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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: eXp unveils AI program for agents; ENRG enters Hawaii RealEstateNews.com Real estate stocks advance as October rate cut odds rise, earnings meet Wall Street expectations Seeking Alpha Real Estate Investors Share the AI Tools They Use to Work Efficiently businessinsider.com Inside Mark Wahlberg's new $37M Florida sanctuary as celebrities continue exodus from California Fox Business Aston Martin to develop new Residences with Valor Real Estate Development - Aston Martin Media Welcome to Real Estate Friday! The Berkshire Edge Smotrich says Israel working with Trump on 'real estate bonanza' in Gaza Strip Lemkin Institute for Genocide Prevention SRS Real Estate Partners completes final sale in a $26.46 million break-up strategy of Butterfield Station, a 70,000 sq.ft. retail center in Temecula myvalleynews.com For These Real Estate Agents, Rags Became Riches The New York Times RNR Real Estate Briefs – Texas & more Realty News Report New broker group demands accountability from NAR RealEstateNews.com Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to 4.06 million SAAR in September Calculated Risk Value revival: Why U.S. real estate is poised for a recovery Institutional Real Estate, Inc. A path to energy savings: Retrofitting older homes Santa Fe New Mexican Beyond distribution centers: Shallow- and mid-bay industrial real estate delivers pricing power and opportunity Institutional Real Estate, Inc. What the Texas state fair can teach us about real estate Orange County Register The Michael Houck Real Estate Guide for October 26th Oil City News Affinius Capital, Axonic Capital form strategic partnership Institutional Real Estate, Inc. The Blockchain Revolution Is Quietly Remaking Commercial Real Estate—And It Could Unlock Trillions In New Value Yahoo Finance Mortgage Rate Predictions for Next 12 Months: October 2025 to October 2026 Norada Real Estate Investments AI browser wars are here. How this new era will change real estate Inman Real Estate News LETTER: Nevadans harmed by real estate scam Las Vegas Review-Journal NYC real estate has trouble on its mind The Real Deal Why real estate prices are plummeting in places that boomed during the work-from-home era businessinsider.com Mortgage Rates Drop Fueling Refinancing Surge and Buyer Confidence Norada Real Estate Investments Part-time real estate investors explain how they used creative financing to scale to 24 units in less than a year businessinsider.com Real Estate And Development Loudoun Times Dodge County Real Estate Transfers Fremont Tribune Hundreds of vacant lots owned by Suzie B. Wilson, Chicago's 'worst landowner,' remain unsold ABC7 Chicago Redlands property features mountain vistas, outdoor living space and more The Grand Junction Daily Sentinel Here are recent property transfers up to $1,000,000 Saint Albans Messenger Agent Spotlight: Carolee Hawkins The Grand Junction Daily Sentinel What's the most expensive property sold in Rhode Island? Oct. 24 real estate transactions The Providence Journal OT Real Estate Spotlight of the Week: 5118 Funny Cide Cove The Owensboro Times Clearing skies: Real estate outlook and the road ahead Inman Real Estate News The East Bay is suddenly seeing a 'significant influx of OpenAI buyers' for all-cash real estate deals The Business Journals China and Singapore lead web searches for South Florida real estate South Florida Agent Magazine The Calendar vs. The Market: Is real estate still seasonal? Pleasanton Weekly The Residences at the Greens sold for $6 million | Real estate transfers Massillon Independent NAR policies ‘didn’t contemplate’ AI — so now what? RealEstateNews.com Editorial: San Rafael right on tiny homes, but trust with neighbors is needed Marin Independent Journal Westmoreland County Real Estate Transfers The Latrobe Bulletin Do Home Buyers Have to Show Proof of Citizenship? The New York Times 9 smart (and affordable) ways to generate real estate leads this fall Inman Real Estate News Rochester banking veteran joins Core Real Estate Group Post Bulletin Government shutdown impacting real estate market Spectrum News Real Estate 101: Government shuts down my sale The Rome News-Tribune Seattle Home Values Surge by 280% Over the Last 50 Years Norada Real Estate Investments The 'Great Reset' Is Really What Happens When Chain Stores Pack Up and Move Out of Neighborhoods Realtor.com Top residential real estate sales for Oct. 6-10 in Sarasota, Siesta Key, Palmer Ranch, Osprey, Nokomis Your Observer San Francisco Home Values Skyrocket by 300% Over the Last 50 Years Norada Real Estate Investments Commercial real estate broker buys Stamford office building for $3.45M, moves into top floor Hartford Business Journal Real estate developer wants to rezone old Margate golf course into townhomes as housing demand grows CBS News Home Design Trends That Boost Real Estate Value National Association of REALTORS® Shelter Island Reporter Real Estate Transfers: Oct. 23, 2025 Shelter Island Reporter 'There Are A Million Ways' To Replace Rental Income: Suze Orman Shares Advice For Retirees Selling Property Yahoo Finance Real Estate News Briefs 1025 Post and Courier Millcreek home for sale for $1,275,000 features modern design, beach access, tennis court Erie Times-News El Paso victims continue lawsuit against Sierra Title over alleged real estate fraud - El Paso Times Fighting Real Estate Fraud to Protect the American Dream RealClearMarkets NYC Tax Tribunal Applies Step Transaction Doctrine to Limit “Mere Change” Exemption Under Real Property Transfer Tax The National Law Review |
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