Why Are You A Real Estate Investor?
Before I dive in here, if you’re wondering where in the heck I’ve been, I’m not surprised. I haven’t been posting nearly as much over the past few months… whew, just been super busy.
I’ve had a few BIG projects on my plate that have been consuming my time… editing/updating the entire written manual of my Private Money Blueprint system for 2011 (releasing the new version in a couple weeks), just took on a new group of Platinum coaching clients, working on a few new deals, among other projects (can’t let the cat out of the bag yet on these… top secret stuff :-)
Anyway, I’m still here… and am going to get back on track posting awesome content and resources consistently for ya.
Now for today’s post…
“Why are you a real estate investor?”
Are you an investor because you want to replace your income and quit your 9 to 5? or you want to be your own boss and do what you want, when you want? or you want to make your millions and retire to the good life?
All of these are great reasons to invest in real estate. BUT…
… what if we took it one step further… and looked not at “what’s in it for me”… but “what’s in it for others”?
What if we focused on how many people benefit from what we do as real estate investors? What if that was the motivating force, our “why”, for being an investor?
I can tell you from experience… when you focus on helping other people, when you focus on truly serving others, magical things happen.
Seriously.
When you help enough people get what they want, you’ll get what you want (I think Zig Ziglar said that).
I got an email recently from PMBPer Bryan McClaskey which spawned this post… because he recently closed his first private money deal (whoohoo! congrats Bryan!) and made a list of all the people who benefit when he does a rehab deal with private money.
Here’s an excerpt from the email he sent me:
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1) the seller gets rid of their property
2) the seller’s bank gets a non-performing asset off their books (assuming it’s a short sale, in foreclosure or an REO)
3) the real estate agent(s) make a commission
4) the local economy… all the contractors and suppliers get paid for work on the rehab
5) the neighborhood… the neighbors are happy to see an ugly house that was bringing down neighborhood turned into a pretty house
6) the buyer wins by getting a safe, clean, affordable home
7) the private money investor gets a good return that they can’t get from the traditional market
8) and last but certainly not least… I make a nice fair profit in the process
I found my calling! my purpose! just the thought of helping all those people keeps me awake at night!
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I love it Bryan! That’s the mindset that breeds success, that breeds wealth!
Thanks for letting me share your email with everyone here.
Alrighty, that does it for now.
Get out there in the REI trenches and go help some people :-)
- Patrick
P.S. – Bryan sent me another email because he thought of more people who benefit from his transactions… “the buyer’s lender, the appraiser, the buyer’s home inspector, the pest control company, the insurance agent.” Nice!
P.P.S. – Can you think of anyone else who benefits from your deals? If so, toss ‘em in the comment area.
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Patrick Riddle: