Real Estate Investor Gut Check
Fellow Real Estate Investors it’s time to check your filters. What’s holding you back? Have you bought or sold a piece of Real Estate in the past 90 days? Do you know someone who has? When the real estate market was flying high did you soar along with those who had no fear of flying or did you remain on the ground in your hanger waiting for the control tower inside your head to give you clearance for takeoff?
What inspires some to plunge in and take on the risk inherently involved in Real Estate investing? How are those who invest different from those who consider investing? Is it knowledge that allows some to have the upper hand or is it a lack of knowledge that allows some to accomplish things they should not theoretically be able to accomplish? Are some Real Estate investors kindred spirits with the bumble bee that in theory should not be able to fly but flies anyway? Are some Real Estate investors successful because they are unaware that the odds may be stacked against them?
Too much information can be crippling. Many successful experienced Real Estate investors had the benefit of technological blinders. Translation??? The Internet wasn’t available when they were learning their craft. The Internet is a double edged sword. The wonderful thing about the Internet is that “You can learn about everything on the Internet”. The terrible thing about the Internet is that “You can learn about everything on the Internet”. Are you crippled by too much information? Are you unable to choose a segment of the Real Estate business that suits your talents, your temperament, your passion, your curiosity or your success blueprint?
Think about you. Your strengths, your weaknesses what you are good at and what you struggle with before you focus on a segment of the Real Estate business. Do you have the patience of a Saint or do you fly off the handle? Do you like people? Are you good with your hands or are you more cerebral? Are you risk-averse? When you have a clear picture of who you are then refer to that picture as you consider the options available in the Real Estate business. Be honest about yourself. Don’t mistake who you want to be with who you are. If you make an untrue assessment at this stage of the game, your odds for overall success in the Real Estate business are a huge long shot. Yes, people change, but an honest assessment of your strengths, temperament and abilities properly matched with a compatible segment of the Real Estate business greatly improves your likelihood for success.
If your dream of being a Real Estate investor has eluded you for more than the past year, it may be time to work on a new dream. If you honestly assess who you are, what you want to accomplish and determine that your abilities or tolerance for risk do not coincide with your real estate dreams…WAKE UP! Get on with your life and leave Real Estate behind for now. Because people do change there may still be a future for you in the Real Estate business but don’t force what doesn’t fit. Now may not be your time. Today’s circumstances may not be favorable for you to invest in Real Estate. If you’ve not done business in the past year, don’t call yourself a Real Estate Investor. You are an observer or a student.
Being a student or an observer is not a business. It’s difficult if not impossible to generate income while watching others succeed. If you want to stay in the Real Estate game, force your own hand. Commit to a result within the next 30 days. Not tasks whereby you busy yourself in an attempt to fool those around you into thinking you are accomplishing something but a genuine result. Something that is concrete or quantifiable. Put your first property under contract and assign the contract. Buy your first positive cash flow rental. Put something you already own up for sale and market and promote it. Enter into a partnership with an experienced Mentor and exchange your enthusiasim and physical labor for a share in the profits generated by the deal. Get pre-approved for a loan and begin your search for a new home. If you fail to accomplish your intended result, consider it a response from the universe that you should move on. If however you succeed, you will have pushed yourself off the fence and into the field where the game is played, where the money is made and your dream of being a Real Estate Investor will become real.
Steve Rider is a Florida Real Estate Broker with Florida Internet Realty, LLC., a Limited Service Flat Fee Brokerage where you can "List for Le$$ in the MLS". He is also a real estate author, landlord and developer. He is a founding partner of a website for Real Estate Investors known as RealEstateInvestorsOnline.com and an amateur webmaster and online business developer. Steve can be reached at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
