The average American hasn’t done all that well since the last recession. The housing market crash, and then the recession, did a number on people’s finances. Too many people lost everything they had put into their retirement accounts or had their homes foreclosed on by their bank. In regards to real estate, though, it wasn’t necessarily that the investment itself was bad but rather how people approached the market.
Jim Toner has been a real estate investor 25 years. He’s seen the markets go up, down, and sideways over those years. He too had things sour on him but he bounced back onto his feet. He says that for those who want it there is now a huge opportunity to accumulate wealth in the real estate industry. Over the next five years, he expects some real estate markets to explode in growth and opportunity.
According to Jim Toner, the key to doing well in real estate is your attitude. He says that what caused the housing market crash was the bad decisions too many people were making, not the real estate market itself. Right now is the best time to buy real estate in a market where the prices are low and opportunity is high. If you have the right attitude you see new chances and if you don’t you see obstacles. You have to look beyond the risks and see if there are rewards hidden behind them is his advice.
People need to also build a team around them of knowledgeable and experienced people. In addition to this, Jim Toner says that you need to work on yourself as well. This includes your body just as much as your brain. If you want to succeed you need to eat right and engages in physical, spiritual, and mental exercises the strengthen you as a person. He says that he tried a few times to succeed at something when he wasn’t in the best of health and he failed each time.
Another bit of advice that Jim Toner has for people who want to be a success, in real estate or any other endeavor, is to stop acting poor. You need to do what wealthy people do which is to be around successful people and read as much as you can. You also need to know how to manage your time as a wealthy person does. Time is the most valuable thing that people have and once it is gone it’s gone. He says that you need to get the most out of each day that you can and to not just simply make it through the day.
Discover more here: https://www.crunchbase.com/person/jim-toner