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Stay Motivated With REI Till The Deal Comes


I know many investors step into the game of real estate investing with high hopes of landing the deal that will turn their financial situation around and yes some do and this is not for you - this is for the investors still looking for that first deal!

The best way starting out in this business, staying motivated and sticking to real estate investing has to do with one big factor!

Keep your JOB - Yes you may be "Just Over Broke" but real estate investing comes with no guarantees of doing a deal in 30, 90, or 120 days as a matter of fact deals come and they go. real estate investing has its good times and it's bad times!

You need a source of income and without it the likely hood of failure will soon follow!

Having a stable income is the number one goal to having financial well being and your mental and emotional well being also.

How to stay motivated in this game of real estate investing until you succeed can be a process but in the end the benefits of a successful real estate business outweigh the time from beginning to success.

So number one on my list to staying motivated is to have a stable income - you can do real estate investing part-time!

We all have many demands placed on us from society, family, friends, work and our self that it can become vary confusing on the issue of priorities. With this said your number two goal to staying motivated is to get yourself organized in business and in your personal life as this helps in keeping control.

Without organization, you will loose your sense of motivation and procrastination will set in to help you down the road of failure.

It's all about balance. Balance in your life, balance in your job and balance with your real estate business and yes this is a challenge and the best way to get balance is cut out the clutter in life. Those wasted hours we all have in our daily life such as watching TV.

Starting out in this game you will need to budget effetely and the best way to do this look for area's that you can cut expenses so that you can put the extra funds into your business. Great areas to cut are eating out, cable TV, dropping extra telephone features such as caller ID & call waiting.

Look at it this way!

According to the Bureau of Labor and Statistics, American households in 2003 spent an average of $3,129 on food at home and $2,211 on eating out. This amounts to $260.75, just cutting down and spend $100 a month eating out you would save $160.75 per month.

The national average monthly cost of cable TV service and equipment in 2002 was $40.11 and the average for expanded basic service was $22.02 so cut back to expanded basic and save $18.09.

Just with a cut back on the two items listed about you would save $189.77 per month or 2,227.24 per year for your business. It's not a home run but it can get you started.

The average pre-foreclosure in the Midwest is only behind $2,700 so you save up for a year and learn how to do subject 2 investing you can acquire a property around a value of $160,000.

By taking the simplest steps in life of stabilizing your current income, organization and budgeting in just a short time you can turn real estate investing into a reality.

Therefore, my fellow investors decide what and how you want your life to be! Make a promise to yourself to achieve what you want real estate investing to do for you and concentrate on what's most important to you.

Spend less and enjoy the simple things in life that do not cost and let real estate investing take you to the level of success you are seeking.

This is just the beginning step of staying motivated as a real estate investor.

Author of Getting Started in Real Estate Investing http://jmichaelrei.com/html/getting_started_.html

"You will never do anything in this world without courage. It is the greatest quality of the mind next to honor." By Aristotle, Greek Philosopher

John Michael
Investor/Teacher/Mentor/Author
Office - (775) 535-1341 or (417) 862-3164
Toll-Free: 1-877-225-5928 & enter 417862-3164
Fax - (775) 307-6541
Email: john@jmichaelrei.com
Web Site: http://www.jmichaelrei.com/


MORE RESOURCES:

Los Angeles Times

China to limit overseas investments in real estate, sports
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China's government is moving to curb domestic companies' investments abroad in property, sports, entertainment and other fields, following a series of high-profile, multibillion-dollar acquisitions by Chinese firms. A document released Friday by the ...
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Real estate transactions for Sunday, Aug. 20, 2017
TribDem.com
Deborah A. Christofes from Jacqueline Bodenschatz Morrison, by attorney-in-fact, property in Westmont Borough, $65,000. Mitchell Wilson Jr. from S2C LLC, property in Richland Township, $181,000. Kayla Kukenberger Rubis from Telford W. Allison, property ...



Real estate records, 08/20/17
Lincoln Journal Star
Anderson, Adam M & Craig E & Brenda J to Fosket, Shad A & Tina L, 2301 Dudley St., $90,000. Anderson, Christopher L to Hargrave, Andrew J, 1410 Cheyenne St., $112,600. Anderson, Michael J & Roseann to Marron, Mary B, 6400 Ashbrook Dr., $500,000.



Crain's Cleveland Business

Frank Sinito has sky-high hopes for real estate portfolio
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That's also how the native Clevelander went from humble beginnings to launching the highly regarded Lockkeepers restaurant to growing an apartment-based real estate empire with 24,000 suites in 26 states. Now the company is so large that it hosts an ...



USDA reports farm real estate, cropland value in Iowa has increased this year
The Daily Nonpareil
SHENANDOAH — Good news when it comes to Iowa farmland and buildings on farms, according to the United States Department of Agriculture Land Values 2017 Summary. The United States farm real estate value, a measurement of the value of all land and ...



CNBC

Christie Brinkley to sell $50 million worth of Hamptons real estate
CNBC
The three-story colonial mansion was built in 1843 by a whaling captain. It still features much of its original carpentry, including the wide-plank floors, oak banister and multiple fireplaces. Brinkley purchased the four-bedroom residence in 2004 and ...



How to nail the real estate post-close follow-up process
Inman.com
You found your buyers the perfect house and helped them write a winning offer. You held their hand through the inspection and appraisal and getting that earnest money check from point A to point B; you were there when they signed their names a hundred ...



OCRegister

Allen Buchanan: What's the MOST important part of a commercial real estate investment?
OCRegister
I believe the income stream is the MOST important part of a commercial real estate investment — otherwise, you don't have an investment, you own an empty building. A commercial real estate investor considers many aspects of his investment. The ...



Texas real estate company buys a big piece of Colorado Springs homebuilder
Colorado Springs Gazette
A deal between a longtime Colorado Springs homebuilder and a Texas real estate company could signal changes in the local homebuilding industry. Privately owned Challenger Homes, one of the area's larger residential builders, has taken the first step ...



Real estate transfers: Reported Aug. 20, 2017
Herald-Whig
Dustin Eugene Hoffman, Sara J. Hoffman and Sara J. Schaller, residence at 927 S. 22nd St., to Olivia L. Stotts. Arlene R. Heck, residence at 1211 Boulder Court, to Brian R. Snyder and Diane M. Snyder. Marta E. Hayner and Marta E. Minnick Huneke ...


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