Did you give up on your idea of wealth through real estate investing? What stopped you? How can you go from so pumped up on real estate investing to giving up? Here are the reasons I see:
- Tried once and gave up
- Tried twice and gave up
- Did OK but got tired
- Never got that first deal
- Lost money on the first deal
- Life situations interfere with progress
The only one bullet on this list that I can forgive is the last one. Sometimes Life get’s in the way and stops you dead in your tracks. I’ve found that to be successful in real estate investing you need to have these qualities:
- Solid determination
- Passion
- Flexibility
Here are my definitions of the above:
- Solid Determination – You think and breath real estate. You are on a constant passion to learn all you can. You try different strategies and are OK if those strategies don’t work for you, as you know that somewhere, there is a “sweet spot” for you, and once you find it you know you will succeed.
- Passion – You feel it in your gut. You know there is a way to get this done. If you say “Gee, I don’t really want to look at another house”, well, then, you lost your passion for real estate investing. This is a game and should be fun, even though you stub your toes sometimes, you get back up and keep going.
- Flexibility – Success doesn’t come in a straight line. There are no rules, no matter what anyone tells you. If you can’t get something done one way, then be open to getting it done another way. Be flexible in your negotiations, in your deal making and your exit strategies.
Without any of these three characteristics, well then, give it up…take a break… If you have these three characteristics and STILL not moving like you want, consider teaming up with me in Miami/Fort Lauderdale Area February 22-24 and we will get you back on your path…CLICK HERE.
What stops you?