Why Real Estate Investors Don’t Make Money

You say you’ve seen every real estate infomercial and DVD, read every book and e-book, attended every real estate seminar in a 200-mile radius, and you’re still not making the big bucks you were promised? Well, you are not alone. Millions of people send thousands of hard-earned dollars each year to self-proclaimed gurus and mentors in pursuit of their real estate investing dreams, only to end up exactly where they were before, minus the money they spent on so-called real estate. real estate education.

Why? Part of the answer has to do with human nature. A group of people watch an infomercial or attend a conference and get fired up with excitement to finally get out there and pursue their investing dreams, only to sink back into their old safe ruts after the excitement wears off.

A second group gets past that step and really starts trying to put that information to work, only to get bogged down in the details of how to get from one step to another in what is sometimes a very confusing process. The confused mind always regresses, seeking to return to a safe place where things are more easily understood.

A third group keeps moving forward, even though they face new situations every day, but are still confused and intimidated by the process of calling homeowners, talking to agents and bankers, and driving for days looking for ugly, empty houses. .

A fourth group actually locates properties, but then becomes overwhelmed by the paperwork and complexities involved in working through several different strategies, again leading to confusion and ultimately failure.

If you fit into any of those categories, you’re in good company. The vast majority of people who are initially excited eventually give up and accept failure rather than become successful real estate investors.

The secret to a successful real estate investment

But take heart, because I’m about to give you a simple, easy-to-understand secret that will ensure your success as a real estate investor, in any market.

Ready? Here it is: If you want to be successful 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 on 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 something unknown becomes familiar, our nature is to dig deeper and deeper into that subject, exploring its many facets as we learn more and more.

This is how the human mind works. The more we learn, the more questions we have, which drives us to learn even more. It’s a cycle that can be repeated endlessly, and every time we learn something new, it opens up even more perspectives to explore.

That is the key to becoming a successful real estate investor. Know a strategy inside and out, and keep repeating it. Each time, you’ll learn more about how to do it more effectively, giving you ideas on how to do it even more profitably the next time.

Become a person who knows an investment strategy very well and you can make your investment dreams come true.