Hi Everyone,
I hope that you are all doing well.
I am trying to keep up with my catchy titles for my blog posts. What do you think about today’s? If you like it, Tweet the article now. I can usually tell if people like an article or not depending on the number of tweets. So if you like this one, Tweet away!
Like many of the topics I write about, today’s topic is quite simple. Simplicity is often overlooked though. I find that I don’t like to complicate things by talking about confusing real estate topics.
Rather, I like to focus on topics that are relevant to new and aspiring real estate investors.
Now for today’s topic…
One of the greatest mental battles that you will ever engage in with regards to real estate investing, will be the battle around dealing with CHANGE.
As with life, change is the only constant we can rely on when we are investing in real estate.
The extremely successful real estate investors are the ones who are able to embrace change, and not lose focus in the face of change.
Here is an examples to illustrate exactly what I am talking about…
- Throughout the course of a real estate investor’s career, the investor experiences many thoughts. There can be times in which the real estate investor could be very motivated to grow their real estate portfolio, and they do so by acquiring a number of properties. This could be their dominating thought at the time.
- Furthermore, during this same real estate investor’s career, there could come a time in which the real estate investor is no longer interested in acquiring any more properties. As such, they enter a ‘holding period’ in which they are simply managing the portfolio of rental properties, and have no desire to buy anymore properties.
What happens though if and when a real estate investor hits a slump? A slump in which they find that they are disinterested in real estate, and that they no longer want to invest in real estate?
What do they do now? What has changed?
Do they sell of their portfolio all together, and get out of real estate completely? Or do they just stick with it, despite the fact that they feel they have lost all of their interest in investing?
These seem like a bunch of questions a dummy would ask, don’t they?
Well my dear real estate investors, these are not dumb questions at all. These very questions go through the mind of many experienced real estate investors at some point.
How do I know this?
I know this because I have asked myself these very same questions.
The point I am trying to make is this…
When times change for us as real estate investors, and we feel that we are in a spot in which perhaps we don’t want to invest anymore, or perhaps we have lost interest in real estate investing, what do we do?
We keep on investing!
We keep on investing for 2 reasons:
1) The first reason is because as I mentioned above, change is the only constant we can rely on. As such, our levels of motivation with respect to investing in real estate may fluctuate…this is normal. One year, we may feel super motivated in invest, whereas the next year, we may want to quit investing in real estate all together. We know that we are going to have a changing attitude, as we go through life. Accept that this is normal, and persevere and continue to invest.
2) Reason number 2 as to why we keep on investing, despite our changing attitude is because all the successful real estate investors are the ones who persevere. If you give up and throw in the towel, plain and simple, you have given up. In order to be the best at your game…the real estate investing game, you have to keep on forging ahead. Giving up early is not going to benefit you. Accept the fact that your attitude towards real estate investing may change…however….
Don’t give up!!!
Best Regards,
Neil Uttamsingh
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