THE FOUR MOST IMPORTANT WORDS IN REAL ESTATE INVESTING: “WHAT’S BEHIND THE CURTAIN?”
A man may fail many times, but he isn’t a failure until he begins to blame someone else.
—J. Paul Getty
The next two weeks passed by in what felt like record time. During that period, I closed on another 20 buy-and-hold rental properties, all of which had been negotiated in the previous months. You’ll find that there will be some months when you purchase no property and others when you are overwhelmed with solid deals.
Because I have built such strong relationships with the professionals that I need on my real estate team, including a lawyer, bankers, accountant, realtors and property managers, closing on these properties was almost boring. Yes, that’s right, boring. While there is always a bit of excitement whenever you take possession of a new property, the process itself has become boringly precise. And this is as it should be.
Make your investing so automatic that it becomes boring. It will then allow you the freedom to find excitement elsewhere in your life!
That’s the key: your job as an investor is to make the process so automatic, so systemized, that it becomes boring, and then don’t mess with it. The mistake many investors make is getting the system working well, and then altering it to put some excitement back into it. They look for adventure, when they should be looking ...