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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: Visualizing China’s Real Estate Market Downturn Visual Capitalist Looking past NAR drama to the heart of Hanna’s success Real Estate News by RealEstateNews.com Erie County real estate transactions Buffalo News $1 Million Homes in Finland The New York Times N.J. just raised the ‘mansion tax’ on high-value property sales. Here’s what to know. Inquirer.com Where Does Bruno Mars Live? Examining the Singer’s Real Estate Portfolio Architectural Digest Restaurant Real Estate: July 2025 Portland Food Map 5 real estate law trends to watch in Arizona AZ Big Media Adventurous real estate developer Craig Smith was a ‘man’s man’ who loved golf, fishing The Baltimore Banner Shelter Island Reporter Real estate Transfers: July 6, 2025 Shelter Island Reporter REAL ESTATE | Remember when | Hidden treasures fell from the rafters at the West Bend Train Depot Washington County Insider Detroit sues blockchain real estate firm that owns rentals with hundreds of violations Detroit Free Press Real Estate Investing: 5 Ways to Get Started NerdWallet A Potential Mamdani Mayorship Strikes Fear in the Real Estate Industry The New York Times 'Married To Real Estate' Canceled After Four Seasons On HGTV, Say Hosts Egypt Sherrod & Mike Jackson Deadline The most expensive homes sold in Jefferson County (June 9-20) The Business Journals Active real estate listings rise in Washington Nonstop Local News Senate Passes Tax Bill With Major Wins for Real Estate National Association of REALTORS® Man accused of posing as real estate agent in South Miami given $1.2 million bond NBC 6 South Florida Real Estate Property Transfers Spring Hill for June 9, 2025 Williamson Source Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by IFM Investors Pty Ltd - MarketBeat NAR Secures Real Estate Wins in Tax Reform Bill | Florida Realtors The Real Estate Market Needs Geo-Political Stability to Thrive—Especially in New York Rockland County Business Journal Today’s Mortgage Rates July 6, 2025: Persistent Stability in 30-Year FRM and 15-Year FRM Norada Real Estate Investments Active real estate listings rise in Washington Nonstop Local News Fully leased South Jersey shopping center sells for $8.5 million The Business Journals 15-Year Mortgage Rate Forecast for the Next 5 Years: 2025-2029 Norada Real Estate Investments Historic 106-year-old Clermont County retreat hits market for $1.25M The Business Journals 'Keep it moving': HGTV cancels TV show hosted by Georgia couple after 4 seasons Savannah Morning News Shlichus Isn’t Real Estate Anash.org $7.4M mansion with waterfront views on 3 sides is Houston area's priciest sale of the week (PHOTOS) The Business Journals ‘Our agents are our brand’: Why Estate Properties chose independence Real Estate News by RealEstateNews.com Nashville man, 22, makes up to $90K/month day trading — now he tells Ramsey Show he’s ready to try real estate Yahoo Finance New teams at Real, C21; veteran agent joins Engel & Völkers Real Estate News by RealEstateNews.com Rock Island and Henry County real estate transactions for June 29, 2025 The Quad-City Times Indies flex their muscle as the big brokerages get bigger Real Estate News by RealEstateNews.com Detroit sues cryptocurrency-based real estate firm to correct hundreds of property violations The Detroit News 7 Morning Digest: Detroit sues crypto real estate company, community ice cream truck & more WXYZ Channel 7 Celebrity Agent Sues National Association of Realtors Over House Listings The New York Times Hyatt Announces Agreement to Sell Playa’s Owned Real Estate Portfolio to Tortuga for $2.0 Billion Hyatt Newsroom Triangle homes sitting on the market longer, why a real estate agent says it’s about perspective WRAL.com The Big Beautiful Bill and what it means for commercial real estate Orange County Register Manhattan Real Estate Market Report: 2Q 2025 Inhabit by Corcoran Building and Real Estate Update The New Falcon Herald The All-Cash Luxury Real Estate Surge: Where Undervalued Markets Are Hiding the Next Growth Spurts AInvest The dreaded Zillow ban is finally here. Here's what you can do Business Insider |
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