This question may seem very obvious or rather familiar to most experts in real estate investment. The very successful ones often ask the newbies why they are not investing in the most proven sustainable wealth creating sector that mankind has ever known.
Well, you may say that this is a little bit of an over exaggeration….well, it might well be..
However, even the most savvy investor who was once a newbie, had this reluctance to embrace real estate, even though almost everyone knows the incredible benefits of real estate investing if done professionally. This reluctance is not necessarily as a result of capital; no, not really…
One of my colleagues in the office who knows a lot about real estate investment (much more than yours truly), often tells me how his father invested in Florida market in the early 90s and how much fortune he has made even after the downturn of 2007-2010. He often reminisces of how his father encouraged him to buy properties in Florida and he never got to taking action….
He spends a considerable amount of time analyzing properties for investment but never bought any…..and he has the funds.
During lunch today, he told me he read one of my posts on retirement planning and real estate, and that he was now willing to strongly consider taking some actions…
Most of us are in this state today: two major challenges we face are indecision (procrastination) and fear: fear of the unknown and inability to take action.
Incidentally, both problems have one solution: TAKE ACTION. Today is the best day to take action to pursue your dreams…whatever that dream is, and you will NEVER achieve that dream if you don’t take action.
The most valuable and limited commodity is TIME and procrastination and Fear are its enemies.
Analysis is good but over analysis leads to what psychologists call ‘analysis paralysis’ and again the cure to this is ‘TAKE ACTION NOW’.
A greater tomorrow, requires action Today!