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When to Give Up your Real Estate Investing Dream
Joe: Hey, it’s Joe Crump. When to give up your real estate investing dream. When is it time to give up? When is it time to just say I’ve had enough, let’s just forget about this. Let’s call it a day. Let’s go back to my job, you know, let’s go get a salary, or let’s go get an hourly wage. Let’s go work for somebody else. When does that make sense?
Joe: I don’t believe it ever makes sense. I think that you can do this. I know you can do it. You may think, oh, you know, I’m not as smart as some people. It takes me a long time to figure stuff out. Or, I’m not technically, you know, technologically savvy. Or, I’m not very good talking to people. Or, I have, you know, English is my second language and I have a really heavy accent. Or, on and on, every possible excuse you can think of. And they’re just not true. They’re not accurate.
Joe: If you will learn this process, if you will learn how to do these deals, how to structure these deals, you won’t need money, you won’t need credit, you won’t need to have a super brain. You just need to develop your skill. And you develop your skill through practice. It takes time. I tell my mentor students give yourself three or four months before you can expect to make money in my program. You know, I’ve got people that make money in a week or two weeks, you know, that’s the exception not the rule. And it’s usually because they got lucky not because they were good. You’ve got to develop your skills.
Joe: And one of the things I make them commit to, before they sign up for my program, is that they will put in 8 to 10 hours a week on the phone talking to sellers, making offers. You won’t have to do this your entire business. I certainly don’t do that now. But you have to do it at the beginning because you need the practice. You need to get good at it. And that takes time and practice and you have to practice and fail and fail and fail.
Joe: You know, people are afraid to get on the phone sometimes, they’ll say, you know, I just want to get a little bit better. I really want to understand this a little bit better before I get on the phone. I said, look, listen to these audios. And I’ve got audios on my member site. But even these audios that I’m giving on YouTube here, get the basics. Understand the basics, get on the phone and ask those for sale by owners, “Would you consider selling your home rent to buy?” It’s not that hard to put this paperwork together and sell these properties. Go out and find another buyer for it, make a chunk of cash and then do it again.
Joe: And every time you talk to somebody and put a deal together like this you’re going to get stronger at it and then you’re going to start to automate that process and you’re going to start to outsource some of the work to other people and you’re going to reduce the amount of work that you need to do until it’s almost nothing. And it’ll make your life so much better and so much easier if you will do that.
Joe: If you give up on your dream you’re going to be living with that regret the rest of your life. You’re always going to wonder what would my life have been if I’d stuck with it? My success rate in my mentor program is 30%. Thirty percent of the people that come through my mentor program make money. They tell me that 5% is average for these kinds of program, so I guess I’m 600% better than average. But 30% still stinks in my opinion.
Joe: I wish it were 100%. And the reason I know it can be 100%, and the reason I give the guarantees that I give in my program is because I know that if you do the work that’s necessary you will succeed. If you put in that 8 to 10 hours a week on the phone talking to sellers, making offers, and you do that during the time that you’re in this program, you will make money. Because 100% of the people who do that work make money. I’ve never had anybody that has come through this program that has done that work and has not made money. You go through the process, you do the work, you’ll make the money. And there’s no reason you’ll ever have to give up or throw in the towel.
Joe: So stick with it. Whether you use my technique or whether you use somebody else’s, you think somebody else’s technique works better than mine – that’s no problem. Go do it and follow through. If you have another dream that you want to follow through with, if you want to, you know, be an artist. If you want to, you know, and make a living at it. If you want to have a carpet cleaning business, you know, if you want to own a Subway sandwich store. I don’t care what it is, if you have a dream to do it then you just follow through with that process and stick with it and you’ll do well.
Joe: One of the things I know about real estate is I know for sure that it’s doable. I know for sure that if you put the effort into it you can start making money in a very short period of time compared to most businesses out there. And I also know for sure that if you do it the way that I teach without using your money, without using your credit, you won’t have any risk and you can just make mistakes with impunity. You can keep making mistakes over and over again until you get it right.
Joe: You fail your way to success. And you have to accept those failures along the way. And hopefully you don’t have to do the kind of failures that I had when I started and lost everything in 1991 when everything came crashing down around me. And that’s because I didn’t do it the right way. I didn’t set up my business in the proper way to make it happen.
Joe: Don’t give up. You can do this. You can make it work. Hang in there. Get some help if you can afford it. If you can’t afford it get online. YouTube university is a wonderful thing. I’ve learned so much from listening to different people about different things on YouTube. Not necessarily on real estate; I’ve been doing this for a long time, but about other things that interest me. Whenever there’s something I want to know about I’ll get on YouTube and I’ll learn about it.
Joe: But if you can find a mentor to help you walk through that process your life is going to be a lot easier and if you’re going to go to college you’re going to spend tens of thousands if not hundreds of thousands of dollars going to four years of college with no guarantee that you’re going to walk away with any money coming in. But at least with real estate if you’ll put in six months you can start to build a business. You can start to see income and start to have something that’ll last you for the rest of your life.
Joe: All right. Good luck to you. Subscribe to this channel. Go to ZeroDownInvesting.com and find out about my mentor program. It’s an expensive program. It’s like going to college for a semester, but it’s one semester, not four years. Also check out PushButtonAutomarketer.com. That’s the automation that we use that is not included with the mentor program. And go to JoeCrumpBlog.com and sign up for my free newsletter and there’s a lot of free training material there if you can’t afford the mentor program. Don’t let not being able to afford this keep you from realizing your dream. It’s there. You just have to go take it. You have to put the work in and you have to be patient with yourself to make that happen.
Joe: My impatience has always been very high all through my youth. And as I’ve gotten older I’ve discovered the most important thing is to be patient with the process and learn it and do it properly. Don’t go half-assed. Do the right process and learn it the right way so you don’t damage yourself and have to start over again at a lower level than when you started.
Joe: All right. Good luck to you.