Don’t Quit In Real Estate Investing

Submitted by: Nick Cifonie

I want to share something that you “old-timers” might remember. Remember the old Timex watches? When we were kids, the big campaign was “Takes A Lickin, But Keeps on Tickin”.

It’s a good time to be in real estate, as long as you substitute your tactics. There are a lot of investors getting out of investing right now as they are planning to investing with old methods. They are doing what was taught 5 years ago, in the heyday when it was so easy to sell a house, find a buyer, and get people financed. But that’s not applicable today. In times you meet successful people who are successful you wonder, “What makes me different from him? Why is he doing 6 deals a month? What his job that the earns money, when I’ve been out here struggling?” It took me a year before I got my first deal closed. There is only a little teeny tiny difference between successful and non-successful people. The difference is that the successful people don’t quit and they keep on going. Think about it. If you put a successful and non-successful guy right next to each other, they look pretty much the same. We have the same amount of hours in a week. We have brown hair or we are bald, we’re short or we’re tall, we’re fat or we’re thin. There’s really not much difference between successful people and unsuccessful people, the successful ones have a lot of money, the have more bucks!

You wonder why. It’s because they kept on going when things got tough. They are not affected on what people telling them they can’t do it. Nor listen to the people that told them it won’t work. Think about it. When you first decided to get into investing, I bet you that half or more of the people you told, especially the people you are close to, told you it wouldn’t work, and that you should get a real job. Everybody “knows” someone who lost their butt in real estate, right? You hear the stories and I heard the stories too, from relatives. Don’t listen to outside people.

Keep an eye to those people who are successful and continue investing. The ones that make it work just a little bit harder, maybe they did just a little bit more, that extra 2%, that extra 5%, that extra 10%. If you don’t give up on yourself, it will make you rich. That’s the difference. Don’t give up on yourself. All investors face challenges and struggles. We all do. I was in the business close to a year before I got a deal done. I just refused to give up. My Wife and other people told me to give up. It made perfect sense to give up, but I wouldn’t. The difference is, is that I was too stubborn to quit. Once you quit, you really fail in this business.

I want to tell you about someone I know. He grew up in an average neighborhood in a lower-middle class family. He lost both of his parents due to cancer when he was young and essentially became an orphan. He dropped out of college because he was broke and had no money left to pay for his education, and found himself sleeping on the streets and living in $50 a week hooker and drug hotels. He at last got a job and went out and learned how to do something. He went into sales, opened his first business after copying what he learned in his first job, soon went out of business and lost his house to foreclosure and was then $150,000 in debt. He went out, got another job, got back on his feet, paid off his debts, quit his job, and opened another business because he didn’t want to work for anybody else. He was soon after that hit by a truck and suffered severe injuries! He was prescribed Vicodin and as his pain got worse, and his tolerance got higher, the doctor prescribed him more Vicodin. He found himself terribly addicted to pain meds and found a way to buy them online. He soon had a 40-50 pill per day, $2,000 a week habit. He found a doctor that literally saved his life, and got him off of the Vicodin. Because of all of that, he lost the second business that he had opened and was now almost $200,000 in debt. He got a job back in the original industry that he was in 15 years earlier, discovered real estate investing, and is now a successful investor and coach! That’s me folks!

You know, the successful people, you don’t hear about them. They don’t share about their trials and tribulations. You look at them driving those fancy cars, living in those big houses, and touring all over the world. They didn’t just get there by magic. They worked hard for it, and they never quit. What’s the alternative? Work for 40 years for 40 hours a week and retire with a Kool-Aid party sometime in the future? Don’t quit folks. I don’t care how tough it’s been or how much money you’ve spent. Keep on plugging. And if you are doing this business smart, you shouldn’t be spending a lot of money! You should be putting in your time, but you don’t have to spend a lot of money to do this business right. When you think that you are spending too much money, or trained the wrong people. So, if you are investing, keep on making offers. Don’t Quit!

Just continue hanging there since the alternative is working for someone else for the rest of your life. Whether you are working for yourself and making yourself rich or happy, and coming and going as you please. Or, you are working for someone else and making them rich. There are very few industries where you can write your own ticket. It works if you are a famous actor, a great athlete, or writer. There are niches that you can work for someone else and make a boatload, but there’s not a lot. Now, when I say “boatload”, I don’t mean to get a good job and make $80,000 or $90,000 a year. I mean $100,000 a MONTH money. You are not going to make that working for someone else. It’s not going to happen! Don’t Quit!

About the Author: Nick Cifonie is a long-time real estate investor, speaker, and mentor. Members can watch the series described above, as well as login to the private area and get free seller leads, and free videos by going to:

REI-TV.com/

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