Realty411 Magazine Featuring Eric Counts, Credit Nerds | Page 48

1. The 1st Cornerstone
Of Success is continued
education.
As successful investors, we make
our money buying distressed
property from motivated owners. In
order to do that, we must learn how
to creatively solve the problems that
owners have with their properties.
None of us were born with this
creative knowledge. We have to
invest our money and our time into
our education, and we have to learn
the smart, money­making principles
and techniques. Then, we use these
smart, money­making principles and
techniques as tools to creatively
structure win­win deals. This is why
we continue to read books, listen to
tapes, and take classes. This brings
us to the 2nd Cornerstone Of
Success.
2. The 2nd Cornerstone Of
Success is discipline.
You must discipline yourself to
use the smart, money­making
principles and techniques that you’ve
learned. This doesn’t necessarily
mean that you have to spend 15
hours each day to work your
business. It could mean that you
simply discipline yourself to write
that offer, or send that letter out, or
talk to that owner or neighbor, or
anything else that you been
procrastinating about. So much of
the time we’re so close to success,
but we give up just before we
achieve it. Most of the time we give
up because it is to scary or to painful
to proceed on. Anticipating an owner
who says no instead of yes can be
both scary and painful. Dig down as
deep as you need to and find that
spark of passion that you can use to
generate the discipline that you need.
Use it like a magic carpet to fly
above the pitfalls to success.
3. The 3rd cornerstone is
productive action on a daily
basis.
You must continue to learn, you
must discipline yourself to use what
you’ve learned, and now you must
put it to work on a daily basis. It may
be that the productive action of the
day may only take 15 or 20 minutes.
Success comes to the person who has
made him/herself worthy of the
success that they seek. And you make
yourself worthy by following the 3
Cornerstones Of Success. Then,
you’re prepared whenever
opportunity comes along.
People sometimes ask me, “Come
on, Reggie, tell me”. “What’s the
secret to being successful in real
estate”? There is no one individual
‘secret’ that will make you an instant
millionaire in real estate. It’s more of
a matter of doing a whole lot of little
things correctly that empowers us to
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create a tremendous wealth. Doing
smart things systematically toward
your goal every day will breathe life
into the 3 Cornerstones Of Success.
There is nothing on this earth that can
stop you if you simply follow the 3
Cornerstones Of Success. Here are a
few other ideas that can help you to
achieve your own level of success.
4. Don’t Take Your Financial
Advice From Broke People
When I first got involved in real
estate, I let everyone know that I was
launching into a new career. I told
them that I was studying courses on
how to perform creative real estate
deals that would make me rich. I told
them I was learning about no money
down deals, how to get owner financing,
how to rehab to increase profits, and
so much more. I was so excited about
my new real estate career that I had
real trouble shutting up about it. As a
matter of fact, I think that I got a little
cocky. I’d tell anyone who would
listen to me about the wealth that I
was going to build in real estate.