Hello investing friend — JP here with a powerful mindset primer for you.
Well, after more than a dozen+ years in the real estate investing industry, I’ve met many, many investors — 100s, in fact — and in that time, I’ve seen some common lies — let’s call them limiting beliefs — that often get the best of people who are newer to the real estate world.
So, I want to share with you 4 of the most common limiting beliefs that I see holding back newer investors.
And… if you find that any of these resonate with you, which I think they will, pay attention to my counterpoint that you should use, which is the truth weapon that you can wield against those nasty limiting beliefs.
# 1 Limiting Belief: Deals are hard to come by!
Truth: Deals are abundant!
So, deals are abundant to the real estate investor who dedicates him/herself to a continuing education. Since getting started, I’ve never stopped consuming investing information through podcasts, books, courses, and seminars.
If you plan on becoming a player in the field… being a serious student is the only path. Even after doing over 50 deals, I sought out a coach who could take me to the next level. And that is what they did!
Check it out — here are some of the different types of deals that I’ve structured in the past couple years:
- cash deals financed through private investors and hard money lenders
- subject-to
- owner financing
- short sales
- working out repayment plans into buying subject-to
- probate
- bankruptcy
- used my own credit through traditional banks and other people’s credit
…you get the point!
If I had just learned how to do short sales and stopped there, what a limited set of tools I would have in the investing arena. Shameful.
With the arsenal of tools and techniques that I have learned and mastered, I can create deals from situations that most investors cannot.
Even if you don’t quite have the education to back you up yet, instill this belief and it WILL actualize itself.
#2: Limiting Belief: Good deal funding is scarce!
Truth: The money is eagerly awaiting your call!
Many beginning investors get hung up on the financing portion of getting a deal done. What you MUST realize is that: Good deals get financed!
If you contract a good deal, there is a simple formula to use… if you have asked 10 people to finance your deal and have gotten “No” 10 times… do you give up?
Heck no!
Yes, getting started is not easy, but it is simple if you just follow proven principles. In my first year of investing, we offered a woman $112K for her house and had no clue where we would get the money if she accepted…
BUT, we knew that it would be an incredible deal if she went for it. And she did!
So, what ended up happening you might ask? We went knocking on doors at different real estate companies until we came across a player. Somebody who knew a good deal when they saw one. We have continued a relationship with him today and still do some deals together. BOOM!
#3: Limiting Belief: Sellers are hard to convince.
Truth: Motivated sellers need your help!
We, as professional investors, provide a useful service. A service that cannot be matched by how traditional real estate is bought and sold. If you need to sell your house within 2 weeks and know for a fact that it will close, you call somebody like us.
People experience situations in life where money is oftentimes not the #1 factor with their decision to sell their house… it is typically all about stress. Financial stress, marital stress, occupational stress, etc.
We bring peace of mind to a motivated homeowner by making cash offers with quick closings.
#4: Limiting Belief: I’m not sure I can really do this!
Truth: You can do it!
If you do not have the belief — the knowing within — that you can be successful investing in real estate, then it will NEVER happen. You will unknowingly sabotage your own success.
Look around!
There are people who have started out with no background in real estate, no contacts, no money, and no credit… and have accumulated vast fortunes in real estate.
The key to getting started is action!
Remember Newton’s first law of motion: “An object at rest tends to stay at rest, and an object in motion tends to stay in motion.”
So…
Make that first phone call!
Make that first offer!
Make today the day that you put procrastination to bed!
Take action and watch the momentum carry you to real estate riches!