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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: What to ask your real estate agent about water in Colorado The Colorado Sun Real estate expert warns homebuyers about added expenses they ‘absolutely do not need’ Fox Business America’s Renters Are Moving Less Than Ever, With a Third Staying in the Same Home for at Least 5 Years Redfin News A Look at Real Estate in New York City in 2024 The New York Times The 25 best books for real estate agents in 2025 HousingWire BUSINESS PEOPLE: Leaders in commercial real estate share knowledge at B2B event Sarasota Herald-Tribune 2025 Luxury Real Estate Outlook Mansion Global Jacksonville's commercial real estate market eyes stability in 2025 as sectors adjust to new realities The Business Journals REAL ESTATE | Associated Bank in Slinger closing January 31, 2025 – property sold washingtoncountyinsider.com 2025 M&A Outlook: AI, Real Estate and Professional Services Mergers & Acquisitions Richmond Times-Dispatch seeks housing and real estate reporter Talking Biz News Transwestern Real Estate services negotiates 15,452-square-foot office lease in Schaumburg REjournals.com Top Las Vegas Raiders real estate deals for 2024 — PHOTOS Las Vegas Review-Journal In wealthy Boca and Delray, the rich are getting richer - where does that leave the rest? Palm Beach Post Today’s Mortgage Rates Fall Slightly: Insights for December 30, 2024 Norada Real Estate Investments The View | 3 trends to watch in Asian real estate in 2025 South China Morning Post Find out the top commercial real estate deal in the Lehigh Valley for 2024. Hint: it wasn’t a warehouse The Morning Call Wells Fargo economists see promising signs for CRE in 2025 The Business Journals Stellar Outperforms Top Cryptos, But This Rival Real Estate Token Lightchain AI Gears Up for 32,000% Growth Coinspeaker Ireland Home Prices Spike 9 Percent in 2024 The World Property Journal Falling rates could revive WNY's sluggish real estate market The Business Journals What $4 Million Buys You in California The New York Times Murray H. Goodman, Lehigh Valley shopping center developer and Lehigh University alum, dies at 99 The Morning Call The highs and lows of commercial real estate in 2024: Bay Area offices, hotels and apartments falter, but tech deals offer hope The Mercury News This historic home in Davenport offers Italian Villa Revival style for $1.2 million Des Moines Register Trend of posh retailers buying property could continue in 2025 Crain's New York Business Tomporous Dumpsters Awarded for Being the Best Dumpster Rental Service in Flint by Michigan’s Largest Real PR Underground 10 most expensive homes sold in Elyria, Dec. 23-29 cleveland.com 10 most expensive homes sold in Mentor, Dec. 16-29 cleveland.com 10 biggest commercial real estate deals in Arizona in 2024 Arizona Big Media Trendspotting: Wellness Real Estate Hospitality Design Real Estate Miami Today Real estate transactions — Dec. 19-25 Steamboat Pilot & Today See all homes sold in Carbon County, Dec. 23 to Dec. 29 lehighvalleylive.com See all homes sold in North Royalton, Dec. 23 to Dec. 29 cleveland.com Duplex in Boston sells for $4.2 million MassLive.com What's in store for Chicago's housing market in 2025 Crain's Chicago Business Duplex in Dorchester Center sells for $999,999 MassLive.com How much did the 10 most expensive homes sell for in Sherburne the week of Dec. 23? - St. Cloud Live Condominium sells in Boston for $1.3 million MassLive.com A Look Back: Lessons learned about home improvement in 2024 (Part 1) | At Home with Marni Sarasota Herald-Tribune Sonoma County real estate: Why it’s a good time to buy in Healdsburg The Santa Rosa Press Democrat Report: Michael Jordan’s Highland Park mansion purchased by north suburban commercial real estate executive WGN TV Chicago How much did the six most expensive homes sell for in Waite Park the week of Dec. 23? St. Cloud Live Hope On The Horizon : Real Estate Market Gears for Change Cointribune EN These were the most expensive Milwaukee-area homes sold in 2024 The Business Journals |
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