HyperFast Minute | May 20th, 2022
A Minute on Something I’m Learning:
I read Angela Duckworth’s book, Grit: The Power of Passion and Perseverance. The breadth of examples she used in showing how people from different walks of life (and different time periods) achieve peak performance was amazing. The examples were a good reminder of the value of doing hard stuff. When we do things that make us struggle, we get better.
A Minute on Something I’m Teaching:
Stocks are down. Crypto is crashing. Some people think real estate might be peaking. I think it is the best asset available for most investors. But insulate yourself. Make sure you can cash flow it even in a recession or if you are doing a value ad deal that you have at least a 30% margin.
A Minute on Something I’m Excited About:
We are just a few weeks away from closing out three projects in the DC area: A two lot home subdivision in DC (both presold), a three unit condo in DC (2 out of 3 sold) and a ten unit condo in Alexandria (70% sold). I’m excited to soon be writing some big checks back to our investors. If you want to learn more about investing click here and schedule a call with me today!
A Picture Worth Looking at for a Minute
Here’s a picture of me with my four year old daughter, Kierra, right before her final ballet recital for the season.
A Minute Answering One of Your Questions:
This is the part where I answer a question someone has texted me or asked on social media (I answer all Instagram Direct Messages).
“What’s better to invest in right now: cryptocurrency or real estate?”
I got this question from an Instagram DM (a lot of people have asked me on TikTok as well. I like crypto and the theories behind it. I think it’s great for a lot of reasons, but I don’t think it is a match for good real estate. I don’t know what currency will be used in the future, but I do know that people will always need a place to live. In an up or down market real estate is something everyone needs. Not saying crypto shouldn’t have a small part of your portfolio, but I would definitely go heavier on real estate.
Thanks for tuning in this week! If you know someone that would like to be a part of this please share this with them and click here to sign up.
Dan
