Just thought I would share my thoughts with you. Maybe it is out of place, but I think that at one point or another all of us (including yours truly) have doubted our abilities.
Every night, when my children go to sleep, I get on the computer and get on this site and look through the posts. This site is very addictive, don't you think? Anyway, yesterday, I had a lot of disappointments and was pretty much ready to give up. Tonight, as I was putting my son to sleep, I started thinking as to why, after investing so much time and money into this, why would I just walk away.
Then I remembered something that was said to me a while ago by my former business partner: "People's nature is to focus on those who say "no" rather then those who say "yes"". I guess he was right. I see it more and more nowadays. We fear alot. As we get older, the fear intensifies.
When I was 14, my family came to US in search for that American Dream. None of us spoke a word of English. I started working from day one, delivering newspapers at 5am and then going to school. Then I got a job as a delivery boy in the restaurant, slowly got promoted to a sandwich-man (Yipie!), then to a short-order cook, then I bought my own!!! I was 20!!! I didn't even blink or analyze what I was doing. I just jumped off the bridge hoping that there is a life boat at the bottom. For few years I made my living by buying restaurants on the brink of bankruptcy and turning them around, then selling them off for a profit. Then I got a job as stand-up comedian (on a dare!) Did it for a year!!! Then I bought my first house (handyman special). I couldn't even use a hammer. But! I had no money and, whithin 4 months, I built a deck, learned how to lay a floor and a tile and so one. I was 25 at the time.
I am not saying this to impress anyone, I am just saying that when we are younger, we don't tend to analyze. We live life at the moment and when we THINK that it makes sense to do something, we do it. Why is it that when we are older, we tend to get over-analytical about things?
Then there are those who keep seeing only the negative in our risks. The older we get, the more we listen to those who have only negative things to say to us. "You can't do it." "You can't be serious". "Now is not the time." "This is the worst idea you have ever had". Sounds familiar??? I bet it does.
For the past 4 years, since I got married and had children, I, too, became too causious, too easily swayed off my dream. Probably, because I was afraid that if I mess up, it is not just me anymore, but my family as well. This may be true. But, in the last year, for the first time, I got to spend 3 full days with my kids and I realized how much they miss me. Due to my job, I am never home, and when I am -- I am working as well.
So now, I have a goal! This year is the year I will make my family proud and I won't let those who are trying "to help" by telling me that I am making a huge mistake influence me any longer. I have a plan, and now is the perfect time to impliment it.
To all of the people out here who still think whether or not they should start investing in real estate... If you would be unsure, you would not be on this site and you would not be reading Dean's books. If you are here, you are sure!!! So stop analyzing and start moving forward. Even if you don't succeed at first, keep trying. Persistance beats resistance!!!
MYSELF... I made a first step yesterday --> I emailed my RE agent to start putting in offers on those properties that have been on the market for more then 4 months and all the forclosures. All in all 27 properties. I also told her to ofer 50% off asking price. I have not seen those properties other then pictures and the funniest thing is that I am meeting my RE Agent for the first time this saturday. If Matt's 25:1 rule works, I should walk out of this deal with at least 1 acceptance. I have no buyer's list. All I have is the contructing company, real estate agent, mortgage broker and myself... Oh yeah... I have no money and bad credit too... Just like I did in the past, I just dove into it. It worked for me before, why not???
I just wanted to share this with you guys, because I know alot of you have doubts and uncertainty about Dean's strategies and I know alot of you keep hearing people trying to talk you out of it and friends telling you that you are nuts. You are not alone. The only way to shut them up is to prove them wrong.
Good luck guys and gals!!!
-- TIME IS A TERRIBLE THING TO WASTE, SO STOP WASTING IT --