Mastering Real Estate Investing

Is the Agony Worth the Amplification?

In the real world, there’s a lot of agony requirements to get you to a level where you are a real estate investing original, and that’s where the majority of the trials stem.

If anybody tells you anything otherwise, either

A.    They’re lying

B.    They  don’t know what they’re talking about.

We’re going to first focus on the agony, then the amplification. We’ll answer the question if it’s worth it. I’m also going to share with you a peculiar circumstance about real estate investing and that’s delayed delight.

AGONY

There’s several different elements, expenses, agony, that comes along with become a real estate investing original.

Time:

We’re talking ten to fifteen hours worked per week, week after week, month after month. If you have a great mentor, maybe that becomes a year or two. If you don’t have a mentor, five to ten years, maybe longer. That’s not an exaggeration, that’s the real world timing.

•  That doesn’t mean you have to lose your family.
• It doesn’t mean you have to sacrifice important things like your health
• Might have to give up specific little things like watching tv
• Waking up Earlier.
• Missing out on things
•  There’s going to have to be changes in your planned. This is a huge commitment. Time, that’s the one thing that we’re not making anymore of, it’s the one thing that we do have dominate over, but once we’ve used it, we’ve used it.

Money

• This means Cash out of your pocket.
• Thousands and thousands of dollars minimum.
• That’s to put yourself in the position to do the right transactions.
• There’s the costs of education.
• There’s the cost of everything in between to make sure that you actually get to a moment where you’re doing transactions and making money.
• You can do some transactions, use the profits from those transactions to go back into more of your education, so some of it’s currency literally out of your pocket, some might be in the earnings that you have to reinvest back into yourself and into your business, but that’s real currency.
• Then there’s those deals that didn’t go as meant, that events fell apart, you should have shut but you didn’t.
• That’s where you can lose huge amount of coin, hundreds and millions of dollars.
• The majority of beings will lose in what we call opportunity costs, transactions that should have shut but didn’t.
• You can reduce those exceptionally with a mentor, but even still, if you’re working with a mentor like me, I’m going to split profits with you.
• My argument is 50% of something’s a whole lot more than 100% of nothing.

Mental

• There’s a lot that goes into learning how to be a successful real estate investor.
• If you’re young and you’re just getting out of senior high school, only getting out of college, that is able to slightly easier because you’ve already been using your mentality.
• If you haven’t been using your mentality in a while, be prepared to spend.
• There’s the cost of using your mentality, but then there’s also the psychological roller coaster you have to go through in the ups and downs of transactions that do well and transactions that fall apart, and you’re going to have to go through that very.
• Again, with the mentor, there’s a little bit lower levels of that, but that’s one thing that even the greatest mentor in “the worlds” can’t shield from you and that is the ups and the downs and the psychological roller coaster.

Mastery

Once you contact the different levels of mastery, the roller coaster going on around here because you already expect it.

• Mentally you’ve already been using your mentality so much, you’re in good shape.
• You’ve already paid your owings on the educational, so now you get the money rolling in. That’s the amplifications.
• We’ve talked about the agony and that was the time, the money, both cash out of your pocket and opportunity costs, your mentality undertaking, mental undertaking, and then the psychological roller coaster.
• That’s exhausting, the psychological side.

GAINS

Now we get to the amplification. What are the gains of becoming an investor in real estate?

Freedom

•  For each person that’s going to be different.
• What is your goal?
• What is your dreams?
• That’s part of it.
• It’s not just your own personal freedom, it’s all the other people in your life

Is it worth it?

That’s the main question to ask yourself.

• Every single person I’ve ever worked with that has mastered real estate, listen carefully, every single one has said it’s absolutely worth it.
• They’d do it over and over and over again if we are able to.

Why is it worth it though?

Yes because of the freedom. Yes because of the choices. But it’s more.

Let’s recount the pain just a moment ago. The money, the time, the psychological.

TIME

• You’re already going to spend that time somewhere.
• I’m talking about removing that part of your time that’s not all that necessary anyways, like watching tv.
•  You’re already going to waste the time, whether you waste it on mastering real estate or anything else, you’re still going to waste it.

MONEY

• You’re going to waste that to.
• As far as opportunity costs, well that money was never in your pocket anyways, so the fact that you lost it on agreements that didn’t open, does that really hurt you? Right?

EMOTIONAL

• The psychological roller coaster.
• I got news for you, if you’re young. You’re going to already go through psychological roller coasters in their own lives.
• Welcome to life. You’re already going to be expend, you’re already going to be going through often of that sting, so the debate here is that it’s absolutely worth it
• because you’re going to have to go through that anyways, you might as well redirect it to something that’s going to serve you the rest of their own lives.

Delayed Gratification

• Are you the sort of person that can deal with delayed gratification?
• Even when you master real estate, you still have to deal with delayed gratification.
• These days, as sharp-witted as I am on real estate, the run I do, I generally don’t get rewarded for about three to four months when the deal shuts, sometimes longer if it’s a long-term help or rental.
• If you’re firstly getting started, you have a completely different gratification and that is potentially six months, time, two years before you really start to experience the gains and the exultation of all this.
• If you’re the various kinds of person that needs a pat on the back as soon as you do anything, real estate just may not be for you.

Real Estate Will Always Be Here

If you put forth that attempt, if you go through that sting, there’s always a rainbow at the end of that rainstorm.

 Why?

• Because real estate will always be here.
• People will always need a home to live.
• They’re not making any more estate, except for maybe in Dubai when they take the bulldozers and they push the sand out into the ocean.
• For “the worlds largest” persona, they’re not making anymore estate.
• Delayed gratification.
• You have to be willing to enjoy the fruits of your proletariats months or years into the future for this thing to undertaking and for it to be worth it to you.
• If you need instant gratification, real estate will never work for you.