One of the first questions you need to ask yourself when considering real estate investing is “How do I know if I can be successful in this business?” So I’m posting a few comments to think about before you take the plunge….
This business takes energy (not three hours per week as stated on the infomercials). It takes diligence, perseverance, and the ability to laugh at yourself. You will have disappointments, and your heart will probably be broken more than once. If you believe you have the ability to hang in there and be diligent, you will be uplifted over and over by the many successes you will have.
NOW, for some motherly advice: Getting into the real estate business is no different than starting any new job. You have to invest yourself emotionally, mentally, and sometimes even physically. (Wait until you have to clean out an abandoned house.) You have to prove to yourself that you can take the disappointments along with the rewards.
And guess what? You will be SO PROUD of yourself when you go to your first closing. And as you learn and grow in this business, you will be posting responses to questions from newbies because you will no longer be one.
Now, go out there and pursue your dream. Find the property, negotiate the deal, get your contract in place, and start wheeling and dealing, and walk away from the table with a big smile and a big check.