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Real Estate wholesaling and Using Detachment to succeed

By
Real Estate Agent with Midwest Properties
Real estate wholesaling is one of the most powerful wealth builders that does not require cash or credit. Far too many people complicate the wholesaling real estate process with their "what if" worries. What if I cannot find a buyer? What if the market changes? These are just a couple of the "what ifs" that first time and even seasoned real estate wholesalers spend far too much time on.

Detachment is the process of pulling your emotions away from the outcome of any scenario. The process of detachment will help you pull your emotions out of the real estate transaction. Detachment leaves you in a far better place to make decisions relating to wholesaling real estate, because there is no emotion or baggage that you need to include. Detachment sets you free from "what ifs", because all of your "what ifs" can be answered with "so whats". Not that your "what if's" are not legitimate concerns, but most of the time they are only emotional responses to issues that you bring up in your own head, rather than real world happenings.

Detachment can be achieved through realizing that "you" are not your outcomes. If the real estate market plummets to 10 year lows, you are still you. If the market skyrockets to all time highs, you are still just you. "You" will essentially be just you, regardless of the outcome of any real estate transaction. So stop stalling, I promise the world will not end if you make a mistake.

Eric Medemar specializes in Grand Rapids Foreclosures, Grand Rapids HUD homes, and Grand Rapids Rental Property. Eric currently owns 35+ rental properties. Eric has flipped 10 homes so far in 2007 and is the creator of http://www.theforeclosurecollege.com/, the programs that enables you to duplicate his real estate system in your area. You can view Eric's Millionaire Maker Blog at http://www.themillionairesblog.com/
Lori Lincoln And Associates
Top Agent Serving Dighton Taunton, Rehoboth and more! - Taunton, MA
Top Agent Taunton,Dighton Rehoboth &more

Great Blog, Eric,

Sometimes, there is way too much drama in this business, guilty of it myself at times.

Jun 21, 2007 12:30 AM
John Caylor
Infinity Financial Group - Post Falls, ID
Post Falls, ID Mortgages
Great post Eric. I think all of us are guilty at one time or another of "thinking to much" and complicating things way more than they need to be.
Jun 21, 2007 01:32 AM