So this second week in January is when we get back up and running here in the DC area after the holidays.
This week was no exception.
The traffic picked up this week, which is a sure sign that things are ramping back up -and we had plenty of beltway gridlock this week.
The new year also means we had plenty of people with new years resolutions. Every time I looked at comments over the last few days I saw a few people who want to get “refocused” and get going again in real estate.
Which is exactly what you should be doing if you have gone off track and lost focus.
But FOCUS will only help when you do it right. You need to focus on the right areas.
In the world of real estate, 2019 is going to be very different from 2018.
Interest rates are different, builders sentiment is different, and most importantly our Congressional representatives who “write the rules” are different.
None of this should scare you though.
I’ve seen it all before.
Interest rates go up and come down. Right now, they are going up.
Builders get happy and sad based on their past months’ sales. Right now, they are starting to get upset because they aren’t selling as fast as they did in 2015 or 2016.
Times like this – it’s important to just step back, take a breath and take a look around.
When we step back and look at where we are today, I think one of the areas you need to focus on in 2019 is CASHFLOW.
Regular rental income can help your business or your personal financial situation tremendously.
Imagine a year from now….
When the holidays are over, January 2020 will be cold and gray as usual – but the difference could be that you are now receiving checks in your mailbox every month that will allow you to build wealth and freedom.
This quest for cashflow is a big reason we have a guest speaker joining us at our January WREIA meeting.
For those of you who have been around WREIA for any length of time – you know that we very seldom have people from outside our area come and share with our WREIA members.
I’m making an exception this month for one big reason – I think you need to hear the speakers perspective on the market from a national level and you need to learn from his experience working in different areas of the country.
Belief is one of the main pillars of WREIA. When you see other people having success in our business it creates an inner belief in yourself that you could accomplish the same things.
Take action and register for the upcoming January WREIA meeting. It very well might change your life.
Rental income from just one property can change your life. Rental income from multiple properties has an even bigger effect on your financial well being.
Our speaker this month went from zero rental properties to over 4,000 units using a method that you can duplicate.
There are over 320 Million people living in the United States. They all need somewhere to live and you can help provide that housing. More importantly, you can get paid to provide that housing. If you do it well, you will be paid well for doing it.
Set aside the evening of Monday, January 21st and plan to be with us at WREIA.
I have a feeling it’s going to be a good crowd of people but I know the speaker is someone you need to hear from. What he has to share with you could make a huge difference in your financial life over the next few years.
Where you FOCUS will have a huge impact on how frustrated you are in 2019. Too many people keep trying to learn our business from free YouTube videos done by people who may or may not have actual success.
Join us at WREIA this month and you can learn from a REAL PERSON having REAL SUCCESS in Real Estate.
Happy New Year and see you soon!
John Peterson
Founder, Washington Real Estate Investors Association
Remember – If you do nothing or continue to do the same tactics as last year, nothing will change. You need to add CASH FLOW to your mix to really make a difference in your financial life.
I have not seen some of you for a long time.
January is a great time to kick off the New Year with energy and networking. Come join us for this special speaker and reconnect with our community. We would love to have you and see what you have been doing this past year.