Tortoise and the Hare

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I was reminded of this story yesterday when talking to a fellow investor.  We had both purchased 50 rentals but as he explained his journey I wished I had been more like him!

You see I bought 50 properties in 3.5 years and basically did a life time of learning and mistakes in a highly concentrated period.  Whilst I still achieved the result of an investment portfolio my cashflow isn’t anything near what I’d like yet and the stresses of so much “hare” activity takes a significant toll.

My friend on the other hand started buying a property a year in the 80′s and then had a spend up in the early 2000s when he built a portfolio at average yield of “10 to 12%”.

So today his portfolio has more than doubled in value and my guess is it is providing a 15 to 20% plus return.

And that’s the secret of the tortoise strategy.

Less obvious results initially but over time the tortoise get’s the money, gets the growth and gets the girl all without any hyperventilating, grey hair and sleepless nights.

I have for some time taught young people just to buy a property a year for the rest of their lives because I know how stressful it was to build a big portfolio so fast, but it was nice to meet someone who was at the other end of that process, a happy, wealthy retired tortoise.

Anyway gotta hop over to my next deal now

Stay Inspired and Stay Safe ~ Dean Letfus