Five Tips to Help Pull Yourself Out of a Real Estate Rut

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It’s no secret that life as a real estate entrepreneur  is filled with ups and downs- it just comes with the territory. I’ve only been a full time real estate wholesaler for 3 years now, but I’ve definitely had my share of highs and lows during that time period.

There have been several times over the last 3 years that I’ve found myself in a serious real estate rut.  Following are five strategies I have used to help pull me out of my rut and get me back on top of my game.

  • Take a break from real estate:  If you spend the majority of your days immersed in your investing business, try taking a day or two off (or more, if  you can swing it), and just relax- no internet, no Blackberry, no real estate!
  • Count Your blessings: When I’m in a rut, I find it helpful to write out a list of everything in my life that I am grateful for. Oftentimes it is all too easy to take for granted the blessings we have in our lives. Taking some time to write them down on paper can be a real eye opener, as well as a great source of inspiration.
  • Do something that makes you happy: Whether it be a trip to the beach, a weekend of camping, or a weekend of doing nothing but lounging around the house watching your favorite movies- do something for yourself that makes you truly happy. Something that makes your heart sing.
  • Immerse yourself in motivational books and/or movies: What inspires you?  Are there any particular books or movies that really get you motivated?  For me, the movie Rudy does it every single time. No kidding.  Any time I find myself in a slump, I pop Rudy in the DVD player, and always wind up feeling ready to take on the world by the time the movie is over.
  • Keep your eye on the prize- focus on your long-term goals: When I’m feeling burned out with my real estate business, I can always find motivation by focusing on what my life will look once I have accomplish my long term goals. I have a very clear vision in my head of what this will look like, and focusing on it creates a sense of urgency to get back on the horse and back in the real estate game.

While there’s no cure-all for getting yourself out of a real estate rut, implementing one or more of these ideas will surely get you headed in the right direction…

About Author

Formerly a bartender, Steph Davis is now a full time wholesaler in Tampa, FL. If you'd like to get an idea of what it's really like out there in the trenches, head on over to her blog: FlipThisWholesaler.net!

7 Comments

  1. Hey Tyler, from my perspective, a vacation is a relaxed state of mind 🙂 Getting away could simply be taking some time off to go to the park and play some ball, read a book, take a walk…. doesn’t have to be something that costs a lot of money (or any money at all!).

  2. Hey Tyler, I agree with Shae. Here is how I discovered that vacations are often MUCH better when you purposefully design them to NOT require huge outlays of cash.

    After a trip to Disney World a few years back, I was talking to my neighbor who had just returned from a trip to Rocky Mountain National Park. He and his wife had spent the same week camping. I discovered that on our trip, the stop en route at Okefenokee Park was actually more fun than Disney World, primarily because the lodging at Disney World consumed huge amounts of cash. I was recounting that revelation to my neighbor and he shared that he and his wife had gone to Disney World, but they camped at a nearby campground. The lodging expense was 1/10th what we’d paid, and in those days, the extra $400 savings could have come in handy!

    End result, they got a lot more enjoyment out of the same time on vacation, because my stress level was way too high, over the cost. They had no family fights, more restful nights of sleep; it was just a smarter way to plan a trip.

    So now, we go low budget — like taking the kids camping in RMNP. We have every bit as much fun, which translates to having a better vacation. And if we have to be in a metropolitan area, we purposefully seek out entertainment that can be enjoyed at minimal cost. A couple of splurges here or there, then everything else — like taking walks in the park, attending museums, playing games at home, etc. — is free!

    I agree with Linda C. My formula for how to have a really great vacation in slower economic times? Go camping!

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