We’ve had past real estate investing tv episodes that discussed mindset and attitude, but this one is about PERSISTANCE…. or what I like to call it… “stickability”. You need to take a lickin’ and keep on tickin’!
Now don’t misunderstand me, I’m not saying you have to lose money, ruin your credit, or anything goofinen like that, but you need to be able to tackle a little stress without “throwing in the towel”. Rome wasn’t built in a day, and neither will your real estate investing business. It takes time, effort, and well… chutzpah!
Unlike some real estate “gurus” may want you to believe, this business is NOT always “easy”.
Now go go running away, I didn’t say it’s impossible either. Heck, I didn’t even say it’s hard. To be honest, it comes differently to different people. To the man or woman with a lot of business experience, some money to toss at the business for training and consulting, and a good negotiating sense, it may come easy. To someone starting with limited funds (like MOST of us did!) a full-time job, and a family to feed… it’s more challenging.
But then the rewards are even oh so much sweeter!
Most successful people failed before they were successful. Many failed A LOT! I had several businesses close, was a day or two from bankruptcy, lost a house to foreclosure, and had a credit score close to my weight before I finally “made it”. I KNOW a lot of you can relate. I sold little phone boxes, placed “tiny ads”, sold vitamins, paper-traded stocks, ordered CD’s and tapes and so on…
Then finally. Real Estate Investing knocked on my door.
Trust me when I say it wasn’t easy, but if you persists, you’ll succeed. I know some of you have put $ out, spent countless hours cold-calling or hanging signs, have driven all over town looking at and showing houses, and had that “real estate investing is gonna work honey, really!” conversation with your spouse. It will… as long as you change and adapt, and keep plugging away.
Educate yourself, get help when you need it, stay on-top of the industry by reading, listening to the conference calls I let you know about, and keep learning, learning, learning. Eventually, as long as you PERSIST, that 1st deal will fall. And then another. And then another. Each deal that falls through teaches you “something”. You’re not getting any dumber.
Like any other “big money” opportunity, you have to pay your dues.
Everything you do is a learning experience. Face it… if this business was “easy”, everyone would do it. The good news, is each deal gets easier, and easier. Deals I would have lost 3 years ago fall like trees… not because I’m smarter, but because I’ve gained experience. The only way everything you’ve put into this business will be lost, is if you quit. So keep plugging away, and remember…
The Only Place Success Comes Before Work, Is In The Dictionary!
