No one likes to fail.
But there comes a time in every real estate investor’s career when he or she must accept defeat, recognize failure, and wave the white flag in certain endeavors – all without feeling shame or regret.
Of course, I’m not talking about succumbing to any sort of comprehensive defeat, thereby throwing-away your entire REI career… No, what I’m talking about here are the painful battles you will inevitably lose on your way to winning the war for obtaining personal financial freedom through real estate.
Why is this important? And how the heck do you accept defeat gracefully?
Well, those are great questions, and I’m gonna let Mogul’s own Justin Lee handle the answers in today’s lesson – because he knows from personal experience the importance of failing well.
Specifically, Justin’s recent experience with poor market selection provided…
Justin Lee
has been a full time real estate investor since 2003 when he flipped his first property. Since then he's gone on to do over $25 Million worth of real estate deals in his own personal portfolio. Although he invests primarily in the United States, he's closed the majority of his investing while living outside of the USA in his hometown of Vancouver, BC, or while traveling in Europe or Central America. Unlike strategies that don't work in today's market, Justin's been able to figure out what works in real estate, and has a keen understanding for what it takes to invest in more expensive markets like San Diego, CA and Washington, DC. In 2008 Justin hired his first interns to help him with his real estate and online marketing companies. Since then, he's helped thousands of entrepreneurs work less, make more, and provide mentorship to the next generation of entrepreneurs through the power of an internship. Justin currently lives in Vancouver, BC with his wife Dreama and children Stella & Sebastian and enjoys being a husband, father, snowboarder, sports fan and real estate investor. He also enjoys providing mentorship to future entreprenuers through his unique internship programs which allow him to get more done and work less than ever before.