Why Real Estate Investors Give Up - Part 3 of 4

For Part 1 of 4, click here.

I found this neat graphic on the internet (author credited in link). I wanted to adopt it to why real estate investors give up. Since there are a lot of points on this graphic, I'll cover 4 of them at a time.

Feel the World Owes them Something

Sometimes, people feel that they are entitled to success and so therefore, they shouldn't have to try very hard. Then success doesn't come and they give up.  For example, someone attended a guru course and paid a lot of money. Well, they paid a lot of money so the success should just come, right?  It's owed to them!  Well, that's not the way the world works.

Fear Failure More than Desire Success

I actually think this is one of the biggest causes why people quit.  I see so many people come onto the Bigger Pockets forums and are hyped up about one thing or another, be it buy and hold or flipping or whatever.  But then they read something about a mistake someone made, or how someone lost money, and they fear doing the same thing more than they desire the success they could have if they just stuck with it.

Never Visualize What is Possible

Take a burned out single family house.  Some investors would walk or run away from that property.  Others may visualize what would be possible with a property like that.  Maybe tear down the house and build new, some could take it down to the frame and rebuild, some would simply hollow it out and flip it to another investor, etc.  If you close your mind to something, you're quitting and never giving the possibilities a chance.

Feel they have Something to Lose

This reason is similar to the "fear failure" one.  Some newbies on the site really want to get into real estate investing with no money.  They are hyped up about this concept, but once they have to put their own money into the process, they fear losing it and therefore give up.  It's very easy to spend someone else's money but once you have something to lose it's easier to quit versus risk it.