Are you prepared for unexpected opportunities?

[Adam Johnson]

What are you doing to ensure that you are financially capable of taking advantage of an opportunity that shows up out of the blue? It's a great idea to do prepare for these opportunities by making sure you have quick access to capital when you need it; and it's always better to start sooner rather than later. This applies not only to being able to get cash when you need it through HELOC's, hard money lending, investor funding or other methods; but also to making sure you are prepared with the right contacts when opportunities present themselves. Know ahead of time where you want to invest and do what you can to know which real estate agents, attorneys, contractors and property management companies are in those areas so you're not left scrambling for contacts when an opportunity presents itself. As Thomas Jefferson said "I am a great believer in luck, and I find the harder I work, the more I have of it." So plan ahead, and be prepared to take advantage of your luck when a great opportunity falls into your lap!

What are some of the things that you are doing to make sure you're prepared for your next big opportunity?

[Jim Chuong]

Originally posted by @Adam Johnson:

What are you doing to ensure that you are financially capable of taking advantage of an opportunity that shows up out of the blue? It's a great idea to do prepare for these opportunities by making sure you have quick access to capital when you need it; and it's always better to start sooner rather than later. This applies not only to being able to get cash when you need it through HELOC's, hard money lending, investor funding or other methods; but also to making sure you are prepared with the right contacts when opportunities present themselves. Know ahead of time where you want to invest and do what you can to know which real estate agents, attorneys, contractors and property management companies are in those areas so you're not left scrambling for contacts when an opportunity presents itself. As Thomas Jefferson said "I am a great believer in luck, and I find the harder I work, the more I have of it." So plan ahead, and be prepared to take advantage of your luck when a great opportunity falls into your lap!

What are some of the things that you are doing to make sure you're prepared for your next big opportunity?

I’ve been investing since the 90s and I’ve always done the same thing to prepare for inevitable opportunities, I just stack cash

Cash piles up during good times and is spent down during downturns. Rinse and repeat

Today the US economy, stock market and RE market is healthy. Nothing spectacular happening for me. Money just rolls in. I collect it. During this time I touch base with other entrepreneurs and investors, attend meetups and keep my ear to the ground