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Real Estate
Investing Advice- Tough Love Style
If you’re looking for some touchy
feel good real estate investing advice then hit the
road. If you want politically incorrect real estate
investing advice that might offend you then you’ve come to
the right place.
In this day and age almost
everyone is taking a victim’s mentality and blaming somebody
else for their failures and inadequacies. I’m sick of hearing
the excuses. Look, if you’re broke it’s your fault because of
the decisions you’ve made in your life. Not mine, your mother’s,
agent orange, or any other bogus excuse you can offer. If you’re
one of these whiners then do yourself a favor and leave before
your feelings get hurt.
OK, if you’re with me so far than
you’re somebody who takes responsibility for you life. I like
you already and the good news is no matter what your current
financial situation, education, credit, or SAT score you can use
real estate investing to plan for your retirement or make a
fortune. Now let’s give into some practical real estate
investing advice.
There is no magic pill. Let’s be realistic and
acknowledge there is no magic pill you can take one night where
you wake up the next morning rich, at your perfect weight, and
have all your problems magically disappear. Success with real
estate investing can come fast, real fast, but it will require
some effort and action on your part.
This is the land of opportunity. It never ceases to amaze
me how many immigrants come to this country with no money, no
language skills, and no formal education and in just a few short
years they can be living the American Dream with a thriving
business that employs a bunch of lazy Americans (that could have
done the same thing had they gotten off their derriere). If
they can become successful starting with so little then take
inventory of your assets and make things happen!
You Determine Your Success. Your success or failure in
everything you do is your responsibility alone. Every successful
person that accomplished anything worthwhile in life had plenty
of opportunities where they could have quit and thrown in the
towel but they didn’t. Will you have challenges to overcome?
Absolutely. If it were easy then everyone would do it.
Don’t Procrastinate. Nothing will sabotage your success
faster than putting off things you need to do. Investing just
one hour a day for one year is the equivalent of 9 forty hour
workweeks! Don’t underestimate the power of an hour.
Deals Are Created Not Found. When investing in real
estate approach every deal with the mindset of solving a problem
in which the answer is unknown. First you must know what the
seller wants then go about finding ways to solve the problem.
Do they want debt relief, cash, to take a world vacation, to
purchase another house, to put their kids through college, etc?
For instance if a seller wants their equity in cash the next
question is what do you plan on doing with the cash? If they
answer put it in the bank or invest in cd’s there is an
opportunity for owner terms because you can show them how they
can earn a high rate of return on their money secured by real
estate.
Invest In Education. Look, if you are being el cheapo
and crawling the internet for free articles and how to advice
your approach is backwards. Sure, there are a few gems out
there but it is much easier to buy someone else’s knowledge and
experience than to go it alone and gain knowledge and experience
from the school of hard knocks. Trust me, I’ve tried both and
not only is paying for knowledge and experience faster it’s much
cheaper than screwing up and fixing your own mistakes been there
and done that a few times too many). And while you want to
invest in your education do it wisely and make sure the source
of the information is credible in their experience and
knowledge.
If you are starting in real estate investing you read “Real
Estate Magic 101 – How To Get Rich In Real Estate Even If You
Are Dead Broke!” This unique book should be read by every
person considering a real estate career, whether it be as
Realtor, investor, or developer.
Especially impressive is the amount of
detail and how to advice that can be found in the book. If you
are looking to learn how to buy at wholesale prices then check
out
Kick Ass Wholesaling and you’ll learn how to buy and sell
without cash or credit to generate quick cash or as a way of
finding your own deals.
Invest In Marketing. This may come as a surprise to many
but learning how to market and advertise is one of the best
investments you can make if you are in any type of business.
Marketing is the ability to get the customer to contact you and
regardless of your business you need customers. Most marketing
courses are a waste of money. Real marketers understand that
marketing is about dollars invested vs. dollars returned.
Period. Have you ever seen those million dollar super bowl
commercials? Is there anyway for those companies to measure the
effectiveness of their million dollar advertisement that lasted
30 seconds? One million dollars blown is 30 seconds with no
known return on investment.
You Get What You Deserve. In nutrition the expression is
“You are what you eat.” In measuring your success the
expression is “You are what you invest in.” If you invest your
time in watching the latest TV hits you’re going too educated on
TV shows. If you invest in your knowledge and take action
wealth and success will be yours. Do you deserve a nice house
or cockroach infested dive? The choice is yours.
Manifest Your Life. You have the ability to create the
life you want. But, and there is always a but, you have to
believe it is possible for you. Telling yourself that you are
healthy, wealthy and wise does very little for you if your self
image is that you are out of shape, broke, and ignorant. What
is your self image?
Many people tell themselves they want to be wealthy but deep
down they have a negative connotation attached to being rich.
Every hear the term “filthy rich.” Until you feel worthy being
successful and having riches in your life you will struggle to
reach and hold on to them.
You Are Who You Hang Out With. Have you ever noticed that
broke people have broke friends and rich people have rich
friends? Here’s a quote to live by:
“You are the same person 5 years from now except for the people
you meet, the books you read, and the CD’s or MP3’s you listen
to.”
Right now take a look at the 5 people you spend the most time
with. Do they enrich your life and embrace your goals? Do they
encourage you to be successful? Do they push and challenge you
or are they better suited for drinking beer and watching TV? The
cold hard truth is a lot of people need to change who they spend
their time with if they want to become successful. This is a
difficult decision since it often involves close friends and
family.
The truth is you are going to be
as successful as you make up your mind to be. The only thing
that is really standing in your way from you having everything
you want and deserve in life is you!
Wishing you all the success in
life you deserve and have the guts to get! | 
