It's time to get real. Let's be honest for a moment and look at the results the average person is getting with the masses of real estate investing information that's available today. A frightfully low percentage of people that attend the typical real estate investing seminar or bootcamp go on to build a real estate business of any significance. Why? According to Brad Wozny, 92% of all investors fail in their first three months. Why?
Why are people having such problems with real estate investing:
- buying lots of educational products but not having the confidence to use them
- never getting that first deal done
- replacing a practical education with a theoretical one
- hopping from one hot idea to the next
- trying to operate without a business model
- complete lack of focus
- no thought given to what skills are required
- no thought given to what resources are required
That is NO WAY to start a business!! And that is another key issue here. We are talking about a business, not a hobby. And yet most people spend more time planning their annual vacation than they do planning their real estate business.
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