I just read a great forum post on Bigger Pockets and it really hit home with me. Check out what Eric Medemar wrote, “Failing at Investing.”
I have spoke with Hundreds and hundred of wanna be investors and I can tell you in 99% of the cases the trouble has nothing to do with: The Real Estate Market… The amount of buyers in the market… The prices rising or falling… The amount of information that they’ve studied…. Whether or not you have a business card… Whether or not you send post cards… Whether or not you have a good Realtor… Whether or not you have cash… Whether or not you have credit….
And the answer is…
In 99% of cases the problem that paralyzes most newbies is they have absolutely no confidence in themselves.
What he said is so absolutely true, it is all people really need to be successful. You do not want to be cocky, but when you are out trying to accomplish a goal you need to attack it with confidence. Stop asking yourself all the “What If’s” and scenerios and go make it happen.
As you are getting started real estate agents will laugh at your offers, your friends will think you are crazy, you will hit some speed bumps, but to be successful you need to get out there until you starting hearing people say YES to you.
Once you achieve your first YES answer in anything, getting to it a second time is so much easier, not because what you are doing gets easier, but because internally you believe it is possible. After a year in the business you will believe buying property at 70% of market value is possible and see it happen everyday.
So stop asking yourself “What If,” get out there and hustle until you accomplish your dreams.