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How I Use Setbacks as Springboards
The 1 common thread of successful syndicators
Last week, I led a Zoom with a syndication mastermind group.
When I logged on, someone from the group was already there. So I asked, "What's the biggest challenge you're facing?"
He lamented the market shifts that are killing multifamily deals.
But what stood out wasn’t the challenge - we're all swimming in the same economic pond.
His resilience struck me. "It's been tough," he admitted, "but our operations are stronger because of it."
There's a common thread that unites all successful real estate syndicators - psychological resilience.
But what exactly is resilience?
And how does it help in building a strong real estate portfolio?
Why Resilience Matters for Syndicators
Psychological resilience is more than a buzzword.
It’s a vital skill for real estate syndicators.
And it's more complicated than just bouncing back from setbacks:
Flexible thinking
Maintaining a positive outlook
Adapting when deals don’t go as planned
Managing millions in assets while navigating unpredictable markets requires a robust mental strategy.
Resilient syndicators are better equipped to:
Make smarter investment decisions
Build stronger investor relationships
Sustain long-term growth
Working longer hours and taking on more deals neglects your well-being.
Short-term gains lead to rushed decisions and burnout.
Another mistake is keeping challenges to yourself. Thinking you need to handle everything alone only increases stress.
This reduces your ability to manage your portfolio.
How to Cultivate Resilience as a Syndicator
Building resilience isn’t an overnight process. Like any other skill, there are practical steps you can take:
Use the 4P's today to start building your resilience.
1) Past
Think of your life 5 years ago. What was your life like? What were your goals? Once you've travelled back in time, your mindset will shift. I'm guessing your past self would be pretty amazed at the "problems" you're facing today.
2) People
We all love comfort food, and sometimes we crave comfort people. Reach out to those who feel like home cooking to you. Unconditional love eats business challenges for breakfast.
3) Positivity
Treat your body well. Allow it to glow. Nail that sleep routine. Lay off the sugar. Limit your alcohol. Have some fun.
4) Purpose
Spend 5 quiet minutes with yourself. Ask 3 questions:
Why am I going through this?
What am I supposed to learn?
How will this experience make me stronger?
Interwoven in your answers is your purpose.
And it's forged through tough times.
Final Thoughts
Resilience isn’t just about surviving rough market conditions.
You can thrive in them. You’re protecting your current portfolio AND setting the stage for long-term growth. Remember, setbacks aren’t failures.
They're setting the stage for your next great opportunity.
What’s a challenge you’re currently facing in your portfolio?
And how can you build your resilience to overcome it?
I’d love to hear your thoughts and experiences.
To resilient portfolios and sustained growth,
Chris
P.S. If this newsletter helped boost your confidence, share it with a fellow syndicator.
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