Answer to newsletter reader
question:
Why
Don't Most Beginning Real Estate Investors Make Money?
By Jeanette Joy Fisher
You say you've
watched every real estate infomercial and DVD, read
every book, and ebook, attended every real estate
seminar within a 200-mile radius and still aren't making
the Big Money you've been promised? Well, you're not
alone. Millions of people send thousands of hard-earned
dollars every year to self-proclaimed gurus and mentors
in pursuit of their real estate investment dreams, only
to be end up exactly where they were before…minus the
money they spent on so-called real estate education.
Why? Part of
the answer has to do with human nature. One group of
folks sees an infomercial or attends a conference and it
fires them with enthusiasm for finally getting out there
and going after their investment dreams, only to sink
back into their old, safe routines after the excitement
wears off.
A second group
makes it past that step and actually starts trying to
put that information to work, only to get bogged down in
the details of how to move from step to step in what is
sometimes a very confusing process. The confused mind
always snaps back, seeking to return to a safe place
where things are more easily understood.
A third group
keeps moving forward, even though they're facing new
situations every day, but they still are confused and
intimidated by the process of calling owners, talking to
agents and bankers, and driving around for days on end
looking for ugly vacant houses.
A fourth group
actually locates properties, but then gets overwhelmed
by the paperwork and the intricacies involved in working
several different strategies, which again leads to
confusion and ultimately to failure.
If you fit
into any of those categories, you're in good company.
The vast majority of folks who are initially fired with
enthusiasm eventually give up and accept failure rather
than becoming successful real estate investors. But take
heart, because I'm about to give you one simple, easy to
understand secret that will assure your success as a
real estate investor.
Ready? Here it
is: if you want to succeed as a real estate investor,
carefully review your various options and then choose
ONE strategy to pursue exclusively. Then, once you've
made your choice, become an expert at that strategy.
Human beings
are always intimidated by the unknown, so we tend to
avoid things we don't understand. On the other hand,
once an unknown becomes familiar, our nature is to delve
ever more deeply into that subject, exploring its many
facets as we learn more and more.
That's the way
the human mind works. The more we learn, the more
questions we have, which prompts us to learn even more.
It's a cycle that can be repeated endlessly, and each
time we learn something new, it opens even more vistas
to explore.
That's the key
to becoming a successful real estate investor. Know one
strategy inside and out, and keep repeating that
strategy. Each time, you'll learn more about how to do
it more effectively, which will then give you ideas
about how to do it even more profitably the next time.
Become a
person who knows one investment strategy supremely well,
and you can make your investment dreams come true.
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Copyright © 2006 Jeanette J.
Fisher
