Passive real estate investors can fall into this temptation to keep their investments at arm’s length. After all, they’re not really responsible for the outcome, right? They’re just putting the money in. Someone else is really handling it. If things go south, it’s not your fault. You keep a loose grip on things just in case you have to pull your ripcord and stop your freefall because the ground feels like it’s just getting a little too close.
Embarking on a new venture is always fraught with some level of struggle. Whether it’s late nights up worrying about the right next steps, whether or not your choices were the right ones, or wrestling with your own limitations and inexperience, it’s just a tough time.
This is certainly true as it relates to new real estate investors.
Topics: investing mistakes to avoid
When you’re a passive real estate investor, you have to reframe how you think about the real estate market. Other investors and even homebuyers all have a different approach to why they buy properties when and where.
Passive real estate investors have to take a unique approach when selecting their real estate markets if they hope to achieve long-term financial success.
Topics: real estate market
Where are your limitations?
While many of the limitations we face in life come from outside forces, many times our limits are self-imposed. So many times we subconsciously fabricate. They can come from years of experience, from what we've been taught, or even from our own fears and reservations. These limitations can impact every area of life, including our potential for financial freedom.
Have you ever been given advice that just seemed backward at the time? Maybe it didn’t make sense until you put it into practice. Then maybe, just maybe, it all clicked. It can be tough to follow advice that seems counterintuitive, especially when it comes to our finances. If something doesn’t make immediate sense to us, taking that leap of faith can be tough.
Topics: investment strategy
It has been a little over a month since my book, The Turnkey Revolution released and it's been quite a ride! In fact, last month it reached #9 on 800-CEO-READ's Business Bestsellers for May of 2018. It also hit #1 on Amazon's Hot New Releases List for Buying and Selling Homes. I'm thrilled with the success of the book, but even more excited for the readers who are now more educated about turnkey investing!
There’s one thing at Memphis Invest that we believe stands between an investor and their success: their purpose.
Before you begin your journey as a real estate investor or as any kind of investor for that matter, you have to ask yourself why you’re investing in the first place.
If you could name one thing holding you back from a career investing in real estate, what would it be? There are plenty of things you could name. A lack of resources. A lack of experience. A bad market. Ultimately, though, the biggest thing standing in the modern, would-be investor’s way is a lack of time.
Whenever we see a headline proclaiming that yes, you too can become a millionaire, it’s natural to be skeptical. The majority of us have a pessimistic view of our money and our ability to make it work for us if we have no experience doing so. We don’t know if an investment will work out, if we can effectively grow our net worth, or whether or not we can construct the financial future we envision for ourselves.