View from the Top: Patience and One Step at a Time is Key to Reaching the Top
By Justin Anderson, Real Estate Broker, AORE
I am not a sophisticated real estate investor. In fact, what I do is very simple and uncomplicated. Some might even say “boring.”
However, I like it that way because any time in my career where it has gotten really exciting, it has usually been really expensive, too.
Real estate investing works best when you don’t over complicate it. The game is simple: Buy a house, rent it out and let the tenant pay it off for you. Rinse and repeat.
Where I see investors run into a lot of trouble is when they start focusing on what other investors are doing and the rewards others are receiving. They stop focusing on simply playing the game one step at a time, buying one deal at a time. They look at an investor who has already climbed the Empire State Building and they focus on how awesome his view must be and how they want to have that view.
But they often don’t really want to put in the work. They just want to enjoy the view. They don’t see the thousands of steps it took the investor to get up there. They only see the reward that investor is receiving now.
That’s when it starts to get really exciting! Now they start conjuring up ways to get 20 years of results in six months or less. Forget climbing stairs! I’m going to figure out how to leap tall buildings in a single bound!
As a result, they start chasing all the wrong things.
Those who persevere eventually figure out that no two real estate deals are the same anyway. So looking at another investor’s success and measuring your returns or results against theirs is totally senseless.
If you want to truly achieve success in your life, start by getting rid of the measuring stick. When we stop worrying about judging our success based on what others have accomplished and simply focus on doing the work, amazing things will begin to happen in our own lives.
The thing is, today there are so many deals out there. We live in this amazing little gold mine here in Augusta! But what is a deal for me is not a deal for you, and vice versa.
The skills, knowledge, time and resources you have available are unique to you. As a result, the deal you are going to look for to meet your investment needs is also going to be unique to you.
Get rid of the measuring stick and simply focus on putting together your next deal. The most awesome part is, if you just keep taking one step after another, before you know it you will be standing at the top of your Empire State Building enjoying your breathtaking view, too!
For more guiding investment principles and to meet other active local real estate investors in the Augusta area, join us at the next AORE Smart Session, where a local successful investor will share their story of how they have built their real estate investment business right here in Augusta. Our next Smart Session will be on May 14 at the Savannah Rapids Pavilion. The doors open at 8 a.m. for coffee and networking, with the Smart Session beginning at 8:30 a.m.
Justin Anderson is a licensed Real Estate Broker in Georgia and Oklahoma, and has been a full time real estate investor for the past 18 years. He is the co-founder of AORE, a Real Estate Investment Training and Education Company with offices in Augusta, Oklahoma City and Philadelphia. For more information, visit AORE.com or email email@example.com.