The
Mind of the Real Estate Investor
by Bruce Ford
Myself and many others are living proof that by
changing your mental and physical habits, you can build your wealth.
This mini-course focuses on changing or fine-tuning your mental habits
and attitudes toward real estate investment so that you can profit at
will. It's about getting your mindset right.
By mindset, I mean your way of looking at, and
approaching your real estate investment business. This includes the way
you perceive your business. It also includes what you allow to impress
and intimidate you, also what challenges and excites you.
Note: This article is the introductory session in
a soon to be released mini-course entitled “The Mind of the Real Estate
Investor” and the full course will soon be available to Rehab Real
Estate Central (http://www.rehab-real-estate.com) newsletter
subscribers. This course will be a free service of Rehab Real Estate
Central.
Why bother with “mindset?”
Simple. Because the cost of NOT adjusting your
mindset is outrageously expensive (in opportunity loss)! If your mind
isn't conditioned to think like a wealth-building investor, you are
like a sailor paddling around in a boat with holes in it. If you bail
water quickly enough, you'll keep it afloat, but you will eventually
tire…and sink!
ALL money-making endeavors begin with a thought.
They are all ideas born in the mind of an investor. Some have more and
better ideas than others. Why is that? Are some minds better
conditioned than others? I say "yes!"
In our society there is often resistance to
conditioning one's mind, but nobody thinks a thing about going for a
jog, or hitting the gym to condition their body. Does that make sense?
If you walk the entrepreneurial path, mental conditioning is central to
your business.
The six concepts that I will unfold in this course
are powerful weapons of the mind. If you condition your mind to these
concepts will make you a lot of money, and you will KEEP making a lot
of money.
Simply put, if you don't develop, and then fine
tune your mindset you will either:
- Never quite get around to investing in real
estate (if you have not yet begun) and forfeit the wealth you want to
attain for you and your family.
- Never quite get where you want to go in your
investing (if you are already investing), and forfeit the wealth you
intended to attain for you and your family.
You see, a lot of people have enough knowledge to
invest in real estate. Far fewer DO it. Why is that? Because far fewer
have bothered to develop the mindset that conquers fear and other
hurdles to investing in real estate. Frankly, it doesn't matter how
much knowledge you possess about investing in real estate, you WON'T do
it if you haven't conditioned yourself to think like and investor.
Usually I write and teach practical matters of
rehab real estate investing, but for this course, I'm breaking from
that in favor of talking about what you can do to adjust your
thinking…change the way your mind works. Since the investing won't be
successful without a properly conditioned mind, it can be considered
the most important aspect of learning to be a real estate investor!
Mindset is the foundation of real estate
investment. In other words, if it's not solid, you cannot invest
successfully. I don't know how to put it any plain-er.
I've known scores of folks who have WANTED to
invest in real estate. These are usually acquaintances who find out
somehow that I invest in rehab real estate. Invariable I here, “I've
thought about doing that.” Sometimes I hear “I looked into that.”
Sometimes they proceed to ask questions, but I find that most of the
time the next word after the previous phrase is “…but” and then I hear
an excuse.
These excuses range from “I couldn't find any
property” to “the numbers scared me” to “I couldn't get a mortgage.”
What I'm thinking to myself is “these excuses have
solutions, but they don't yet have the mindset to overcome these
relatively minor hurdles.” In fact, unless someone ASKS me for specific
advice on overcoming these hurdles, I don't offer advice. That's not
because I don't want them to succeed! It's because their mindset is not
yet right.
Let me tell you where I'm coming from on this
topic.
My mindset was screwed up for 10 years! I was a
real estate guru junkie! For a decaded I consumed every book about real
estate investing on the market, attended seminars, and bought courses.
I had “book knowledge” running out of my ears with ZERO property.
Finally, one day I realized that I was about to
“retire” from the Navy, I REALLY didn't want to get a job, and my
family still liked to eat! I changed my mindset, and put thoughts into
action. The rest is history. What changed? Not my knowledge! My way of
thinking changed.
Facing the end of my Navy career was the catalyst
that got me started. If you haven't started, there IS a catalyst in
your life, you only need to find it and capitalize on it. Are you
satisfied in your job? Want more time with family? Want more disposable
income? Want to build your retirement savings? This list could get
long!
This course is aimed at helping you capitalize on
your action catalyst by developing your real estate investor mindset.
For those that are already investing, this course
will serve to fine-tune your mindset to make you more profitable. The
VERY SAME mindset ideas that make people launch successful real estate
investment careers are the ones that keep investors successful over
their real estate investing careers, be it 2 years or 20.
Let's get started!
Bruce W. Ford is the editor of Rehab-Real-Estate.com. Get
his important Special Report entitled "12
Things Real Estate Investment Gurus Won't Tell You" at Rehab-Real-Estate.com.
Bruce Ford may be contacted at http://www.Rehab-Real-Estate.com
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