#יםמההשבוי #עבורשני #פוסט2 #דניביתאור The challenge is not small especially in such crazy times to...

# Initiated week #second round # Post 2 #DanibotOnline

The challenge is no less in such crazy times to talk about investments, strategies, successes, and failures. And maybe this is the time to learn from previous crises. Different backgrounds, but crises.

At the time of the 2008 crisis, I already owned quite a bit of real estate I had personally invested and also had little experience with close to 1000 transactions.

It was my first real estate crisis and one could also say the first economic crisis. In the crisis of 2000 I was still young without economic exposure.

The crisis broke out about 4-5 years after my first investment and about three years after I started dealing in real estate professionally and fully (at that time I didn't even know it was called "investor guidance"). Fortunately, I quickly understood what we were going for. I have no explanation why but I just understood. And so I started making decisions under this insight. Later I am thankful that I acted under this insight. Don't get me wrong, I lost, and a lot! But I did damage reduction.

My biggest disappointment at that time was actually the poor human behavior of people who until then I considered them leaders in the field. A large portion of them simply disappeared, were not there to support and abandoned distressed investors. To this day (12 years after) I have no idea where some of them have gone, especially charlatans.

Another part went underground or buried its head in the sand and there was really no lead in times of crisis, popping up again with a rage.

I guess some of these people have experienced the crisis on their flesh (yes, yes I do too) and most likely affected them severely.

Already at the beginning of the crisis I made a decision with myself - I will be there and answer any call or email that comes from my client even if it means a difficult call, complaints, etc. - and there were many. When it comes to crises people look for culprits and run away from personal responsibility. We are all adults and no one has made a decision to invest in real estate under gun threats, so let us not forget that everyone's responsibility is also personal.

And yet I was there to support and respond. These kinds of conversations continued until 2010 and possibly even after. I suppose these are a few hundred such conversations. My wife was already upset that I was answering all the calls as if it was my personal responsibility especially when she saw the impact of the calls on me.

But my account was simple - someone is in crisis, I will try to help him and contribute to him from my knowledge and experience, I too in this boat, maybe I can also learn something from him, and at least I give him a chance to express anger and frustration.

Since then I have experienced more small and large personal real estate crises and this is part of the business. From every crisis I learned, I learned lessons and became a better investor and a better lender.

I would be happy if you would respond not only to real estate but also to similar crises, did you go through a crisis? How did you recognize that it was a crisis? How did you cope? What are you doing today, that is, right today in these moments?

Later this week I plan: Lessons from the 2008 crisis and how I see them coming to fruition these days.