No. Harry explains that he built much of his portfolio during double-digit rate environments. He treats interest rates as just one cost factor in a business decision and advises investors to analyze individual deal fundamentals rather than letting headlines dictate their strategy.
Staying power means having contingency resources—such as equity, lines of credit, or potential partners—lined up before you need them. It provides the margin to weather storms and capitalize on opportunities without making emotional, desperate decisions.
Harry recommends following Sir John Templeton's advice to invest at the highest degree of pessimism. When financing is scarce and sentiment is negative, competition drops and sellers become more flexible, creating better conditions for patient, prepared investors.
He used private money to close quickly when conventional financing fell through, then replaced it with conventional or insurance-company financing within months once the properties stabilized. The higher short-term cost was offset by raising rents and increasing cash flow.
It is a daily top-down review of relationships, spiritual health, physical and mental health, and financial health. Harry argues that attitude and self-worth are the most critical filters for success, and unresolved personal conflicts will subconsciously sabotage business performance.
