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Updated about 16 years ago,
WHY CAN'T I PULL THE TRIGGER
Take aim at the target, get ready point and shoot. Oh wait a minute I can't my trigger is stuck. What do I do?
Well many of us have been there and done that. I am here to say that sometimes being fearful is a disadavantage. Let me explain myself.
See we as human get complacent. Here's what I mean. We get up and go to work for someone expecting a check. We put the key in the ignition expecting the car to start, we leave our home expecting to come back and find it in one piece, you get my picture.
We have HIGH expectations for everything else, but ourselves. If you live in a home or condo why is it that you can pay the mortgage there, but you can not visualize someone paying you a mortgage payment or a payment in general.
Nike has a SLOGAN that says DO IT
I agree with them until you do it you will not know whether or not real estate investing is for you. But if you align yourself right such as with REIA groups and network and find the DOERS, notice I said the DOERS. There are many that talk the talk, but they got that out of a BOOK. Find out how many properties they own not how may they have wholesaled, because that is what everyone is doing or trying to do. Buy cheap in a stable neighborhood where people want to live and be renters. Most areas where you are going to make a lot of money buying property and being a landlord is going to be in a rentable neighborhood. Now I know I got those who say I do not want to be a landlord, but my questions is WHY. The comeback is usually I have heard horrible stories about tenants and I do not like them.
Well if you run your business like a business and not like a GET RICH QUICK, you will screen the tenants through a company that is reputible. You will fix the property up like it is suppose to be and not CUT CORNERS like many do. See my point with this is that if you do what everyone else is doing you will get the results that everyone else is getting.
Start with one and make it a good solid one. Don't overpay, well how do you not overpay. Here's how I do mine. Now keep in mind that I am a buy and holder and a WHOLESALER. The difference is this, when someone is trying to sell me something and telling all the good about it. Well I flip the COIN and say now tell me the negative. I actually prefer the negative first because theHere is another great quote that I like and hopefully you will to.
Everyone is trying to out shine everyone else. That is BUSINESS 101 to make your business or product look better than the next mans. Well the only way you can learn is by trial and error.
Here is a quote:
"Explanatory style is the manner in which you habitually explain to yourself
why events happen
explanation of experiences are more important than your experiences
your way of explain events to yourself determines how helpless you are or how
energized you become "
choose wisely
Dr. Martin Selgman from his book learned optimism