Having spent nearly two decades flipping houses, I've navigated thousands of transactions and weathered countless market fluctuations. With such extensive experience, I've frequently encountered the argument: "Why not switch to apartments or commercial properties?" Critics often assert, "Apartments are easier to manage and scale."
To those people, I have a counterargument: "Why don't you switch from apartments to businesses?" There's substantially more money in buying and selling businesses or in purchasing and cash flowing businesses. That's a fact.
Why Businesses Over Real Estate?
The wealthiest individuals globally amassed their fortunes through buying or building businesses with sustainable cash flow. Unlike real estate, businesses have no "top end." When I grasped this concept several years ago, I pivoted my focus towards building businesses. Since then, I've created several multi-million dollar enterprises, all while putting minimal effort and almost no time into my wholesale house-flipping business, which now operates autonomously.
So, why abandon a cash-flowing business just because others perceive it as a "beginner business"? Here's a news flash: there will always be a bigger, more sophisticated venture to pursue. The debate over what is "best" – houses, apartments, or businesses – is futile.
The Ultimate Asset: You
The crux of my message is this: Don't dive into any venture until you invest in building yourself. You are the asset, not the house, apartment, or business. The key to success lies in personal development and growth.
Focus on improving your skills, expanding your knowledge, and enhancing your resilience. The more you invest in yourself, the better equipped you'll be to handle and thrive in any venture, whether it's real estate, businesses, or any other investment.
Shifting Perspective
This perspective shift – from focusing on external assets to internal growth – is transformative. It liberates you from the constraints of chasing the next big thing and allows you to concentrate on becoming the best version of yourself. This, in turn, positions you to identify and seize opportunities more effectively.
Building Multi-Million Dollar Businesses
My journey into business building has been immensely rewarding. I've managed to establish several multi-million dollar businesses, each contributing to a diverse and robust portfolio. This success stems from leveraging the skills and insights gained from years in real estate and applying them to the business world.
The Takeaway
The takeaway here is straightforward: Before jumping into the next trendy investment, prioritize building yourself. Enhance your capabilities, broaden your knowledge base, and strengthen your resilience. You are the most valuable asset in any investment equation.
By focusing on personal growth, you set a solid foundation for success in any field. Remember, the journey isn't about finding the best external asset – it's about realizing that you are the asset. Invest in yourself, and the returns will be limitless.
In conclusion, while the debate between houses, apartments, and businesses will continue, the answer lies within you. Prioritize personal development, and you'll be well-prepared to succeed in any venture you choose to pursue.
