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Posted almost 8 years ago

Overcoming the Fears That Hold New Real Estate Investors Back

As a new and inexperienced real estate investor, you may find that you experience fear and apprehension as a regular part of your daily life. Real estate investing can be risky and this can stop even some of the most talented people in the world from pursuing their dreams in the industry. Some people are afraid of experiencing failure, some are afraid of losing money and some are afraid that by making the jump to real estate investing, they will lose their career. While these fears are understandable, there is a way to push through them and achieve the success that you know you deserve.

First, let’s delve into exactly why careers in real estate investing cause people so much fear, even if they are passionate about the process. Many people assume that with time or effort, this fear will go away, but it is actually somewhat involuntary. The brain perceives new activities and concepts as risks. Therefore a new career or a new investment opportunity will be perceived by the brain as a risk, no matter how great of an opportunity it is. The first step towards pushing through your fears is to acknowledge that they are not going to go away. Even for an experienced real estate investor, dealing with your fears are still a big part of working in the industry - and that is okay. By acknowledging your fears and working in spite of them, instead of against them, you will be able to make much more progress than if you choose to spend all of your energy on making the fear go away. So when you feel that fear coming on, don’t ask yourself “how can I get rid of this?”, but instead say “what can I do to take the next step?” Make concrete plans and set outcomes you plan to achieve. Like setting up meetings or working with a mentor, will get you a lot farther than trying to figure out how to get your fear to go away.

There are a few different approaches you can take to pushing through your fears and start working. The first is to visualize an outcome for yourself that gets you so excited that it completely trumps all of the fears that you have. This outcome might be purely financial or it might involve having a successful and exciting career that enables you to enjoy more of what you love in life. Whatever your outcome is, it should be so exciting that not even your worst fears could stop you from pursuing it. You should be so thrilled by the idea of achieving this outcome that you don’t just want to start working hard, you need to.

If outcome visualization doesn’t work for you, the other option is to let your dissatisfaction or your anger with your current life circumstances motivate you to push forward towards a successful real estate investing career. Maybe you don’t like your current job or don’t feel like you earn enough money or maybe you’d like to live somewhere else and own a nicer house or car. No matter what you are dissatisfied with, you can use those emotions to help motivate you to push forward with your career in real estate investment. Many people discount these feelings that they have, feeling like they need to push through them in order to be successful, but in fact, it’s these human emotions that are the most powerful motivational tools of all! When you start feeling angry, let it fuel your fire and get you started on your investing dreams.

Once you have identified what motivates you, you can start to take steps towards your real estate investing dreams without fear holding you back. Opening your mind up to bigger possibilities will allow great things to come to you, because your positive energy will help make that happen. Other people are attracted to those with an open mind and an energetic disposition, so let everyone you meet see just how passionate you are about making your dreams a reality.

Don’t settle for just ‘’average” - keep striving to reach the things you’ve always dreamed of. 



Comments (4)

  1. Here is the link to my online calendar where you can schedule a time to talk at your convenience. Look forward to talking to you.

    http://www.meetme.so/robertsyfert

    Robert


  2. Hi Astrid,

    I am happy to hear that you found this motivating and appreciate your comment.

    It is unfortunate that you have spent all your money with no results. I would like to extend to you a free call with me for 30 min to possibly help you with a plan to get to your outcome desired.

    Robert


    1. Thanks Robert

      I would really appreciate it.


  3. Thank you so much for your insight Robert. This is exactly where I am finding myself at after 9 months of putting in offers on homes and being turned down every time. I read all the blogs and follow the advise given but so far without any positive results. 

    I am remote wholesaler from New Zealand and have invested a lot of my savings in a training program. and am, to be very honest, not able to pay for anymore education/tools/mentoring.

    I know I need a mentor, to help me,but as said, just can't afford it. neither meetups here to newtork and get private lender on board. The same goes for hiring a property inspector/contractor.My goal is to be my own boss and be financially secure and I know it doesn't come easy, but am at a loss Using the 70% rule as per advise, deducting repair cost from ARV, minus assignment fee = MAO to seller. MAO to buyer is ARV x 70% minus repair cost. I am estimating repair cost by looking at pics, and using scale of minimum $10/sqft fo(minor repairs, $15 - $20/sgt for bad and $25 - $30/sqft for really bad as per advise/suggestion. So find that even if the house is Priced for $127,000, but using comps from various sites ARV comes up as $99,500 - repairs cost maybe down to $54,000.it is a no-go.

    Thanks again for your motivation Robert.

    Astrid