How To Be Successful In Real Estate Investing - Biggest Successtip

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Summary

Hey, everyone. Mike Wolf here from Mike Wolf Mastery. Today, I’m going to talk about one of my biggest success tips which is very obvious and straightforward. Today, we’re filming by the way, in a town in Estonian Eastern Europe. Ironically, if you knew me back when I was in school, my least favorite subject was probably history. I hated reading about history books. It seemed useless to me and yet, here I am. One of my favorite things to do is travel the world and see history.

I love to see stuff that happened. This place was built long before US and Canada were even discovered before they were countries.

The moral of the story is, you can read books all day long, you can take courses all day long, but the number one thing you need to do is you have to go out and take action. Quite often, it’s difficult to do because we want to make things perfect. We want to know everything there is to know about real estate investing. I’ve been doing it for almost 30 years, and I don’t know everything about real estate investing. There was a time, way back when I had a hard time taking action. When I bought my very first property, I almost talked myself out of it because I thought, “I’m screwing something up. I’m missing something.”

I started to second guess myself, and it would have been effortless to walk away and say, “No, I’m just not going to do it. I’m not ready.” Had I not done that, I probably wouldn’t be here today, shooting this video, teaching you how to be a better real estate investor. One of the keys is to take action, even though things may not be perfect. You’re going to do some due diligence. You’re not just going to jump into the first thing that comes across your plate. You’re not going to jump at every single thing that somebody sends to you regarding the “opportunity,” but you’re going to do your homework.

Then instead of suffering as most people do from paralysis by analysis, you need to a certain point where you’re comfortable enough to take the first steps. Often, it’s very difficult. Once you do that, a lot of things that you don’t have clarity on will become apparent to you. As you get out there and start to figure out how to make your new alternative into something that pays you a paycheck, you may not know every little piece of the puzzle, every single thing you’re going to do, but you’re going to get started by taking action. I call it inspired action, and I call it taking the imperfect action because it’s never going to be perfect.

Each time you do something, you’re going to get a little bit better at it, you get to learn something, and you’re going to become more confident once you get through that first deal. It becomes a lot easier to do the second deal. You got to start somewhere. One of the keys is to take action, but also learn from other people who have been down that path before you, who have already made those mistakes. It becomes a lot easier when you’re working with people who have done it before you. So, I invite you to check out my free passive income master class. You can click a link in the description below, it will take you there, absolutely free, as I mentioned.

Let’s keep this learning going. So, I invite you to do the act, also to subscribe to my YouTube channel. I’m always creating new content for you, and they are absolutely free. Check out all the stuff I have created in the past and all the new stuff that is out there for you. If you want to share this with your friends who might benefit from this, like this and keep watching. Thanks again, I’m Mike Wolf. I look forward to seeing you soon.