Today’s tip doesn’t have anything to do with how to structure a deal, how to handle a transaction, or even how to talk to your Realtor. It’s all about learning patience.
As a real estate investor, you’re in an industry where hurry up and wait is everyday stuff. You’ve got to learn to roll with the punches and expect all kinds of kinks in the road.
Impatience in real estate investing is likely to lead to ulcers and a lack of profit. If you’re in this to make money, I hope this post serves as a deterrent for you.
Hiring yourself a good Realtor, attorney, appraiser, mortgage broker or inspector can be a great way to avoid some of the problems you’re bound to encounter, but there is no sure fire way to avoid every problem. Even the best of us encounter problems on a regular basis. I’ve found that the difference between those who are successful and those who aren’t has everything to do with how they each handle things, good or bad. Successful investors have learned to control themselves.
I’m not suggesting that you avoid confrontation or that you stand idle when it’s necessary to stand up and push some buttons or bang some heads together. However, I am suggesting that you learn to relax a little.
Tuesday’s Tip: Avoid symptoms like upset stomachs, diarrhea and ulcers by learning how to chill out. It’s real estate investing and if done correctly, it actually can be fun.
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