Whether you admit it or not, the only reason why you are not a successful real estate investor is YOU. You are the only one standing in your way of achieving your goals and dreams of building a multimillion-dollar real estate portfolio. In this series, I’ll highlight five self-limiting beliefs every real estate investor needs to overcome to in order to have a chance of achieving success.
Fear and Self-Sabotaging Stories
Many real estate investors have self-sabotaging stories that they constantly justify in their heads about why they can’t move forward and buy that investment property, or hire a property manager, or find that next investor. They always focus on what is wrong. What’s wrong is always available, but they forget that what’s right is also available. If you can’t deal with the doubt, fear, and anxiety and take action in spite of it, you won’t be able to grow and succeed as a real estate investor.
Lack of Clarity
If you don’t know who you are, where you want to go and what you want, who does? If you don’t have a blueprint, plan, or roadmap that can take you from where you are to where you want to be you can’t complain about where you end up. The fact that you haven’t sat down and, with the end in mind, reverse engineered how to achieve your real estate investing goals or dreams shows a lack of real-world ambition and self-determination. You have a lack of clarity in terms of the what (i.e. goal), and the how (i.e. the steps to take). To become a successful anything, especially a real estate investor, you have to do in the certain way. Meaning, doing the right things, in the right order, at the right time. Start by getting clear on what you want and why you want it.
Lack of Consistent and Persistent Action –
There is an importance in getting out of your comfort zone, going out there, analyzing deals, running the numbers and making purchasing offers on investment opportunities that make sense. Otherwise, you are cheating yourself out of learning and putting yourself in the position to conquer what you set out to do. Patience is a virtue, but no action equals no results. Win or lose you have to put your best foot forward every day in order to get to where you want to go and become who you desire to be.
Lack of Leverage
Being interested in becoming a successful real estate investor is not enough of a reason to actually help you become one. You have to have a why, a purpose, a big hairy audacious goal to use as leverage. What will becoming a successful real estate investor give you? How will your life and the lives of your loved ones be impacted? Find your leverage or your why and use it as fuel to beat resistance and go out and make what you want happen!
Lack of Accountability
Whose holding you accountable for your words and actions? If you don’t have somebody holding your feet to the fire to make you follow through with what you say you are going to do you are setting yourself up for failure. Without that needed accountability you’ll eventually follow the path of least resistance and cheat yourself out of what could have been. Don’t let that happen to you! Find a group, a coach, a mentor or a like-minded individual that will keep you focused and your path straight.
Are you interested in learning more about creating turnkey passive income and generational wealth through multifamily apartment investing? Visit www.syndicationcapital.net for more information, resources, frequently asked investor questions and our free e-book, “How to Passively Invest In Multifamily Apartment Syndications”.