- Are you acting on what you already know? You cannot fail if you take action and make adjustments along the way. You can only fail by giving up.
- Do you know what you want? Are you dedicated to achieving it? Have you considered why it’s important to you? When will you make it happen?
- Do what you need now to create the results you want. Otherwise, drop it and pick something you’ll be totally congruent about.
Goals should excite and motivate you. They provide direction and focus. There’s nothing like the pursuing a worthwhile dream or idea. Success is a journey, not a destination. Are you on track? Or are you still getting all your ducks in a row?
If you want to make hundreds of thousands of dollars, buying and selling houses right here in the Upstate of SC, now is the time to crank things up a few notches to make it happen. You’re ready, aren’t you?
I’m assuming you’re like many other aspiring real estate entrepreneurs. That means you probably know enough already to begin a new chapter in your life. Clarify your goals if you need to. Set some deadlines. But creating results requires action. Do it now. If not now, when?
Yes, you need more information. You want to acquire more knowledge. That will always be the case. You want to always be learning since you’ll never know it all. But realize the best education comes from feedback and experience. Without action, you’ll get little feedback or experience.
Don’t wait for everything to be perfect or ideal. Dead people don’t buy houses.
Buying and selling houses is one of the best ways to achieve financial goals. My belief is that you attract money by providing value in the marketplace. It’s not luck and it’s not speculation. It’s providing real solutions and opportunities to home buyers, home sellers and private investors. There’s no secret to how you can do that. Much has published on it.
Sometimes it’s best to over deliver, creating a vacuum which sucks rewards to you with seemingly little effort. Put out good stuff. You cannot NOT get it back. That’s my contention.
For a superior advantage, treat your real estate investing like a business. You want a monthly plan with milestones along the way. You work it each week.
You can create all the personal income you need from buying and selling houses to meet your monthly requirements. You can also build substantial wealth through real estate by not selling everything you get your hands on.
Sell just enough to live your preferred lifestyle… a frugal one at that… for now. Keep building your portfolio of houses. Buy three and then sell one or two if needed for cash flow needs. Your equity in real estate can consistently grow faster than any other savings or investment plan. You can build a solid financial foundation through new acquisitions, principle reduction and appreciation.
Material wealth comes from equity.
The values of a partial list of houses maintain have grown $404,000 and $584,000 during each of the last two years I checked. That’s almost a million dollars in 24 months without regard to the cash or equity I created from new purchases, or the equity built through tenant-buyers paying down my loan balances.
Do this. Creatively buy several houses each year with little or no money down, using other people’s money… or using other people’s existing mortgages. The resulting cash and equity you capture can surpass what most people would consider a nice annual income from a job or career. Double or triple your purchases each year and you’re really on your way.
As a business and marketing consultant to real estate entrepreneurs, I have found the average net profit per deal to be around $27,200. According to the most recent census data, U.S. workers who make over $250,000 a year are in the top 5% of all annual income earners. Doctors tend to be the highest paid professions reported with an average of $110,000 annually.
You can enter the top 5% bracket from buying and selling just 9 or 10 houses a year. Or earn as much as a doctor with just 3 or 4 deals a year.
I’m convinced anyone can buy one house per quarter while keeping with their current full time occupation as long as they: 1) have the desire, 2) get properly trained, 3) take action, and… 4) understand there is no failure, only feedback.
Consider your financial aspirations. Take an inventory of your values… those things that are most important to you. Write down some SMART goals. You know they are SMART if they are:
S-pecific
M-easurable
A-chievable (and written A-s If Now)
R-ealistic
T-imed (and written as T-oward what you want)
You can bet that 19 of the 20 who read up to this point will not take the next step. And you have all you need now to take this important step. Your local real estate club can help, Upstate CREIA is a terrific resource, get connected.
Move closer to being in the top 5% of earners by “acting as if” you were already there. Or take action now to your maintain your already high ranking.
Generating profits is the ultimate measure of business and investing success. It’s a good thing. Not the only thing, but a good thing.
Take a few moments now. Decide what you adamantly want for you and those you care about, now and in the future. Go at it with a passionate fervor that will make others take notice… and perhaps inspire great things from them as well.
This article is brought to you by the Upstate Carolina Real Estate Investors Association. (UCREIA) It is reprinted by it’s original author with permission.
Information about UCREIA’s Educational programs can be obtained off this website or by contacting the club’s Dir. of Education, Karla Kuhn