Why only a Small Percentage of Investors are Successful Despite all the Knowledge Being Available?
If you are interested in real estate investing, you will find that help and guidance is available for every aspect of investing. From finance to rehab and from due diligence to negotiations, you can learn practically everything with the wealth of information available today. If you are ready to learn (and perhaps pay), you even have coaches and mentors available alongside a plethora of books and websites to master the techniques of real estate investing.
If this is indeed the case, why isn’t everyone who wishes to be a real estate investor a millionaire with a huge portfolio of properties? Why is it that a vast majority of new investors become disengaged and give up before ever getting started? Well, the answer lies in the wrong mindset. You can master all the skills required to be a successful investor but unless you have a matching mindset that tells you that you can do it, you will find that you are not able to put all those skills into practice.
Hard work and dedication are of course, necessary but if you do not have a positive attitude, your efforts will not come to fruition. If you believe you can, you can. On the other hand, if you think you cannot, you will eventually fail. This psychological insight applies to real estate investing in every sense of the word.
Two ways to make this principle of positive attitude work for you in real estate investing
Visualize your success- If you want to be rich and successful, you have to visualize doing things that successful investors do. Your thoughts have the potential to shape your reality. The powerful principle that works behind visualization is called the law of attraction. You can visualize yourself closing the deal for a 100-unit multifamily apartment or you can dream about having a passive six figure income in your bank account. You can stick photos of whatever you want to achieve on a whiteboard and see it daily to let your subconscious mind work over them.
Set goals to reach them- Visualization brings success only when you have goals in mind and act to fulfill them. If there is no action on your part, you cannot move towards your goals. Set goals that are specific, measurable, achievable, and time oriented.
With goals in front of you, you have a definite plan of action that will ultimately lead you towards success.
The Corporate Investor Podcast
Listen in to interviews with successful real estate investors who began investing while working full-time in the corporate world. Hear their tips, success stories, failures, and their best piece of advice on how you can become a successful real estate investor. Click Here to Listen!
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