181 Decision...

06/29/20 • 7 min

7 Figure Real Estate with Edna Keep

Decisions are part of our daily life. It helps us carve our life inside out.

I listen to Bob Proctor's video on Decision everyday, which prompted me to discuss today's topic.

To watch Bob Proctors's video, Click here.>>>

I think for so many reasons, we don't really understand what a decision is and what it does for us.

So when we make decision let's say for example, I'm not going to eat after 6 pm everyday. That decision is set in your mind until you eat after 6 pm.

But what if you have made an Advanced Decision that you'd stick to your decision no matter what. My assistanct for an example, fasts once a week. Even if we have an office meeting and having lunch together, he doesn't eat if he's fasting on that day.

He's being fasting for many years and no matter what, he doesn't eat on that day even if we ask him. He doesn't have to decide whether he wants anything or not. Eating on that day is simply not a consideration and that's an advanced decision which is well tempered with discipline.

The exact same concept works for the person who wants to lose weight and is on a strict diet. It doesn't matter when that person being offered a chocolate cake, he/she will refuse to have it.

Most people would have heard this; "We become what we think about".

What do you think about?

How often have you caught yourself saying I'd like to do this, do that, but I can't because...?

Whatever follows BECAUSE is the circumstance. Circumstance may cause a detour in your life, but you must not permit them to stop you from making important decisions.

Whether its following your diet plans,daily exercise plan or sales calls.

Sticking to your decisions, will help you become successful.

So let me ask you, "Where can you make a decision that is going to really matter in your life?"

One of the things that I do everyday no matter what is to write down affirmations and say it out loud to myself. Those things are absolutely working for me.

So make a decision for yourself and if you need my help on how can you stay on course with your decision and fulfill your GOAL, reach out to me by email

[email protected]

Decisions are part of our daily life. It helps us carve our life inside out.

I listen to Bob Proctor's video on Decision everyday, which prompted me to discuss today's topic.

To watch Bob Proctors's video, Click here.>>>

I think for so many reasons, we don't really understand what a decision is and what it does for us.

So when we make decision let's say for example, I'm not going to eat after 6 pm everyday. That decision is set in your mind until you eat after 6 pm.

The exact same concept works for the person who wants to lose weight and is on a strict diet. It doesn't matter when that person being offered a chocolate cake, he/she will refuse to have it.

Most people would have heard this; "We become what we think about".

What do you think about?

How often have you caught yourself saying I'd like to do this, do that, but I can't because...?

Whatever follows BECAUSE is the circumstance. Circumstance may cause a detour in your life, but you must not permit them to stop you from making important decisions.

Whether its following your diet plans,daily exercise plan or sales calls.

Sticking to your decisions, will help you become successful.

So let me ask you, "Where can you make a decision that is going to really matter in your life?"

One of the things that I do everyday no matter what is to write down affirmations and say it out loud to myself. Those things are absolutely working for me.

So make a decision for yourself and if you need my help on how can you stay on course with your decision and fulfill your GOAL, reach out to me by email

[email protected]

Previous Episode

180 Ways to Fund the Deposit on Your First Multi-Family

For most Real Estate Investors, coming up with the initial deposit that goes with the offer on a rental property is one of the greatest barriers in buying. And trust me, I've come across many investors who thought they needed hefty cash on hand for the earnest deposit.

For a larger building priced about million dollar or more, people think that they need to come up with at least $100,000 or more for the deposit. Usually, for any multi-family building, the deposit is 1% of the asking price of the property. But you can always negotiate that with the seller/realtor.

I've had put an offer with $1,000 deposit and got accepted in the past for the single family homes. So you don't always have to come up with the asking price for the deposit.

Now let's get to alternative ways you can find deposit for your first Multi-Family.

One of the most effective ways to make an offer on an investment property is to take out a home equity line of credit against your house. It's relatively affordable, flexible.

The other ways my students have been able to fund the deposits are from their savings, TFSAs, RRSPs or personal line of credit.

Your parents, siblings, friends and other extended family members that you can think of are always viable sources for your investments.If you've borrowed money from your relatives or friends then you can give them share in the property and in this way you can make it a fair deal for everyone.

And also let them know that if for any reason, you are not able to close the deal, you'll receive your deposit money back.

At some time in your real estate investing career, you'll run out of money to put down deposit for the deal. As you know there are costs involved closing the deal once your offer gets accepted. Costs like, environmental cost, building inspection report, financing costs, etc.

That's why I encourage people to take acquisition fees to cover up for the time and costs involved closing the deal.

Some of my students also ask for help from my private 90 Days to $5K Mastermind Facebook group in order to secure the deals.

As you can see Real Estate Investors have plenty of options to fund the deposit, all it takes is your DECISION whether you really want that deal or not.

I always say, Don't let MONEY, stop you from getting the deal.

Next Episode

182 Virtual Investing Master

Lauren is the busy mom who started her Real Estate Investing journey about 8 years ago. Lauren started out as a Franchise Development for Subway after her graduation. But after having her children and a full time corporate job, she was not able to give enough time for her children and she thought of quitting her 9-5 job.

Lauren dreamed of creating a business that would give her personal and professional satisfaction, but with the flexibility to make sure she wouldn't miss the important moments of her family life.

She is from southern California and she started as a house flipper in Orange County in LA. As the returns dried up in California, she has diversified her investment portfolio to Nashville, TN and in Oklahoma.

Lauren has a "People First" approach in her business.

She has done all her deals virtually by finding local strategic partners. We all now can imagine how doing deals virtually has helped us sustain our investment portfolio during the pandemic.

Lauren has developed a reputation in the industry for persevering in extremely competitive markets by constantly following the market changes, changing market territories if needed, and buying properties based on comparable sales versus speculation.

To learn more about Lauren Hardy, listen to my podcast.

Edna