Like any investment opportunity, real estate investing has its ups and downs. This type of money-making technique has been compared to dieting: many people start out with a great deal of motivation to succeed, but as soon as they face a challenge, they back off and give up. Once people come to understand that they can’t get rich overnight, or even in a week or two, they move on to the next “get rich quick” scam without seeing success in anything. Like diets, investing in real estate requires a lot of hard work and personal discipline to be successful.
The basic premise to succeed in this market is to make hundreds of offers to sellers who are motivated and find the perfect offer. However, it is difficult to be successful on your own. Someone on a diet will want the help of their doctor, a personal trainer, and their best friend to stay motivated. Similarly, someone who is into investing will want an attorney, assistant, and agent to facilitate the process of making an offer and completing the paperwork. Tips from people who have years of experience are priceless.
The bottom line, however, is that it’s not enough to know what to do, you have to go ahead and actually do it! Dieters blame the diet for their failure, even if they didn’t stick to it. Clearly, it was their fault and not the diet. If you don’t follow the advice of your real estate investment lifelines, you’ll have no one else to blame for your lack of success but yourself. You may decide to enroll in a mentoring program, but if you don’t put in the effort, it won’t work for you, even if it has worked for many others before you.
The bottom line is that both investing and dieting are simple, but they’re not easy. If you are not willing to take action on a large scale, you will not get the results you want from this form of investment. However, if you have the discipline to work hard and learn from your mistakes, almost anyone can succeed in real estate investing. Making money in this market depends on many factors, but the most important factor is you and your commitment.
