Wow, let me just say that 2012 was an incredible year. A lot of ups and a few down’s but ultimately the results were just epic. As we’re already halfway into January, some of you might be wondering why my review is so late. Truthfully, I find nothing more enlightening for my investment plans than reviewing my own most recent experiences.
So I’ve got my top lesson for all of you aspiring or current U.S. real estate investors…
Don’t repeat tactics that do not work!
If you’re doing an effective and honest review, you know that there are certain techniques you have been using that simply are not working. If you haven’t noticed anything like this in your review, you’re probably lying to yourself. From marketing to strategy, there are so many aspects to consider that it can be time-consuming to actually think about all of it. Where did you lost money is an easy place to start. Or, did you spend more than you needed to? Don’t forget that your overhead is important to consider.
Alright, so for me, I went from cash chunking to cash flowing and I’ve got to say, it’s a whole new world of returns. For those of you who may not know, cash chunking is the method of building a portfolio of assets to eventually sell off at prime times for a chunk of cash. Yes, you can have fun doing this.But having regular passive income is the real way to build wealth.
Cash flowing kicks cash chunking right out of the equation – especially in U.S. real estate right now.
So, I will be repeating one of my most successful 2012 U.S. real estate investment strategies – to buy U.S. property for cash flow.
More specifically, buy U.S. real estate foreclosures, rehab (I’ve got a system worked in that is just an amazing step-by-step process) and rent. 2013 will be fine-tuning the in’s and out’s of this golden money-making strategy, and making some key adjustments to really make the most of the investment. So my investments are looking fantastic and so are my plans for 2013.
Even my financing for last year is phenomenal – almost record breaking I think (they are looking into the numbers for me specifically because it is likely that I hit some kind of record for 2012). I’ll keep you all informed anyway…
2013 plans are already well into swing for me, although I am always ready to be adaptable. Learning from my own mistakes has proven to be one of the best strategies for success that I implement because as I learn my own habits, I become aware of how to use my strengths and weaknesses towards my goals. But, even though I did have a good year, I’m a nutcase when it comes to evaluating myself. I look for weakness – so for me, it’s about the overhead. Trimming the fat off of unnecessary expenses, spending cash in the places that actually generate returns and making sure that I am cash flowing.
I’m already filling my calendar with conferences and events to make sure I am listening and learning. Mainly just gearing up for an amazing year with a real focus on all the business aspects.