If you believe you’re going to be successful most of the time you will. Part of believing is following someone that has accomplished that same thing you want to. By following someone that has paved the road already, you have a mapped out plan that will get you where you need go, in the most efficient manner possible. Think about it like this…which road would you rather take?
A nicely paved road that has all the bumps and potholes repaired or the uncharted trail that is full of obstacles and barriers. It’s not hard to figure out which is going to get you to your destination faster.
If you’re just starting out in the real estate investment business or you have been doing this for several years, you need to make a paradigm shift. What you believe to be true or even what you’ve been told is true – well – let’s just say there is another way. So while others may have been successful with their approach I don’t think it was necessarily the easiest, most profitable or the safest path to the top of the mountain of success. That’s what I will share – the easiest, safest… and most profitable path. Others grab your attention with what I call “shiny new things”. It looks good. It sounds good. But its beauty quickly diminishes when you discover how hard it is to duplicate.
Stop looking. With Lou Brown you’ve found what you need. After buying lots of others I was confused and disappointed. I went ahead and made the investment in his “Whole Enchilada” and I’m sure glad I did. It made back my investment on the first deal! He made me feel like a member of his family and I really got that his students success is more important to him than making money off them. I haven’t felt this way elsewhere. He says he’s only out to get raving fans and I’m sure one of them.
The next step is to determine what you want to accomplish. Ask yourself, “Why am I investing in real estate?”
Do you want additional income for your family? Do you want a nicer home? Better cars? Education for your kids? Retirement? (You better put that last one on your list if you didn’t already.) Make a list of what you want. Find out what those things cost. Add it up. That’s the size business you need to build. Some people will just need a few houses to reach their goals. Others will need dozens, even hundreds to reach theirs. Either is fine. That’s what I’m here for.
Here’s a formula that can help:
You need to value your time and make sure that everything you are doing for your business is productive. Realize that if you are cleaning toilets or painting walls, does that really use your time wisely?
Time is money and your time needs to be spent in front of sellers, creating and crafting deals, solving their problems, not doing all the minutiae that you can hire others to do. You need to be working ON your business, not IN your business.
Are you ready to get started and build for your future?. You’ve already taken the first step. Now you just need to follow the paved road.
Be sure to check out my next article in which I show you how to get the funding to invest.
Here’s to your success!
The Street Smart Investor