QUOTE OF THE WEEK
“If you really look closely, most overnight successes were years in the making.”
– Steve Jobs –
As I was reading posts in some of the real estate groups I belong to on Facebook this week, I realized that it’s just as important to know what “not” to do when becoming a real estate investor as it is to know “what” to do. So, I decided to dedicate this newsletter to that subject.
It saddens me to hear the horror stories of those who learn their lessons too late, after the fact, and lose a lot of time and money. Years ago, I was one of those people. That’s one of the reason’s I’m doing this newsletter. I want to help others avoid the mistakes I’ve made. Sometimes, when you’re stubborn and bull-headed (a-hem!), the only way you can learn is through trial and error. If you stay in this business, you’ll get plenty of that anyway, but you don’t have to bulldoze your way through every wall when you can walk through some doors. I hope by doing this newsletter, I can provide one of those doors for you.
In my Inspiration Corner this week, I just wanted to share with you what I’ve been spending a lot of time researching lately and that’s understanding manifestation. It’s something that’s been a part of my spiritual practice for a while but I’ve just been gaining more insight in to it lately so I wanted to share that with you.
Last but not least, please support our Partners here on the page so that we can continue sharing these insights with you.
Without further adieu, enjoy the read!
Lena W. Claybon
So, once you have identified general trends in the value of homes, and are pretty good at spotting undervalued homes, you want to determine what investment strategy best fits your financial goals.
It also helps to know the difference between a “buyer’s market” and a “seller’s market”. Knowing “when” to buy is key if you really want to be successful in real estate investing.
Don’t worry, you don’t need to be a financial genius, however you need to be disciplined and know your budget from the onset, or you may end up way over your head in renovations or upgrades that may break your budget. It’s always smart, also, to add at least a 10% contingency because things do and always will go over budget. As long as you plan for it, you should be ok.
- Focus on where you are going and what you want, not on where you are and what you have
- Talk about your life as if you already have what you want
- Release your attachment to the “thing” you want
We live in a Universe of abundance, although many view it as a Universe of scarcity. You can learn skills to activate this power through these Laws to achieve wealth, financial freedom, and success. When you learn to take control of your thoughts, and use your mental powers in the right way, you will start manifesting your desires like a master!