Business and Investing

Let me preface my thoughts by saying that I am in no way an expert in investing in real estate. There, now that we have that out of the way we can move forward with the discussion. I recently had a discussion with a friend, a friend who is very successful in his corporate job, a friend who is very smart and business savvy. This friend, upon hearing about our most recent venture of starting a real estate investment company, asked if we had done research on the number of persons/companies who had set out to do the same thing and their success/failure rate. This simple question, and the conversation that followed, made me realize a few things.

1.Not everyone is up for taking risks.

2.Not everyone, no matter their corporate background or how intelligent they are, is cut out to own and/or run a business.

3.Some people seem to be looking for validation of why NOT to pursue their ideas or passions.

4.Some people are perpetual students and never make the leap from knowledge to application.

There is absolutely nothing wrong with any of the above realizations…..unless that is you are actually going to ACT. Let’s now look at the counters to the above realizations.

1.Life, at its very basic core, is about risk. It’s about managing risk, being employed by someone else is taking a risk. The risk is they could fire you tomorrow or sell the company to someone with a much different vision.

2.There has to be those who fill other roles as well, whether it's a hard money lender, private lender, or even a valued employee.

3.I think it’s prudent to do due diligence on any idea or venture however, if you focus on only the negatives then you’ll never start anything.

4.While having the knowledge needed and wanting to obtain more is great, one can also fall into the state of paralysis by analysis. You have to step outside your comfort zone at some point and do it.

I look at real estate investing like I would any of my other ventures and that is it's a business and it needs to be treated as such. To me, it's not a hobby or fad. Good job and continued success to all the doers out there and to the rest what are you waiting on or better yet what is holding you back. @David J. @Sam Craven @Bobby Gerry @Will Barnard @Brandon Modisette@Jon Klaus @Brad Kormash @Belinda Lopez @Chris Bounds @Kathy Fettke @Tom C. @Scott H. @Greg Meech @Joshua D.

Happy Investing,

JH