Since you’re reading these words right now, I suspect that the answer is yes. Well, great! But before you start building your personal real estate empire, there are a few things to consider, and the most important of these is how you’re going to succeed. The good news is that you can succeed, and there’s no question about that. But your success depends upon the answers to a few key questions that only you can answer.
In earlier sections of my course “Cash at Closing Blueprint” I talked about the unique nature of real estate investments and touched upon the unique aspects of the real estate leverage game. What I didn’t tell you is that you’ve got a lot to learn. There are many sides to a successful real estate transaction, many possible problems, opportunities, and approaches. How you choose to address each of these possibilities will determine the outcome of your transactions, whether you make money or lose money, whether you succeed or fail.
Ultimately, you will develop your own “style” when it comes to the way you invest and manage commercial properties. You’ll find a niche that works for you, and you’ll stick with it. Before you reach that point, there is a learning period involved. As you learn, you’ll make occasional mistakes and hopefully learn from them. The more you learn, the more your personal method and style will develop. You’ll be more successful quicker if you begin by asking the right questions, making the right decisions and then taking appropriate actions based on those decisions. You’ll make fewer mistakes, and you’ll be famous instead. So what are some of the most important questions you can ask? The Answer -- questions about you. Who you are, how you work, what skills you have; what other skills you can acquire and how patient you are. Most critically, how strongly do you believe you deserve the rewards of a successful real estate career?
Are you optimistic about your chances for success? You should be, if you’re serious about wanting to succeed. Ask any highly successful individual in almost any field to pinpoint the most important part of their success and the odds that go with it, and they’ll tell you its attitude. As the old saying goes, “Whether you think you can or you can’t, you are probably right.” If you start out by believing “I can,” you’ve already taken a great first step towards achieving success.
Like every other professional career path, it is beneficial to sit down and reflect on your own personal goals, your capabilities, and your expectations regarding your own real estate investment career. No person will have the same starting position when delving into real estate. One of the most important tools you can have is a clear idea about what your starting position is. After all, how you get to where you’re going depends entirely on where you’re coming from. If I asked you how to get to St. Louis, wouldn’t you want to know which city I was coming from? More than any other chapter in this book, this chapter is about you: Your goals, your ambitions, your dreams, and your future. The rest of this book will deal with methods for turning those dreams into realities. But for now, what we want to do is focus on who you are and where you fit in the real estate business. So let’s start asking and answering some questions.
When you purchase my course “Cash at Closing Blueprint” and follow the included self-assessment, it will guide you on what areas you need to improve on and also show you areas that you are strong in. A self-assessment can be defined as an evaluation of one’s capabilities, attitudes, and goals and can be seen as the basic road map you’ll follow from here on. If you take this self-assessment seriously and approach the questions honestly, they will help to guide you for years to come. Goals, attitudes, and capabilities are likely to change with time, of course, but having the ability to honestly assess where you are and where you’re headed will be a skill you’ll have for life.