Investors: Be Careful of Misplaced Motivation!I’m sure many of you have heard the cliche’ saying, practice makes perfect.It’s a great saying, but sorry to say, is 100% wrong. I don’t remember where or how long ago, but I remember someone telling me that which caused the “huh?!?!” type expression on my face.This person then said, perfect practice makes perfect.After soaking it in, things finally clicked, “Ahhhhhh! That makes sense.” What benefit is the practice if you aren’t … [Read more...]
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Investors: Be Careful of Misplaced Motivation!
Filed Under: News Tagged With: ahhhhhh, bad deals, bigger pockets, careful, cognition, contractors, employment, experimental psychology, flipping, getting started, human behavior, investment property, investor, Investor Psychology, landlord, misplace, motivation, my motivation, perfect practice makes perfect, real estate, Real Estate Investing, real estate investing career, rental, reo, setting goals, wholesaling, your motivation
How to Get Poor Quickly Real Estate Investing: A Walk Through a BAD Deal
How to Get Poor Quickly Real Estate Investing: A Walk Through a BAD DealI got a call out of the blue the other day. It was a real estate investor whom I’d never met before. She had seen one of my listings on the same street where she had just put a contract on a home, which was a foreclosure. I knew the home and I knew what it would sell for, but I never considered purchasing it myself because I knew there were many owner occupiers that were bidding on it and it would not be obtainable at a … [Read more...]
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