Summary

With inflation rising and inventories getting smaller, the competition is high across almost all types of markets. In this episode, let’s talk about why you need to set your limits and the importance of sticking to them in all kinds of deals. Find out more about our investing opportunities here www.vonfinch.com/invest 


We’re back with another installment of Mindset Minutes. In this episode, we focus on the importance of setting your limits and knowing how to stick to them—especially in a highly competitive market that we’re currently operating in. Why? Because by knowing high you are willing to go, you will be better able to make smart investment decisions, bid only when you can, and know when to say ‘no’.


If you don’t know where your limit is or simply do not know when to pass on a deal, this is an episode you shouldn’t miss. 




KEY TAKEAWAYS
 
1. High competition can be a good thing, especially in the multifamily market.
2. When working in a competitive environment, you need to know what your limit is.
3. Determine how high are you willing to go and stick to it.
4. You need to make sure that you return what you promised to your investors.
5. Setting a high bar does not mean you always have to pass up on deals; it often means that you are pursuing something truly valuable.



LINKS
 
Von Finch Capital Website: https://www.vonfinch.com/
Steven Pesavento Official Website: https://www.stevenpesavento.com/
Steven Pesavento on Twitter: https://twitter.com/stevenpesavento?lang=en

Learn more about investing with Steven at http://theinvestormindset.com/invest

Join the MultiFamilyMBA and get exclusive free training: http://theinvestormindset.com/mfmba

FEATURED EPISODES

Learn from the smartest minds in business & investing.

Rod Khleif

Director at The Lifetime CashFlow Academy, Best Selling Author & High Performance Coach

Kathy Fettke

Co-CEO of Real Wealth Network, Host of the Real Wealth Show & author of Retire Rich with Rentals

Chris Voss

World's #1 Negotiation Coach, Bestselling Author "Never Split The Difference"

Brandon Turner

Cohost of BiggerPockets Podcast, Author and Managing Member of Open Door Capital LLC

David Allen

Leading authority in organizational and personal productivity, Author of Getting Things Done

Joe Fairless

Host of Best Real Estate Investing Advice Ever show, Co-Founder of Ashcroft Capital

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Steven Pesavento

The Investor Mindset Podcast & President VonFinch Capital

Steven Pesavento has always been obsessed with understanding how we can think better, how we can be better and how we can do better. He is an active real estate investor who curates Commercial Real Estate Investments for clients.

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