Almost all of us know or know of someone who's made a million dollars in real estate. In quieter contemplative moments we all look for their inspired brilliance, so necessary for doing well in today's depressed real estate market.
Many perhaps most think it can't be done today. Convinced that like the rail road fortunes of the 19 th century, that opportunity was only open to a few for a very short time. IBM in the last century might be a better comparison because you could have bought as little as one share, but you didn't buy IBM either. You're convinced that the window of opportunity is closed, only those with inspired brilliance got in on it and it can't be done again.
Some believe the TV Gurus that there is a "secret" know only to a few. The "secret" is of course available to them if only they had the time and money to attend a special "boot camp."
Others having listen closely to the religious invectives as those same Gurus preach discover their main tenet is "Do Unto Others!" and correctly find it repulsive!
Many believe they just aren't bright enough to conger up the inspired brilliance necessary to accomplish such success.
Most believe they simply don't have sufficient money. They know "it takes money to make money," "the rich keep getting richer!" Fully believing "it's not the earth the meek shall inherit it's the dirt!"
I've known a lot of real, real estate millionaires. I've helped many of them reach their goals. I've spent most of my life, at least since high school, seeking the company of the most brilliant people I could find. You find what you seek and I've been very successful at it. Based on 39 years in lending and real estate I can tell you brilliance is the least common trait of real estate millionaires!
Real estate does take money! No Money Down, doesn't mean no money! But, it doesn't mean you need a lot of money, only enough to solve some ones problems!
Cavit Robert use to tell a story about a small man approaching a very large mountain man and saying "if I were as big as you I'd go into the woods and find the biggest bear and kill him" to which the mountain man responded "son there's a lot of little bears!"
Today's real estate market offers more opportunity that at any point in our life times! If you're not participating, if you're not succeeding, it's your fault! Money is no obstacle for like the bears opportunities come in all sizes. Most success is not from inspired brilliance, but rather from persistent action! Simple people doing the doable!
Bill
William J Archambault Jr
The Real Estate Investment Institute
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