Aug 1, 2019
When it comes to real estate investing, we have to be able to shift along with the market. How can we tell that the market is shifting, and how can we make smart decisions informed by market trends? Why is our emotional state important in our success? How can husbands and wives run businesses and get into alignment?
On this episode, I’m joined by investing couple and co-hosts of Both on Board, Ray and Christy Gonzalez, who share on their investing journey, and how they run their businesses.
You really have to have your emotional and
inner game handled because the outer game is always a reflection of
the inner game. -Ray
Gonzalez
Three Things We Learned
The issue investors can face with rentals
Rental cash flow is consistently inconsistent. Something unexpected will always happen with a tenant, or the property. Rentals aren’t always the right option for everyone, especially if you want to opt for something more consistent.
How to predict the market
When there’s a market storm on the horizon there are always clues. These include inverted yield curves, the stock market and real estate market showing weakness, and seeing more of a buyer’s market than a seller’s market.
Why personal shifts affect us as much as market ones
Business is not just about what is going on in the market, people have cycles too, and we also shift. Our businesses and the decisions we make are also affected by what is going on with our lives and families.
The truth about the real estate market is that there are always going to be shifts, and when a correction is on the horizon, the wise prepare. We shouldn’t be too tied to one vehicle of making money because things can change. In order to thrive through the shifts we have to make sure we lock in our emotional state, figure out our unique abilities, and walk on our wealth path.