Website design By BotEap.comBehavior Modification of REAL ESTATE Investors Leads to a Massive 800% Increase in Investment Rate! Most residential real estate investors invest with their hearts instead of seeing their investment as a business, a business that needs to generate cash flow to cover the transaction; these investors are content with a return often in the 2% range or even worse. in negative territory. When asked, the investor will say that he is looking for capital gains and tax benefits, so he is comfortable with an investment that shows a negative return.
Website design By BotEap.comThis form of investment strategy is endemic in residential real estate investing, and investors are conditioned to believe this is a good thing. To maximize your profits take note and avoid the following pitfalls, this will require a major adjustment in your investment thinking and behaviour.
Website design By BotEap.comBehavioral traps to modify:
Website design By BotEap.com1. Don’t fall in love with your investment property: Many real estate investors make an unnecessary mistake when they start their real estate investing career. They look at your investment property in the same way and with the same feelings as when they buy yours. home to live in and this is a critical mistake as emotion rather than business acumen takes control, and investment principles fly out the window. The investment must embrace the principles of sound investing and investors must view the investment as a vehicle that will deliver the results they seek without issue. Let me explain again, when buying an investment property it should be all about the numbers and nothing about the emotions, look at the financial status of the properties. Without a doubt, let emotions dictate the purchase of the house you intend to live in, where you would ask yourself emotionally charged questions like “I like” the house, “will I enjoy” living in this neighborhood, and the numbers, if they are calculated at the end. , liking and enjoying are emotionally charged topics.
Website design By BotEap.com2. Change your behavior and start becoming a successful investor by evaluating real estate investing by its numbers and financial status. Start asking questions like “Can I buy this property at a discount or full sale price?”, “Is there enough space for a healthy layout if I use this property as a cash flow tool?” margin I can get above cost of money to buy this investment.” TIP: Keep emotions out and numbers in, you’ll be glad you did.
Website design By BotEap.com3. Don’t be greedy: A major pitfall, especially for quick money investors, is the danger of becoming greedy, very greedy. They get a great wholesale deal on your real estate investment and then try to sell it well above retail price, rather than at or slightly below retail price. This blocks the sale and the hapless greedy investor has to hold on to the property for a longer period of time and will invariably end up taking less than he could have if he had sold at or just below retail price. Greed costs you more than profit, so stop being greedy. Hear being greedy, especially on quick cash deals, will come back to bite you.
Website design By BotEap.com4. Remember that the beauty of fast money is the fast part. Price your quick deals to move quickly, you’ll end up making more money than if you were being greedy.
Website design By BotEap.com5. Why are some investors prone to being greedy? It is because they subconsciously fear that this deal will be the last. I call this the scarcity mentality. Don’t fall prey to it. There are plenty of deals out there and this definitely won’t be the last, unless of course you want to. Start cultivating an abundance mindset, instead of a scarcity mindset, move forward by pricing your deals to make money and sell fast.
Website design By BotEap.com6. Believing that you know everything: nobody likes to know everything… do you? This is a terrible trap that many investors fall into and it is particularly prevalent when it comes to investing in real estate, and it gets worse after you have been investing for a while. They think they know everything there is to know about real estate investing.
Website design By BotEap.com7. Listen, the market is always changing just because something worked yesterday doesn’t in itself mean it will work as well today, not only is the market changing but also the rules and laws that govern real estate.
Website design By BotEap.com8. Real estate is always in a state of flux There is always something new to learn in the field of active for-profit real estate investing. Maybe the learning curve has eased for those who have learned the basics of real estate investing, maybe there isn’t that much to learn, rest assured, you will never stop learning and there will always be surprises in store for those who know it all.
Website design By BotEap.com9. Instant Gratification: Remember that there is no free lunch and it is definitely not an easy way to get rich. It takes time, effort and hard work. it’s just not going to happen. Unfortunately, far from many people from all walks of life, and sadly those who should know better, all want the “instant fix”, the “silver bullet”, “The Secret”, to making millions. They all have one thing in common: they crave the “secret” and even if there was a secret, they would want someone else to do it for them.
Website design By BotEap.com10. Sorry to disappoint, there are no secrets, just common sense, effort and follow the principles of good investment, now this is where the vast majority fail, they do not follow the principles of good investment and if they started to follow these principles, then some successes seek to take shortcuts which invariably cause them difficulties, you often hear these people moan why me… If you really want to be financially free and wealthy, treat your investing like a business and make sure it generates cash flow.
Website design By BotEap.com11. These four great psychological falls affect potentially successful investors, to overcome them you need to modify your behavior starting with your way of thinking.
Website design By BotEap.comNot convinced? Do you want to know some secrets that the rich use constantly?
Website design By BotEap.comSecrets revealed below…..
Website design By BotEap.com1. Take advantage of your positive thoughts and make them come true. What you believe will be
2. Prepare to go beyond your current circumstances.
3. Fosters the ability to believe in yourself
4. Set and achieve goals
5. Learn to try
6. Take responsibility for all your actions, stop blaming others when things fail or don’t happen as planned
7. The willingness to do whatever it takes
8. Buy property like a business and don’t tolerate losses
9. Buy property right and never overpay
10. An aversion to debt, borrows only what you can comfortably repay and still make a profit
11. Manage your investments like successful businesses
12. Talk to and follow successful people
13. Have a positive mental attitude.
14. Take responsibility for your actions, if so it’s up to me.
Website design By BotEap.comAs you can see, there isn’t much that separates the rich from the poor, no, it’s not the amount of money. You could give a poor person a million dollars and after a few months he would be poor again, because he has not developed the previous fourteen points. Being rich is all about you, your thoughts, your beliefs, your attitudes toward wealth, the money from riches, and yourself. Your mind is the secret for you to be rich or poor.
