The Mind of the Real Estate Investor
Real Estate Deals - Ten Myths
Are high-profit real estate deals only for the wealthy? Is it possible to buy with no money down? Do you really have to know the "right" people? Let's answer by looking at some of the myths of real estate.
1. The good real estate deals are...
Myself and many others are living proof that by changing your
mental and physical habits, you can build your wealth. This
mini-course focuses on changing or fine-tuning your mental
habits and attitudes toward real estate investment so that you
can profit at will. It's about getting your mindset right.
By mindset, I mean your way of looking at, and approaching your
real estate investment business. This includes the way you
perceive your business. It also includes what you allow to
impress and intimidate you, also what challenges and excites you.
Note: This article is the introductory session in a soon to be
released mini-course entitled "The Mind of the Real Estate
Investor" and the full course will soon be available to Rehab
Real Estate Central (http://www.rehab-real-estate.com)
newsletter subscribers. This course will be a free service of
Rehab Real Estate Central.
Why bother with "mindset?"
Simple. Because the cost of NOT adjusting your mindset is
outrageously expensive (in opportunity loss)! If your mind isn't
conditioned to think like a wealth-building investor, you are
like a sailor paddling around in a boat with holes in it. If you
bail water quickly enough, you'll keep it afloat, but you will
eventually tire...and sink!
ALL money-making endeavors begin with a thought. They are all
ideas born in the mind of an investor. Some have more and better
ideas than others. Why is that? Are some minds better
conditioned than others? I say "yes!"
In our society there is often resistance to conditioning one's
mind, but nobody thinks a thing about going for a jog, or
hitting the gym to condition their body. Does that make sense?
If you walk the entrepreneurial path, mental conditioning is
central to your business.
The six concepts that I will unfold in this course are powerful
weapons of the mind. If you condition your mind to these
concepts will make you a lot of money, and you will KEEP
Real Estate Bubble Aftermath
Last spring, I was invited to go to Philadelphia and participate
in a "real estate bubble" discussion on Ch 8's "Money Matters
Today." Television reporters, newspapers, and media hype love
scaring you to grab your attention. On the TV show, I...
a lot of money.
Simply put, if you don't develop, and then fine tune your
mindset you will either:
- Never quite get around to investing in real estate (if you
have not yet begun) and forfeit the wealth you want to attain
for you and your family.
- Never quite get where you want to go in your investing (if
you are already investing), and forfeit the wealth you intended
to attain for you and your family.
You see, a lot of people have enough knowledge to invest in real
estate. Far fewer DO it. Why is that? Because far fewer have
bothered to develop the mindset that conquers fear and other
hurdles to investing in real estate. Frankly, it doesn't matter
how much knowledge you possess about investing in real estate,
you WON'T do it if you haven't conditioned yourself to think
like and investor.
Usually I write and teach practical matters of rehab real estate
investing, but for this course, I'm breaking from that in favor
of talking about what you can do to adjust your
thinking...change the way your mind works. Since the investing
won't be successful without a properly conditioned mind, it can
be considered the most important aspect of learning to be a real
Mindset is the foundation of real estate investment. In other
words, if it's not solid, you cannot invest successfully. I
don't know how to put it any plain-er.
I've known scores of folks who have WANTED to invest in real
estate. These are usually acquaintances who find out somehow
that I invest in rehab real estate. Invariable I here, "I've
thought about doing that." Sometimes I hear "I looked into
that." Sometimes they proceed to ask questions, but I find that
most of the time the next word after the previous phrase is
"...but" and then I hear an excuse.
These excuses range from "I couldn't find any property" to "the
numbers scared me" to "I couldn't get a mortgage."
What I'm thinking to myself is "these excuses have solutions,
but they don't
The Benefits of A Real Estate Agent 101
Buying and selling property is not as easy as you may think. There are many things that you have to consider when purchasing a home, or when putting a home up for sale. That is why there are real estate professionals out there armed with the skills...
yet have the mindset to overcome these relatively
minor hurdles." In fact, unless someone ASKS me for specific
advice on overcoming these hurdles, I don't offer advice. That's
not because I don't want them to succeed! It's because their
mindset is not yet right.
Let me tell you where I'm coming from on this topic.
My mindset was screwed up for 10 years! I was a real estate guru
junkie! For a decaded I consumed every book about real estate
investing on the market, attended seminars, and bought courses.
I had "book knowledge" running out of my ears with ZERO property.
Finally, one day I realized that I was about to "retire" from
the Navy, I REALLY didn't want to get a job, and my family still
liked to eat! I changed my mindset, and put thoughts into
action. The rest is history. What changed? Not my knowledge! My
way of thinking changed.
Facing the end of my Navy career was the catalyst that got me
started. If you haven't started, there IS a catalyst in your
life, you only need to find it and capitalize on it. Are you
satisfied in your job? Want more time with family? Want more
disposable income? Want to build your retirement savings? This
list could get long!
This course is aimed at helping you capitalize on your action
catalyst by developing your real estate investor mindset.
For those that are already investing, this course will serve to
fine-tune your mindset to make you more profitable. The VERY
SAME mindset ideas that make people launch successful real
estate investment careers are the ones that keep investors
successful over their real estate investing careers, be it 2
years or 20.
Let's get started!
About the author:
Bruce W. Ford is the editor of Rehab-Real-Estate.com
. Get this free course at Rehab Real Estate Central. It is due for
limited release in mid November 2005.
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