Will You Succeed Or Fail? The Choice Is Yours

There is no such thing as staying the same; you are either striving to succeed or allowing yourself to fail. Real Estate investing is centered around one primary goal...the generation of short and/or long term capital gains. The failure or success of your investing efforts will depend on several factors. Some factors are beyond your control, so your focus should be on those factors you can control. A few controllable factors include education, acting on opportunities, taking advantage of timing, keeping fear under control, and preparing for worst case scenarios.

I know a lot of people who are interested in buying property, but they just can't seem to pull the trigger to make things happen. The greatest losses of all are those from missed opportunities. Unfortunately, potential investors let fear dictate their financial decisions and missed opportunities become the norm rather than the exception. Procrastination is deadly to investing because of the importance of "timing". If you don't act on opportunities that are in your best financial interest, then you will fail to reap the rewards that investing brings.

You've heard the saying, "Misery loves company". If you surround yourself with people who are financially ignorant, you can't expect their support when your ready to make a change to improve your financial picture. They just won't understand that the end (wealth) justifies the means (investing in real estate). It's important to surround yourself with financial optimists that use objective data and not emotion to invest. It is also important that they have a track record of successful investing in up and down markets. Mentors in the game of investing are extremely valuable and their knowledge and experience can help you avoid mistakes they may have made in their past.

The ultimate decision to financially succeed or fail is on you. Get off your butt and take advantage of this depressed real estate market. Stuffing your mattress with money won't make you rich, and yields on bank savings accounts are a financial JOKE! Mortgage interest rates are about to go through the roof. If you miss this buying opportunity, you may never again have the opportunity to have the combination of low interest rates and cheap housing all in one cycle.