If you’ve invested any amount of time in real estate investing, you know that there are a variety of learning aids available. Some of them are very low cost or even free. And others can require an investment of $1000 or more.
Low cost and free resources include books at your local bookstore or your favorite online reseller or even at the library where they will cost you nothing but your time to read them. Lost cost materials are typically $30 or less.
High cost options include the myriad multimedia courses and seminar training events available by the experts in the field. These can range from $100 to several thousand dollars.
You feel the course is good but you also have a bit of buyer’s remorse because you can’t seem to figure out how to the knowledge work for you.
The shocking truth is that the course doesn’t work for you because you don’t integrate the teachings of the course into your repertoire of investment tools.
And that is understandable because there is a vast difference between experiential learning and "book" learning. The courses are great at teaching book learning but they cannot teach you experiential learning.
Some make the attempt by filming useful experiences like house inspections, recording calls with potential sellers and buyers and storytelling to bring the feeling of "being there" to the person who purchases the materials. And these extras are great but still not the same as doing it for real.
What I have found personally and commonly see in others is that there is one small gap in the course buyer’s knowledge that prevents him from moving forward. This small gap causes a huge amount of fear. And fear makes it impossible to move towards success.
Get rid of this fear and you will have success. I know that it is very easy to say "get rid of the fear" and often much harder to do so. But really it is quite simple. Here is how.
First you need to identify what your stumbling block is. What is it that is preventing you from moving forward to become a successful real estate tycoon? Is it not knowing where you will get money for the deal? Or maybe fear of making a low ball offer to a seller? Or… well you get the idea.
Write this fear down in big letters on a sheet of paper.
Now ask yourself how you could solve this problem. What action plan can you build to remove this fear?
If you are afraid of talking on the phone to strangers, maybe you can get a night job for a few weeks as a telemarketer. After doing that for a bit, you will never be afraid of talking on the phone again.
Or perhaps you don’t know how to get money for a deal. Well, make appointments with a few mortgage brokers. Invite them to lunch and ask them all the questions you have. Do the same for a few hard money lenders.
Once you identify your fears that prevent you from moving forward and build a detailed roadmap to overcome your fear and most importantly take action, you will have just taken the first steps to success.
In fact, once you get rid of that fear and take those first steps towards success as a real estate investor, go back and reread those courses you bought. I guarantee you will see them in a different light. Things that puzzled you will suddenly make sense and you will be presented with a wealth of techniques that you can use to make more money than you ever believed you could.
You see, it isn’t a matter of the real estate training failing you when it doesn’t work. It is a matter of your mental state being close to the new ideas, techniques and information you are being exposed to. Once you remove those blocks and look at the material with a success oriented mental state, you will find gold in those words and CDs and DVDs.
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