Are You Losing “Hope” in Real Estate?

1 min read
Glenn Espinosa Read More

When starting your real estate investing career, getting into the right mindset is a vital first step. A lot of new investors fail to do this and I’ve seen it hinder progress on more than a handful of situations. It’s a matter of transitioning from “hoping” to actively “doing”. There is no room for hope in real estate. Let me show you what I mean.

I see it everyday in the “Starting Out” Forum on BiggerPockets. A new investor will introduce themselves and their post may have variations of the following:

  • One day I want to try marketing to…
  • I would like to be a wholesaler…
  • I hope to become a successful flipper…

Notice a theme? All these new investors are hoping, dreaming, praying that real estate success finds them. They are passively entering the world of real estate whether they realize it or not. Look – it doesn’t matter if you’re just starting out, we’ve all been there. The important part is to stop day dreaming about success and instead spend your time actively creating it.

Motivate yourself and become accountable for your actions by changing just a few words in your vocabulary.

  • This week I am marketing to…
  • I am a wholesaler actively looking for my first deal…
  • By this time next year I will be a successful flipper…

Notice the difference? The above phrases take hope and dreams out of the equation. Accountability is created and by saying the above you create internal motivation to accomplish the tasks. You become active in your real estate journey. By doing so you create the right mindset needed to succeed in this field.

Maybe more importantly, you let others know that you’re serious and that you are taking steps to achieving success. I don’t know about you but I don’t work with hopers and dreamers. I only spend time with “doers.”

So what do you think? Are you ready to commit to your success? Stop hoping for it, create it!
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When starting your real estate investing career, getting into the right mindset is a vital first step. A lot of new investors fail to do this and I’ve seen it […]