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Real Estate Information |
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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
MORE RESOURCES: Billionaire who moved business to Florida now selling final property in blue city at discount Fox Business Weather risk data taken off popular real-estate website Dakota News Now Erie County real estate transactions Buffalo News Schottenstein Real Estate sells 252 acres in Madison County for $82M The Columbus Dispatch Restaurant Real Estate: December 2025 Portland Food Map Limestone Asset Management and Orion Real Estate Group Sell Renovated Pinecrest Town Center for $42.5 Million Florida YIMBY Denver's Real Estate Market Has Cooled Down Dramatically And That's Not Good For Wyoming Cowboy State Daily IPE RA Real Estate Americas Briefing IPE Real Assets 25 Most Expensive Real Estate Transfers in Williamson Co. Nov. 10 Williamson Source Retailers Are Snatching Up Real Estate Again The Wall Street Journal Austin-based real estate investment firm acquires properties along I-30 Rockwall Herald Banner Gary Kelley launches real estate brokerage Community Advocate REAL ESTATE | Parish Surveying & Engineering to move into 508 N. Main Street in West Bend, WI Washington County Insider Greece as Investment Destination: Steady Demand, New Opportunities, a Mature Real Estate Market The National Herald Real Estate Investments in Greece: A Market of Opportunity The National Herald What sold last week? Real estate transfers, Dec. 1 to 5 Community Advocate Serafim Sotiriadis: The Impact of the Maturation of the Greek Real Estate Market The National Herald Rey’s Real(i)ty Check: The Year Behind/Ahead Santa Fe New Mexican The 9 podcasts agents should be listening to right now Inman Real Estate News $3M sale tops latest Winnebago County property transfers Oshkosh Northwestern GTA Online: A Safehouse in the Hills Coming December 10 Rockstar Games Master of Real Estate Development Webinar UCLA Luskin Ryan Serhant exposes America’s new real estate reality and the biggest housing shift in 50 years Fox Business Berks County real estate transactions for Dec. 7 Reading Eagle Agents Find a ‘Green Advantage’ in Commercial Real Estate National Association of REALTORS® Central Mass. real estate transfers for Sunday, Dec. 7 Worcester Telegram SL Green chief expects thriving NYC office market to continue — even under Mamdani - New York Post McColly Real Estate Holiday Open House 2025 GreatNews.Life Bank Regulations and Commercial Real Estate | US Cushman & Wakefield E-News | RRI, Department of Economics co-hosting real estate and urban economics expert West Virginia University Real estate agent showing a property finds skeletal remains, sheriff says - San Antonio Express-News Real estate agent showing a property finds skeletal remains, sheriff says San Antonio Express-News News from SFAR: Remodeling? Let’s Review Santa Fe New Mexican Real Estate Lowenstein Sandler LLP How agents, brokers can minimize RESPA risks RealEstateNews.com See how much homes prices fell in Caddo Parish recently Shreveport Times OT Real Estate Spotlight of the Week: 2091 Pebble Wood Drive The Owensboro Times Commercial Real Estate Is Getting Too Cheap to Ignore The Wall Street Journal PETERSON: Iowa State seniors were the real victims of the school’s bowl game opt out Cyclone Fanatic What will ‘never go away’ as AI spreads through real estate RealEstateNews.com The most expensive homes sold in Jefferson County (Nov. 3-4) The Business Journals Why a New York real estate mogul is investing in the desert of southern New Mexico Albuquerque Journal Real Estate Newsletter Articles this Week: Calculated Risk This Week in Review | Cryptocurrency Volatility, Global Inflation, Real Estate | Insights Fisher Investments Inside the Nuveen Global Cities Private Real Estate Fund Livewire Markets What's the most expensive property sold in Rhode Island? Dec. 5 real estate transactions. The Providence Journal Shelter Island Reporter Real Estate Transfers: Dec. 5, 2025 Shelter Island Reporter Florida Housing Market Forecast for 2026 Indicates Price Declines Ahead Norada Real Estate Investments Marshall Mend a good real estate friend Coeur d'Alene Press Adam Sandler Lives Exactly the Way You Think—But Better Parade Home & Garden Phoenix luxury real estate shifts with unprecedented price reductions The Business Journals RNR Real Estate Briefs – Texas & more Realty News Report Joseph B. Greiner Remembered as Leading Real Estate Broker Dan’s Papers News | Bellevue-based Sterling Realty hires real estate executive to fill new leadership role CoStar John Staub-designed 1959 River Oaks home among Houston's priciest sales week of Nov. 23 (PHOTOS) The Business Journals Fed Interest Rate Forecast Signals High Probability of December 2025 Rate Cut Norada Real Estate Investments From blighted house to dream home: transformed Woodland Park stunner lists for $1.45M - Columbus Business First The Business Journals Mamdani’s plan to let tent cities take over NYC could batter real estate market: industry leaders New York Post Russell Wilson, wife Ciara will make insane profit on $55M ‘Amor Estate’ compound Sports Illustrated Can CBRE’s Latest Industrial Sale and Life Science Leases Redefine Its Mixed‑Use Strategy (CBRE)? simplywall.st Ryan Serhant says his daughter will have to ‘figure it out’ as housing market resets for Gen Z Fox Business Real Estate 101: A Change in Perspective The Rome News-Tribune |
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