First Rental Property

Who would have thought that a kid raised in the projects of Brooklyn, New York would accomplish the unthinkable?

With the release of his album, Blueprint 3, Jay-Zpassed the legendary Elvis Presley in number one albums sold. 

Blueprint 3 was the 11th album to hit number one for Jay-Z.

Over a year ago, I stood in The Air Canada Centre in Toronto Ontario Canada among 15,000+ fans listening to Jay-Z perform.

People that follow the Hip Hop music industry know that Jay-Z is one of the greatest rappers alive today.

The man has unbelievable musical talent. 

It was not his musical talent that struck me as the most impressive thing about him almost a year ago at the Air Canada Centre, however it was the message that he kept on repeating to this loyal fans in attendance.

 Jay-Z  is a true business man, and the message that he spread over a year ago was so powerful, it has stuck with me since

If you are a new or aspiring real estate investor, the message that Jay-Z was promoting applies directly to you. 

There were 3 simple statements that he shared during his concert in Toronto in late October of last year. 

I am going to share these three pieces of wisdom with you, and I will explain how you can use these insights to help you in your real estate investing career.

Three Pieces of Wisdom From Jay-Z

1) ALWAYS HAVE AMBITION

Jay-Z repeated this message over and over agin to his crowd.  He was repeating it so much, I could tell how passionate he was about trying to make people understand the importance of his statement. 

If you are someone just starting out investing in real estate, you need to have ambition.  Buying your first rental property is only the begining.  Ambition is required in order to get you to the stage in which you actuall end up purchasing your first rental property.  Many will stop after buying their first rental.  There is no problem with that.  However, there will be a few of you that decide that you want to keep on buying.  This is good news!  Every successful real estate investor first started off with only one property.  Everything beyond that point, depends a lot upon the ambition of the individual.  Are you committed to continue to buy rental properties, or will you stop once you have one rental property?  Again, if you stop at one, that is perfectly fine.  A question to ask yourself at this point is, where will your ambition take you?  If you chose to keep only one rental property, do you have an ambitions goal of paying off the mortgage on your rental property fast?  Or does your ambitious goal center around maximizing the cash flow on your rental property?  What ever your objective is, like Jay-Z so accurately put it, ALWAYS HAVE AMBITION. 

2) HAVE A DREAM AND NEVER LET ANYONE DESTROY YOUR DREAM

Take a moment and re-read the statement above and let it sink it. 

What an incredibly powerful statement this is.  There is no wonder why Jay-Z became the super successful business man that he is today.  As real estate investors, we need to adopt the same mindset that he has.

As an aspiring real estate investor, you will face many challenges during your real estate investing career.  One of these many challenges will be dealing with people that don’t like or don’t agree with what you are doing.  Often times these people are close friends and family members.  Intentionally or unintentionally people try to derail us from our real estate investing paths. They do this because real estate investing is something that they do not understand, however, they try to give us advice and direction as to what we should be doing.

Like Jay-Z says, have a dream.  Dream about real estate and dream about achieving all of your real estate goals.  Don’t let anyone get in the way of you achieving your goals. 

3) ANYONE HAS THE ABILITY TO OVERCOME OBSTACLES AND BECOME SUCCESSFUL, NO MATTER WHERE YOU ARE FROM, OR WHAT YOUR BACKGROUD IS. 

These are very wise words coming from someone who grew up in a situation in which the odds were stacked against him. 

How many of us hear people that we know continually giving excusing as to why they can’t do something? 

Like Jay-Z says, if a person has the belief that they can achieve something, they can do it.

People can get around any roadblock that is placed in front of them if they truly have the desire to do so. 

It doesn’t matter if someone is rich or poor, if they have a ‘fire in the belly’ and are committing to becoming successful, nothing will be able to stop them.

As an aspiring real estate investor, it is important that you take note of what Jay-Z is saying.  Listen to people that have achieved something in life that you want to achieve.  Listen to successful people.  The advice that Jay-Z has given can be applied directly to you as you embark upon your real estate investing career.

Never forget what “Jay-Z” so passionately wants to you know:

1) ALWAYS HAVE AMBITION

2) HAVE A DREAM AND NEVER LET ANYONE DESTROY YOUR DREAM

3) ANYONE HAS THE ABILITY TO OVERCOME OBSTACLES AND BECOME SUCCESSFUL, NO MATTER WHERE YOU ARE FROM, OR WHAT YOUR BACKGROUD IS.

Best Regards,

Neil Uttamsingh

PS: To keep up to date with my blog, enter your e-mail address on the LEFT hand side of the blog.  To receive The First Rental Property Newsletter, enter your e-mail address on the RIGHThand side of the blog.  In The First Rental Property Newsletter, experienced real estate investors will share with you how they purchased theirfirst rental property.  They will also share with you some tips and tricks to help you get started.