It’s true that real estate investing is capital intensive.
It is however also true that there are proven ways to successfully venture into, and succeed in it even when you have little or no money of your own.
By implication therefore, a lack of (enough) money should not, and cannot stop you from succeeding in real estate investing, if you venture into it.
And therein lies the problem for a large majority of people:
They lack motivation, of the sustainable kind, to act on the opportunity they discover to venture into real estate investing.
To make matters worse, many tend to have a psychological need to seek the opinion and/or get the approval of others, before they can confidently go after their goal.
Unfortunately, history has shown repeatedly that people who succeed in life are often those who rarely hesitate, but are instead often VERY decisive – to the extent that they tend to know when to tune others out, and refuse to be dissuaded from doing what they set their minds on doing.
The problem is that many people today lack the self-assurance to think for themselves and make up their own minds.
As a result, they open themselves up in a way that leaves them vulnerable to being taken advantage of – or misled – by selfish/self-serving others.
Let me share a true story, to illustrate the point I’ve made above…
Sometime ago, I was talking real estate on a radio show I was featured on, when the presenter took a question for me, from a caller:
The caller asked: Mr. Lanre Karim. Real estate business need a lot of money to start don’t you think?
My response was as follows:
Remember, this broadcast is not, about starting the business, but, it’s about the following notable quote that should motivate you.
“Don’t wait to buy real estate, buy real estate and wait.” – T. Harvey Eker
Why?
It’s because, buying real estate especially, landed property and perhaps building, in the right season, and in the right developing area can deliver splendid opportunity for profit-making real
Estate Investment returns at your door step.
Sadly, some people are either unaware of this truth, or they continue waiting for a friend, sister, cousin, or even enemy (smiles) to consult, and possibly decide for them, despite feeling convinced in their minds that they need to go ahead and invest.
In other words, they do not feel their conviction is enough and want to have extra assurance from others, to give them the courage to act.
In some cases too, procrastination and skepticism tend to be two major and common factors that discourage undecided prospective investors from going ahead.
Regarding the dangers of depending too heavily on the opinions of (potentially self-serving) others, the case of a lady who worked with an oil services firm comes readily to mind
Following a presentation I’d done in their firm, she had resolved to sign up for an attractive and limited real estate investment offer.
But at the last minute she chose to mention it to a coworker in the same firm, who promptly discouraged her from doing so, only for that SAME coworker to call us a week later to make the SAME real estate investment purchase for herself – perhaps after thinking the offer though diligently on her own!
Can you imagine that?
I only got to know what had transpired when a short drama later took place, between the coworker (who had now become our client) and the colleague that she had discouraged from making the same investment a week earlier!
In summary, the lady that was discouraged from investing by the coworker she consulted, ended up missing out on the investment opportunity and was naturally upset about it.
But she was ultimately to blame – for NOT trusting enough in her own judgment and depending too heavily on the opinion of others.
Would you like to know the details of what happened during the drama that I witnessed between them that day in their office?
Click here to sign-up if you’re not yet a subscriber, so as to get notified when I do!
The lesson to be learnt from the above true story is that you must develop your ability to make prompt and timely decisions, if you want to succeed in real estate investing or indeed in any venture in life
You need to learn how to do a critical analysis of any opportunity at the right time, so as to take the right decision when it matters most and save yourself from future regret.
Are you one of those people, who have the unhealthy habit of discussing potentially life-changing issues indiscriminately with colleagues or even relatives, without first establishing that they have your best intentions at heart?
Remember the above story and beware of the fact that people can discourage you, from taking action, having seen the benefits/profits that the opportunity you’re considering can yield for you.
As happened with the lady mentioned above, they can discourage you (due to envy or jealously) from seizing that opportunity, only to go behind, your back to claim it for themselves at your expense!
I urge you to dispense with that mindset of dependency, today, and train yourself to develop self-assurance so you can take timely action to achieve your goals in life.
Click here to contact me if you need help making use of the ideas I’ve shared in this latest issue of my Real Estate Investment Chronicles (REIC) newsletter.
Visit my blog – click here – to read more useful articles to educate yourself at www.lanrekarim.com/blog
To get Personalized Real Estate Investment Coaching from me, including practical tips and insights to help you safely navigate your way to success, while avoiding common mistakes click here to request details.
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TIP: If you need help making use of the ideas I’ve offered above, or wish to learn more, contact me using the form on this page – click. For more useful articles, true stories, case studies, special reports and white papers on real estate investment, sign up to my Real Estate Investment Chronicles™ mailing list.
SIGNATURE
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Lanre Karim – Nigeria’s Real Estate Investment Advocate (REIA) ™ – is the author of the Real Estate Investment Chronicles (REIC) ™: a thought-leading online publication that features tried and tested Real Estate Investment strategies– and solutions – for everyday persons.
Over a decade of hard won experience backed by extensive client testimonies and sales based referrals by satisfied clients, make Lanre Karim’s LREO (Larry Real Estate Organization) a preferred provider – in partnership with Pwanhomes Ltd – of cheap, affordable and dry landed properties, at Ibeju-Lekki, Eleko, and Ahoyaya area of Lagos, Nigeria.
Our demonstrated passion for delivering pocket-friendly, customer focused solutions in “C of O” processing, Estate Development and Management, gives us a unique competitive advantage that’s making an increasing number of smart thinking, results focused clients prefer to invest with us.
At Larry Real Estate Organization our business purpose is not just to sell real estate properties, but also to provide customer focused REAL ESTATE INVESTMENT decision making solutions.
This is why our clients are our most fervent advocates. They rave about what we do for them, so that over 70% of our new sales come via referrals. We focus on helping YOU come to a decision you are comfortable with, about taking the decisive step to invest in real estate.
This is done through the experience based expert information and education we offer – with no strings attached – to get you from being a novice or beginner, to a well informed and discerning enthusiast/buyer.
History has shown that the resulting transformation in the thinking of persons exposed to the above, equips them to invest wisely in landed property, for profit. Many of our clients (based within/outside Nigeria) are today proud owners of serviced plots of land at Paradise Gardens, Oakwood Gardens, and Phase 1 & 2 etc.
Our lands are gazetted and also come with excellent titles: C of O, Deed of Assignment, Registered Survey and Layout at a high rate of appreciation. We deliver what we promise: That has been the experience of clients we work with. And that is why our reputation continues to grow. You can have a similar experience if you connect with us. You’d be making no commitments.
Lanre Karim has been advocating self-education for investment in real estate as a strategy for adoption for years. The current difficult socioeconomic times we’re in make Lanre’s message about the multidimensional potential benefits of real estate investment more compelling than ever before.
This is why he has launched www.lanrekarim.com to offer true-story-based information and education for persons in need of expert guidance towards investing successfully in real estate. Access to both contents will be free for the most part.
So you owe yourself the duty to avail yourself of the opportunity to at least get better informed and educated about your intended investment. Get started arming yourself with valuable information and education by tapping from Lanre’s well of real estate wisdom via his Real Estate Investment Chronicles (REIC) ™ – click here to sign up now.
![[REIC 041] Lack Of Money Cannot Stop You From Succeeding In Real Estate, But Lacking Self-Assurance Can [True Story]](https://cdn.blogarama.com/images/posts_thumbs_site_id/12900/1289988-1420938225.jpg "[REIC 041] Lack Of Money Cannot Stop You From Succeeding In Real Estate, But Lacking Self-Assurance Can [True Story]")
