Monday, March 12, 2007

The "What If" Game

When I first began buying rental properties, one phrase that I would continuously hear was “What if”. I’d like to share some examples with you.

What if the tenants do not pay their rent? What if the market goes down? What if you can’t find tenants? What if you have a lot of repairs and damage? And on, and on, and on…

The people asking those types of questions were not really asking, “what if”. They were simply asking me to validate their own way of thinking. In actuality, those individuals believed that buying rental properties was risky and was something to avoid doing. I could have turned it around on those very same people that worked their corporate jobs by asking questions such as the examples given below.

What if the economy goes down and you are laid off or “downsized”? What if the corporation has been fudging the books and goes bankrupt? What if your job is outsourced to India and China? What if you are injured and can no longer work? And on, and on, and on…

You can play the “What if” game all you want, so why not play to win!

What if I invest in rental properties that cash flow to cover some of my monthly income and that enables me to save more money? What if I put everything I have into real estate, make strategic moves and make a ton of money? What if I control what I do and when I do it by working for myself and love life?

You cannot control the external forces of your environment. No one is able to predict the exact path of the market. However, you can control how you adapt. If you remain faithful to the one constant in your life, yourself, you will never have to questions the “What if’s” that life throws your way!

When I first began buying rental properties, one phrase that I would continuously hear was “What if”. I’d like to share some examples with you.

What if the tenants do not pay their rent? What if the market goes down? What if you can’t find tenants? What if you have a lot of repairs and damage? And on, and on, and on…

The people asking those types of questions were not really asking, “what if”. They were simply asking me to validate their own way of thinking. In actuality, those individuals believed that buying rental properties was risky and was something to avoid doing. I could have turned it around on those very same people that worked their corporate jobs by asking questions such as the examples given below.

What if the economy goes down and you are laid off or “downsized”? What if the corporation has been fudging the books and goes bankrupt? What if your job is outsourced to India and China? What if you are injured and can no longer work? And on, and on, and on…

You can play the “What if” game all you want, so why not play to win!

What if I invest in rental properties that cash flow to cover some of my monthly income and that enables me to save more money? What if I put everything I have into real estate, make strategic moves and make a ton of money? What if I control what I do and when I do it by working for myself and love life?

You cannot control the external forces of your environment. No one is able to predict the exact path of the market. However, you can control how you adapt. If you remain faithful to the one constant in your life, yourself, you will never have to questions the “What if’s” that life throws your way!

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