Back to the little old lady . For three weeks , we went back and forth . Every time I thought we were close , she ’ d throw some garbage into our deal that would bring negotiations to a halt . Then I ’ d call her after a few days , we ’ d reach what I thought was an agreement , and we would resume . This would happen over and over . You ’ d think I ’ d have gotten a clue about this one , but I didn ’ t .
I happened to be talking with a friend who was a fellow investor , and I mentioned Ms . Jordan , the lady that I was dealing with , and how frustrated I ’ d become . He looked at me with a little sly smile on his face . He said , “ You mean Alice Jordan ”? I said , " yes ".
Needless to say , I was stunned . The uncontrollable thoughts started again . I quickly took control by feebly asking , “ Uh , how do you know Ms . Jordan ”? His answer cut like a knife . “ Everybody knows old Alice . She gets lonely and calls on someone ’ s newspaper ad or direct mail piece . That ’ s how she entertains herself . She never leaves the house ."
I was crushed . I was merely an old lady ’ s entertainment . Everyone else knew about Ms . Jordan . I didn ’ t . My friend even called her by her first name !! That ’ s when I learned how important it is not to waste time on sellers that are not motivated . By the time you make an offer based on your profit criteria and you get a counter offer back from the seller , you ’ ll know whether you have a motivated seller or not .
Success in real estate investing is directly dependent on your ability to take action , analyze your results , make your adjustments and take action again . It ’ s a sweet little cycle that you use to get rich .
can buy , fix up and sell . You can buy and hold for cash flow . You can wholesale to other investors . Come to think of it , you can even make money without ever owning the real estate . You can buy mortgages , and you can lend money and charge hefty interest rates . And this is just to name a few . It ’ s easy to see how a new investor can jump from one strategy to another . A new investor is usually excited about the prospect of getting money worries out of the way , and as a result they ’ re usually more than just a little impatient . The expectations are high , but the patience is low .
Success in real estate investing is directly dependent on your ability to take action , analyze your results , make your adjustments , and take action again . It ’ s a sweet little cycle that you use to get rich a success cycle , if you will . The best way to capitalize on this cycle is to focus on a system that is simple and easy to work , like Creating Wealth With Abandoned Properties . As you begin to work your system of choice , make sure you continue to learn from your results while you fine tune and tweak your business . This is how you become a master of your investment system . This is how you get RICH !!
You must stay focused on your goals . I read a book that my wife gave me when we first got together , called the Peak To Peak Principle . This was another one of those life changing experiences . I say experience because that ’ s what it was . It wasn ’ t just ‘ reading a book ’. It was the experience of learning a principle that could help make me rich .
Here ’ s how the Peak To Peak Principle works . Visualize yourself as a mountain climber doing what you do climbing a mountain . If your goal is to reach the top of this mountain , then you ’ ll do well to keep your focus on your goal the peak of this mountain . However , if your goal is to conquer other peaks then , before you reach this peak , you must shift your focus to the next peak . If you don ’ t shift your focus , you allow the first peak that you reach to become a plateau . It will take a lot of energy to get your momentum moving in the right direction again .
7 . Lack Of Focus
There are so many different ways to make money in real estate . You
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