What do you really think of when you hear the term “real estate”? Do these words evoke images of luxurious dream homes and expensive cars, the fruits of wealth through successful investments? Do infomercials come to mind that promise the life of your dreams? Or does real estate remind you of today’s headlines, with words like “crisis” dominating the discussion?
The truth is, no matter what the market is, confident and skillful real estate investors will continue to make money. However, for anyone considering going into the real estate business, or for those wanting to step up their game, the question is not how well you can do in a bear market. The real question is: Do you think you can be a successful real estate investor? Do you know that you could become a millionaire in 3 years by working less than 15 hours a week?
When it comes down to it, every human being has fears that hold us back, fears so innate within us that we are barely aware of how much they control our decisions. I know, because for 12 long years, I did nothing about my dream of becoming a real estate investor. I decided not to pursue something that I was passionate about because following in my father’s footsteps seemed like the most “logical” option. Why take risks in real estate when you can get a job with a steady salary?
Instead, I had followed my father’s path step by step through corporate America, earning several promotions at a steel manufacturing company. Within three years of starting, the company’s profits increased eightfold. He was earning a great salary and had what seemed like a bright future ahead of him.
That is, until life gave me a clue that there really is no certainty. My father, after giving 33 years of his life to the same company he had always worked for, was DISMISSED. That hit me hard, it had mirrored his career almost exactly. If something like that could happen to him, it sure could happen to me too. What I learned at the time is that anything you do in life can be risky, especially if it involves putting your financial future in the hands of someone else.
If your chances are the same, why not take action toward the things that would really excite you in life, the things that you know will bring you happiness, wealth, and freedom?
When I was 18 and dreamed of a career in real estate, but I didn’t do anything about it, I said all kinds of things to myself; the same kinds of things people say to themselves today: “This won’t work for me. It may work for them, but it will never work for me. The market is too tough. Prices are going down. How would I sell? No I am good enough. I will not succeed, I will look foolish and embarrassed if I try this and fail. “
It took me 12 years to find the courage to do it. And for the next 13 years after that, I studied with successful millionaire mentors, used all kinds of buy and sell strategies, and have bought and sold more than 300 homes during the rising and falling markets. For those who know something about real estate, the so-called “crisis” can often indicate a moment of opportunity. You just need to overcome the fear factor and learn the most effective strategies to buy and sell (as well as when to apply them).
There are still many reasons why real estate investing is a viable way to earn tons of money and live a better quality of life. You still get more financial leverage than you would with other types of investments. You can be your own boss and create your own schedule. In fact, I became a millionaire in less than three years through real estate investing, working less than 15 hours per week while working full time. Imagine what anyone can do if they spend more time on it. I have narrowed down the process of developing a turnkey real estate business into five key steps of real estate investing, including:
- Effective marketing that attracts motivated salespeople to call you.
- Pre-screen vendors so that you only spend your time working on qualified leads.
- Buying and Selling Strategies: Build and submit offers to buy homes, all six of which do not require our own money or credit.
- Automated tracking system for potential clients that may have potential in the future.
- Sell your houses quickly.
Many people have turned to this industry as a full-time career, earning millions of dollars in the process, including myself. Real estate investing is potentially the most rewarding option that provides excellent returns on your investments of time and energy, and the freedom and satisfaction of turning your dreams into reality.