# Entrepreneur of the Week and Dim Bright # Post 4
Get to know these annoying kids who realize they're going to lose a game
So all of a sudden they start changing the laws in their favor?
I sat and played with my son, and then he does this trick to me for the thousandth time.
And I, like a responsible adult, explain to him that in a game there are rules, and there are limits.
If we open them, it will not be fair to the other players, and in any case you change it just to win!
Then it hit me - although it was just a game,
But in real life - who sets the boundaries for us? What are the rules of the game?
True, there are different laws in different countries, but other than that there is so much beyond.
Who determines what is considered a "victory" in this game?
Has this game ever been "fair" to anyone?
If everyone's playing flips now, do I have to too?
I can play any game I want.
In life and investments, I am the one who decides whether to enter the game and under what conditions.
I choose the market, the nature of the investment and my requirements from the deal.
And it's okay if it looks unfair to the other side and he does not want to play with me.
Must not play with everyone.
But the ones I play with - play by my rules. voluntary.
In my last flip, the contractor got too greedy, the raw material prices started to skyrocket to astronomical dimensions and full of permits that were stuck because the municipality had switched to partial function.
Property condition? Full gut.
What to do?
How do you bring this flip to an end the fastest and lose the least?
Challenges you to stop for a moment, think and write down what you would do in the comments and only then continue reading
So many thanks to the contractor for his sincere efforts. (🤬)
Do not play this game anymore. I put the property up for sale as is.
Is this the rational decision? Is this the ultimate move?
My potential buyer audience is changing all at once
For entrepreneurs and investors who smell blood and will probably come out with a loss.
But, my game - my rules.
I set the price, irrational as it may be.
And here after a few months Morty nerves, the long-awaited buyer arrived.
The closing day arrives, sending the agent to the property to make sure everything is fine, that there will be no complaints later.
Gets back a picture of a well-made property on the fire.
With chips on the side (pile of planks) of what used to be my garage.
Apparently some homeless people broke into the house and created a short circuit by an illegal electrical connection.
Gone is the deal, insurance comes.
Insurance is a story for another day (it's always a story) but I came out of it with a nice profit.
Only I'm still stuck with the property, now it's also burned out and the municipality is sitting on my tail to sell this safety hazard quickly.
True, I could have destroyed it and rebuilt it, in total I have already recouped my investment.
But I said I'm not playing this game anymore, remember?
I will not do this flip anymore.
Turns out I'm not the only one who knows this trick of setting your own rules of the game.
Suddenly everyone who offers to buy the house from me only offers it according to the value of the land, and even then it is presented as a great favor.
The highest bid was $ 10K.
As exhausted as I was from the story at this point, I still wanted more.
Principle .. ego .. does not give up the rules I set for myself.
I want at least $ 50K on the property.
What to do?
Find a partner who is willing to play by the same rules with you.
After a search saga, I found a wholesaler who believed he could sell the property for $ 80K.
Indeed, there are more lunatics than me.
I told him I was taking $ 50K, and that he would be successful with the rest, whatever the price.
I have no idea what he did,
At one point I saw the property for sale even at $ 125K…
But in the end I got mine.
No flip by the book, the rules of the game changed several times during the deal,
Still - my most successful "flip" came out with 90% profit on the money.
Beyond the philosophy of things, how do you apply it correctly?
It is important to understand the rules of the game that you enter into, setting the rules does not mean breaking the law.
Alongside what was said in the previous section, understand the existing loopholes and boundaries.
Think creatively and understand that for the most part the boundaries and limitations, are mostly conventions and you are not subject to them. (And I'm not even talking about those that are only in your head)
Understand what the ideal result will be for you (the picture of victory) and "change" the rules to get there.
Never give up. If difficult, return to section 1 and continue from there.
A motivational quote to end reading beneficiaries? Come on:
We do not stop playing because we become too old, we become too old because we stop playing - folk.