I attended last week’s meeting and noticed that many members described themselves as beginners who are trying hard but haven’t found success yet. The two most common challenges they mentioned were a lack of knowledge and a lack of money.
If this business were truly that complicated, I would never have achieved any success myself. When I got started, there was no internet and no personal computers—just a few books at the library by authors like William Nickerson, Robert Allen, and Albert Lowry. Interestingly, the advice in those books is still relevant today and echoes strategies found in real estate books from as far back as 1925: buy a house or small apartment building, renovate it, and rent it out. While the tools and methods for finding deals have changed, the basic concept remains the same.
The most important factor in achieving success in any field is a strong desire to succeed. But you should also ask yourself: Am I doing this just to make money, or do I actually enjoy the business? Many people who fail in real estate get involved because they fall for get-rich-quick pitches online. If you don’t enjoy the work, it’s unlikely to be worth your time or money.
Now, regarding money—there are plenty of people with wealth who are looking for a safe return on their investment. Have you considered simply asking?
If you're just getting started, I encourage you to reach out about the problems you're facing. Let’s work together to find solutions.