First Step for a Real Estate Investor is always the Hardest

One small step for a Real Estate Investor one Giant Leap for Investors of all Kind!

Greetings to all current and future real estate investors. I am writing this blog from the top of a bridge over Town Lake in Austin. I have sat for a while and asked myself, If I were starting all over as an Real Estate Investor, what is the one tip or bit of advice I wish I knew to get me started.

Obviously there are many things to know when getting started as a real estate investor however, the one thing I would've wanted to know is that the “First Deal” is always the hardest. I know that sounds cliché but it is extremely true. Your “First Anything” is always the hardest to accomplish is a statement that'll be a running cliche throughout your entrepreneurial career. It is always harder to go some place you've never been.

It can be daunting owning your own business, doing real estate deals, buying your first rental house, your first rehab, your first Apartment Complex. Statistics have shown that the odds of success are not in our favor when starting out. In fact according to the Small Business Administration, 85% of new business fail with in the first 5 years. It's no wonder with statistics like that can have an enormous emotional impact on whether or not we decide to operate a business.

What the statistics aren't telling you.

When year hear that 85% of businesses failing within the first five years you automatically think that you're taking on a risk that you can't afford to lose. But what the stats don't tell you is how many of those 85% that failed returned to start again.

One principal I have always followed is that if someone you know or know of, has accomplished something special it becomes that much easier for you to achieve an even higher level of success. The “Law of the Lid,” as John Maxwell talked about, basically states that once something is accomplished it is never seen as impossible again.

The really cool thing is that once you have done a real estate deal and perfected that skill set, that knowledge never leaves you. You can continue to earn from a single strategy over and over again until your ready to add the next tool to your real estate tool-box.

The one area I have seen investors weak in, is after learning an effective, new strategy they sometimes hesitate in putting the strategy to work. Being cautious is good, being confident is better. When you have confidence in your real estate investing skills to move forward with a sound decision you reap the benefits of being a Real Estate Investor.

Learn and master a real estate strategy then teach it to someone else.

What's better that learning and using a real estate strategy? Teaching what you know to someone else. When you can learn a strategy then use it, tweek it, make it better, share it with someone new!

Last weekend at my Commercial Real Estate Bootcamp in Houston Texas I told students and fellow Investors that I feel that Success in Real Estate is 10% knowledge and 90% Action because even with all of the knowledge in the world, if not applied, adds zero dollars to anyone’s bottom line. There hasn't been a better time in our history to buy Real Estate than there is right now! The action takers are the ones that will change the legacies of their families.

Those that see opportunity and move on it, take action immediately, will get the juice out of life. If you don’t take action now someone else will.

Real Estate Investors all over the Country are Reaping the Rewards! Why aren't You?

Real Estate Investors all over the country are benefiting from this long stretch of downturn in the economy and I believe the floodgates of opportunity haven't even been fully opened yet.

If you are currently buying Real Estate and want to learn to buy more and build your wealth even faster you will find my blog to be of Highest Interest! Bookmark MontelongoCoaching.com/blog now!

If you are thinking of entering the Real Estate Investing space and are hesitating because you need more knowledge then montelongocoaching/blog is going to be of Great Interest to you. Bookmark MontelongoCoaching/blog.com now!

Stay tuned for some really cool videos and blogs on Real Estate Buyer List Building, after all, you can find all the deals you could ever want but if you don’t have the buyers, what good are the deals?

If you have a buyers list and feel like you want to get your hands on more quality real estate deals, we want to help you attract the deals to you.

Whatever strategy you are using or plan to use in real estate investing I believe there are always three keys to a sustainable real estate investment business.

Key#1: Build a Powerhouse Buyers List

Key#2: Build a perpetual lead stream of quality new deals

Key#3:Identifing winner deals & taking action on them

So basically, you have 3 months to close out the year strong and make good on some of those Jan. 2010 resolutions. When is now the right time to take action and make something happen? It could be a 2010 Christmas of a lifetime with a little less talk and a lot more action!

If you are already having success in the real estate markets, let us know what is working for you.

If this has been helpful to you please hit the “like” button to the side and share this with your friends!

Your Partner in Success!

David Montelongo