What made you successful?

Question

I have a question for  investors who started off dead broke (I mean no money to even advertise) and became successful. 
What are some of the things that made you successful or what was the 1 thing that really got you over the hump?

Thanks for sharing

Michael

Bill Gulley · Answer

Long, long ago, I got a divorce and what little money I had was tied up. I had to borrow $35.00 for my business license ! I started my mortgage brokerage in a real estate office, as an in-house origination center. I leased the office based on the business originated with furniture provided by the broker. And the first thing I bought from the broker was a used IMB Selectric typewriter! (That should tell you how long ago that was, lol) So, it was my second or third time around and basically, started off in the whole, not from just nothing!

The one single contributor to my success was education. Education was what opened the doors. Hitting 7 figures in assets took determination, endurance and persistance.
With a military background, I often told myself that this was war and I had a mission that it was actually a fight for the life I wanted or economic death. I won my war!

And, as Charles points out, there are different types of success, financial success, social and personal accomplishments. Each will be different for everyone, I'm very lucky to have achievd all of these, at east to the extent of having very few regrets. Maybe that's the real goal, he who ends with the fewest regrets wins!

Account Closed · Answer

For me part of it has been learning who to listen to and who to ignore.  I have also found that education, determination and doing what you love to do go along ways to producing success.

Success means something different to almost everyone.  For me I know that I have been successful when I have attained the resources necessary to retire comfortably for the remainder of my life.  My wife and I are there, but we have both discovered that we enjoy investing and working for ourselves.

Joel Owens · Answer

I am a commercial real estate broker as well as an investor.

I would say what has made me successful is the WILL to never QUIT.

When I get on a workout machine I go for an hour doing cardio.Most will do 15 minutes,some  30,a few 45,hardly any will go 60.

When I run a marathon my mind wants to quit before the body but I push on.The last part of finishing takes the most mental toughness and a will not to quit.

You will need this skill in real estate.Making a deal happen will be like being on a roller coaster with many highs and lows.It has taken me a year to close a deal before.

When I was assembling land deals I had to talk to the owners sometimes 50 times and it took 6 months to agree to terms and get under contract for the developer I was working with.

It will take a lot of time and blood,sweat and tears in the beginning but it will build toughness and character.

Remember if it was easy anyone would do it.Their is competition in EVERYTHING you do.You have to find something you enjoy and then strive everyday to be the best at it.

Work it like a business and constantly gain more knowledge and develop systems to maximize your time.

When I close a hard deal that takes a long time I get a great satisfaction that I made a deal work that many would have just quit on.

Aaron Mazzrillo · Answer

Going to a lot of content driven seminars. Not wasting my money on BS coaching/mentoring programs. Finding investors more successful than me, asking questions, then closing my mouth and listening. And, the most important point of all, is only listening to active investors who do deals in my market.

Tin Lam · Answer

Consistent and persistent.

Work so that you want to, NOT that you have to!!!

a "NO" does not mean anything!!!

Doug Smith · Answer

I agree with Joel. Almost 10 years ago, I promised myself that I would never give up no matter what obstacles I faced, and I strongly feel that has been my key to success as an investor. That perseverance was most critical during the first year as I tried to overcome the learning curve and self-doubt.

Michael Soriano · Answer

Thank you everyone for your input I appreciate it.

P.s. I left the success general as I wanted to be open to all ideas.

Jason Davis · Answer

I am a newbie also, after the last two years I am as financially broke as I have even been.  I have been living on fear of the next shoe dropping for two years.  What will make any of us successful is trying, trying our best.  Being willing to stick our heads out.  Pushing aside the fear and going for it.  
The name of my LLC is 
 " Turtle Properties & Investments, LLC"

Please look us up on facebook and become a fan.

Turtle - every times we stick our heads off we are risking it.  Don't give in to the fear.

Educate yourself.  Find a lender and get started.
JD

Greg B. · Answer

Yep, depends on your definition.

I was tired of doing what I was doing and getting what I was getting.  Time to try something different.  Education and determination.

Ryan ODonnell · Answer

Depends on what your definition of successful is. 
For me it was finding the money, being educated, and pushing aside the FEAR!

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