Get Your Head in the Game

By January 30, 2017 Uncategorized No Comments
In sports, they say the game is won in the head first.  Well, when it comes to being a real estate investor, you need to “get your head in the game!” Last week, we talked about when to quit your day job.  There are two BIG reasons to keep a job while you are starting a business.  One, it provides start-up money that you will need to make it long-term.  Two, it takes time to make the MIND-SHIFT from “Employee” to “Entrepreneur”.  You may have the heart of an entrepreneur, but that doesn’t mean you have the brain….yet.
Here are some practical ways to start thinking like an entrepreneur:
  • Get around other entrepreneurs.  Preferably those who have been at it longer than you, and with success.  Study them and ask questions.
  • Get a calendar and live by it. Develop a solid system for planning.  Even schedule a planning time for each coming week.  Treat time like it’s your most precious commodity and use it wisely.
  • Develop a reading habit that focuses on business and personal development.  Each time you read, think about how you can apply the principle right away.
  • Feed your mind with positiveness.  Avoid anything that brings you down (people included).  Everything you watch, read or listen to should add value to you in some way.
These few changes in your habits can completely change the way you live.  Before you know it, you will start thinking like a successful entrepreneur.
For your reading pleasure
Home prices in Denver are overvalued by a whopping 22.9% and Colorado as whole by about 15%.  However, the chances that we will see a decline in home values in the next few years are only about 7% (the 10th lowest in the country).  We are more likely to see an increase, but not a huge spike like we saw last year.   Basically, Colorado is POPULAR and likely to stay that way.  As long as it’s “cool” to live here, people are willing to pay a premium.  Aren’t you glad you got into real estate? (Need help? Give us a call!)
In contrast, here are the top 15 cities with the LOWEST cost of living (and potentially good places to invest in out-of-state real estate):
  1. Detroit, MI
  2. Memphis, TN
  3. Pittsburgh, PA
  4. Cleveland, OH
  5. Indianapolis, IN
  6. St. Louis, MO
  7. Cincinnati, OH
  8. Birmingham, AL
  9. Kansas City, MO
  10. Louisville, KY
  11. Buffalo, NY
  12. Houston, TX
  13. Oklahoma City, OK
  14. Columbus, OH
  15. Atlanta, GA

You can stretch your dollars farther and potentially make more money in these cities, but always do your due diligence and seek out good business partners.

See you soon,
Evania Ku
303 338-8000

QUOTE OF THE WEEK:  “Successful people are simply those with successful habits.”

~Brian Tracy
In sports, they say the game is won in the head first.  Well, when it comes to being a real estate investor, you need to “get your head in the game!” Last week, we talked about when to quit your day job.  There are two BIG reasons to keep a job while you are starting a business.  One, it provides start-up money that you will need to make it long-term.  Two, it takes time to make the MIND-SHIFT from “Employee” to “Entrepreneur”.  You may have the heart of an entrepreneur, but that doesn’t mean you have the brain….yet.
Here are some practical ways to start thinking like an entrepreneur:
  • Get around other entrepreneurs.  Preferably those who have been at it longer than you, and with success.  Study them and ask questions.
  • Get a calendar and live by it. Develop a solid system for planning.  Even schedule a planning time for each coming week.  Treat time like it’s your most precious commodity and use it wisely.
  • Develop a reading habit that focuses on business and personal development.  Each time you read, think about how you can apply the principle right away.
  • Feed your mind with positiveness.  Avoid anything that brings you down (people included).  Everything you watch, read or listen to should add value to you in some way.
These few changes in your habits can completely change the way you live.  Before you know it, you will start thinking like a successful entrepreneur.
For your reading pleasure
Home prices in Denver are overvalued by a whopping 22.9% and Colorado as whole by about 15%.  However, the chances that we will see a decline in home values in the next few years are only about 7% (the 10th lowest in the country).  We are more likely to see an increase, but not a huge spike like we saw last year.   Basically, Colorado is POPULAR and likely to stay that way.  As long as it’s “cool” to live here, people are willing to pay a premium.  Aren’t you glad you got into real estate? (Need help? Give us a call!)
In contrast, here are the top 15 cities with the LOWEST cost of living (and potentially good places to invest in out-of-state real estate):
  1. Detroit, MI
  2. Memphis, TN
  3. Pittsburgh, PA
  4. Cleveland, OH
  5. Indianapolis, IN
  6. St. Louis, MO
  7. Cincinnati, OH
  8. Birmingham, AL
  9. Kansas City, MO
  10. Louisville, KY
  11. Buffalo, NY
  12. Houston, TX
  13. Oklahoma City, OK
  14. Columbus, OH
  15. Atlanta, GA

You can stretch your dollars farther and potentially make more money in these cities, but always do your due diligence and seek out good business partners.

See you soon,
Evania Ku
303 338-8000

QUOTE OF THE WEEK:  “Successful people are simply those with successful habits.”

~Brian Tracy

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