#30 Christina Suter- Mindset: How to Lose Money in Real Estate is TIME
“Time. Your biggest deal breaker is going to be the lack of control over time because it’s not just your time.” -Christina Suter
Today I am talking again about losing money in real estate. In my last mindset segment I shared seven ways to lose money, but one component, a very important component I left out is TIME. For me I have discovered that I fall short in how I treat my partnerships and time. Because I believe in partnerships I participate in joint ventures that require I work with a team, however as we all know working with teams does not always allow you control over time. Many of my projects in the past didn’t work out because I fell short at pushing my partner to fulfill the timelines we’ve agreed to. Because I pay my partners along the way they adapt a 9-5 mindset instead of an entrepreneur project based mindset, which to me costs both time and money. As an investor on the financial side of the deal, it is not only your job to be loyal and kind, it’s also your job to kick things into full gear so that time doesn’t become a setback and begin to cost you your profit.
Topics Covered in this episode:
- Why time is the biggest culprit in losing money in real estate
- Managing time and partnerships
- Project failure
- Why partnerships don’t always work
- Mindset and project development
- Employee vs entrepreneur
- Unintentional habits
- BIRD Method
- The role of the investor
Listen now and find out why Christina thinks education is the key to financial leadership.
The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.
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