Read the full newsletter here: 2017.07.21 – Friday Flyer – You’ve Got This!
“Flip a house? How hard can it be? I know what I’m doing. After all, I’ve watched the shows. I’ve done a few home projects of my own. I know a contractor (or I am a contractor). The concept is easy to understand: You buy a house, fix it up and sell it for a profit. I got this.”
It’s almost laughable if it wasn’t true. The “how hard can it be?” attitude, when it comes to real estate investing is precursor to the horror stories you hear about someone who lost money. These stories push people to the other end of the spectrum.
“I could never do that. I don’t have any experience. I’ve seen people lose money on those shows. Why would it be any different for me? Nope! Not even going to consider flipping a house and I’m going to warn others not to either.”
The savvy investor is somewhere in the middle. They recognize the need to educate themselves at the beginning and on a continual basis. They are cautious and say no to bad deals; while at the same time, preparing themselves to say yes to the good deals.
Most successful investors have had or find a good mentor. They save time, money and headaches by learning from the successes and failures of others. They say, “With the right guidance, I can have the kind of success I see others are having in real estate. I’m willing to listen, learn and follow through.”
Their mentor says, “Follow me. You’ve got this.”
For your reading pleasure
See you soon,