To have faith in ideas and possibilities that may not reveal themselves to our senses. This unique power to believe has empowered us to bend the world to our will, for better or for worse. Seeing is not believing. Seeing is only validation of our beliefs and in the moment of seeing, belief ceases. So we must continually believe and have faith in what may or may not be there; to endlessly chip away the superfluous material in order to grow and fight stagnation.
The election is over. Thank you for voting. The reach of your civic duty does not stop there. What about your energies and your influence? You can change your community for the better regardless of what happens in City Hall, Albany or Washington. A better world starts with YOU.
We are excited to say that we are officially on the Avenue (Monroe Avenue that is). Well maybe not yet! We have a lot of work to do to make this happen!
First things first... Demolition! I thought that the cement covering the brick would come off like Plaster off of Lath. Not the case! Without the right tools, it would have taken me longer than Andy Dufresne escaping Shawshank!
Matthew Drouin is a full time real estate investor and REALTOR with 12 years of acquisition, disposition, development and management experience in Rochester, NY.