Why Real Estate Investors Give Up - Part 2 of 4

For Part 1 of 4, click here.

I found this neat graphic on the internet (author credited in link). I wanted to adopt it to why real estate investors give up. Since there are a lot of points on this graphic, I'll cover 4 of them at a time.

Fear the Future

"What if my tenants leave and I have a vacancy?" or "What if I can't sell this flip and it just sits there?" It's not good to fear the future. Just have an action plan to cover the "what ifs" in life and move forward!

Resist Change

Some investors may want to be an agent but that may mean quitting their job, or going part time. That involves change. There's a saying "The only people that like change are babies with dirty diapers." How true, most change is scary!

Give up their Power

There's another saying about someone who would rather be a big fish in a small pond than be a small fish in a big pond. Why? Because as a big fish they have the power. They know their environment and how things work. It's easy to quit a dream if it means that you might become the small fish.

Believe in their Weaknesses

No one is good at everything.  To be good at one thing (or a few things) generally means that you're not very good at something else.  Personally, I'm not a good cook.  I'm okay with that.  I find recipes on the internet that other people have already tested.  If I were to let my weakness of cooking hold me back, I'd never discover good new things to eat!  Likewise, if someone isn't very good at marketing, and you don't try wholesaling because you think you'll never get anywhere, you're believing more in your weakness than in your ability!