Let’s face it. We all compare ourselves to each other in one way or another and we’re usually our toughest critic. We’re hard on ourselves and sometimes, we forget to acknowledge the small successes.
We all have a few quotes that impact us and hit close to home. Those short sayings that you live by and remind you to be the best version of yourself.
Below, we included 6 quotes that can be impactful for a real estate investor, both personally and professionally.
Creating opportunities means looking where others are not. – Mark Cuban
This is so true when it comes to real estate investing.
If you’re getting the same list as everyone else, you’re wasting money and time.
Most investors go for the lowest hanging fruit. Sure, they might not get as many deals, but their level of effort was low.
It’s the investors who take the time and find leads that others aren’t routinely getting that can set you apart from the rest and lower the amount of competition.
Sometimes, this means getting out there and requesting a list from the county that you can only get if you go in person.
Other times, it could mean driving around and finding distressed properties that aren’t (yet) on any list that other investors are buying.
Get creative. Don’t always follow the easiest path.
If you can find your small niche that works for you, go with it and optimize the opportunity that you earned!
We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons. – Jim Rohn
Discipline is hard.
In the world today, we’re used to taking the easy road and it can be painful to be truly disciplined.
With discipline, though, once you break through the pain, you’ll be proud and in control.
It’s a temporary pain that has a positive outcome in the end.
It might be painful to say “no” to so many deals that you’d like to get your hands on, but you know the numbers don’t make work. It takes discipline to stick to your formulas and not go above the amount you’re comfortable with.
This discipline, while hard at the time, will save you from loss in the long run.
With regret, this is a pain you live with long-term. It isn’t a simple fix most of the time and it can be a mental struggle to work through the regret and become accepting of the decision you made.
Having regrets can keep you from moving forward in business and in life. This is why when you’re facing an important decision, weighing the pros and cons is crucial so that you don’t ultimately regret your decision.
Coaching is unlocking a person’s potential to maximize their growth. – John Whitmore
Whitmore’s quote hits close to home when you’re discussing real estate investing masterminds and coaching programs from active investors.
While you might be very successful in your business, getting insight and ideas from someone else can skyrocket your business. We hear it time and time again about investors taking one small strategy, implementing it in their business, and coming back a few months later with massive results.
Sometime, you just need to hear it from someone else.
We all know how powerful investing can be. No matter how many deals you do though, there will always be more to learn and new strategies to try.
Time is the most valuable asset you don’t own. – Mark Cuban
Most of us start off in this business as a one-man team, and at best, you might have a partner in it with you. This means you wear many hats and it can be time consuming at first.
The most successful investors, though, realize how valuable their time is and once they’re able to get out of their own way and hire help, they are able to focus on the most important aspects of the business and it thrives.
You have to be honest with yourself that you aren’t the best at everything.
Let that sink in.
You are probably really good at a few areas of the business but most investors who are good at acquisitions probably aren’t the best in bookkeeping.
Train your team well and empower them.
If you do this, you’ll gain more of your time back to spend it on family, friends, and the most important parts of your business.
The last thing you want to do is to run yourself ragged and waste valuable years of your life that weren’t enjoyed.
Real estate investing is the vehicle to bring you financial freedom and freedom of time, if done right.
It isn’t what the book costs. It’s what it will cost you if you don’t read it. – Jim Rohn
This example reminds me of a couple who went through our coaching program.
They realized that, yes, they could figure out real estate investing on their own, but at what cost?
Would it have taken them 1 year to get their first deal?
Then they thought about how many deals they could do within that same timeframe, if they were given the steps on how to get started and had someone guiding them through their first deals.
They did 10+ deals in their first year.
Do you think they would have done that by figuring it out on their own? Maybe in their 2nd or 3rd year of business. Possibly.
Realizing that sometimes you need that assistance, whether it be coaching, mentorship, online video training, books, etc., having that help can push you closer to success much quicker than if you tried to figure it out as you go.
Invest in yourself and your future.
If you want to conquer fear, don’t sit home and think about it. Go out and get busy. – Dale Carnegie
Not knowing what to do first or how to take action is a paralyzing fear that a lot of potential investors have.
There isn’t a rulebook on the steps to successfully getting your first deal. This fact is scary for most people and they let that fear get in the way of their dreams.
You have to decide if fear is going to win or if you’re going to take action and start moving forward.
Your first steps don’t have to be big.
Order business cards for your business.
Set up a business entity.
Start visiting REIA clubs.
Look at houses that look distressed when you’re going through town.
Keep taking small steps forward, ask questions from those who have been in your shoes, and don’t give up!
Set goals and create small milestones and celebrate your progress.