Many experts agree with me that what I’m about to share with you is one of the key lessons to understand if you want to capitalize on more new real estate investing opportunities and be even more successful as a real estate investor. If you’re looking to make more money and do it by actively investing (the kinds that take “leg work”), then this article about new real estate investing opportunities, new real estate investing techniques, and new real estate investing strategies is for you.
There’s tons of information out there about “how to invest in real estate”.
Some good.
Some bad.
Some really bad.
But if you want to find the best new investing opportunities, no matter what you choose to learn and apply…don’t make the mistake of going at it with a narrow mind and narrow business model.
You need to keep an open mind for all possibilities if you don’t want to miss out on new real estate investing techniques.
What do I mean by that?
Don’t get me wrong. I’m not saying that ‘focus’ is not essential to your success in real estate investing. Focus is absolutely essential.
I mean that you never want to limit yourself. You never want to be so focused on one part of real-estate that you miss out on the fortunes to be made by expanding your model and discovering and applying new investing strategies.
All too often you will see people go out and focus on how they can make money and how they can make the most out of a deal or how they can do this or that.
They stay focused on themselves.
It’s NOT selfishness….just narrow-mindedness.
What is even worse is that they only focus on one type of deal, they only learn how to structure a certain type of transaction. So now they are, for example, searching high and low for a seller and a buyer that fit a very narrow set of criteria- and ONLY that scenario.
While they are waiting for the “right fish” all other deal scenarios they come across, those that a successful and knowledgeable investor could take and turn a profit from by solving a problem for one or two parties involved…are missed out on!
That’s one reason why so many new real estate investors fail.
They’re waiting to catch the fish that comes to take the only bait they have.
They just don’t have that many resources at their fingertips; they just don’t know how to help people very well because they aren’t focused on how to do that – they stay focused on themselves.
Many others fail because they are so focused on landing the “big one” that all the fish waiting to be snapped up never even get noticed.
They never notice all the opportunities around them!
If you don’t want to miss out on all the investing opportunities around you, do this: don’t focus on the fish; focus on your tackle box.
What do I mean by that?
You should be able to put deals together, help people and make money regardless of the situation.
If you want to become more effective as an active investor, you need to focus on building your investing tackle box.
With your tacklebox in place you are more prepared. Your increased awareness, expanded capabilities, and specialized problem-solving knowledge will help you begin catching all the new investing opportunities and deals that are ALREADY all around you!
Because I promise you…they are!
You want to be able to help each and every person you come across, not just victims of circumstance. You can help those people too and, but you need as many lures in your tackle box as possible.
You want to be the person everybody comes to when they need results.
When people need you, then you can really make things happen. There’s no shortcut here; you must help people and provide everybody that deals with you incredible value.
When you understand the techniques and methods to help people (buyers, sellers, lenders, banks, tenants, real estate agents, the credit-challenged, homeowners in distress etc) you’ll be able to make money hand over fist.
Why?
Fish return to the spots where they feel comfortable and get fed- and if you haven’t noticed, they bring their friends and swim in groups.
Be the fisherman who knows how to give them what they want and need, and where to find them will be easy- they will find YOU.
And with your investing tacklebox, with its many baits, lures, and hooks, you’ll be ready for any scenario that comes your way.
If you decide to go this route and get more actively involved investing in real estate, it’s going to take some time and energy. It’s going to take focus. But it’s going to take an open mind to new opportunities too the continuum