21 Jan You gotta go down to get Up
As some of you know, when I started in real estate I actually bought my first house using my credit card for the down payment (true story).
My wife and I were both working, and we’d just finished off paying off student loans, and wedding bills, etc, I was working at a J-O-B (just over broke) that I disliked to say the least and we were living in a little tiny apartment, so those were the circumstances and I figured since I didn’t have cash, I would use the one thing I had: Credit
But I pushed aside my fear and dove in….and that 1st deal opened up the door to a new discovery and I was able to buy 9 more houses that year with no money down.
But this post isn’t about me, it’s about you.
Have you been waiting months before to close your first or next deal?
If you’re a newbie, did you know there’s a greater chance of you quitting REI even before you see a single dime in profits?
Sad, but true.
But it’s what you do after the initial failure or series of failures that determines whether you’ll achieve your dreams of REI success or not.
We in the entrepreneur world call it the ‘failure olympics ‘
You see, to be successful in real estate you have to be, first and foremost, be relentless – and you need to persist even if everything seems to fall apart at every turn.
It’s almost like a ‘buy-in’ to the success club.
Because I will tell you, when I’m hanging out with my entrepreneur buddies, or attending a mastermind, we all have some incredible stories and phenomenal losses….
But guess what else we have?
===> More incredible stories of our successes.
So consider when you see a problem or obstacle come up, don’t back down.
View it as an opportunity to plow straight through it and don’t stop until you get what you want.
Yes, you’ll likely make a ton of mistakes so you better be willing to learn from them and not let them derail you to failure.
Because I can assure you, if you persist, you’ll also experience your share of victories so enjoy them as well for they’re the fruits of your labor.
And I assure you, that after you go through that first obstacle, there’ll be another one – and another and another.
It won’t stop.
Understand that this is what makes you great AND realize that this is part of the process of continually leveling up in Business.
The only difference between you and your favorite business guru is the number of obstacles you have under your belts.
Don’t dwell on excuses. Excuses are for losers.
You know deep inside you’re not a loser so set aside all those excuses –
“I don’t have money to get started”
“I don’t know what to do first and do next”
“I don’t have time to do it”
“I don’t have this or that blah-blah-blah”
All these are excuses and all these point to the fact that if you use them, you’re a loser.
Instead, start battling through the obstacles one step at a time.
No successful person became one without having tasted failure at one point in their lives. In fact, the greater the success, the bigger the failures they have battled against.
So don’t be stopped when you encounter failure along the way.
You’re just being groomed for success.
You just have to be relentless.