Discover how to turn low expectations into hot prospects, learn about the best strategies that have him overflowing with cashflow, know how to make a really good deal.
Resources/Links
https://thereinvestors.ca/
Summary
Steve Arneson is a full...
Discover how to turn low expectations into hot prospects, learn about the best strategies that have him overflowing with cashflow, know how to make a really good deal.
Resources/Links
Summary
Steve Arneson is a full-time real estate investor and educator who helps people use the equity in their homes to set themselves up for earlier retirement and a more fulfilled life.
In this episode, Steve shares his strategies in turning doubts about a particular situation and market into his own advantage. Even when everyone says otherwise, time and again, he’s proven them wrong. Hear it from him how he did it.
Topics Covered:
Key Takeaways:
“One of the biggest mistakes that we always see is people just not accounting for all of the expenses. And so you know, trying to find cashflow in any hot market is difficult. But when you’re not accounting for all of the expenses, you know, that cashflow property can turn sideways real quick.” – Steve Arneson
“One of like, the mantras that we had in our business from day one has, we will pass on nine good deals to find one great deal because we know when that correction does come, that great deal is still a good deal. Whereas a good deal you might not be making any money in a downward turn.” – Steve Arneson
“The very first thing that my family told me when I started getting into real estate investing as a career was he can’t find cashflow in Victoria, and I don’t know if you’re the same way as me, but I think you are. When somebody tells me I can’t do something, I work day in and day out to make sure I prove them wrong. And I wrote down a couple of things as we were talking before this on how people can execute that and the number one thing that everybody can do is just track all the offers that they’re making and then follow up with those offers a month, three months, six months down the road. Some of the best deals that we have in our portfolio right now came from falling up six months down the road after our first offer.” – Steve Arneson
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