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Real Estate Information |
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Stay Motivated With REI Till The Deal Comes
I know many investors step into the game of real estate investing with high hopes of landing the deal that will turn their financial situation around and yes some do and this is not for you - this is for the investors still looking for that first deal! The best way starting out in this business, staying motivated and sticking to real estate investing has to do with one big factor! Keep your JOB - Yes you may be "Just Over Broke" but real estate investing comes with no guarantees of doing a deal in 30, 90, or 120 days as a matter of fact deals come and they go. real estate investing has its good times and it's bad times! You need a source of income and without it the likely hood of failure will soon follow! Having a stable income is the number one goal to having financial well being and your mental and emotional well being also. How to stay motivated in this game of real estate investing until you succeed can be a process but in the end the benefits of a successful real estate business outweigh the time from beginning to success. So number one on my list to staying motivated is to have a stable income - you can do real estate investing part-time! We all have many demands placed on us from society, family, friends, work and our self that it can become vary confusing on the issue of priorities. With this said your number two goal to staying motivated is to get yourself organized in business and in your personal life as this helps in keeping control. Without organization, you will loose your sense of motivation and procrastination will set in to help you down the road of failure. It's all about balance. Balance in your life, balance in your job and balance with your real estate business and yes this is a challenge and the best way to get balance is cut out the clutter in life. Those wasted hours we all have in our daily life such as watching TV. Starting out in this game you will need to budget effetely and the best way to do this look for area's that you can cut expenses so that you can put the extra funds into your business. Great areas to cut are eating out, cable TV, dropping extra telephone features such as caller ID & call waiting. Look at it this way! According to the Bureau of Labor and Statistics, American households in 2003 spent an average of $3,129 on food at home and $2,211 on eating out. This amounts to $260.75, just cutting down and spend $100 a month eating out you would save $160.75 per month. The national average monthly cost of cable TV service and equipment in 2002 was $40.11 and the average for expanded basic service was $22.02 so cut back to expanded basic and save $18.09. Just with a cut back on the two items listed about you would save $189.77 per month or 2,227.24 per year for your business. It's not a home run but it can get you started. The average pre-foreclosure in the Midwest is only behind $2,700 so you save up for a year and learn how to do subject 2 investing you can acquire a property around a value of $160,000. By taking the simplest steps in life of stabilizing your current income, organization and budgeting in just a short time you can turn real estate investing into a reality. Therefore, my fellow investors decide what and how you want your life to be! Make a promise to yourself to achieve what you want real estate investing to do for you and concentrate on what's most important to you. Spend less and enjoy the simple things in life that do not cost and let real estate investing take you to the level of success you are seeking. This is just the beginning step of staying motivated as a real estate investor. Author of Getting Started in Real Estate Investing http://jmichaelrei.com/html/getting_started_.html "You will never do anything in this world without courage. It is the greatest quality of the mind next to honor." By Aristotle, Greek Philosopher John Michael
MORE RESOURCES: Rochester, N.Y.: A New Lens on the City of Kodak The New York Times The New Miami Gold Rush The New York Times Mark Zuckerberg Buys Newly Built $170 Million 'Billionaire Bunker' Mansion in Record-Breaking Deal Realtor.com Why Redfin may exclude WA properties from these new listings The Seattle Times Alumnus’ Commitment Establishes Tony Kepano Joint Center for Real Estate Georgia Institute of Technology A Gift That Goes ON&ON: Brownlees Invest in Texas Tech Real Estate Education - Texas Tech University A Gift That Goes ON&ON: Brownlees Invest in Texas Tech Real Estate Education Texas Tech University AI Impact on Operational Real Estate Cushman & Wakefield Buy, Sell or Hold Tight? Get Your Answers from the Experts at the Hampton Roads Real