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Discover the Secret Principles of ‘Think and Grow Rich’ that Turned Ordinary Investors into Real Estate Moguls!

REAL ESTATE NEWS (Los Angeles, CA) — In today’s unpredictable economic climate, navigating the real estate market can seem daunting. However, by understanding and leveraging certain timeless principles, you can turn this challenge into a unique opportunity. One source of such principles comes from Napoleon Hill’s seminal work, “Think and Grow Rich.” While Hill’s book isn’t about real estate per se, its philosophy and advice about wealth creation are highly applicable to real estate investing. In this post, we’ll reveal some examples of ordinary individuals who have used these principles become successful real estate moguls.

Arnold Schwarzenegger: Before he was a famous actor and governor, Schwarzenegger made his first fortune in real estate. He used the money he earned from bodybuilding to invest in real estate in Los Angeles, turning a substantial profit. He has spoken about how his own intense desire and motivation led to success.

Desire: Fuel for Real Estate Success

The starting point of all achievements, according to Hill, is desire. In the context of real estate, this means having a well-defined, burning desire to succeed as an investor. This isn’t a simple wish but a clearly articulated goal that galvanizes action. It might be to own a specific number of rental properties, reach a certain net worth, or replace a day job income with real estate investments.

Faith and Auto-Suggestion: Shaping Your Real Estate Mindset

Hill emphasizes the power of faith – believing you can achieve your desire. This is where visualization plays a vital role. By vividly imagining the successful acquisition, development, or flipping of properties, you instill faith in your ability to achieve your real estate goals.

Combined with faith is the principle of auto-suggestion. By continually affirming your desires and goals – for example, repeating daily, “I am a successful real estate investor” – you can train your subconscious mind to pursue the objective relentlessly.

Grant Cardone: This guru started from modest beginnings and struggled with drug addiction before turning his life around. He’s now a motivational speaker, sales trainer, and real estate investor, with a real estate portfolio valued at nearly $2 billion.

Specialized Knowledge: Your Real Estate Toolbox

General knowledge, while useful, is not as fruitful as specialized knowledge. For real estate investors, this means learning the ins and outs of the industry: understanding market trends, knowing how to evaluate properties, and mastering the art of negotiation. This specialized knowledge will enable you to identify the best deals and, more importantly, steer clear of potentially bad ones.

Imagination: The Creative Spark in Real Estate

Imagination is key to creating plans and ideas to reach your goals. As a real estate investor, this might involve seeing the potential in a run-down property that others ignore or envisioning a new use for an old building. It could mean creatively structuring a deal in a way that benefits all parties involved.

Organized Planning and Decision: Setting and Following Your Real Estate Path

Investing in real estate requires clear and detailed planning. A well-organized plan outlines the steps you’ll take, the knowledge and skills you’ll need, and the people who can help you along your journey. Additionally, decision-making is a critical skill in real estate investing. Successful investors often make decisions quickly and change them slowly, if at all.

Dottie Herman: Once a secretary, Herman became the richest self-made woman in real estate by transforming Douglas Elliman into the fourth-largest real estate company in the U.S.

Decision: Make Prompt and Informed Choices

Making decisions in a timely manner can mean the difference between securing a profitable investment or missing out on a potential opportunity. This might involve deciding to make an offer on a property in a competitive market, choosing the right time to sell, or opting to invest in renovations for a higher rental return.

Making fast decisions doesn’t mean rushing or ignoring due diligence. On the contrary, the ability to decide quickly often comes from having a clear plan, doing thorough research, and drawing on specialized knowledge – some of the other principles highlighted by Napoleon Hill. With a strong foundation of knowledge and a clear plan, you can make decisions with confidence.

Furthermore, Hill emphasizes that successful individuals are slow to change their decisions. In a real estate context, this could mean sticking to your investment strategy even when the market fluctuates or resisting the urge to sell a property due to short-term changes. By staying the course with your decisions, you can weather temporary setbacks and stay focused on your long-term real estate goals. | LAZY, LOST OR UNMOTIVATED?

Persistence: Overcoming Obstacles in Real Estate

Real estate is not always a smooth path. There will be obstacles and challenges, be it a deal that falls through at the last minute, a renovation that goes over budget, or a tenant who fails to pay rent. Persistence, the ability to keep going despite setbacks, is key to long-term success in real estate.

Barbara Corcoran: Known for her role on the show Shark Tank, Barbara Corcoran started with a $1,000 loan to start a real estate business in New York. Her company, The Corcoran Group, later sold for $66 million. She has talked about her mastermind mentors: her parents, business partner Ramon Simone and Darren Hardey, and her helpful team.

Master Mind: Your Real Estate Success Team

The concept of a “Master Mind” group is integral to Hill’s philosophy. This is a group of like-minded individuals who can help each other grow professionally and personally. In real estate, your Master Mind group might consist of mentors, advisors, other investors, real estate brokers, attorneys, accountants, property managers, and contractors.

