Facing The Fear Factor

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Topics: Investor Success

Everyone is afraid of something.  Everyone can remember being afraid of the dark as a child.  As adults, many are afraid to sky dive; or to drive in traffic; or to confront authority figures; or to go door to door to cold-canvass for listings or purchases; or of speculating on properties out of their local area, or of lending money to entrepreneurs who buy, fix-up, and sell houses.  Jack Miller identified the 20 things which hold people back from success in a real estate business and wrote about the solutions help people conquer each fear.

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How To Transition From Employee To Entrepreneur

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Topics: Investor Success
Keys to Success

Effective use of your time is the key to being able to hold down a job to earn a living while still working toward the day that you achieve your personal financial freedom.  Think of it this way.  Each Monday you’re given a deposit in your time bank of 160 hours.  How you use this deposit can make the difference between succeeding and failing financially.  Let’s take it one day at a time to see where we ca squeeze out working hours:

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What Real Estate Entrepreneurs Are Thankful For

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Topics: Investor Success

Being an entrepreneur can be lonely and hard work. The learning curve or transition from employee to entrepreneur is hard, if not impossible, for some – yet others take to it like a duck in water.  Many people who work for someone else have tried to get out of the rat race only to get discouraged, lose focus, or just determine it’s not worth it or not for them. So, they still get dressed up every morning, fight the traffic, go to work in a job they can’t stand, and put up with a boss they would love to see fired, and pray every day that they don’t get laid off tomorrow. I hope this doesn’t fit you.

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Being Competitive – Going Door To Door Versus Buying Lists

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Topics: Investor Success

It always amazes me that people with buckets of diamonds at their feet want to hire someone to pick them up rather than doing it themselves.  How does this apply to Pre-Foreclosures?  Rather than going door to door to sniff out distress and Pre-Foreclosure situations,, or getting the names of late-payers from lender collection departments or independent collection agencies, then mailing those in default a solicitation to buy their home, so-called entrepreneurs want to buy lists of Pre-Foreclosures from others who have compiled them.  What’s wrong with this picture?

    No matter how adroit you might be at negotiating with distressed owners, you’re always going to be a couple of days late to the rummage sale.

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Getting The Best Deals By Zigging While The Competition Zags

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Topics: Investor Success

Will Rogers said that the key to catching fish is to go where they're biting. He should have added, to fish where the other fellows aren't. Generally, avoiding competition is a vital fundamental key to profits. Despite their pay-loads, airlines haven't been very profitable because of ruinous price and route competition. Daimler-Benz's corporate motto is "Defiantly Different". That's a good motto for real estate entrepreneurs too. Working in a niche market, and deliberately doing things in a different way avoids competition that would rob you of opportunity and profit.

The single factor that most enables one to rise above mediocrity in real estate is....

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Buying Properties Out Of Your Geographic Area

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Topics: Investor Success

When it comes to investment, absence doesn't make the heart grow fonder. Somehow, we are prone to think that the grass is greener in the other fellow's yard. The problem with trying to achieve something outside your own area is that there will be competitors waiting there to guard their territory.

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Real Estate Entrepreneurs – What Sets Them Apart

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Topics: Investor Success

What sets real estate entrepreneurs apart from other entrepreneurs is that they don’t seek freedom by building massive stock companies, but by creation of income streams that build wealth while enabling them to support their families.  This is a deceptively complex subject that relies upon a wide variety of knowledge, skills, experience, and “street smarts”.

 

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If You Had $10,000 Per Month In Cash Flow

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Topics: Investor Success

You need to visualize where you want to be and how much money you want to have. Creating a "dream board" with pictures of your bank account, your house, the car, the places you will travel, etc... will help you achieve those dreams much faster.

The brain doesn't know the difference between reality and fantasy; what you imagine yourself to be is what you will become. When you visualize something, your brain goes to work full time to achieve what it has seen.

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