Tuesday, 2 October 2012

Real Estate Investing and Parties

By Sherry Avalon


I was invited to a party the other night and having a vague knowledge of the party hosts, I really didn't feel like attending.

The truth is I've been invited to functions just like this in the past where I don't know the hosts, but with my girl friend pushing me, of course I did eventually go.

What's the reason I did not want to attend?

I had created a completely PERCEIVED feeling of fear of goingwhich, thankfully, was not at all based on reality.

When I thought about the party, I had envisioned myself standing there, alone in the corner,, desperately trying to find something to talk about with the people who were there - and of course no matter how desperately hard I tried, I struggled to make a connection. I never was able to find something that I could talk to other people easily about, the conversations awkward, plus the music playing too loud in the background and I was just plain miserable.

As sad as it sounds, that is how I always envisioned my party experiences.

Have you ever had a party experience similar to mine?

I'm talking about the kind of parties you go to where you think to yourself you'd actually rather be at the dentist than suffering through this agonizing torture.

What if I had instead expected a much better and more enjoyable outcome?

So instead of being all by myself in the corner of the roomimagine if I had pictured being engaged in a great experience, surrounded by awesome and interesting people that were truly interested in what I had to say and contribute, taking part in great conversation, while enjoyable music played in the background, very relaxed and at ease, enjoying myself and my new found friends?

What if I had chosen to envision the above scenario, do you think I would have still wanted to not attend the event?

The Mindset that You Need to Develop to Successfully Flip Homes

Envision for just a moment, that you are able to change this kind of perception not only when faced with a decision about a gathering to attendbut when you are about to make your first house flipping deal?

Lets say that you have worked your buns off for three years in an effort to start your house flipping career and finally, after years, you have found the perfect home for purchase. All signs are saying move forward, they're all telling you to go for it. You've finally found a fair price, the financing is all lined up, you are sure of your expenses and know with 99% accuracy what you can get for resale.

Yet despite all this, you picture all going south, with the house sitting on the market for months and years, as you watch your margins dwindle-month by month

What are the chances that you are you going to do this house flip?

You really don't stand a chance at all.

Now, instead, picture the house selling for 1/3 more than expected, selling in under a month, leaving you and your financial backers plenty of money to go around.

To be successful you must adopt this sort of mindset.

What this is not is just a wild assumption that everything will go right only because you think it ought to...far from it. You must have a good strategy that diminishes the odds of the bad deal - in oder to place yourself in a position to perceive value and wonderful feelings instead of thinking of the pain.

And most importantly to gain this positive mindset, once you have done all that you need to then imagine success in your thoughts and focus on all that you have to gain from the deal.

This is the house flipping mindset and the first critical step to house flipping success.




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