By Ashley Garner
Intracoastal Realty Corporation
Oftentimes in life we are faced with situations in which we don’t know how to accomplish the mission.
The anxiety of the unknown is sometimes enough to cause us to not even consider the outcome a possibility.
Most of my most valuable lessons in life, like many people, have come via a failure, or at least from having been in a tight spot. My passion for real estate and helping other people with real estate matters is as a result of being able to help people figure out a solution to a problem (aka opportunity) they would not otherwise be able to figure out. In real estate, there are often more ways than one to reach the desired end result. It’s important for you to know that you don’t need to know how to do something in order to get it done … someone in the world knows how to get it done.
Let’s say, for example, you just had a new baby and would like to have enough money to pay for the child’s college education, in cash, in 18 years. Many people have been able to accomplish this feat by purchasing a rental property now and renting it for 18 years. At that point you have the option of selling the property, which by then will either be paid for or almost paid for, and using the proceeds to pay the tuition; or you could keep the property and borrow against the equity in the property to pay for the education. In another example, you would like to retire by the time you are 50 years old, but you are 40 and you realize at your current rate of savings, there is no way you will set enough aside by then to live off of and support your family. Many people have retired at an early age because they have built a portfolio of cash-producing rental properties that provide them enough passive income so they no longer are forced to rely on the paycheck from their job.
There are countless other examples I could give you. Actually quite often the mission you are trying to accomplish is simply to avoid a bad situation. The point is that you don’t need to know the steps to take to solve the problem; you just need to believe that the desired outcome is a possibility. Someone knows the steps to take. There is more than enough money available to you in the world to accomplish your goal. I am living proof of this. You can do it.