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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: Real estate mogul Ben Mallah claims he's earned ‘infinite returns’ — here's the method he uses Yahoo Finance Detroit's commercial real estate market outlook skyrockets for 2025 Crain's Detroit Business Exclusive | Ken Griffin and the Big Miami Real-Estate Mystery The Wall Street Journal Private real estate investor KingSett halts distributions and redemptions on $1.9-billion flagship fund The Globe and Mail Real estate and tech lead $1.4bn in deal activity Alternatives Watch Leaders of Influence in Residential Real Estate 2025 San Diego Business Journal Real Estate Transfers: Nov. 21, 2024 Riverhead News Review Corcoran gains 400+ agents with new DC-area affiliate Real Estate News Check out October's home sales, other real estate data in McKinney Community Impact Schindlers Digital Assets Launches Real Estate Purchases With Crypto in South Africa Bitcoin.com News Leaders of Influence in Commercial Real Estate 2025 San Diego Business Journal Landings Real Estate Group welcomes Morgan Williams to the team Jacksonville Daily Record This NH real estate market was the hottest in U.S. in October. Here's where Seacoastonline.com SEA discusses commercial real estate Rio Rancho Observer Fintech New Silver Reportedly Inks Deal With Fortress for Real Estate Loans - Mergers & Acquisitions Fintech New Silver Reportedly Inks Deal With Fortress for Real Estate Loans Mergers & Acquisitions City of Austin makes $108M real estate purchase The Business Journals Wilson Defendorf–Nyack’s Real Estate Baron & Civil War Captain NyackNewsAndViews Home values now rising faster in areas with lower climate risks Real Estate News Q&A with real estate pro Adam Green as he's set to lead Lee & Associates in Austin The Business Journals Florida among the toughest real estate markets in the country Florida Politics Council Approves Watertown Square Zoning Changes With Increased Sustainability Requirements Boston Real Estate Times West Hartford Real Estate Team Hosting Turkey Donation Drop-Off And Family Fall Event - We-Ha | West Hartford News http://www.we-ha.com National Development Completes Development of 210,000-SF Building in West Bridgewater Boston Real Estate Times ‘Built like a superyacht’: A look inside a $75M oceanfront house for sale Del Mar FOX 5 San Diego Nashville's 2025 real estate outlook holds strong despite high prices, slowed in-migration Tennessean RE/MAX real estate moves into new Plano location Kendall County Now Studio G Architects Announces Topping Off of New Campus at Franklin Cummings Tech Boston Real Estate Times Real estate agency in Falmouth collects gifts for kids in foster care system NewsCenterMaine.com WCSH-WLBZ Phoenix association offers MLS access without Realtor membership Real Estate News Belveron Partners Closes Seventh Real Estate Fund with $354 Million in Capital Commitments PR Newswire Feta Cowboy: New Pita Jungle eatery includes real estate investment partnership ABC15 Arizona in Phoenix We found the 10 best states for real estate investment in the USA Mortgage Professional Fast-growing city south of Austin seeks developer for hotel, convention center The Business Journals These Are The Hottest Real Estate Markets In New York State Hudson Valley Post Allison Ziefert Real Estate Group Offers Reflections on Thanksgiving and October Market Reports The Village Green Award-Winning Royal Texan Homes LLC Welcomes Acclaimed Real Estate Expert Glenda Hampton PR Newswire Flipping the script: Contrarian investors find opportunities in office Institutional Real Estate, Inc. Real estate investment firm Evergreen raises $1bn, secures strategic backing Alternatives Watch Bill Freeman, Nashville real estate developer, major Democratic fundraiser, dies at 73 Tennessee Lookout It’s Okay to Negotiate with Your Real Estate Agent The Truth About Mortgage West Palm Beach third worst in US for pending home sales, according to new report WPTV News Channel 5 West Palm Has the U.S. office market reached bottom? Institutional Real Estate, Inc. Kim Zolciak and Kroy Biermann Cut $300,000 More Off Price of Georgia Mansion in Desperate Attempt To Sell Before Foreclosure Auction Realtor.com News Flat Sales, Record Prices Populate October Housing Market in SW Michigan Moody on the Market Middletown home sold for $3.4 million tops latest sales and more Newport County real estate newportri.com 24 Ninevah Place, Sag Harbor James Lane Post An outlook on the 2025 Dutch Tax Measures and Tax Agenda impacting the Real Estate Market - Deloitte ICG Real Estate grows North American business with appointment of Tim Fuzesi and Nick Donatiello Institutional Real Estate, Inc. Real Estate For Rent Warwick Beacon Top residential real estate sales for Nov. 4-8 in Longboat, Lido, St. Armands, Bird Key Your Observer Smart seller’s sharing secrets Conway Daily Sun Cuban multimillionaire Jorge Pérez transforms Pompano Beach with luxury real estate projects CiberCuba S.F. supervisor wants city to turn troubled Safeway into affordable housing San Francisco Chronicle |
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