As a newbie real estate investor, you may find that you experience fear and apprehension as a usual part of your daily life. Real estate investing can be risky and this can stop even some of the most talented people in the world from pursuing their dreams in the industry. Some people are afraid of experiencing failure, some are afraid of losing money and some are afraid that by making the jump to real estate investing, they will lose their career. While these fears are reasonable, there is a way to drive through them and reach the success that you know you deserve.
First, let’s look into exactly why careers in real estate investing cause people so much fear, even if they are passionate about the process. Many people assume that with time or effort, this fear will get away, but it is in fact somewhat involuntary. The brain perceives new activities and concepts as risks. Therefore a new career or a new investment opportunity will be perceived by the brain as a risk, no matter how great of an opportunity it is. The 1st step towards pushing through your fears is to acknowledge that they are not going to go away. Even for an experienced real estate investor, dealing with your fears are still a big part of working in the industry, and that is okay. By acknowledging your fears and working in spite of them, instead of against them, you will be able to make much more progress than if you choose to spend all of your energy on making the fear go away. So when you feel that fear coming on, don’t ask yourself “how can I get rid of this?”, but instead say “what can I do to take the next step?” Make concrete plans and set outcomes you plan to achieve. Like setting up meetings or working with a mentor, will get you a lot farther than trying to figure out how to get your fear to go away.
There are a few different approaches you can take to get rid of your fears and start working. The first is to picture an outcome for yourself that gets you so excited that it completely trumps all of the fears that you have. This result might be purely financial or it might involve having a successful and exciting career that enables you to enjoy more of what you love in life. Whatever your outcome is, it should be so exciting that not even your worst fears could stop you from pursuing it. You should be so thrilled by the idea of achieving this outcome that you don’t just want to start working hard, you need to.
If outcome visualization doesn’t work for you, the other option is to let your dissatisfaction or your anger with your current life circumstances motivate you to push forward towards a successful real estate investing career. Maybe you don’t like your current job or don’t feel like you earn enough money or maybe you’d like to live somewhere else and own a nicer house or car. No matter what you are dissatisfied with, you can use those emotions to help motivate you to push forward with your career in real estate investment. Many people discount these feelings that they have, feeling like they need to push through them in order to be successful, but in fact, it’s these human emotions that are the most powerful motivational tools of all! When you start feeling angry, let it fuel your fire and get you started on your investing dreams.
Once you have recognized what motivates you, you can start to take steps towards your real estate investing dreams without fear holding you back. Opening your mind up to bigger possibilities will allow great things to come to you, because your positive energy will help make that happen. Other people are attracted to those with an open mind and an energetic disposition, so let everyone you meet see just how passionate you are about making your dreams a reality.
Don’t settle for just “average”, keep striving to reach the things you’ve always dreamed of.
Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com