Breakthrough 3 Excuses That Block Investor Success

By
Real Estate Agent with Heisler and Mattson 9556777

Excuses are unlimited of why you can’t do something. Instead of making excuses, as an investor you need to consider how you will get the deal done. Do you really want to invest in real estate? Why is it not happening now? It may take time to get your next property under contract, but enjoy the journey and keep in mind, there’s not a short term way to success.

Make the numbers work on a bad deal

When analyzing properties, make sure you understand your numbers forwards and backwards. Do not lower your expenses so you can make a bad deal look good. Make sure to include repairs, capex, vacancy, and property management. If you plan on self managing, you should also include property management since you may not want to manage the building forever. The key is to remain objective when looking at a deal. It would be smart to have other investors to look at your deal analysis so you don’t make a bad purchase.

Don’t have the money

This is very common. For an owner occupied property, you can use a FHA loan or in Massachusetts, Masshousing. These are 3.5% and 5% down. These work for small multifamily 2-4 unit properties. Conventional is 20% and will likely be used if you are unable to use an owner occupied loan. You can look for an equity partner who will provide some capital for the deal. Find the deal, and the money will come.  
  

Can’t invest, not good enough

This is difficult since you have limiting beliefs on yourself and what you can accomplish. If you think you can’t invest you are correct. If you think you can invest you are correct. It is a mindset and a willingness to learn and commit to getting your first deal done. Speaking with local investors and other interested in real estate will keep you going when you think you are making no progress. The investors who have been in real estate many years, also started with limited knowledge and overcame limiting beliefs to get their first deal done.

 

Final Thoughts

 

Excuses serve no purpose when trying to accomplish one of your goals. You can live by your excuses, which can control where you go in life, and future. Stay consistent, keep learning, and enjoy the path to reach long term success.

 

 

 

 

Posted by

Steve Bracero is a Real Estate Agent in Worcester County, Massachusetts and Real Estate Investor. Blog Topics include: Investing in Real Estate, Helpful Tips on House Hunting and Selling Homes. Areas of service include: Ashland, Blackstone, Douglas, Franklin, Grafton, Hopkinton, Hopedale, Medway, Milford, Millbury, Northboro, Northbridge, Shrewsbury, Southboro, Sutton, Westboro, Whitinsville, Worcester, Upton and Uxbridge.

 

   
Steve Bracero
Real Estate Agent, Heisler & Mattson
774-232-2526 | steve.bracero@heislerandmattson.com | www.stevebracerorealestate.com | 182 Turnpike Rd #209, Westborough, MA 01581

 



close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Massachusetts Worcester County
Groups:
Investors
Addicted to Active Rain
Buyer Information - What Buyers Need to Know in Today's Market
Advice for Buyers
Tags:
investing
real estate agent
investor
multifamily
multifamily investing
real estate
real estate best practices
real estate investng

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,916,741
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Andrew - once you decide you will find the way.  Excuses only satisfy those who make them.

Jul 17, 2017 08:59 AM #1
Rainmaker
4,797,261
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi, Steve.  All too many new and inexperienced investors make these mistakes.  Good advice.

Jul 22, 2017 05:20 AM #2
Rainer
65,072
Steve Bracero
Heisler and Mattson - Shrewsbury, MA
First Time Homebuyer and Investor Specialist

Hi Gabe Sanders , I agree! 

Jul 22, 2017 05:43 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
65,072

Steve Bracero

First Time Homebuyer and Investor Specialist
Ask me a question
*
*
*
*
Spam prevention