The secrets we present are the result of experience over the course of 12 years
As real estate investors and as mentors for real estate investors.
Working with hundreds of investors and investors while learning constantly
We see a number of key principles that lead to success.
The most successful investors we worked with were those who followed these principles.
First Principle - Commitment to Success
When we are committed to success, we are ready to do what is right, we are committed to the process as well, and make sure to persevere and be in constant action. We set goals and objectives and direct our actions to the same place. We focus our energy and so bring our utmost attention to creating the result we want.
In the world of real estate investing a commitment to success is critical, as we can encounter many difficulties, fears, problems and uncertainties along the way, all of which can weaken us and undermine our adherence to purpose and lower our motivation. The commitment to success is an internal agreement I make with myself It can be in the form of a list of daily tasks that I make sure to do, it can be a sentence I say to myself that strengthens and focuses me and stimulates me again, and in different ways that each one can create for himself the main thing to maintain a high commitment until reaching the goal .
Second principle - environment encourages growth
When we begin to act differently than our surroundings are used to, we encounter resistance, especially from the people close to us (family, friends). This effect alone stops most people from succeeding. The people closest to us may be the ones who will also do us no harm, and that is because they often try to keep and protect us from risks and mistakes. Because we are the people closest to us, we tend to listen to them and sometimes want them too. The result of staying in an environment that weakens and limits us can be the opposite of what we want for ourselves.
So, we want to have an environment that understands us, speaks our language, goes the same way. People are committed to success to help us grow.
According to the law of the social average we are affected, behave and reach results according to the average of our environment so we should surround ourselves with people with high results as we want to be.
A belonging group that speaks the real estate language and thinks real estate as we do, being surrounded while people who think like us and are committed to success like us. A safe consultation group that is committed to helping us succeed, and inspires us to grow.
Third Principle - Learning from the successes of others
Since we were children, we have been told that we must learn from experience and not repeat the mistakes of others. Indeed, From experience we mostly learn what not to do.
The fastest and easiest way to achieve business success is to learn from your successes.
We want to be exposed to as many successful deals as possible, analyze what exactly worked there and why it worked, understand how it can work for me, and copy.
Fourth principle - personal development and growth
Personal development and growth includes freeing from limiting beliefs, dealing with fears, believing in myself and my abilities - this is for us the secret secret to success. In most cases personal development happens along with a process of learning, and this is one of the important foundations that enable the confidence required to invest in real estate. Acquiring good knowledge and tools can greatly increase confidence, along with constant doing and working on a consciousness of success and abundance, beliefs can be released Limiting and thus producing a new reality in which we invest and profit.
And in summary, we will tell you about one of our client's success stories -
Galit contacted us because she wanted to buy an investment apartment.
She was after a divorce and had a sum of about NIS 400,000
Left over from the sale of the condominium she had with her husband
(Minus all debts).
This amount was not enough to buy an apartment to live in the area where she lived with her children
And therefore after examining the economic possibilities it has
We have come to the conclusion that the best thing for her is to buy an investment apartment
Up to a maximum of 800,000.
She started looking for apartments on this budget
And found all sorts of options in not-so-good neighborhoods of the city.
She was afraid to do a deal in such a place
Because she didn't know what would happen to the property in the future
And will her money be safe there,
The houses are very dilapidated, what if she had to do full repairs in the apartment? The population there is weak What if it finds it difficult to find tenants?
Or will you get too low rent?
She didn't know all that, so it was hard for her to decide.
Until she went and did in-depth market analysis as we taught her.
In the in-depth market analysis, she discovered very important information
Which changed her whole picture.
She found that in one of the streets near where she was looking,
There is a supervised evacuation plan,
That the municipality promotes in the district committee
And that it is expected to be implemented within a few years…
Of course it changed the whole picture.
Evacuation of construction is one of the most interesting types of investment in Israel,
It has a very big chance of profit on the one hand,
On the other hand if you buy in the pre-stage where prices are still low
And there is no certainty about the project - so the risk is quite large.
There are construction evacuation projects that take them many, many years
Because of planning issues and objections in committees.
Therefore, it is very important to better understand the feasibility of the project
And what time it is expected to be realized
And also know what the right price is to buy an apartment there,
Because wherever rumors of construction evacuation begin
The apartment owners are straight up trying to bump the price
And to tell that this is actually Otuto happening,
When the market price has not yet changed
Because it will take time for it to come to fruition!
Only after the in-depth market analysis
Galit could rely on the information to make a decision to make the deal.
For her it was a life-changing decision!
Today after about 3 years of buying the apartment,
The plans are already very advanced
And it can be estimated that within a period of about NUMX years
The apartment she bought at 800,000 will be worth at least 1,800,000!
In the meantime, she gets a rental on the apartment that covers her monthly mortgage repayment.
Of course if she relied on rumors
And does not do in-depth market analysis and validates the information,
She might have bought an apartment in the same neighborhood
But in the nearby street where there will be no construction evacuation...
Today, the market value of her apartment has already risen to NIS X
And she uses this apartment as a financial lever
For the purchase of additional properties and has already executed 2 exit transactions in the US.
When Galit receives the new apartment she will already be in a completely different place.
She will have an apartment with almost no mortgage worth at least NIS 1,800,000
(Which is without talking about the rise of tomorrow)
Today, Galit feels secure and financially stable -
The apartment she bought is her insurance and that of her children,
She is no longer worried that one day her money will run out -
This step was the most important decision for her future
And she feels satisfied that she did it on her own.
This has increased its value to itself and the environment
Who no longer see her as weak and in need of support.
She knows that when she wants she can realize the investment and make a profit.
To summarize the investment:
She invested only 400,000 equity
Within 10 years, she earns NIS 48,000 from the apartment for rent
Minus the mortgage (2400-2000) * 120
And another 1,400,000 NIS profit from the sale of the apartment…
Meanwhile, through leverage, she is already making more deals and earning there as well.
All of this is only possible thanks to the fact that she overcame her fear, learned how to do market research and find a smart investment that suits her needs, and thanks to this she gained confidence and started investing.
We would love to hear about life-changing deals you have made
Dalia and Sharon - female real estate
Well done therefore !!!?
pleasure. Enlightens eyes and opens channels of thinking. magnificent!?
charming!! What a fun read!