One common question many of you may have considered before in the past or even now. Is this really the right path for you? Let’s say you’ve decided and you’re sure you want to invest in real estate.
The next big question is, Why? Why is real estate investing?
Let me be frank with you because I’ve seen many new people that gave up within the first few months in this industry. It’s tough, It’s tiring and it does not show any mercy for the weak. If you do not have a clear reason why you’re doing it. You’re going burnout. The reason why I said so is that the “Why” you’re saying isn’t strong enough. If your “why” gives you the pump every single day, and no matter how much rejections you get you’re still pumping to get going forward, my friend you’re on your way to the top.
Often I hear wannabe investors say, “I want to get involved in real estate because it’s easy and it makes a lot of money.” Little do they know that this is also a job, and one that requires a lot of hard work. You won’t be sipping any margarita on a beach on a regular basis anytime soon. If you’re not mentally prepared for plenty of road blocks I would encourage you to just get a new job! There are other jobs out there because it’s not as easy as it seems.
It’s good if you’re doing it for the money but investing simply just to make money isn’t a good enough motivation, because there are days where you’re not going to make any money and there are days where you’re going to experience setbacks. It may be a month, a few months and maybe years. Are you really ready for this setback because it will happen? Which is why you need a reason beyond making money that’s substantial enough to motivate yourself to press on in the face of challenges.
Here is a list of things you can refer to and if any of the following things, you are able to relate to, you are making the right decision:
- You have a deep passion for it. You love to renovate or even design interiors for homeowners. To create an environment that is warm and welcoming to people. There needs to be a facet of real estate that you really enjoy.
- You’re determined to learn. Real estate investing may seem easy but it’s more than just selling a property. You need to constantly educate yourself on the latest trends, news and even locations to go to. The more you learn the better it is for you. But you need to understand this isn’t going to happen overnight, it takes a lot of time but eventually, you’ll be glad that you have a strong foundation that will bring you more deals.
- You’re committed to building wealth. And there certainly is a wealth-building factor to real estate. However, it’s not a sprint and there isn’t instant gratification. But over time real estate investing can create millions of dollars for you if you play your cards right, do the right thing, invest in the right properties.
You should have a clear picture now if real estate investing is really for you after reading this. If you’re still unsure and need more information about real estate, you can read up what strategy to use today in order for you to get more traffic.