A few years back, I had to structurally underpin my house because the foundation was unstable.
The walls were literally cracking.
The brick walls!
Lying in bed at night I kept hearing a sound.
The only thing I could describe it as was like if someone took a brick and snapped it in half.
I was more right than I realized.
That was exactly what was happening.
And my house was sinking into the ground at an angle.
Washington DC was once a swamp after all.
(And many of the politicians lurking there still seem to be swamp monsters today. But I digress…)
To push metal stilts deep into the ground underneath the house’s foundation.
This way the house would effectively be sitting on those stable stilts rather than the unstable ground beneath it.
$28,000 later I had a stable house.
Yes, I literally sunk money into the ground.
And I have nothing to show for it, as unlike a new deck or an addition, you can’t see this underground “improvement”.
Now when I look at houses to flip, I know what to look for.
Cracks in the brick horizontally mean the house is shifting side to side.
Cracks that look like a stair step mean the house is sinking downwards or backwards.
All can be fixed. It just costs money.
And you do it because a stable foundation is important.
Which got me to thinking about how it is the same for your real estate investing business.
If you don’t have a good foundation, the structure you build will be unstable, dangerous, and collapse.
So you need a solid foundation.
That means the fundamentals.
Not the ninja tricks,
Not the latest and greatest so-called “new technique”,
You need to learn the FUNDAMENTALS.
The fundamentals of both real estate investing and how to actually run a stable and professional business.
Which is why I cover these items aggressively in my mentoring program.
Because you need a proper and stable foundation to build upon.
Underpin your real estate investing business with me here:
Traction Real Estate Mentors