OfflineThis is one of my posts that was hidden within another post I wrote. I had a lot of positive feedback from it so I thought I would make it its own post.
I expected offers to be accepted very low. And to this day I buy houses AT WILL for half price. AT WILL.
Remember, there are 2 types of people.
1. In the process people
2. Results people
In the process people make sure they create a list of things that need to get done, in the proper order, so they can achieve their goals. All the lights need to be green before starting the trip. Plus, as long as they "keep busy" that is getting them closer to the goals. And ya know, eventually if they do the right things long enough good things will happen and their goals will be reached. In the process people think like this: Mike hears about a good deal a few states away that he needs to get to it right away otherwise it will be snapped up by someone else. He goes outside to get in his car and drive there when he realizes it is snowing. He turns on his radio and sure enough their are warnings out that it isn't safe to drive. He parks the car and thinks "ya know, this seems like a good deal, but it is much too dangerous to drive that far and look at it, plus I need to do more research on it just to make sure the numbers work. I will keep busy during this storm checking the numbers and when the weather breaks and the coast is clear then I will go take a look at it. Mike never gets the deals because Matt gets their first. He can't figure out why Matt is so lucky all the time. Mike thinks "I am doing everything right, working hard, but I never catch a lucky break. Real estate just doesn't work.
Results people don't really care about the process that much. They don't cross all of their T'S and dot their i's before getting started. If they get knocked off course they just build a new path. They don't have a set routine. They just see the finish line and nothing else. If their are hurdles or obstacles in their way the just jump over them and don't look back. For example, results people act like this: Matt had to go across 3 states to get to a house he heard was a good deal. He had to get their today because this one wouldn't last. When he went outside he noticed that it was snowing and their were warnings not to drive because it was dangerous. He knew not getting their would be even more dangerous to his financial future, plus he figured if his car got stuck in the snow on the way he would just walk the rest of the way or hitch hike. He needed that deal, he was going to get that deal or die trying. He really didn't think the distance or the snow could stop him from reaching his goal anyway. He got there, got the deal, and cashed a big check.
This is such a big deal and I hope you understand my point. Take action, proceed with intentions of winning, and get the job DONE!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Great example. Basically, do whatever it takes and get it done!
Good to see your posts again, I have missed your die hard words of wisdom. I think you hit it on the head. Jeremy and I have made our share of mistakes along the way. Forgetting about this or that, but the great thing is, even when there was an obstacle in the way, we talked it over and then shifted into OVER-DRIVE to make up for lost time. We don't do big killer deals, but we are doing deals, making money and making a better life for ourselves. Never let a ROAD CLOSED sign keep you from getting to your final destination....YOUR FINAL DESTINATION IS SUCCESS.......Jan
As usual, you guys are right on. I am fighting like heck to break out of the "process" mindset and be a "damn it all" guy. It took me years to get like this but I will keep going until I break that cycle. Thanks guys!
Thanks for the advice and kick in the behind some might need. I think 2010 is going to be an entire year of Over-Drive for Jan and I. If you don't stop working you will find Success!
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
Nothing like a new years kick in the caboose. You always have a great message and for that I thank you. Looking forward to the opportunities in the coming weeks and months and to TAKING CHARGE OF MY/YOUR LIFE.
Great post, to the point and right on the money.
As I was getting ready to update my journal "A newbies journal" I stop by to read this post.
And I start to think, which person am I?
I would like to think that I am a results person. The snow would not stop me from looking at the deal. On the other hand I know that I need to put certain processes into place to keep me heading in the right direction.
Organization will set you free. 90% preperation 10% persperation... blah blah...
I am organized and prepared
this week it's time for result!
Thanx for the post Matt
Risk can viewed and explained in many different ways. I like the snow storm scenario. Kiel and I were working on top of a finish mill (I will post a video on youtube of the many different tasks we do, but will escape with Real Estate) and we had a discussion about occupational risk. We were comparing all of those Reality shows like "Deadliest Catch, Axe Men, Ice Road Truckers, etc." with our own J.O.B. We came to a conclusion with a question "Do any of these professions get inspected by OSHA, and why do they risk so much for what they get in return?"
Deadliest Catch- Risk your life and months or weeks of your time 24/7 at sea with people you love/hate in freezing conditions for about $100K-$150K a year.
Axe Men- Risk your life with many varying conditions, risk your mental health with many easily angered high ego people that you love/hate for about $40K-$100K a year.
Real Estate- Risk being told "No" to your offers until you get a yes for a few hours a week and get paid $1,000-$10,000 or more per deal. Repeat for a few years, quit your J.O.B. and become a full time investor that spend as much time possible with people you LOVE.
How do you define your risk?
Jake Greer
Quad City Real Estate Investors Association
http://www.qcreia.weebly.com
Here is the proof of getting a loan to buy a deal with a 585 Credit Score.
http://www.deansmedia.com/play.php?vid=165
Look me up on Facebook, put in a message when Friend Requesting or be denied. http://www.facebook.com/people/James-Greer/100000908311950
Here is the risk formula for real estate.
< risk= < reward
(the greater the risk, the greater the reward)
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Matt,
Thank you yet again for a great post. How come everything I read of your makes me stop and think about what you wrote? LOL..Great example on keep going after the deal instead of waiting for the perfect situation you create it. Nice to see you so active on this site again!
Earl in MI
DG
2%ER
RBBP
Lifetime Member