The Club Mastermind Blog

Dec
10
2008
This Stops Most Investors Dead In Their Tracks...

In one of our recent Seeds of Success, you read about the book, The Last Lecture, by Randy Pausch. If you haven't read this book, I highly recommend it. (I gave away 5 copies of it last Saturday to "Help Days" attendees.) It is filled with great commonsense insight. In today's world, it is both refreshing and touching.
 
In another chapter of his book, "Romancing the Brick Wall", Randy talks about his trials and travails wooing his wife Jai. As a life-long bachelor and Jai having been married once already, Randy was ill-equipped for the resistance Jai was presenting.
 
And Jai did not want to move quickly or at all into a relationship she was unsure of. Hence the brick wall. A wall that Randy was determined to go over, around or through to win Jai's affections. Which of course he did.
 
From some of the most routine events in our lives, as in the life of Jai and Randy, come some of the most profound lessons.
 
How many times have you been confronted by a "brick wall?" In Randy's case, this wall was real. Jai put up the brick wall and Randy had to go through it.
 
In your case, are the "walls" that you confront real, or imagined? Or even self-created? And regardless, are you stopped by them...letting these walls kill your dreams and aspirations...or do you find a way to go over, around or through them, as Randy did?
 
And once again...I am sure you are scratching your head wondering...Pete...what has this got to do with real estate investing? And, again I will respond...EVERYTHING!
 
Let me give you a few real-life examples - that I have witnessed time and time again:
 
Investors who quit the game, because they believe they cannot get their deals financed. This may be a real brick wall for some. But, more than likely, it is a perceived, self-created brick wall for most. Created as an excuse...so that they can rationalize that they "could" have found the deal, IF they had financing.
 
This brick wall is one of the easiest to overcome...assuming you know how to approach lenders...or seek out a coach, like Club members do, who has this part of the game handled.
 
Or, being afraid of making low ball offers. Because, many investors say to themselves, "what if I insulted the seller?" Or their worst nightmare, "What if my offer(s) got accepted?" I know a whole bunch of Club members who love this kind of problem. But then, I also know a few who are afraid to make offers, because they just might be accepted... Again, The Club is there to help these members to overcome this 'brick wall.'
 
I think you get my drift. I have always maintained that the mechanics of real estate investing are easy. It's the brick walls, mostly perceived, not real, that, in my opinion, keep you from achieving the success you are seeking as an investor.
 
'Do I have a solution,' you may ask?
 
Well, yes, at least a short-term one. And that is our live events. By getting out of your own head, and finding out what other investors are doing - and how they are handling the same challenges that stop you 'dead,' you can find a way to move forward.
 
To the right are a series of events and resources you can use and participate in. Be sure to take advantage of them!
 
I look forward to you joining us...
 
Pete
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