We have put together some great pieces of advice for you – based on experience.
- You don’t need a degree in engineering/business/MBA/etc. to succeed.
- You don’t need to have a real estate license. A Real estate license talks mainly on disclosure, liabilities on what is allowed and what’s not allowed; plus real estate terminology. It teaches very little actual real estate investing. Getting a license requires time, attention, and energy – things that WILL create a disruption in your real estate investing journey.
- Go online and learn. YouTube, Udemy, and such are great resources. Create your own “class” time and sit you butt down without your mobile and concentrate on the material being taught.
- Here’s an easy one – find positive role models (you are allowed more than one) and watch what s/he is doing, track it or do the same.
- Find negative role models. Look at that person and let him be a reference point of what you don’t want to be. When deciding what to do, ask yourself “what would he do in this situation” and act differently/opposite.
- Find an investment buddy (only 1). Someone who wants to walk a similar path as you. You don’t need to invest together but set up time to meet, talk, collaborate, and hold each other accountable.
- Be proactive. Don’t just sit there and wait for things to happen or wonder why someone is not responding to you – take charge.
- Stop following TV Gurus. They want to sell you books and tapes, not real estate.
- Stop attending too many investment club meetings. At some point, they create too much noise and disruption than benefiting you.
- Really ask yourself if networking events are benefiting you. Maybe they are a waste of your time.
- Stop listening to those who don’t do, but are full of advice.
- Focus. Focus. Focus. Focus . . . you get the point.
- Be determined. Things are not going to go according to the plan. Use it as opportunities for growth, not despair.
- If you feel a bit lost, find a mentor. People are willing to share their wisdom and experience.
- Are you a control freak? Let it go! If you are not good at something or hate doing it (accounting 😉 ), let someone else do it. They’ll do a better job at it and free you to do the things you are good at.
- When people call you “nuts” and “crazy” you are probably on the right track.
- All the info you have gained is worthless if you don’t pull the trigger and start investing . . . apply apply apply repeat.
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