Why Real Estate Investors Fail
And What To Do About It
This article is going to explain why Real Estate investors fail, continue to struggle and remain stuck where they are financially, what the underlying cause is and what you need to do if you want to have success in your Real Estate investing career.
If you’re feeling confused or even a little scared … if you’re working harder than ever, seeing less results and worrying more about money and your future …
You’re about to discover the one fundamental reason to why you’re facing these challenges – and more importantly – how to immediately get amazing results and finally live the life you deserve!
That’s a pretty bold statement, I know, but I believe I have unlocked the formula.
But before I tell you what it is, I want you to know something …
I don’t like wasting people’s time and I get to the point very quickly. I don’t sugar coat anything, so if you can’t handle the truth, or you are looking for a magic pill to get rich in real estate overnight, don’t waste your time reading and go do a Google search for ‘get rich quick’. There are tons of ‘experts’ out there that will tell you what you want to hear.
On the other hand … if you’re a real estate entrepreneur who has finally realized that you need to change something, because what you’re doing right now isn’t working … and you’re ready for direct, candid communication, continue reading.
Let’s get one thing straight from the get-go – we’ve ALL made mistakes and lost money trusting a financial planner, in real estate or a stock investment … maybe all of them.
Some of my own mistakes I am still cleaning up, but I don’t wallow in regret for making them … I have learned to recognize the positive side of every bad decision and event … even ones out of my control. I use that knowledge to help create my future wealth which I refer to as “life-tuition” … we all have it, but sadly most never use it.
If you are like most Real Estate investors these days, my guess is that you’re feeling more confused and scared right now, as opposed to optimistic and full of excitement about the economy and real estate.
So what do you do? What are the answers? How can you be sure you won’t make a wrong decision? When will the next perfect Real Estate timing be?
If you are asking some (or maybe all) of these things – I have great news for you. I’ll help you see new ways to answer these challenges. But it’s important to realize you are not alone.
It’s the reality for a lot of Real Estate investors right now. They are struggling today and falling behind where they want to be. Maybe for you, the excitement you once had is now replaced with frustration and more financial pressure than ever before.
As I said before, you are not alone, and in fact, you’re like most Real Estate investors, but there is a single fact that you absolutely need to understand:
Based on talking to hundreds of people investing in Real Estate in all the workshops, seminars and online forums I attend, I would estimate more than 90% of Real Estate investors WILL NEVER succeed.
“OK, You’ve Got My Attention Joe …
Why Will Most Real Estate Investors Fail?”
There are a number of reasons, but the MOST IMPORTANT is their mindset …
They don’t have a crystal clear ‘WHY’ (money and freedom are not big enough reasons) they are investing in Real Estate. Let’s be honest about it … without a strong enough emotional reason, they lack confidence and are fearful of commitment … they don’t want to be accountable for the outcome, good or not, of making a final decision about anything!!
Is it any wonder why so many Real Estate investors sit on the proverbial fence?
In other words, they are interested in Real Estate and start out with the best intentions, but there is a critical difference between being interested and being committed.
If you really think about it, EVERYONE is interested in Real Estate investing and EVERYONE wants to be wealthy, but most are not willing to do whatever it takes to become successful.
I’m telling you, most people are very good at finding excuses NOT to do something quickly blaming the market, the economy, the time of day and so on. It’s true some of those are challenges, but the real reason they don’t move forward is lack of commitment.
The Commitment Wall
Most Real Estate business entrepreneurs that I’m teaching or speaking with these days feel they’re out of gas – doing everything they can to keep up, they’ve suddenly lost momentum.
Some try to ‘spice it up’ moving on to different investment strategies … but still they’re tired, they’re frustrated … and they feel they have hit a brick wall – that ‘wall’ is commitment.
It hasn’t occurred to them yet that as long as they keep thinking the way they always have, things will not improve and it will not get any easier. It is most critical for you to understand… if you don’t change yourself, the way you think … you will constantly be chasing wealth, freedom, success, more time and so on.
I don’t know a single Real Estate investor who isn’t facing some sort of ‘fear’ about something, but I can also tell you only the very few who are positive, optimistic thinkers – who are grateful for what they ALREADY have … reach success. They have figured out that in order to succeed, they needed to change from their default mindset.
The Way You Think Is Not Your Fault
It’s really okay for you to feel overwhelmed, disconnected and unsure … our brains are naturally programmed for survival so we look for ways to avoid harm and pain – physically and mentally. It’s completely normal to come up with reasons why you should not or cannot do something outside your comfort zone … your brain is trying to protect you from the risk of a painful experience, even if it’s figurative.
It’s the reason most people do not commit to the goals they set.
So what’s the answer?
It is for you to change your mindset by inputting new, positive information in your brain thereby reprogramming it for success. I know how “airy-fairy” that sounds, but I’m telling you what you ‘think about’ is what you receive. And by the way, it works both ways … positive and negative.
A Life-Altering Lesson That Took Me
40 Years to Figure Out
For as far back as I remember, I have always been committed to achieving what I wanted, and unlike most people, doing whatever it took … working weekends, holidays and ignoring vacations for example. I wanted success so much, I became a true workaholic and like most entrepreneurs, I was also stressed, anxious, overworked & still financially strapped.
Believe me, I made more than my fair share of mistakes … I have been close to financial ruins and during the constant pursuit of “success” (money at that time), it affected my health and I lost precious time with my son and wife – it was not a great place to be for the ‘limited success’ I actually achieved.
So in 2005, I made unreal commitments that no-body else would do selling both businesses to start over. I was in an unfamiliar, uncomfortable place of complete fear … I consciously made daily changes to my thinking … I removed relationships that were contradicting to my new mindset and surrounded myself with people who believed in me. I dug deep within to bring what was real to the surface and focused ONLY on positive energy.
On top of it ALL, not ONE BIT OF our money was invested for our future … imagine where I would be today “if only”. But instead of living the past, those were my ingredients to start taking control of my life … for you, it will be different, but I promise you, it will be just as meaningful.
I’m sure you’ve figured it out by now, the CRITICAL life-altering lesson I learned to change your life starts with YOU first, from the inside out beginning with your mindset. I’m telling you no matter what you do, if you don’t DECIDE to change, nothing ever will.
And here’s the cool part
Once you learn this simple principle of changing your mindset, you can turn your life around, create success quickly, and as much as you want, and finally ignore what you hear and read every day about the world collapsing.
Now, why do I tell you this? Because I think today, more than ever, it’s critical for you to be listening to people who have actually done it, and done it recently. I didn’t just get lucky changing a job and selling a house or two at the top of the market. I’ve been able let go of EVERYTHING in one of the worst economic times ever to create a successful investment over and over, and I believe it’s because I have figured out a very powerful formula that can work for anyone.
But I also don’t want you to get the impression that I was able to do this because I’m somehow different from you are or that I had more money to start with. This has very little to do with who I am or what I had … and everything to do with how I did things.
In my opinion the single most important limiting factor is your mindset if you are not where you want to be. Mastering the following 5 pillars as your foundation …
- Mindset
- Clarity
- Confidence
- Commitment
- Gratitude
… you will be well on your way to true success in your Real Estate investing business.