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Afraid to FAIL? Afraid to SUCCEED?

By Charles Edwards Bentonville

Real Estate Agent with Coldwell Banker Harris McHaney & Faucette 479-253-3796

December 08, 2010 04:53 AM

Fear of failure equals fear of success. Yes the two are the same. Identical. Are you foolishly thinking that no one fears success? If you are afraid of failure you are afraid of success. Think about it. Many authors have outlined the 'downside' of success. For example, will you find your self alienated from your peers when you financially tower over them ? Will success take you far from the familiar in other regards? Yes, success does indeed change things. It is often said that it is lonely at the top, no problem I'll deal with it when the time comes!

Here in northwest Arkansas we have several Fortune 500 Companies that are well represented. Bentonville, AR is of course home to WalMart, the world's largest retailer. Tyson Foods the world's largest food purveyor is headquartered nearby as is JB Hunt Trucking and some other leading entities that may be less recognizable but no less significant to our economy which is by national standards still robust. I want you to think about this, everyone of these now huge companies were started by one individual that did not fear failure...or success.

There are about 40 houses in the Rogers and Bentonville area listed right now for UNDER$50,000 (as of 12/04/2010). Are we really living in such a fear riddled time that no one is interested in houses for such a low price? REALLY? Can the general public and or investors really not find a way to make sense of houses at such a discounted price?

The beginnng of your success could be as close as a phone call. Call me at 479-253-3796.

cedwards@ersells.com

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Catherine Ulrey

Keller Williams Capital City - Salem, OR

Equestrian and Acreage Property Specialist

Fear is a powerful force! I have an investor that terminated a transaction due to fear.

Dec 08, 2010 04:59 AM

Charles Edwards Bentonville

Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR

AR REALTOR, Bentonville Real Estate Agent and Broker

Catherine. Any chance he'll be back for a second look? Send him my blog!

Dec 08, 2010 05:03 AM

Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Nicely said Charles. Fear is all consuming. Overcoming it brings a greater sense of satisfaction than the feeling you'll get from not trying.

Dec 08, 2010 05:13 AM

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

Charles....those who fear losing are the ones who have something to lose.....some of the most successful businesses have been started by someone who has nothing....not assets....starting with borrowed money and no assets of his own....there is nothing to lose....it's someone else's money.

Dec 08, 2010 05:39 AM

Roger D. Mucci

Shaken...with a Twist 216.633.2092 - Euclid, OH

Lets shake things up at your home today!

Well said Charles...............fear can be paralyzing.

Dec 08, 2010 11:41 AM

Tish Lloyd

BlueCoast Realty Corporation - Wilmington, NC

Broker - Wilmington NC and Surrounding Beaches

Charles ~ This is a great way to put a bit of perspective on things -- well stated. Nothing ventured, nothing gained.

Dec 08, 2010 01:39 PM

Nina Rogoff

Boston, MA

Wix Websites for Real Estate Agents

Wow! Perspective is a really amazing pair of glasses. Hearing about homes under $50,000 makes me think, "Really?" But at the same time, in my area, there are 19 homes under $300K and the average time on market is 127 days! It may be one thing when we talk about investors taking a risk, but when we talk about families, where people are worried about layoffs, it's hard not to sympathize.

Dec 08, 2010 02:49 PM

Tony & Darcy Cannon

Aubrey and Associates Realty - Layton, UT

The C Team

Charles, wow, I find it hard to believe that houses priced that low aren't moving, as long as they aren't major fixers. Great insight about success and failure!

Dec 08, 2010 04:51 PM

Tony, I didn't say they don't move..I said there are 40 listed.I want to be busy selling them. Naturally some of them are fixers however you could live in several of them with little or no work.

Dec 09, 2010 03:44 AM

Kathy Clulow

Uxbridge, ON

Trusted For Experience - Respected For Results

Charles - would your 1% a month rule apply to many or a few oor nne of these after the fixes were done ..... it may be interesting to approach them in that manner

Dec 09, 2010 11:21 AM

Pat Haddad, ABR, CRS, ePRO, GRI

Keller Williams Indianapolis Metro NE - Carmel, IN

Carmel, Fishers, Westfield IN Real Estate Expert

Charles--I have always thought real estate took a huge leap of faith. Then we must take that same leap each year. So we have to face this fear annually. It is not for the weak of heart. Some people do fear success and all that can come with it---more responsibility and skills needed. As someone else commented, nothing ventured, nothing gained!

Dec 09, 2010 01:51 PM

Joshua Zargari

MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY

MJ Decorators Workshop

Fear no fear...Knowledge is power, power to conquer all fears...Use your knowledge to move forward...

Fancy words...I think that with hard work and great knowledge the formula for success is a sure thing.

Dec 11, 2010 12:12 AM

Kathy, The 1% rule does require that properties are in good repair. I have never bought anything older than 1978 in my investing. You have to find properties with good bones, modern electric and plumbing etc! I am not a handy man at all. I do paint, clean and do yard work, that's all.

Just to reiterate. I actively look all the time and bought my first property in 1990 and have bought 3 single family units, a residential duplex and a commercial condo. Total. I know quickly which properties are worthy. I have passed on a large percentage of those I have looked at.

Dec 11, 2010 12:24 AM

Pat, I'm fearless. Fearless and well educated. I am not tempted by properties that do not conform to my formula and that takes the fear away.

Dec 11, 2010 12:29 AM

Joshua, Exactly, knowledge and a good formula. THank you for reading and commenting.

Dec 11, 2010 12:32 AM

Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional

Charles Rutenberg Realty - Clearwater, FL

Palm Harbor, Dunedin, Clearwater, Safety Harbor

Charles - I firmly believe we make our own future and if we want something -anything - bad enough, it WILL happen. Mind over matter.

Dec 11, 2010 08:44 AM

Scott Hayes

(512) 786-8300 - Austin, TX

Realty Austin, Broker Associate

Charles,

Your last paragraph says it all. Numerous homes under 50k and people still have some trepidation? Come on folks

Dec 27, 2010 02:08 AM

Afraid to FAIL? Afraid to SUCCEED?

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