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Updated almost 7 years ago,

User Stats

22
Posts
10
Votes
Brian D.
  • Valencia, CA
10
Votes |
22
Posts

Research on "Working Smarter, Not Harder"

Brian D.
  • Valencia, CA
Posted

Stumbled across this click-bait article that I actually enjoyed, and thought I'd share, since it can apply to we n00bs who have trouble converting our interest in real estate into action:
theladders.com

How it applies to real estate:

1. Do less - then obsess

Don't try to read about macro-economics, deal-making, DIY electrical, property management and landlord/tenant laws all at the same time.  Choose the one that will make the biggest impact on your right-now situation and put the rest aside.

2. Use "The Learning Loop"

Learn and Practice one new skill, e.g. deal analysis.

Have someone else review your analysis and see if they come to the same conclusion, or have recommendations to adjust your calculus.

Take time to review your analysis process.  Is there a component of it you can do better - e.g. rehab cost estimation ?

3. Feel Passion & Purpose

This has been discussed in numerous BP podcasts and articles and I agree that this really is the single most important differentiating factor.

People use different terms like grit, dedication, perseverance, overcoming obstacles, etc.  But they all are behaviors driven by your passion...your purpose...your Why.

Connect with that, and the results will be inevitable.

tl;dr

1. There's a lot to learn.  Focus on one thing at a time.  

2. Small improvements build over time and contribute to greater success in the end

3. Find your Why

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