Part of being an entrepreneur/real estate investor is being able to see opportunities that others do not. Opportunities are everywhere.
But here’s the thing about opportunities: you may be looking right at one and not even see it.
Opportunities are something you have to train yourself to see.
As an example, think about the last time you wanted to purchase a car. You likely did a bit of research and determined a make and model that would fit your needs, style and budget. Then, as you were out and about, almost like magic you began to see that make and model all over the place. It suddenly seemed like they were everywhere.
Did that make and model just happen to become popular? No, they were out there before, and you were looking right at them; you just did not “see” them. Now that you have tuned your brain into that make and model, you “see” them everywhere.
The same scenario holds for opportunities in real estate. You have to tune your brain in to see them or they will remain hidden. Any experienced investor will tell you that once they tuned their brain into real estate, they saw opportunities that had been right in front of them all along.
Training your brain to see opportunities is not that difficult, but it does require that you exert some time and effort. To train your brain, you need to learn all you can about real estate. How? Well, you have taken one of the major steps in training your brain by coming to BiggerPockets and reading this blog.
How to Purchase Real Estate With No (or Low) Money!
One of the biggest struggles that many new investors have is in coming up with the money to purchase their first real estate properties. Well, BiggerPockets can help with that too. The Book on Investing in Real Estate with No (and Low) Money Down can give you the tools you need to get started in real estate, even if you don’t have tons of cash lying around.
How to Find Hidden Opportunities
Seek Out Like-Minded Individuals
Find people who are successful entrepreneurs doing what you want to do and talk to them. Network with them, take them to lunch. Even offer to work for them for free.
Open Your Mind
Expose yourself to new ideas and ways of thinking.
Never read a financial newspaper or website before? Subscribe to and bookmark some to read daily. Download and listen to podcasts while driving around instead of the radio or music. Turn off the TV and watch business-related DVDs or videos on YouTube.
All of the above will give your brain the basis to begin thinking differently and start seeing those opportunities.
Training your brain does not happen overnight or even right away, as any amount of good training takes a bit of time.
But soon you will begin to realize something has changed. Something about you is different. You realize that you are thinking differently. You are using new terms and concepts. You are seeing those opportunities that were once hidden.
Now you are ready to go make the most of those newfound opportunities.
What are your suggestions for finding hidden opportunities?
Please share with your comments below!