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In Life, and Real Estate Investing, Application is the Difference

by Marty Boardman on March 15, 2012 · 4 comments

  
real estate tools and application

There seems to be an app for just about everything these days.

With Cardio Trainer I can track how many miles I walk or run, calories burned, miles per hour and distance.

ColorNote is a digital Post-It app I use to keep track of my things to do.

doubleTwist converts my iTunes library to my Android phone and its sister app, AirSync, allows me to transfer the music wirelessly.

However, these applications are worthless if unapplied.

In other words, if I fail lace up my sneakers and get my heart rate up with a 5-mile run once in a while then Cardio Trainer is just taking up space on my phone’s internal hard drive.  Likewise, if I never complete my list of things to do what good is the ColorNote app?  And if I forget to import my REO Speedwagon Greatest Hits CD collection to iTunes I’ll have cheesy 80’s music to play with that nifty doubleTwist application.

I don’t need to tell you what an incredible resource BiggerPockets is for the novice to expert real estate investor.  There’s an abundance of information here, from fixing and flipping to buying and holding to deal analysis to property management to note buying.

But as my pastor likes to say, “Knowing the right things will not change your life.  Doing the right things does.”

Is your head full of unapplied real estate investment applications?  Maybe you have the cash and resources needed to do fix and flip but you haven’t done a deal yet.  Perhaps you’re ready to buy that first rental property but haven’t pulled the trigger.

What are you waiting for?

If you’re still not sure about flipping a house, or renting it out, then find someone that does in your market and ask for help.  Call a homeowner in foreclosure and offer to buy their house. Better yet, knock on their door.  Find a Realtor that works with real estate investors and ask them to help you find a deal on the multiple listing service.  Take action.  Get moving.  Do something.

The world is full of informed fools.  Application makes all the difference.

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{ 4 comments… read them below or add one }

Sharon Vornholt March 15, 2012 at 10:52 am

Marty –

Nothing happens without action. This is the piece that folks seem to forget about. I am doing a series of video interviews on my blog now called “Escaping the 9 to 5; How I Did It”. The stories are so inspiring.

So many of these real estate investors made great sacrifices to get where they are now, especially in the years they were working a full time job. Whether a person’s goal is to do real estate full time or keep the job and be a part time investor, I think listening to these stories will help them understand that there is a heck of a lot of work involved in success. Success is no accident. It almost always follows hard work.

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Michael Siekerka March 15, 2012 at 11:33 am

This posting reminds me of the sole quote I have on the wall of my cubicle (soon to be ex-cubicle):

“Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan ‘Press On’ has solved and always will solve the problems of the human race.” – Calvin Coolidge

To add my own twist to that, I’ve made a personal decree to no longer ask “Can we/I do _____”, the answer to that is pretty much always “Yes.” The question I now focus on is “How can I/we do _____”

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Gary Parker March 15, 2012 at 11:44 am

Stephen R Covey said, and I’m paraphrasing, successful people do all the stuff everyone else hates to do. He may have referenced that in his book from another source, not sure. If you can afford 50 letters a week do they go out without fail? Do you have a followup plan and stick to it? Great article Marty and I am so excited for J Scott’s & your workshop in Denver!

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Mike May 22, 2012 at 2:52 pm

Hey Marty – you are so right about taking action. Overcome those fears of los, and get moving. Also, have som handy apps like this one to help you get theer. Thanks for the tip, was looking for a few good apps for my coaching students to keep em organized. Thanks a bunch.

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