Guided Visualization, Meditation, Law of Attraction, Goal Setting for Real Estate Investors

Over the course of a long and successful income property investing career, Jason has noticed a few things about people. One of those things is that few people want to dig in, do the work, block out the static, and crank out a fortune. Too many are distracted by the next flashy salesman who dangles visions of sudden wealth in front of your eyes with one hand while debiting your bank account for a few thousand bucks with the other.

Do you know anyone who has actually gotten rich quick after going all in on llama farming? Placing ads in newspapers for financial independence? Signing up for that proverbial ocean front property in Arizona? It’s simple. Get rich quick doesn’t work and can cost you a lot of money along the way. Just stop thinking like that right now. There will always be someone ready and willing to take advantage of you if you let them.

There are legitimate ways the average Joe or Josephine can create wealth through real estate. Not today or tomorrow or next month, but you can make serious inroads to the life you only dreamed of over the course of a few years. So, here’s the decision: keep blowing wads of cash on the latest “sure” thing and stay on the financial treadmill of desperation the rest of your life...or get with the program and do something real for a change.

Website:

www.JasonHartman.com

A good portion of your success can be tied to your willingness to visualize yourself finding it. If we don't believe we can succeed, we won't. If we believe that we're worthy and that we will find it, then we are much, much more likely to do so.

Website:

www.JasonHartman.com

Why are the real estate commandments important? Today's journey again examines why these axioms are worth following in your journey to financial freedom.

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www.JasonHartman.com

Jason Hartman has his 10 Commandments of Real Estate Investing. We've discussed them in prior visualizations. But why should you care about them? Today we focus on what we can achieve if we trust and follow those commandments.

Website:

www.JasonHartman.com

Website:

www.JasonHartman.com

Real estate is the most tax-favored asset in America. Most people tend to get bored with the subject of taxes, but this is a major mistake for property investors! Do not get bored with taxes. Taxes should be exciting to you (wait until you see how much money you can save by owning income properties!). Tax structures favored by real estate investors – such as the “1031 Exchange” – can accelerate your wealth-creation to an whole new level. Non-cash tax write-offs and deductions are real money going back into your pocket – and once again, real estate offers the best of both.

Website:

www.JasonHartman.com

Unlike commodities or market speculation, real estate is a “real” need among all people, which is why it is a wise investment choice. No one needs stocks, bonds or gold, but EVERYONE needs a place to live. With local populations and social affluence both growing all around the world, the consumption of raw materials will continue to cause upward price pressure on residential real estate.

But within the world of real estate itself, residential properties stand out for a reason. Following the internet boom and massive trends toward outsourcing labor and business services, commercial real estate is less and less stable. This shift in modern commerce leaves us with less demand for industrial properties, office space, and shopping centers. But the one thing we know for sure is that each and every human being wants a place to live, and a pillow upon which to rest their head at night. That is universal need and is exactly why housing is such a solid bet.

Website:

www.JasonHartman.com

Use as much borrowed money and as little of your own money as possible. Borrowed (mortgage) money can be repaid by the tenants who will move in to your income property! By letting other people’s money work for you, you can reduce your personal risk and become wealthier much faster. (There are also legal protection benefits, since real estate assets with standing debt are much less likely to be pursued if any legal claims arise against a property owner.)

Nuclear weapons have a shocking ability to destroy, yet are also credited for rapidly increasing the “value” of a nation’s sovereignty; this duality is similar with the nature of financial debt. The careless treatment of debt has destroyed a countless number of lives, but leveraging debt responsibly is the necessary and ultimate key to success when it comes to real estate purchases.

Website:

www.JasonHartman.com

Be Area Agnostic™ (Do Not Limit Yourself To Certain Areas)

Do not allow yourself to maintain pre-conceived notions about a certain market just because you happen to like “the weather” or whatever else an area might seem to have going for it. From an investor’s standpoint, it is absolutely illogical to fall in love with an area unless it makes good financial sense. Additionally, to avoid a conflict of interest, only invest with an adviser who is not partial to any one market or investment property. Consider a variety of opportunities. Take the emotion out of it and make a good business decision; that is what it means to be Area Agnostic™.

Website:

www.JasonHartman.com

Always Diversify (Balance Your Investments In Various Markets)

Reduce risk and maximize returns by investing in several areas as every market is different. You’ll hear it from most prudent financial advisors: “diversify, diversify, diversify!” chanted like some sort of prophetic mantra. A great piece of advice, to be sure! The problem is that most advisors are merely “diversifying” between a group of fairly lame assets like stocks, bonds, and mutual funds. These types of assets are not proven and rarely work for anyone – in contrast with real estate, which has steadily created wealth for millions of people.

Former U.S. Speaker of the House Tip O’Neil was famous for saying “all politics is local.” Well, all real estate is local too. Media companies love to paint real estate with a broad, national brush when reporting on news stories or the latest market trends. While this may attract an audience, it is completely inaccurate! Real estate is a local investment. Investment diversity does not mean taking a wild swing at a handful of stocks (or otherwise). It does mean locating and purchasing income-producing investment properties in various geographic areas around the country.

Website:

www.JasonHartman.com