{"id":38451,"date":"2013-02-26T14:05:01","date_gmt":"2013-02-26T21:05:01","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=38451"},"modified":"2024-05-29T06:43:17","modified_gmt":"2024-05-29T12:43:17","slug":"2013-02-26-why-wont-you-quit","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2013-02-26-why-wont-you-quit","title":{"rendered":"The Real Secret in Real Estate Investing Is …"},"content":{"rendered":"

BiggerPockets.com<\/a> exists as a ground-floor resource center, a \u201chow to\u201d relative to all things real estate investing and, in the opinion of this author, BiggerPockets proves its\u2019 worth every day of the week.\u00a0 Amazingly enough, not only does BP attract beginners who browse for hours, days, and weeks never running out of stuff to learn, but BiggerPockets also attracts seasoned investors, a lot of whom have forgotten more about REI and deal-making than Ben Leybovich will ever know \u2013 and I know a few things.<\/p>\n

We Never Talk About This\u2026<\/h2>\n

One topic, however, does not seem to get enough play, here or anywhere else for that matter.\u00a0 This is understandable as this particular subject is difficult to talk about and not very \u201csexy\u201d; it is a bit more \u201cliberal arts\u201d than what is customary.\u00a0 In my opinion, however, this particular subheading is one of the most important, and while I do not particularly enjoy the responsibility of breaking this news to you, it has to be done because it\u2019s the God\u2019s honest truth and you should know it. Here’s the secret:<\/p>\n

Real state investing really SUCKS from time to time!<\/strong>
\nSucks is really not the right word, but for fear of upsetting your sensibilities I can\u2019t use the word that I really want to use.\u00a0 Just think the opposite of glamorous, fabulous, genteel, pleasant, fun, sensible, and easy, and you\u2019ll begin to get close to what I am thinking.\u00a0 However you define it, the point is that those of you that have been in this sport for a while have likely wanted to quit on more than one occasion \u2013 just admit it.\u00a0 While those who are just now coming into the game WILL feel like quitting many times before you succeed \u2013 I guarantee!\u00a0 Real estate investing<\/a> is a full-contact sport.\u00a0 We get beat up!\u00a0 So the question is very simple:<\/p>\n

When you get knocked down and you want nothing more than to just quit, why is it that you won\u2019t?<\/p>\n

Life Happens Whether We are Ready or Not!<\/h2>\n

To jump-start this conversation, allow me to give you an abbreviated version of my story.\u00a0 I\u2019ve played the violin from the ripe old age of five.\u00a0 For as long as I can remember, there was never any question in my mind as to what I was going to do with my life \u2013 I am a musician.\u00a0 But, when I was in the first year of my Master Degree program at the University of Cincinnati College-Conservatory of Music, I discovered that I have Multiple Sclerosis (MS), which is an auto-immune disease that I was told would substantially inhibit my capacity to control my physiology as time went on \u2013 the time-frame was – and still is – the big unknown.<\/p>\n

When the dust settled and I began thinking rationally again, I realized that not knowing how long I would have full use of my body for meant that my path in life would have to be substantially different from most.\u00a0 In terms of my financial life, it became apparent that I could not rely on a 9 to 5 job to get me to my retirement as most people do \u2013 it would be difficult to provide labor and services without my body\u2019s cooperation.\u00a0 I did a lot of research, and eventually arrived at real estate as the best chance for me to achieve my objectives.<\/p>\n

I\u2019ve done all right, though I\u2019ll be the first to admit that the jury is still out on whether or not I will fully achieve my goals.\u00a0 But I can tell you this \u2013 I get up every morning grateful that my body still works as it should (for the most part), and I try like hell\u2026<\/p>\n

I Can\u2019t Afford to Fail.<\/h2>\n

I\u2019ve made it my goal to earn enough passive cash flow by way of long-term real estate investments so that I wouldn\u2019t have to have a job. I am certainly not alone in wanting to achieve this goal.\u00a0 The difference, though, is that for most folks failure simply means having to go back to their 9 to 5.\u00a0 They may not like it, but it is a back-up plan.\u00a0 On the other hand, while I\u2019ve been lucky thus far and the disease has spared me to a large extent, this may not be the case tomorrow.\u00a0 I just don\u2019t know, and that\u2019s the point.\u00a0 And since I can\u2019t responsibly rely on earned income until I am sixty-eight and retired, I must<\/strong> succeed in my REI endeavor.\u00a0 As they say in poker \u2013 I am all in.\u00a0 There is no plan B for me.\u00a0 My wife and kids need to be provided for.\u00a0 I can\u2019t fail!<\/p>\n

I consider myself fortunate.\u00a0 Life, by forcing my hand, has taken the possibility of failure off the table for me.\u00a0 Succeed I must and succeed I will.\u00a0 Most people reading this, however, must travel a much more difficult path.\u00a0 You must make a conscious choice<\/em> not to accept failure!\u00a0 This is very difficult indeed, and I am proud of each and every one of you who takes this plunge.<\/p>\n

One thing I\u2019ll tell you here and now:\u00a0 You won\u2019t do it for money.\u00a0 There must be something else that moves you; something much more important than money!<\/p>\n

\u201cSuccess consists of going from failure to failure without loss of enthusiasm.\u201d<\/p>\n

~ Winston Churchill<\/i><\/p>\n<\/blockquote>\n

So, I ask again: Why are YOU going to succeed?\u00a0 When everything turns to crud and when you feel like a miserable failure, why is it that you will go on without \u201closs of enthusiasm\u201d?<\/p>\n

What is your WHY?<\/em><\/p>\n

You can learn everything that there is to know about the mechanics of real estate investing, but you will not succeed unless you can find the strength to hang on\u2026<\/strong><\/p>\n

Thoughts?
\nPhoto: pedrosimoes7<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

BiggerPockets.com exists as a ground-floor resource center, a \u201chow to\u201d relative to all things real estate investing and, in the opinion of this author, BiggerPockets proves its\u2019 worth every day […]<\/p>\n","protected":false},"author":810,"featured_media":169820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4241],"tags":[],"class_list":["post-38451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-business-management"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/38451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/810"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=38451"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/38451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/169820"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=38451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=38451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=38451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}