If You Can’t Challenge These Common Self-Defeating Thoughts, You’re Not Ready to Invest

If You Can’t Challenge These Common Self-Defeating Thoughts, You’re Not Ready to Invest

2 min read
Marcus Maloney

Marcus Maloney is a value investor and portfolio holder of residential and commercial units. Marcus has been named the “Equity King” for his impressive ability to find real estate opportunities with massive amounts of equity.

Experience
Marcus, a high school dropout, went from G.E.D. to M.B.A. Although his education has a major impact on his investment philosophy, the real impact came from his upbringing.

Marcus thrives on completing successful transactions. As a young kid, his parents and grandparents faced many challenges; as a result, it made him think of ways he could help. His mother and grandmother were avid investors—not in the market but in people. Marcus was a recipient of those investments. And his early years were hard work growing up on a farm.

Marcus was a strategist at an early age. To relieve the burden of his family buying him clothes when it was time to return to school, he decided to make a small investment that paid big dividends. Marcus decided to purchase a small piglet at the beginning of summer, feed it until it became fat, and then sell it to a local farmers’ auction before the school year started. This was one of his first transactions and the beginning of his adventure of finding equity in every opportunity.

Marcus’ hard work continues today: He has completed over $3.3 million in wholesale transactions. Currently, Marcus is a licensed agent who wholesales virtually in multiple states while building his investment portfolio. Although wholesaling provides great money, he saw the opportunity to buy some of the deals he found and convert them into cash flowing rentals.

Marcus currently holds seven rentals, two of which are commercial units. He’s also done the unimaginable and purchased a school, which was converted to a daycare center. Again, he turns what is a marginal profit into a significant equity position. He leverages the equity by using the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to increase his portfolio without any money out of pocket.

Marcus has been featured on numerous podcasts, such as the Louisville Gal Podcast, the Best Real Estate Investing Advice Ever podcast, FlippingJunkie, and many others. He’s currently a featured blogger for BiggerPockets, the largest community of real estate investors in the world.

Along with completing transactions and working to build his portfolio, he provides mentorship to aspiring investors. This is done through one-on-one interactions and through his successful YouTube channel and blog.

Marcus does utilize his M.B.A. for more than real estate. As a consultant for a successful non-profit institution south of Chicago, he uses his expertise in the development of human capital. His philanthropic efforts help existing stakeholders develop in their capacity to serve those in need of assistance.

Education
Marcus completed his M.B.A. in 2011 from Olivet Nazarene University.

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There is a truth and reality that make this post really difficult to write. It’s because I have to admit something… I’m all over the place.

Does this come as a shock to you? It shouldn’t, and here’s why.

Let Me Explain

I had a complete awaking this past Sunday evening. I was watching The Potter’s House Live and Bishop T.D. Jakes was discussing the psychological stresses entrepreneurs face. There’s often a huge difference between what you see materialized in your life currently, and what your inner man sees for your future. If you’ve ever been in this position, it’s difficult. Honestly, it’s hard to pinpoint exactly what’s going on.

On one hand you’re talking faith and empowerment, believing you can accomplish anything. But on the other hand you’re frightened by what could be.

You’re thinking and saying things like, “I’m not going to let anything stop me from closing my first deal. I GOT THIS!”

And then in the next few moments you’re saying, “What am I doing wrong? I see others posting checks and closing deals. I don’t know what the hell I’m doing.”

Inside you, there are two voices; it seems like you’re stuck between two paradigms. You know you can do better, but doing better could cause you to fail.

This is the investor’s psychological dichotomy. You’re talking faith and fear at the same time.

Related: 5 Steps That Took Me From Scared Newbie to Accomplished Investor

Frustrated student behind the desk keeping hands on face

Indecision Must Die

I have to say, after listening to Bishop Jakes, it made me realize that most of us are stuck in indecision. Sometimes we listen to one voice and the next moment someone else is speaking to us. We believe we can solve the problem by doing nothing, but that creates more angst. You’re at the crossroads of moving into your destiny and purpose or staying in complacency.

Every entrepreneur has to face this junction in life—to play it safe or jump.

Those who jump are viewed as absurd. The people around them can’t believe they’re going to leave their corporate job. But those who don’t make the plunge live with the regrets of what could’ve been.

Then there are those who know they should make the jump, but they wrestle with self-doubt. Meanwhile, the indecision is killing their health, their relationships, and their finances.

When getting ready to make the leap, most have to contend with adversarial thoughts like these:

  • Am I doing the right thing?
  • What if I fail?
  • How will I pay my bills?
  • What do I do about medical benefits?
  • How will I prepare for retirement?
  • What will my spouse think?
  • How will I afford marketing if I don’t close a deal?

Related: 8 Real Estate Investing Myths That Hold Investors Back—Busted

If you’re not ready to challenge these thoughts and still jump despite not knowing all the answers, stay in your 9 to 5. Those willing to take the leap will jump without knowing all the details. You have to be a little bold to do that.

I’ve made a vow to myself that fear and procrastination will not stop me. To be an entrepreneur, you have to press toward what you know you can accomplish.

Silhouette of male on the mountain. Leadership Concept

Now That You Know, What’s Next?

I urge you to think BIG and dream BIGGER. Don’t let your mind talk you out of what you know is inside you.

If you find yourself dealing with the psychological dichotomy that’s so common among real estate investors, it’s OK.

In fact, let’s hear some of the thoughts you’re wrestling with! I’m sure you’re not the only one in the community facing these challenges. We can all work together to ease some of the internal struggles we all go through as entrepreneurs.

Can you relate? Want to talk about it? 

Let’s discuss in the comment section below.