| The two major issues that stop investors from | | | | There are multiple financing sources available. You |
| pursuing commercial real estate deals are no time | | | | just have to learn how to access them. Your |
| and no money. In my experience, I've started off | | | | lender will give what it can and the rest will be |
| with practically none of these resources available | | | | made up with money partners. You may be |
| to me, but as I broke these barriers my investing | | | | thinking that you don't have great credit or that |
| career started to flourish and I became a | | | | you don't know anyone who would want to |
| millionaire in under four years. You can sure bet | | | | invest with you but the key is to be open to |
| that I'm glad I got started and once you start | | | | finding other options. Remember if the deal is |
| seeing results, I know you'll feel the same way | | | | good enough, people will want in on it. |
| too. | | | | With all that being said, there are a few other |
| There are many real estate gurus who will tell | | | | qualities that can make or break a successful real |
| you that you need to commit many hours per | | | | estate investor. |
| week in order to get your real estate business | | | | 1) Willingness to learn - successful investors take |
| off the ground. Lots of time commitment with no | | | | the time to learn about properties and their |
| pay off is a quick path to failure. Why? It's hard | | | | market conditions. They take the time to find out |
| to stay committed enough as it is and if you | | | | better ways of structuring deals to increase their |
| start to feel like you're spinning your wheels and | | | | profitability. They make mistakes. They learn and |
| not getting anywhere, it becomes easier to say | | | | they move on making sure to not make the |
| that investing is not working out especially when | | | | same mistake twice. |
| you've got other commitments and priorities | | | | 2) Able to move past psychological barriers - |
| you'd rather be doing. | | | | successful investors have a "can do" attitude. |
| While you do need to invest some time in moving | | | | They are solution oriented and don't stop dead in |
| forward, it's not as much as you think it is. Start | | | | their tracks because they don't have an answer |
| with doing something you can do regularly and | | | | to a problem they face. |
| stick with it until you see results. Now you do | | | | 3) Are people oriented - real estate is a |
| need to be doing something that generates a deal | | | | relationship business. A successful business is one |
| like calling property leads or doing direct mail and | | | | that has a network of contacts and experts who |
| as you start to see results, it'll be much easier to | | | | are used regularly to create more and more |
| commit more time to finding other deals. | | | | profits. That means we act with integrity and we |
| The second most common reason investors don't | | | | make it easy for people to want to do business |
| pursue commercial real estate investing is that | | | | with us. |
| they believe they don't have the money to do so. | | | | Commercial real estate investing is for anyone |
| I started in real estate having less than $800 but | | | | who is willing to do something in order to reach |
| the one thing I learned was that the better the | | | | their financial goals. Whatever you don't have, you |
| deal was, the less people focused on me and the | | | | can obtain with the right attitude and the right |
| more they focused on the deal. | | | | system in place. |