Remember Monopoly, it was a game of joy and luck, where you buy and sell houses, property and hotels. It is a great game but what makes it great is the strategy you have to use. People spend hours planning out how they are going to invest, and where they are going to invest, and how much property they are going to have, and how many houses the want to buy, or sell.
So, what happens to all that strategy in real life. Did it all get thrown out the window? Real estate investing in real life takes that planning and that strategy too. Ok, so maybe it takes a little more determination, and a little more than just a few hours of strategy and planning like the game. It takes some learning, studying and really analyzing to make a good real estate investment, but many people do no planning at all! Then they complain about what a bad investment decision they made when they went into real estate investing.
Would you decide one day to paint a masterpiece, and put that first painting in a gallery? Would you take up football, and decide to play in the NFL your first season? Of course not! So why would you think of how to buy and sell houses on the spur of the moment. It takes studying, learning, reading, and serious thought to making a good real estate investment, but once you have done this, just as Dean Graziosi, or any of the successful real estate investors have done, then you will probably make good profits, just as you did when you planned it all out in your monopoly playing days.
Investing in real estate is profitable and it allows you to do whatever you want to do. If you imagine all real estate investors as being the “wall street type,” working in their high rise, and buying and selling real estate everyday, then think again. A successful real estate investor could be the guy next door.
In fact, in California many of the top real estate investors, go around barefoot, carry their surf board with them everywhere, don’t even own a cell phone, and in some cases even drive an old car. Does this mean they are not successful? Quite the contrary, it means they have different priorities. When you are a real estate investor, it doesn’t mean that your work has to be your life, it means you have more time to do the things you enjoy, and don’t have to worry about “making a buck.” When you invest in real estate you can spend more time with your family, enjoy your hobbies, etc. This doesn’t mean you can expect to be a millionaire in a few short months (especially not in this economy), but it does mean that in a few years you can make a substantial profit, and you can even earn income from your investments while you are waiting for values to increase.
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