The Subconscious Mind, The Brain, and The Sixth Sense: Intuition in Real Estate

In Hill’s philosophy, these three principles represent the mental and spiritual aspects that guide fruitful decision-making. As a real estate investor, it’s crucial to listen to your intuition. This doesn’t replace analysis or diligence, but rather complements them. Cultivating a positive mindset and clear focus on your goals will help align your subconscious mind, brain, and sixth sense to work in harmony.

The Mystery of Sex Transmutation: Channeling Energy to Real Estate

Although it might seem out of place in a real estate discussion, this principle is about channeling passion and energy towards your goals. Sex transmutation is the process of transforming sexual energy into some other form of constructive energy. In the case of real estate investing, this might mean channeling your passion or energy into learning about real estate, searching for properties, or building relationships in the industry.

Robert Kiyosaki: Famous for his book “Rich Dad Poor Dad,” Kiyosaki began his real estate investing career relatively late in life. His investments in rental properties have made him $100 million.

Building Wealth with Real Estate Through Hill’s Principles

Incorporating Napoleon Hill’s principles from “Think and Grow Rich” into your real estate investment strategy can bring about considerable change. It requires cultivating a strong desire, undying faith, a willingness to acquire specialized knowledge, and the imagination to envision success. You need organized planning, swift decision-making, and the persistence to overcome obstacles.

Additionally, forming a Master Mind group will be pivotal to your growth, success, and wealth creation. Last but not least, aligning your subconscious mind, brain, and sixth sense, and harnessing your passion effectively can make a significant difference in your investment decisions.

Corey Chambers: Once barely surviving in a one room shack with his family as a child, he’s now a successful real estate broker, investor and philanthropist. Corey is preparing to launch the trillion dollar real estate technologies company of the future, called Entar.

No matter the economic climate, these timeless principles can guide you toward success in the ever-evolving world of real estate investment. “Think and Grow Rich” provides a mindset that, when coupled with the right actions, can turn the dream of real estate riches into a reality.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Los Angeles Co-living Spaces: A New Concept Revolutionizing Urban Living

Co-living, an emerging trend in housing, is becoming increasingly popular in urban cities worldwide. Combining the convenience of shared facilities with the independence of private rooms, this novel concept caters to millennials and digital nomads craving for flexibility, affordability, and community. Let’s delve into the idea of co-living, its benefits, and some prime examples of thriving co-living communities.

Co-living: A New Wave in Housing

In its simplest form, co-living is a modern take on shared living spaces, offering a mix of private and shared amenities to its residents. Unlike traditional roommate situations, co-living spaces are often managed by a company, providing fully furnished rooms, common spaces, and even additional perks like cleaning services, utilities, high-speed Wi-Fi, and social events.

This communal lifestyle is fueled by the millennial generation’s shift towards experiences over possessions, the rise of remote work, and the desire for a sense of community within the urban landscape.

Benefits of Co-Living

Affordability: In cities with skyrocketing rent prices, co-living offers a cost-effective solution. It combines housing with utilities and other services in a single, all-inclusive rent, making budgeting easier and living more affordable.

Flexibility: Co-living offers flexible lease terms, often allowing residents to stay for a few days, weeks, or months. This is particularly appealing to digital nomads, remote workers, and students who may have uncertain or changing schedules.

Community: Living with others fosters a sense of belonging, combats loneliness, and creates opportunities for networking. Many co-living spaces host social events and activities to encourage community building among residents.

Convenience: With fully furnished rooms, high-speed internet, cleaning services, and often other amenities like laundry facilities, gyms, or co-working spaces, co-living offers a move-in ready, hassle-free living experience.

Successful Co-Living Communities

PodShare: Founded by Elvina Beck in Los Angeles, PodShare is a membership-based live/work community. PodShare is transforming housing with its ‘access not ownership’ principle, offering ‘pods’ or custom-built sleeping spaces in various locations across Los Angeles and San Francisco.

WeLive: A branch of the co-working giant WeWork, WeLive provides fully furnished apartments with flexible leases in New York City and Washington D.C. Residents, or ‘members,’ have access to a digital app to connect with the community and take part in events.

Common: With locations in major U.S. cities, Common offers beautifully designed shared suites and private studios with a slew of amenities like weekly cleaning, free laundry, fully equipped kitchens, community events, and more.

PodShare: The Co-Living Revolution and Elvina Beck’s Impact

The traditional concept of housing is being challenged and reshaped by a growing trend known as co-living. An alternative to traditional living, co-living offers more flexibility, shared expenses, and opportunities to connect with others. One of the trailblazers in this revolutionary housing concept is PodShare, a membership-based live/work community, founded by an American entrepreneur, Elvina Beck.

