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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: How real estate commission changes could affect buyers and sellers The Washington Post Judge Approves $418 Million Settlement That Will Change Real Estate Commissions - The New York Times Collins: The changes in the real estate industry you need to know - San José Spotlight San José Spotlight Real estate experts share a message for home buyers as they predict rising home prices through 2025 Fox Business Blackstone's Beleaguered Real-Estate Fund Stems Exodus The Wall Street Journal reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Yahoo Finance $5 billion real estate firm St. John Properties opens office in Plano The Dallas Morning News The Top 3 Real Estate Stocks to Buy in April 2024 InvestorPlace Philly Real Estate: Baker Townhouse vs. Trumbauer Estate Philadelphia magazine Oregonian seeks a housing and real estate reporter Talking Biz News Galvanize Real Estate Acquires First Asset in Pioneering Profitable Decarbonization Strategy Morningstar NJ real estate: Weehawken home by Hamilton-Burr duel site listed NorthJersey.com Solano Real Estate Scene: Back road to downtown Suisun City Fairfield Daily Republic The Pipeline: Commercial real estate roundup for 4.26.24 RichmondBizSense LIBN announces Real Estate, Architecture & Engineering Awards winners Long Island Business News Real estate transfers: 3 Stark County homes sell for $500000 or more Canton Repository Real estate mogul Grant Cardone shares 3 money 'habits' that he says helped him achieve 'financial freedom' Yahoo Finance Solano Real Estate Transactions: April 26, 2024 | Solano Business | dailyrepublic.com Fairfield Daily Republic Reversing the Real-Estate Doom Loop Is Possible. 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The Wall Street Journal New Jersey DOI mulls $250m commitment to Bain real estate fund IPE Real Assets Ryan Cos. brings on exec to lead health-care real estate efforts across Southeast - Triad Business Journal The Business Journals Alliance home sells for more than $400,000 The-review The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It The Wall Street Journal Welcome to Real Estate Friday! theberkshireedge.com Danielle Lombardo Appointed as Chair of Real Estate, Hospitality, and Leisure Division at WTW - Risk & Insurance Workers Comp Forum Richland County OH real estate transactions, April 15-19, 2024 Mansfield News Journal Seattle DJC.com local business news and data - Real Estate - CBRE sells 186 Renton units for over $53M Seattle Daily Journal of Commerce Vainshtein joins Metrowest Commercial Real Estate : NEREJ New England Real Estate Journal Online See the latest Coles County real estate transactions Journal Gazette / Times-Courier Top 23 real estate apps for agents in 2024 HousingWire This weekend's Open Houses in Altadena and beyond! The Eastsider RI real estate transactions: What homes sold, for how much and to whom The Providence Journal The Superior Nature of Industrial Real Estate on 495 - by David Skinner New England Real Estate Journal Online Just $5.4B in U.S. Office Real Estate Sales in Q1: Report Commercial Observer Margot Spera Joins Alliant Specialty as Senior Vice President in Real Estate & Hospitality Division - Risk & Insurance Workers Comp Forum Fresno real estate spat's solution was in the works. Then one party's demise The Business Journal REAL ESTATE | Spring Storewide Sale underway at General Store Antique Mall in Kewaskum, WI washingtoncountyinsider.com A+ Real Estate: See How Much It Costs To Buy a Home in the Nation's Top 10 School Districts Realtor.com News Real Estate Broker Sentenced for Embezzlement, Faces $2 Million in Fines and Restitution Santa Barbara Edhat Echo Real Estate Completes 676 KSF Phoenix Campus - Commercial Property Executive Commercial Property Executive Downtown commercial property fallout not as bad as people think, Kaegi says Crain's Chicago Business Rockford Is Now America's Top Housing Market After an Improbable Turnaround The Wall Street Journal Real Estate Forecast Next 5 Years: Steady Growth or Price Correction? Norada Real Estate Investments A Recent Settlement Could Change the Way Real Estate Agents Are Paid Milwaukee Magazine Where the Newest NFL Stars Are Moving: Which City Has the Best Real Estate Prospects for 2024's Top Ballers? Realtor.com News Homes for sale at record high prices Crain's Chicago Business Manhattan Real Estate Update: "Embrace the Boredom" westsiderag.com Galvanize Real Estate Acquires First Asset in Pioneering Profitable Decarbonization Strategy Chronicle-Tribune Pinnacle Real Estate Advisors Brokers Sale of 24-Unit Multifamily Property in Wheat Ridge, Colorado REBusinessOnline reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Business Wire Homes for Sale in Manhattan and Queens The New York Times National Association of Realtors' $418M settlement approved by judge, bringing changes to homebuying process Chicago Sun-Times Coima selected for €500m Intesa Sanpaolo real estate mandate IPE Real Assets Ask The Expert: Vienna shares updates on real estate relationships, fees Niagara Frontier Publications Law Firm Real Estate Report Law360 real estate market and insurance Sacramento Appraisal Blog Echo Real Estate Capital, LGE Complete 676176 SF Industrial Project in Glendale, Arizona REBusinessOnline Real Estate Roundup: 'The Cove' in Hume sells for nearly $19M and more Fauquier County transactions Fauquier Now JWB Real Estate Companies Announced 2024 Home Giveaway FirstCoastNews.com WTLV-WJXX Yo La Tengo, Real Estate and more to perform at Woodsist Festival in Accord in September The Daily Freeman Austin real estate: Fund launched to help affordable housing projects The Business Journals Jason Rustand: Uncovering the truth of real estate myths The Leduc Rep 4 bedroom, 5 bath, 1 stone turret home lists at $4.2 million | Real Estate | postandcourier.com The Post and Courier Cohome Launches Innovative Fractional Ownership Marketplace to Transform Real Estate Investment for Retail ... 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