The Successful Real Estate Investor Mindset Part 2

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Shiny Object Syndrome

How do you decide which opportunities you take advantage of? In Real Estate investing, investors are looking constantly at shiny objects. We call them houses to invest in. The secret to dealing with it is to follow the Math: The After repaired value x 70% minus the repairs costs.

Everyone has Shiny Object Syndrome.

How do you manage SOS?

Focus on your passions and make progress towards your end goals. The value of a coach is that they keep you focused.

Paralysis by Analysis

Don’t over analyze your situation and projects.

Warren Buffet: “I’ve made more money in my career by NOT getting into projects, than what I have gotten into.”

Jay and Chaffee discussed their recent Mastermind, where they worked on their members’ business.

When it comes to money, the more you wallow in it, the more sticks to you! Be with people who are going in the same direction as you are.

Pruning

Every year, look at what you are doing, spending your time on, your relationships and prune the shrubs.

Track your activities and evaluate how they are doing.

Measuring results is the only way to improve.

Be a good listener.

Focus on listening to the person in front of you.

Warren Buffet Success Habit

Warren Buffett’s secret to success is intense focus — instead of doing more, he does less.

He once told his pilot that in order to reach his goals, he needed to do three things.

The first was to write down his 25 top goals and then circle the top 5 most important. Then, separate the top 5 into their own list — and goals 6-25 get put on a ‘not to do’ list.

Ignore everything on the ‘not to do’ list until you’ve achieved your top 5.

Register for the Real Estate Cashflow Conference:

Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

Register for the Real Estate Cashflow Conference:

Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

What is Real Estate Investing? Live Cashflow Conference