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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: Ryan Serhant exposes America’s new real estate reality and the biggest housing shift in 50 years Fox Business Landlords turned to a home loan hack to make their investment dreams come true. Now it's backfiring. Business Insider MI Dream Home: Backyard is Bloomfield Hills Country Club The Detroit News Realtor: North, South Hills real estate markets have more similarities than you'd think TribLIVE.com Real estate firm Battle Monument Group buys new HQ in Shockoe Slip Richmond BizSense Business Journal celebrates Best Real Estate Deals The Business Journals GTA Online: A Safehouse in the Hills Coming December 10 Rockstar Games Master of Real Estate Development Webinar UCLA Luskin Weather risk data taken off popular real-estate website Dakota News Now Bank Regulations and Commercial Real Estate | US Cushman & Wakefield McColly Real Estate Holiday Open House 2025 GreatNews.Life OT Real Estate Spotlight of the Week: 2091 Pebble Wood Drive The Owensboro Times What will ‘never go away’ as AI spreads through real estate RealEstateNews.com Wildfire Risk And Flood Risk As Shrouded Residential Real Estate Attributes? Hoover Institution Joe Morris, big-box developer and giant of New Jersey commercial real estate, dies at age 81 - RE-NJ News | Bellevue-based Sterling Realty hires real estate executive to fill new leadership role CoStar Real estate agent showing a property finds skeletal remains, sheriff says - San Antonio Express-News Real estate agent showing a property finds skeletal remains, sheriff says San Antonio Express-News Retailers Are Snatching Up Real Estate Again - WSJ The Wall Street Journal Economists expect ‘a reset’ for housing in 2026, ‘not a rebound’ RealEstateNews.com Weather risk data taken off popular real-estate website Dakota News Now Schottenstein Real Estate sells 252 acres in Madison County for $82M The Columbus Dispatch Reality TV and real estate: Ryan Serhant is building an empire Greenville Online Investor Intentions: IPERS looks for new real estate managers in 2026 Private Equity Real Estate | PERE Pinellas Beaches Real Estate Dec. 1-5 The Gabber Newspaper Data Over Drama: Market Trends 2026 to discuss what’s next for Florida’s real estate market on March 12 Priority Marketing Dec. 1-4 Gulfport Real Estate Sales The Gabber Newspaper Mamdani’s plan to let tent cities take over NYC could batter real estate market: industry leaders New York Post Boca Raton Real Estate Leader Keith O’Donnell Dies at 74 Boca Raton Magazine Markets Cool In November: Real Estate Takes The Lead Seeking Alpha Dawson County weekly real estate transactions, Dec. 5 Central Nebraska Today Top Real Estate Agents in Michigan for 2025 gritdaily.com Well-Earned Mean-Reversion Continues In Real Estate Seeking Alpha Commercial Real Estate Is Getting Too Cheap to Ignore The Wall Street Journal Top 10 real estate companies in Arizona AZ Big Media DC Magazines Top Luxury Real Estate Leaders Celebration Modern Luxury Sculptor Capital Closes $4.6B Real Estate Fund, Exceeding Target by $1.6B Commercial Observer EG Real Estate: 5 New Listings & 5 Sold Properties East Greenwich News Alexandria Slashes Dividend 45%, Signaling Continued Slowdown in Life Sciences Real Estate Boston Real Estate Times Hospitales MAC Expands Medical Real Estate Portfolio Mexico Business News The Ten: Private listings in the spotlight — and the courtroom RealEstateNews.com Alexandria Real Estate Equities: It's Not The Dividend Cut, It's The Debt Load (ARE) - Seeking Alpha Chacanias joins Flaster Greenberg as counsel in real estate, land use and environmental departments ROI-NJ Waterfront Sarasota home hits market for $26.4 million Sarasota Herald-Tribune Rochester stands out in a calcifying real estate market Rochester Business Journal How Real Is the Drama on Real Estate Shows? 'Owning Manhattan' Star Genesis Suero Tells Us TODAY.com German real estate firm Aventos sells planned data center site in Berlin to Tristan Capital Partners Data Center Dynamics Newmark Expands in Europe With Acquisition of Catella Valuation Advisory in Paris Boston Real Estate Times Will Boise-area home sellers finally have to ‘play nice’ with buyers in ‘26? - Idaho Statesman LOCAL REAL ESTATE TODAY 12.5.25 KQEN News Radio Solano Real Estate Scene: Make a list, check it twice Daily Republic County Sees Mixed Real Estate Sales Franklin Observer Austin's retail market is solid for landlords but cracks are beginning to show The Business Journals Ryan Joseph Servatius: The Go-To Authority for Southwest Michigan's Luxury and Resort Real Estate gritdaily.com Abu Dhabi’s Aldar and Mubadala to launch $1B Gulf real estate fund https-//www.semafor.com REAL Shows Network Launches New National TV Platform for Real Estate and Lifestyle Storytelling PR Newswire McColly Real Estate Holiday Open House 2025 GreatNews.Life The Pipeline: Commercial real estate roundup for 12.5.25 Richmond BizSense Top Real Estate Agents in Ontario for 2025 gritdaily.com Top Real Estate Agents in Alberta for 2025 gritdaily.com Real estate sales in Jefferson, Bullitt and Oldham counties, May 19-25, 2025 The Courier-Journal |
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