What Will You do for Success in Real Estate?

by | BiggerPockets.com

This past week got me thinking about everything that it has taken for me to get to where I am today.  This thought was spurred by a decision I had to make, whether to work or have fun? I had to choose whether to rock out to one of my favorite musical artists performing live at SXSW here in Austin, TX, or keep my word to a seller and meet with her and discuss a potentially great mobile home opportunity.

Over the past eight years I have spent real estate investing I have had to make countless decisions of whether to work towards success or “enjoy the moment” and play with my friends.  We all have these daily dilemmas.  I personally may still have a 9-5 job if I had chosen to play more in the past, instead of working so hard.  On the other hand, any one of us could be further ahead today if we had spent more time working and less time playing, relaxing or enjoying down time.

Whether you choose to work in your free time, by hanging bandit signs, writing offers, driving for dollars and writing letters to out of state owners, or you choose to relax when you are away from the job and continue playing in your Monday night softball league, seeing movies and going to beach, the choice is solely up to you.  There is no right or wrong answer here.  Only you can choose what you will do for success.

You have probably guessed by now that I choose to take the ‘higher road’ and keep my appointment with the seller.  My rational, “You can’t steal in slow motion.”  As I write this article the seller and I are still negotiating price and terms for the acquisition of her property.    Whether I get the property under contract or not is irrelevant.  If I do secure the mobile home I have the opportunity to make thousands of dollars.  If we do not make a deal, I have made my next decision easier.

Whenever we make a decision – whether positive or negative – to our well being, we are reinforcing a certain ideal.  On a daily basis, we are presented with forks in the road to our success.  If you take the road that leads to work, you are telling yourself that you believe in your future and your ability to succeed.  The next time you are presented with this choice the decision will be a little easier.  Conversely, if you choose a beach weekend instead of working on your real estate business you are telling yourself that playing is more important than your real estate success.

Whether you are unemployed or work three jobs, the down time you have is spent doing something.  You must use this time away from your traditional employment to work towards succeeding in real estate this year.

The topic of this article can be described in countless ways: drive, determination, dedication, ambition etc.  I will paraphrase what the late Jack Miller once told me about what a person who needs to succeed in real estate and surpass their competition, must do; be willing to dedicate the next 5 years to working when everyone else is at home watching television and enjoying their idle time.

“Work today when others won’t, to live tomorrow like others can’t.”

– J. fed

Photo: sacks08

About Author

John Fedro

Investing since 2002, John started in real estate accidentally with a 4-bedroom mobile home inside of a pre-existing mobile home park. Over the next 11 months, John added 10 more mobile homes to his cash-flowing portfolio. Since these early years, John has gone on to help 150+ sellers and buyers sell their unwanted mobile homes and obtain a safe and affordable manufactured home of their own. Years later, John keeps to what has been successful—buying, fixing, renting, and reselling affordable housing known as mobile homes. John shares his stories, experiences, lessons, and some of the stories of other successful mobile home investors he helps on his blog and YouTube channeland has written over 300 articles concerning mobile homes and mobile home investing for the BiggerPockets Blog. He has also been a featured podcast guest here and on other prominent real estate podcasts, authored a highly-rated book aimed at increasing the happiness/satisfaction of average real estate investors, and spoken to national and international audiences concerning the opportunities and practicality of successfully investing in mobile homes.

2 Comments

  1. J-Fed,

    I couldn’t agree with you more.

    The final quote that you have in your article…

    “Work today when others won’t, to live tomorrow like others can’t.”

    …sums up I believe how many of us reading this feel.

    A very thought provoking article indeed.

    Onwards and Upwards!

    Neil.

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