This morning I was reading a real estate blog which was scratching the surface on a topic that I find very interesting….why some folks do not get involved in real estate investing.
I am not talking about the average Joe, I am talking about folks who express an interest and invest some time into learning the business. If you are reading this blog then you fall into the category I am talking about.
Now I am sure that there are folks reading this who range from seasoned investor to someone who just started researching real estate investing this week.
If you happen to be reading this post and you are an experienced investor, please share your thoughts on this topic as it is a topic I plan on continuing to have an open conversation about for a long time.
The post I was reading earlier today talked about risk. Now there is risk involved in everything that you do every single day. From driving to work to eating peanuts (or any other food).
Let’s dive into the issue of risk a little bit. If you are looking at real estate as a vehicle to a better life for you and your family, you cannot afford not to take the risk. Have you ever heard of someone who worked a 9-5 for someone else who was able to live the life that you dream about? Sure there are folks who live very comfortably working a 9-5, but I have a feeling that you are looking for something a little different.
You want more out of your job then what your 9-5 can offer. That is why you are reading this blog right now!
And the only way that you will get what you want, if real estate is your vehicle of choice, is to take the plunge and get in the game.
That changes the fear of risk and turns the idea upside down. You cannot be afraid to take the risk associated with starting your own business and investing in real estate…rather, you should not take the risk of what will happen if you DO NOT get started investing!
There are a lot of things which are scary about investing in real estate. Much of which is fear of the unknown and fear of the uncomfortable.
I will let you in on a personal experience of my first real estate investment deal. I was scared out of my mind…I was a 21 year old college student who was buying a home from a middle aged family with kids. I was intimidated and I had one of the most uncomfortable feelings when I walked into the house to have the paperwork signed. But that feeling of being uncomfortable was quickly followed by one of the greatest feelings when I was walking out of the house with keys and a deed.
In order to be successful in anything, you will have to push yourself into uncharted territory and not be afraid to make mistakes. You will mess up from time to time but as you gain more experience, you will become more comfortable with the process. Over time, you will be able to change your life!
The risk and fear of investing in real estate will be cause for some of your best memories. In a few years you look back fondly on your experiences while sitting on the beach drinking a Pina-Colada!
Cheers,
~ Ross Treakle
I am an experienced investor and risk management is a big part of my recent success. About a year ago I was introduced to a guy who layed it all out for me. I was later invited to join a private site and it really acellerated my success.
Some people never get over the initial fear and intimidation of actually doing something. They analyze it to death. While that was part of my problem it wasn’t my biggest. My biggest was a jumped before really understanding the risks I did face while worrying about some that meant nothing. Again, it was Tim and the field guide that opened my eyes and helped me build a process that works for me.