You Fail When You Give Up

[Jason Malabute]

I firmly believe in the saying that “You fail when you give up”.

Real estate investing is entrepreneurship, and entrepreneurship is full of ups and downs. There are times when you feel above everything – like a Superman, and then there are times when you are unable to get anything done properly.

You need to recognize these highs and lows as nothing more than alternating emotions. At these times, you should remember your “Why”.

Why are you doing this? Why are you putting in all the work and sacrifice? Why did you start in the first place?

My “Why” is to be able to take care of my family the best way possible, and to be an inspiration to the youth. I want to show the kids that they can be successful without ever having to learn dribbling a basketball or rapping.

Certainly, there will be times when you don’t feel like working. But that’s when you need to push yourself and an excellent way of doing that is recalling what marathon runners call “Reaching into Your Cookie Jar”.

‘Reaching into your cookie jar’ means going into your past to get the push you need. These memories could be good or bad. Whatever you need to get the push! For me, it is recalling the times they doubted my abilities. All the times they said that I cannot achieve anything and I would be nothing.

Honestly, I even had to reach into my cookie jar to write this blog! I wasn’t feeling like writing and was going to procrastinate until tomorrow but then I remember that someone is always watching and I have to be a good role model.

Now, narrowing down on the lows that might occur in real estate, it could take a long time before you get your first multifamily deal. It doesn’t matter how long it takes as long as you finally get it!

Food for Thought: It took Grant Cardone 3 years to get his first apartment deal. Today, he owns around 10k apartments and is worth half a billion dollars! What would have happened if Cardone had given up after only 1 year?