Living the PodShare Way

PodShare’s housing network offers members an opportunity to live across the most expensive neighborhoods in Los Angeles at a single, flexible rate. This innovative concept has disrupted traditional housing, favoring access over ownership in a world where the freelance economy is on the rise.

PodShare operates on the principle of access, not ownership, offering “access points” across the city from Downtown Los Angeles to Venice Beach. Beck’s brainchild is a testament to a shifting mentality among millennials. A gym membership replaces the need for home exercise equipment, cable TV has given way to Netflix, and the rise of ride-sharing services like Uber and Lyft has overshadowed the need to own a car. PodShare, in essence, brings this “access, not ownership” philosophy into the housing sphere.

Tackling the Housing Problem

One of the pressing issues PodShare addresses is the unaffordability and inflexibility of housing in urban areas. Traditionally, when traveling, individuals pay for two places: one for storing their belongings and the other for physical accommodation. PodShare’s solution, a housing network that operates in the cloud, allows members to continuously transfer their accommodations instead of paying double.

In the context of PodShare, housing becomes location-independent, and the model creates tribes of small interconnected communities spread across different locations, including Hollywood, DTLA Arts District, Los Feliz, Westwood, Venice, and even as far as San Francisco.

The PodShare Living Space

At the heart of the PodShare model is the “pod”, a 50 sq ft custom-built sleeping space. These pods are part of a larger room shared with other members. It’s a co-living arrangement that is not just financially efficient but also fosters social interaction among members, an aspect Beck refers to as “maximum collisions”.

The system includes not just the essentials – furnished accommodation, utilities, toiletries, and daily cleaning – but also bonuses such as food in the fridge and included subscriptions to events, gyms, software, and entertainment. The no-deposit policy, along with flexible payment options, gives members a hassle-free living experience.

Elvina Beck and the Journey of PodShare

Elvina Beck, born in Moscow and educated at Pepperdine University, co-founded PodShare in 2012. Beck’s journey began with her moving from acting and modeling into videography, where she worked for high-profile clients such as Randi Zuckerberg, Avril Lavigne, and Maxim Magazine.

Recognizing the lack of available short-term housing for transitioners and freelancers, Beck created PodShare to meet this need. Since opening its first location in Hollywood, the company has grown to include locations across Los Angeles, including in some loft buildings, with its first location outside of LA opening in Tendernob, San Francisco in 2019.

Beyond PodShare, Beck has also served as the President of the Central Hollywood Neighborhood Council and has been an advocate for the unsheltered homeless of Los Angeles. In recognition of her efforts, Beck received the 2020 Stratiscope Impact Makers Award at Los Angeles City Hall.

PodShare’s disruptive model is revolutionizing the housing sector, providing an innovative solution to the challenges of urban living. This shift in paradigm, championed by individuals like Elvina Beck, reflects a broader societal trend towards shared resources and experiences. The concept of ownership, once a significant part of the ‘American Dream’, is giving way to a future where access and flexibility are more valuable than possession. In this new landscape, PodShare stands out as a visionary enterprise that is not just adapting to these changes but actively shaping them.

Elvina Beck’s journey from a Russian immigrant to an entrepreneurial figurehead of co-living innovation serves as a remarkable example of creative problem-solving and bold leadership. Her journey and vision align with the evolving societal and lifestyle preferences, particularly those of millennials and freelancers who are increasingly valuing flexibility, affordability, and community over traditional living arrangements.

PodShare’s success also shines a light on the potential benefits of co-living as a viable housing solution. It addresses several urban challenges such as lack of affordable housing, loneliness, and the desire for flexibility. By offering a system that fosters community and interaction, PodShare has tapped into a deep-seated human need for connection and shared experiences. It’s an innovative response to both economic and societal changes and represents a fascinating exploration of what the future of urban living might look like.

However, like all innovative solutions, PodShare’s model may not be for everyone. It tests the boundaries between public and private life and asks its members to adjust their expectations of what personal space means. But for those who value community, flexibility, and affordability over the conventional definitions of housing, PodShare offers an appealing alternative.

As we move forward, it will be intriguing to watch PodShare and other similar initiatives continue to evolve and redefine our understanding of community and shared living spaces. Beck’s work with PodShare not only stands as an impressive entrepreneurial achievement but also serves as a touchstone for future discussions on housing, urban living, and societal shifts in understanding access versus ownership.

As the world keeps evolving, and our perception of housing with it, one thing is for sure – Elvina Beck and PodShare are at the forefront of this fascinating urban living revolution. And they’re certainly a pair to watch.

Co-living is more than just a trend—it’s a reflection of evolving societal values emphasizing shared experiences, flexibility, and community. As urban populations continue to grow, co-living represents a sustainable, sociable, and affordable solution to traditional housing. It is a fascinating exploration of what the future of urban living might look like.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.