Real Estate Investors: Don’t Do THIS!

04/29/2010 | By | 15 Replies More

I see far too many real estate investors make this mistake. Don’t let that be you!

Watch the video below …

(if reading in email subscription, click here to watch video)

Before ya go, leave your thoughts, questions, and comments.

Catch y’all later,

~ Patrick

… aka P-Rid

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Comments (15)

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  1. Janine says:

    ok ok ok … I’m so guilty of hopping around the different aspects of real estate investing. So, today, I take your advice, and I’m going to focus on $80k to $120k homes that are vacant and preferably in probate. Thanks for reminding me of how simple it can be and instead of banging my head on the wall because I’m not getting deals, go out and look for the specific deal I want. Thanks Patrick :)

  2. Carson H says:

    Thank you!! My success story will be coming to you soon. And it is largely thanks to you and others who have mentored me!

  3. Eric says:

    You are exactly right Patrick! We need to stay focused and not dilute our efforts. Good video and great advice! Keep them coming!

    Eric
    .-= Eric´s last blog ..REI Lessons Learned Episode #1 =-.

  4. YOLANDA says:

    Patrick…Thank you soooo much for that tip…I have been tempted many times with all the webinars out there and systems being advertised that it makes my head spin…but I do have a system and I just need to remember,even if its slow, to keep FOCUSED ON THAT ONE THING!…so again, thank you for reminding me. We do get a little impatient and think diversifying in the midst of a beginning investment strategy will make us more money but it can be become a dangerous thing for failure.

  5. Great Advice Patrick, I believe in what you said 100%. I was floundering around in the beginning until I decided to just follow one strategy and nothing else. It really gave me direction. I will say that from time to time I find myself being pulled in another investing direction but have to remind myself about being Laser focused.
    .-= Scott Costello´s last blog ..Mexican Riviera Cruise =-.

  6. Hey buddy! Perfect message at a perfect time in my life. Thank’s and keep the advice and guidance flowing my friend

  7. Marsha says:

    WOW!!!!! Patrick You hit the nail right on the head. I have seen so many good investors start out so excited about what they were going to do and then they go and “chase butterfilies” and never find their niche. These folks are always planning and never taking action. I understand this because we all go through this. It is so easy to get “of the bunny trail” and never get back on. Then we get depressed and quit and we never know what happened. This advice is so crucial to anyone investing in this market. JUST STAY FOCUSED!!!!!

  8. Glenn says:

    Patrick,

    Even though I have been aware of this fact, your advice has nonetheless come at a VERY good time for me. As always, thank you. You do us all a great service.

  9. Diane says:

    Patrick, I can relate to this, I am guilty of trying to go too many ways at once and not getting anywhere…It does not work! Now I am finding that niche and sticking to it. Thank you

  10. Greg Harding says:

    So True! When I was a wandering generality so was the productivity($$$) in my business. Now I am a meaningful specific, well – sometimes I am still a wandering specific, and productivity is GOOD!! Thx

  11. Adil says:

    You are right Patrick. It was great to see you in Chicago at the seminar. I met a few people like who were diffused, but then met many more who were laser-focused deal-makers.

  12. Good stuff. Its so easy to get excited with the all the opportunity out there. Staying focused is key!

  13. Thanks feller,
    You video was useful to get me to completley re-think my investment strategy and expectations.
    Well done!

  14. Patrick Riddle says:

    Whoa … thanks for the all the feedback y’all. This video must have really hit the nail on the head.

    Janine … your niche sounds great.

    Carson … you’re welcome! I’ll be looking for that success story soon :-)

    Eric … I’ll keep ‘em coming as long as you keep taking massive action. Congrats on getting your first deal under contract. Time to convert it into cash.

    Yolanda … you got that right! Stay focused on that ONE thing.

    Scott … sounds like you lived this first hand. That’s awesome that you got laser focused and pulled through. That’s what it takes!

    Justin … it’s funny how that happens isn’t it? You must be in the flow.

    Marsha … thanks for sharing your thoughts with us. And you’re right. We do all go through this from time to time. But, as you know, it’s vitally important to stay focused.

    Glenn … thanks for the kind words. I’m here for you buddy.

    Diane … you’re welcome. Glad you found that niche and are sticking to it :-)

    Greg … I like that one … a wondering specific … haha …

    Adil … great meeting you in Chicago too. Yeah there were definitely some of both at the event. I met some laser-focused deal makers there as well.

    Dave … thanks man. And congrats on getting your first deal under contract. I sent you an email earlier about it. Let’s get it wholesaled and cash in on it for ya.

    Rashid … you’re welcome. That’s great to hear. I’m glad I can help.

    Alrighty, thanks for all the awesome comments guys and gals.

    Keep the comments/questions coming!

    ~ P-Rid

  15. Dusty Keefe says:

    Great advice for any beginning RE investor…awesome video, nice work bro!