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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: Americans believe real estate, gold are the best long-term investments. They're wrong, advisors say CNBC Rennie lays off 31 employees from real estate firm, cites ‘changing market’ Business in Vancouver A 24-year-old learned about real estate investing on TikTok. Now he plans to convert a $2 million motel into apartments. Business Insider Current Real Estate Roundup - May 8, 2025 Nantucket Current Here’s a snapshot of the area commercial real estate market in April - Baton Rouge Business Report Here’s a snapshot of the area commercial real estate market in April Baton Rouge Business Report OT Real Estate Spotlight of the Week: 4295 Saddlebrooke Trail The Owensboro Times Senior Living More Tariff-Resistant Than Other Real Estate, Immigration Remains Big Issue Senior Housing News Montgomery County and MCB Real Estate Partner on First-Ever Tax Increment Funding to Support $2.8 Billion Investment in East County Montgomery County (.gov) Homes for Sale in New York and New Jersey The New York Times European real estate somewhat shielded from tariff chaos Institutional Real Estate, Inc. Bray Real Estate releases its April 2025 numbers KKCO 11 News Trump’s Migrant Crackdown Adds to Miami’s Real Estate Woes Insurance Journal Athens Riviera Set To Lead Europe’s Prime Real Estate Boom With Ultra-Luxury Demand In 2025 Travel And Tour World Homes.com aims to one-up Zillow with listings ‘boost’ Real Estate News by RealEstateNews.com EG Real Estate: 7 New Listings & 5 Sold East Greenwich News Real estate’s winners and losers of the state budget The Real Deal Here are businesses on the move in Marin, Sonoma, Napa and Mendocino counties The North Bay Business Journal Global Surge in Data Infrastructure Demand Reshapes Real Estate Landscape, Cushman & Wakefield Reports Boston Real Estate Times What’s next for StepStone after its record real estate fundraise? Secondaries Investor llinois bill looks to enshrine Clear Cooperation in state law housingwire.com Sherley Real Estate, LLC - Ad from 2025-05-10 The Independent Record People: Mark Nowaczewski, Sakara Ferebee join Street Commercial Real Estate Northern Nevada Business Weekly Tributes – part III: Giving credit where credit is due Institutional Real Estate, Inc. Turbulent times: A mixed picture in European real estate reveals signs of a changing market Institutional Real Estate, Inc. Real estate execs gave $400K to Cuomo’s PAC. NYC is suing them for building disrepair. - Gothamist How’s the Market? AI and real estate The Ukiah Daily Journal JLL announces senior leadership appointments Boston Real Estate Times Thriving in change: The value of a Realtor and top association Real Estate News by RealEstateNews.com When markets speak louder than politics: Real estate in an uncertain economy Rochester Business Journal NextGen Realty Opens Worcester Office to Meet Growing Demand for Central Massachusetts Housing Boston Real Estate Times TIM SCOTT REAL ESTATE - 82410 Caledonian Record Number crunching: How have top-down and bottom-up allocation strategies influenced real estate investment and performance during the past 40-odd years? Institutional Real Estate, Inc. Boston real estate firm expands into Worcester, opens Downtown office Worcester Business Journal Alexander Brothers Face More Sex Crimes, Including Against Underage Girl The New York Times AIM Media Texas Plans to Sell Real Estate Property to UTRGV Texas Border Business Form 253G2 Roots Real Estate Invest StreetInsider Shelter Island Reporter Real Estate Transfers: May 9, 2025 Shelter Island Reporter Gold tops stocks as second-favorite long-term investment, real estate still no. 1 - Gallup poll Seeking Alpha Sprinkman Real Estate Announces Expansion to Meet Rising Demand in Madison Housing Market openPR.com Amazon’s head of global real estate set to depart as company expands offices in major cities CoStar Israeli veteran's Cincinnati real estate empire collapses amid fraud allegations - WCPO 9 Cincinnati Southside regional real estate forum showcased highlights and challenges of growth Chatham Star-Tribune Suspect in Houston-area real estate agent's Downtown Dallas killing denied bond reduction FOX 4 News Dallas-Fort Worth See how the real estate market fared in New Caney, Porter in April Community Impact Residential urban inventories rise 22% in Jackson County, real estate data show - Rogue Valley Times LOCAL REAL ESTATE TODAY 5.9.25 KQEN News Radio Real estate news: Beckman Coulter campus in Brea up for sale ‘as-is’ Orange County Register Real estate transfers in Adams County from April 28 to May 2, 2025 Muddy River News 2 Northwest Arkansas commercial real estate companies merge Talk Business & Politics Welcome to Real Estate Friday! The Berkshire Edge A real-estate giant wants sellers to list their homes privately. Will homeowners benefit? MarketWatch Real estate transfers: 5/7 Toledo Blade Taylor Morrison CEO Sheryl Palmer on How Tariff Uncertainty Will Affect Real Estate Market cheddar.com JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE Bluefield Daily Telegraph Strong week for Ares Commercial Real Estate (NYSE:ACRE) shareholders doesn't alleviate pain of three-year loss simplywall.st Norway’s sovereign wealth fund appoints Knapp as global real estate head Private Equity Real Estate | PERE CHUCK SIMPSON/EXP REALTY - 82441 Caledonian Record Housing Supply Booms as Listings Surge to Highest Level Since 2019 Norada Real Estate Investments Real estate transactions The Tribune-Democrat Is It Harder to Buy a House Now Than 50 Years Ago? Norada Real Estate Investments |
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