All Forum Posts by: Fradel Schaechter

@Henri Meli In middle of reading Hal's book, Miracle Morning. I already do a modified version and love starting out my day with success. Great way to keep my goals at the front of my mind so my actions during the day can be aligned with my goals.

@Tyler C. I can totally relate to getting discouraged at times. One way my husband helps me out when I complain of being 'burned out' (even as I haven't done my first deal yet...) is to just validate that anyone working on a project that is worthwhile will sometimes feel like giving up. This is just an emotional response that does not reflect reality. I notice that I can feel down/discouraged for a day or two, and if I just ride it like a wave, I suddenly get new inspiration or an idea to try. 

I know deep down that I could not live with myself if I just gave this up at this point, so I am committed to going at this until I have achieved my definition of success. 

Hope understanding that discouragement is sometimes just a side-effect of working hard on a worthwhile project can help you get past it.

Good luck to all of us on this real estate journey!

@Addam Driver Lucky you to be living in an area where duplexes can be found for 67k. Where I live it is more like 670k :)

Just means I need to look harder and figure out where it is affordable, but the 67k number for a duplex made me smile- genuinely happy for you :)

Wow, I really enjoyed this thread. It's easy to get discouraged as a newbie in real estate (overnight success doesn't exist and having patience and doing the actions steps needed on a consistent basis is key...)

Hearing other passionate real estate investors is really refreshing and inspiring.

Good luck to all of us!

@Ken Breeze- thanks for this suggestion! I actually had tried to create a meeting with meetup.com but was unsuccessful. Perhaps FB is the answer. 

That meetup I tried to arrange (in the end only one person showed up...) was in starbucks because I was afraid to have people I don't know coming to my house. Is this an irrational fear?

I'm really glad I came to check out the local NJ forums or I would've missed this response. Thanks!

@Amy Kendall I'd love to come back here when I achieved my goal and post it (perhaps mid-may...) :)

@Wes Woodhouse Yup they also say 'The best way to do it, is to to do it!' I'll be keeping this in mind moving forward!

@Brent Coombs Good point! :) You've got a huge number of posts yourself, how many would you say you post every day?

I also broke it down for myself that if I do 10 a day five days a week it would take me about 9 weeks. (50 posts per week, another 450 posts would be 9 weeks...) Not only did I 10x my goal, I will also multiplying my action. 

I know this is just one of my goals in my Real Estate journey, but I believe it to be important. I thought of it on a day that I didn't seem to getting ahead to the next step in real estate, and was getting somewhat discouraged. Then I thought : "I don't have full control of the process here [can't force people to respond to me, I do have some time constraints, etc] but there is one thing I can control: staying active on BP!"

I don't need others to 'cooperate' to make this happen, so as I celebrate my 50th post, I am setting my sight on 500. I'll keep at it, one day at a time, and I believe this action step can help me get ahead and possibly speed up the process that leads to success. 

Any other newbies care to join me? :)

@Joe Del Greco

In my inexperienced opinion :) I think having a formal agreement written up, even if not with the help of an attorney would help things from getting sticky between you. It is easy to forget what was originally agreed upon three months or one year in...

Keep asking here as questions come up, and don't be afraid to ask for clarifications on responses of others (as a fellow newbie, I am doing the same...)- BP can really help you move along. Keep it up!

Good for you that your taking the plunge into this big, detailed world of real estate! I'm pretty new to it myself, still figuring out how it works, which part of it I want to be involved with...

I know one suggestion I hear a lot about is going to Real Estate Investment meetings/ Associations. There are a LOT of them around the country, and it is a great place to get more information and meet others doing this. I know I wasn't sure which way I wanted to go when I got on here at BP and after listening to so many podcasts, reading article, I just knew Multi-family investing was my 'thing'. I don't have capital to invest, so the next step for me is to connect with others in this space with offers to help so that I can learn.

Good luck to all of us here on BP! 

I see this was your first post, I know being active on this website is another great way to network. I made for myself a little goal of doing many posts weekly so I can learn and be soon. Perhaps that is something you can try as well: think of the power of hitting that 1,000 number of posts: powerful stuff!

Even once deciding to go ahead and get my feet wet in real estate, I realized my Brain still had some excuses going why I couldn't succeed at it. Here are some of these excuses:

1) I don't have enough energy (as i struggle with a chronic medical condition...)

2) I don't have enough time (because I am a young mother of two children...)

3) I don't have enough money (because though our savings are growing steadily, it is not enough to do a deal on my own...)

4) I don't know enough (at least it seems little relative to the information out there...)

So now, Brain, listen well: These 'excuses' listed here are precisely the reasons you NEED to get good at this, and quickly too!

Here's how to turn them into WHY: I want the freedom I can achieve in Real Estate so that I can:

1) have more time in the day to nurture myself physically as I try regain optimal health

2) have more time to devote to my children as they are growing up

3) have the money I need and want to sustain a lifestyle I can enjoy

4) Learn as I progress in this field and meet the people who can teach me more than I ever thought possible

OK, I'm all ready to go now!

If you have excuses that turned into you 'why', share them here!

Thanks for reading... :)