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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: The modern real estate marketplace: A victim of its own success? RealEstateNews.com Why REIT ETFs Still Work as Real Estate Slumps Morningstar How Do Interest Rates Impact the Real Estate Market? Visual Capitalist Chinese real estate mogul revives empire with new ventures in US Financial Times Woman loses $2.2M in Dewey Beach real estate fraud scam The News Journal Here’s What Real Estate Pros Need to Do to Thrive in 2026 Tampa Bay Business & Wealth Real Estate Rebound? The 3X Play for Investors Betting on a Commercial Property Pivot The Motley Fool See photos of this house for sale in Barnstable Cape Cod Times Seaport Real Estate Celebrates 2025 Award Winners Savannah Magazine In HelloNation, Carmel, IN, Real Estate Expert Carrie Holle Shares Insights on Choosing the Right Agent Morningstar Premier Sotheby’s CEO, HT real estate columnist advances on power list Sarasota Herald-Tribune Real Estate Needs New Ways To Connect With The Tech World Inman Real Estate News Agents want more (and better) AI tools — and more training RealEstateNews.com Feeling Presidential: Real Estate's Biggest New Hires And Moves Inman Real Estate News Down payments dip, cash buyers retreat in shifting market RealEstateNews.com Leading AI transformation in real estate: The shift from traditional to agentic AI Inman Real Estate News Real Estate Expert Jillian Kemmerer Shares Insights on Home Value Estimates in Clarks Summit in HelloNation PR Newswire Commercial Real Estate Roundup for Feb. 13, 2026 Idaho Business Review A $2.2 Million Real Estate Wire Fraud at Dewey Beach The News Journal Consilium launches blended PI, D&O and crime policy for real estate Reinsurance News 10 most expensive homes sold in Lehigh County, Feb. 2-8 lehighvalleylive Residential real estate market off to a slower start this year The Grand Junction Daily Sentinel Why real estate needs a clear AI standard Inman Real Estate News East Cobb Real Estate: Wildwood townhouse sells for $530K East Cobb News Florida Trend Real Estate Florida Trend Gut-renovated house on Wells Road in Palm Beach brings $20.45 million Palm Beach Daily News The week's top commercial real estate transactions in Charlotte, Collier, Hillsborough, Lee, Manatee, Pasco, Pinellas, Polk, Sarasota Business Observer 10 most expensive homes sold in Northampton County, Feb. 2-8 lehighvalleylive Tri-Cities, Washington Luxury Real Estate Market Hits New Record of 85 Million-Dollar Home Sales in 2025 GlobeNewswire North Platte City Council to Consider Real Estate Sale, Street Equipment Purchase and Liquor License North Platte Post Completely revamped Swansea raised ranch sells for $800K: Weekly home sales - Fall River Herald News Completely revamped Swansea raised ranch sells for $800K: Weekly home sales Fall River Herald News North of Indy Noted TV Series Spotlights Indianapolis Real Estate and Lifestyle on REAL Shows Network PR Newswire Office real estate stocks tumble as AI disruption casualties in the stock market grow by the day CNBC Ilyce Glink: Consumer Price Index, real estate and AI WGN Radio 720 New Regional Retirement Professional Association in Santa Barbara Santa Barbara News-Press Paradise Valley estate sold by former Coyotes owner last year is back on market for $35M KTAR News 92.3 FM How the rich pass on their wealth. And how you can too MyNorthwest.com Central Mass. real estate transfers, Sunday, Feb. 15 Worcester Telegram Historic multi-family property sells for almost $800K: Weekly home sales Taunton Daily Gazette Berks County real estate transactions for Feb. 15 Reading Eagle Nationwide's 18-story Downtown office tower could become apartments The Columbus Dispatch MRED program set W. P. Carey grad up for career success Arizona State University Prices Jump as Venezuelans Abroad Consider Buying Property Back Home The New York Times The Best State Capital to Live In Is… Weekly Real Estate News Milwaukee-area home sales dropped 9.9% in January, report finds Milwaukee Journal Sentinel This is the lie that keeps agents broke: eXp's No. 1 team leader Inman Real Estate News 350K-sf industrial park underway in Houston Texas Real Estate Research Center Greensboro, get ready for sticker shock! Guliford County property tax assessment notices go out this week. wfmynews2.com Zillow predicts key real estate, housing market change thestreet.com Embattled Austin real estate titan Alan Staclup lashes out at fraud accusers Austin American-Statesman Sirius Real Estate Capital Increase Via ABO Orders Below GBP 1.02 Risk Missing,Says Bookrunner TradingView Cahill Announces Arrival of Real Estate and Digital Infrastructure Finance Partner Lisa Seifman in the Firm’s London Office FinancialContent Home is where the heart is Washington Blade As Chicago's office construction pipeline remains dry, $350 million office building opens in Fulton Market WBEZ Chicago The top 10 best US state capitals to live in New York Post Fort Worth real estate group’s mental health nonprofit rebrands to stand on its own Fort Worth Report GLPI acquires real estate assets of Bally’s Lincoln for $700 million Gaming Intelligence MOSI redevelopment plan shows mixed-use district, hotel Tampa Bay Business & Wealth Living Alone Carries Growing U.S. Housing Premium as Costs Outrun Paychecks The World Property Journal Austin housing market saw demand surge in January, report finds CultureMap Austin 2026: The Real EsÂtate Debt SuÂper-Cycle DWS Asset Management Sumitomo Forestry to Acquire Tri Pointe Homes in $4.5 Billion Deal Orange County Business Journal Southern Living picks Fredericksburg for charming 2026 Idea House CultureMap San Antonio AI Disruption Fears Slam Real Estate Brokers Yahoo Finance The AI Scare Trade: Why Real Estate and Wealth Giants are Seeing Billions Evaporate FinancialContent 247K-sf Dallas office tower sold Texas Real Estate Research Center |
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