Estate Market Review & Forecast Old Dominion University What this spring means for buyers, sellers and real estate agents Inman Real Estate News Women in Real Estate Brunch this week in Chicago ABC7 Chicago See photos of this house for sale in East Falmouth Cape Cod Times Real Estate’s Power Players Take the Mic in NAR’s New Podcast National Association of REALTORS® Investor Intentions: LADWP outlines real estate pacing plan for 2026 Private Equity Real Estate | PERE Neatone of Saugatuck Commercial Real Estate represents Jersey Mike’s in multiple CT leases - NEREJ Alessandri expands real estate partnership Latin Lawyer AI Impact on Offices Commercial Real Estate Cushman & Wakefield George Carney's former Brockton home sells for $840K Enterprise News New Mexico commercial real estate officials, assessors eye working group after tax cap fails to advance Albuquerque Journal Some of Boston’s most expensive and treasured real estate is at risk of sinking and crumbling. facebook.com Former federal economist joins ASU to advance real estate research Arizona State University Faster permitting tops commercial real estate professionals’ local government wish list Albuquerque Journal Gallatin Valley, Big Sky real estate regains momentum Explore Big Sky Real estate investment groups gobble up more of the real estate pie Beloit Daily News Is Sarasota’s housing market slowing? What the latest report shows Sarasota Herald-Tribune Why lifestyle sponsorships matter more than ever in luxury real estate Inman Real Estate News Walker Realty aims for growth by joining John R. Wood Gulfshore Business Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $0.72 per Common Share for 1Q26 PR Newswire CT LIVE: Real Estate Week – Best Practices for Buying and Selling with CT Realtors NBC Connecticut Dallas real estate visionary Henry S. Miller III dies at 79 CultureMap Dallas Real Estate: February 16 to February 20 Newport This Week Planon Expands SAP Partnership to Deliver Intelligent Real Estate The National Law Review Some of Boston’s most expensive and treasured real estate is at risk of sinking and crumbling. facebook.com Solomon, Kushner Real Estate Announce Plan to Turn Pompidou Into Affordable Housing Jersey City Times NexPoint Real Estate Finance: Big Book Value Discount Provides Buyback Potential (NREF) Seeking Alpha Op-Ed: Messing with Gateway endangers the post-pandemic boom NJ Spotlight News Lisa Doverspike on Driving Growth Across Private Equity and Commercial Real Estate 24-7 Press Release Newswire Realty Income Announces Participation in Upcoming Citi 2026 Global Property CEO Conference PR Newswire Habi: Acquires Pulppo To Expand Leadership In Latin America’s Residential Real Estate Market Pulse 2.0 CENTURY 21 REAL ESTATE CELEBRATES NEXT GENERATION OF INDUSTRY LEADERS WITH 2025 The Next21 HONOREE LIST PR Newswire Why Good Real Estate Deals Are Failing in 2026 Passive Income MD Real Estate: Seven houses change hands in Columbia County Magnolia Reporter Forbes Global Properties Announces New Location, Honors 75 Years of Service of San Diego Area Firm RISMedia How this agent built a network for moms — and $100M business Inman Real Estate News Rochester real estate agency rebrands to Century 21 Apex Rochester Business Journal February 2026 Real Estate Sales The Georgetowner Midland County real estate sales for Feb. 17-27 Midland Daily News Investor Intentions: ART to double its real estate program in next five years Private Equity Real Estate | PERE Mandarin Oriental. What to know about new West Palm luxury condos The Palm Beach Post BOTTARI REAL ESTATE - Ad from 2026-03-03 Elko Daily Free Press BOTTARI REAL ESTATE - Ad from 2026-03-03 Elko Daily Free Press Between Security and Real Estate: A Changing Moment for Israel and the Diaspora The Times of Israel State-tribal wildlife area in Oregon stalls after timberland owner withdraws from deal Oregon Public Broadcasting - OPB In HelloNation, Real Estate Expert Ryan Lerwill of Rexburg, ID, Explains Down Payment Myths PR Newswire Real estate transactions sungazette.com Clarion Partners Real Estate Investment Fund (CPREX) Adds to Senior Housing Holdings with Acquisition in Franklin, TN Business Wire Berks burglary suspect accused of using online obits, real estate sites to pick targets Reading Eagle ALLIE BEAR REAL ESTATE - Ad from 2026-03-03 Elko Daily Free Press SIGNATURE REAL ESTATE GROUP/MARCELLA SYME - Ad from 2026-03-03 Elko Daily Free Press BOTTARI REAL ESTATE - Ad from 2026-03-03 Elko Daily Free Press In HelloNation, Real Estate Expert Beth Kitchen Highlights Mentor as One of the Best Places to Live PR Newswire Commercial Real Estate Acquisition Loan Program spotlight: Ready for the World Academy City of Philadelphia (.gov) |
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