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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: Boathouses Go Next Level at These Five Mansions Mansion Global The long road to recovery for LA’s property market The Real Deal Homes for Sale in New York and New Jersey The New York Times Erie County real estate transactions Buffalo News Downtown Knoxville IRS offices included on list of possible federal real estate spending cuts WBIR.com The Great American Insurance Retreat: Climate Change, Uninsurable Homes, & The Future Of Real Estate CleanTechnica REAL ESTATE | VIDEO | Perfect country property in Dodge County | By Wendy Wendorf - Homestead Realty washingtoncountyinsider.com Trade Alert: Independent Director Of Apollo Commercial Real Estate Finance Carmencita N. Whonder Has Sold Stock Simply Wall St Central Mass. real estate transfers, Sunday, March 9 Worcester Telegram Macomb County real estate transfers recorded Sept. 30-Oct. 4, 2024 The Macomb Daily An investor's 3-part 'build-to-rent' strategy is making him $330 a month per unit. It has him on track to retire early. Business Insider U.S. Government Hits Pause on Massive Commercial Real-Estate Sale The Wall Street Journal Crain’s Cleveland hires Smith to cover residential real estate Talking Biz News DOGE claims $13.6 million in real estate savings in Alaska Alaska's News Source How Nigerian leaders spent millions on SC real estate amid US retreat from dirty money fight The Post and Courier Real Estate Property Transfers Spring Hill for Feb. 3, 2025 Williamson Source Vendor & Real Estate Partners Dollar Tree, Inc. In Good Company: Discover Brooklyn’s Real Estate Gems with MM&Co. (sponsored) Brooklyn Bridge Parents Exclusive | Blackstone Raises Largest Commercial Property Debt Fund With $8 Billion Haul The Wall Street Journal Berkshire region real estate sales – March 7, 2025 theberkshireedge.com Trouble Signs For Real Estate Market In Palm Beach County BocaNewsNow.com America Builds: Making Federal Real Estate Work for the Taxpayer The House Committee on Transportation and Infrastructure The Michael Houck Real Estate Guide for March 9 Oil City News Sonoma County real estate market turns turbulent, though 7 areas show improved year-to-year sales prices The Santa Rosa Press Democrat Palm Beach house sells near Trump's Mar-a-Lago, marks fourth sale there since mid-December USA TODAY Godfrey - Home for sale RiverBender.com China’s real estate market keeps stabilizing as government policy support boosts confidence: Minister Global Times ‘They just gutted it’: Latest Trump job cuts in Oregon hit agency managing real estate OregonLive OT Real Estate Spotlight of the Week: 5457 Ridge Pointe Court The Owensboro Times DOGE claims $17 million saved in federal real estate terminations in Georgia. Here's where Online Athens Charming Southern metro nicknamed the 'Scenic City' sees housing boom in state with NO income tax Daily Mail Pushback in eXp, Weichert settlements called ‘self-serving’ Real Estate News Suburban cities, developers eye office space but high-rise downtowns outside Austin still years away The Business Journals This CT metro area has the 'hottest' real estate market in U.S., according to realtor website CT Insider Inside Saratoga's largest mansion, now listed for $24.9M The Business Journals Real estate stocks down with import of timber, lumber, derivative products under scrutiny Seeking Alpha Smartleaf Asset Management LLC Buys 479 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Defense World Healthcare Commercial Real Estate Finance Veteran Amy Heller Joins Meridian Capital Group Business Wire DOGE cuts 13 real estate contracts, federal offices in Mississippi. Where are they? - Clarion Ledger Real Estate Stocks To Keep An Eye On – March 7th Defense World RNR Real Estate Briefs – Texas & more Realty News Report $1.3 million Dover townhome tops Strafford County market. Here's lowest-priced home, too. Foster's Daily Democrat Apollo Commercial Real Estate Finance (NYSE:ARI) vs. Arbor Realty Trust (NYSE:ABR) Head to Head Survey Defense World Chetrit family faces a reckoning after decades of success in NY real estate Crain's New York Business UW and NFL great Lawyer Milloy lists Woodinville estate for $7.8 million seattlerefined.com Red Bank's Denholtz has created a $2B real estate empire; now they want to get bigger Asbury Park Press Real Estate Newsletter Articles this Week: Property Insurance Costs Rose at a Record Rate in 2024 Calculated Risk National Bankshares Forecasts Strong Price Appreciation for Bsr Real Estate Investment Trust (TSE:HOM.U) Stock Defense World Chattanooga housing market heats up in Tennessee Fox Business What were the 5 most expensive homes sold in Petaluma last week? The Santa Rosa Press Democrat County Official Sees Growing Strength in Real Estate Franklin Observer ‘Extremely pissed off’: LeFever Mattson investors wonder why troubled real estate moguls have escaped accountability The Santa Rosa Press Democrat Is a 6.5% Mortgage Rate the 'Magic Number' to Turn the Local Real Estate Market Around This Spring? TAPinto.net Raymond James Has Lowered Expectations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Defense World REAL ESTATE | 92+ acres of farmland in Rubicon, Wi | By Jim Emmer – Emmer Real Estate washingtoncountyinsider.com National Bankshares Has Lowered Expectations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Defense World Here are recent property transfers up to $1.4 million St. Albans Messenger A couple making $28,000 a year in passive income from real estate used an out-of-the-box approach to buy their first rental Business Insider Gambling on Las Vegas? Sin City Housing Market Softens as It Suffers Affordability Crisis Realtor.com News Elevate Your Real Estate Experience: Insider Tips Cape Cod Daily News |
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