Category: User Course Reviews
Educated Failures Wanted
January 5th, 2009We’re supposed to learn from our failings. If you had a failing yesterday and you’re still alive today, then everything must be okay. It’s a great human characteristic to bounce back. But, if you keep getting stuck on your failures and they come back to haunt you, read this article to understand what you should do.
Educated Failures Wanted
By: Janis Searcey
Failing is a part of life and it is very likely it can happen in any situation or in any business, especially real estate and I’ll explain why. But if you do fail, you can learn from it, and the world doesn’t end with one failure. You pick yourself up and try again.
There’s a hand-in-hand with failure, and that’s fear! Not only fear of failure but in real estate investing, your fear can be associated with the result of the high purchase and selling prices that are involved. Some transactions might result in thousands of dollars in profit, and this can be a scary thing when you are working with this much money, especially if you are unprepared or uneducated.
Education is the key! With a good education, real estate investing is a sure fire way to earn some serious cash, and is probably one of the most prolific careers available on planet earth.
If you have a good education in real estate investing, then you must do something with your education. It’s all about follow through. And if you have a good education and follow through, the failures will seem less overwhelming and come less often and the fear will eventually diminish.
The 3 things you probably won’t live without if you are determined to be a real estate investor are:
1. Failure – Count on some here and there
2. Fear – Comes naturally when you’re dealing with high ticket items
3. Education – Get the best
If you lack any of the above, it will be the lack of education that will stop your investing career in its tracks. There is just nothing better than an education, especially when your teachers have been there and done that. Real estate investing is, and will remain one of the most powerful wealth-building tools available to anyone willing to do their homework.
Because real estate investing is not an easy task, you need to be knowledgeable and be clear in dos and don’ts. Real estate investing can be the vehicle you’ll use to reach your financial destiny. So get involved and be ready for the ride of your life. This is one of the most attractive ways of making good money (that is if you do it correct). Moreover, it’s also a lot of fun.
What Real Estate Investing is not!
1. Easy – It takes work to learn the basic principles
2. A short term activity – You won’t get rich quickly
3. A one size fits all – Unless you have a clear strategy in mind, you are speculating not investing
What Real Estate Investing is!
1. Fun – This may never wear off
2. Simple – But not easy. There are basics principles to follow which makes it simple, but it takes work to learn the basics.
3. A business – You have to keep marketing and keep your leads coming in
Don’t take this business lightly. Many people begin buying properties without the information they need to be successful and then end up losing money or even going into huge amounts of debt from an investment gone wrong.
As a real estate investor, you need reliable people to work with, from agents to inspectors, contractors, banks, homeowners, title companies, insurance companies, and maybe the county records office. With everything on hand you'll end up getting the better side of the bargain.
Learn the basics and more from this 64 minute CD featuring Jassen Bowman with Stephannie:
* Cash flow versus equity
* Short term versus long term
* Improve your cash flow ... Creatively
* Renting property
* Negotiating to buy (your ability to negotiate can make or break a deal)
* Negotiating to sell
* Carrying back financing
* How and where to find the deals
* How and where to find motivated sellers
* Sell faster and smarter
* Refinancing to lower interest rates
* Doing repairs and maintaining property
* Know the rule of 72, calculating when a value will double
* The number of houses to become a millionaire in X years
* Pay off mortgages early as rents go up
* Which loans to pay off first ...? Interest rate or lowest balance?
* Know which income and expenses go up over time and which stay the same
* Buying twice as many houses as you need so you can sell half to pay off the remaining half
Includes access to members only password protected website with outline and supplemental information.
How To Make A Living And Build A Fortune In Real Estate Investing
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.