When I look at eliminating the obstacles that are preventing Canadians from moving forward with a US real estate purchase, it’s easy to focus on big, concrete problems like financing, taxes, identifying emerging markets, etc. I touch on all of these with my students during my US real estate workshops when we’re going over the ins and outs of making a US real estate purchase as a Canadian.
Still, even equipped with information and resources, some people have a hard time diving into their first US real estate purchase. So what’s happening? What prevents some people from moving forward with a US real estate purchase and living the dream when the opportunities are right there in front of them?
I think that, as humans, some of the most restrictive walls are the ones we place around ourselves, and they can be the hardest to tear down. I wanted to take a step back from the nitty gritty details of making a US real estate purchase as a Canadian and take a look at overcoming some of the mental roadblocks we may have set for ourselves.
US Real Estate Purchase: Visualize Your Success
The first step to living your dream is having one in the first place. What do you want out of your US real estate purchase? What sort of life do you want to wake up to every morning?
Some of the world’s most successful individuals have attributed their victories to visualization (Jim Carrey wrote himself a $10 million dollar cheque when his acting career was just getting started). In a recent article, the Globe and Mail takes a look at the power of a “wealthy mindset.”
Imagine yourself after your first US real estate purchase. Imagine where you want that US real estate purchase to take you. Visualize exactly how much money you want to see yourself making to support your dream lifestyle.
US Real Estate Purchase: Stop Waiting
Do you have that picture in your head? It’s time to go after it. For Canadians making a US real estate purchase, one of the most important pieces is taking the Canadian-ness out of your mindset. Typically, we tend to be somewhat risk averse, and given the choice, we’d rather sleep on it.
The market for making a US real estate purchase is fast-paced and competitive. Time is not always a luxury you can afford. There’s not always time to sleep on it.
Nothing will change until you change it. Facebook (a little company you may have heard of before) offices are plastered with posters that keep their employees inspired, driven and ahead of the game. One of my favourites: What would you do if you were not afraid? Facebook wasn’t afraid, and it got them a $10 billion IPO. So when it comes to making a US real estate purchase, what would you do if you were not afraid?
US Real Estate Purchase: Eliminate Your Obstacles
Hitting a few snags is part of the US real estate purchase game. You’ll make offers that won’t be accepted. You’ll make a few missteps when assembling your power team. Don’t let it take away from your momentum. If you can’t fix it, move on. If it’s daunting, break it into smaller sub-tasks. Keep working to build that power team so you have people helping you in your US real estate purchase goals that you trust and can turn to when you need help. Use failures as an opportunity to explore, not to blame.
If one door is locked, find another way in.
If you’re a Canadian that’s ready move forward with a US Real Estate Purchase, check out my US real estate workshops.
Speaking of working to live your dream with a US real estate purchase, we’re still running a Facebook contest for a chance to win a MacBook Air. Just tell me what living the dream means to you to enter (awesome answers so far) and share with family and friends to get votes for your chance to win.