Are You as Persistent as Your Kid?

So, I sell a course online called the Portfolio Loan Blueprint. It’s a course that teaches real estate investors how to get around the new and very constrictive conventional financing guidelines.

Hundreds of investors all over the country have bought the course and are using it successfully.

Yesterday, I got an email from a buyer and it really got me thinking about the true reason why so many real estate investors struggle to make any money in this business.

Here’s the email:

Hi, I watched a video, called a few Credit Unions, they said they use the pretty much the same lending guidelines as banks do. I don’t think this is working in my area. -King

Wow.

First of all if King only watched one of the six videos, then he had no idea what he should even be asking a portfolio lender. And the fact that he says that they use “pretty much” the same guidelines as the banks do tells me that he has no idea what the guidelines actually are.

I bet I have a good idea just from this email exactly how much money King makes from his real estate investing business.

People, guess what?

Real estate investing is a business. It requires actual work and more importantly it requires PERSISTENCE.

I am what my friends and family refer to as an overachiever. For some reason I am completely driven, self-motivated and can accomplish anything I set my mind to (except quitting biting my fingernails). Every time I come up against an obstacle, I find a way around OR through it. Every time.

This is a persistent kid.

Not everyone has this ability, but if you look closely at your kids, I bet you will see it in action.

This past weekend, I took my 4 year old nephew Ronin to the circus.  We had second row seats and it was an amazing show. There was one part when they rolled out a steel mesh ball and seven guys on motorcycles actually got into the ball on their motorcycles and rode like maniacs.

Ronin loved it.

He immediately turned to me and said, “Can I get a motorcycle guy, Aunt Susan?” (They had little replicas of these guys in the circus lobby.)

I said, “Sure, as soon as the show is over, we’ll get you one.”

Unfortunately this was at about the one hour mark of a two and a half hour show and he proceeded to ask me “Now can I get my motorcycle guy?” precisely every 1.5 minutes.

Well, as annoying as it was, he accomplished his goal. He is now the proud owner of not just one but two “motorcycle guys.”

How many times in your real estate investing business have you given up after the first try? Maybe after your first offer was rejected by the bank on a rehab you wanted or after a motivated seller told you there was no way he would consider lease optioning his house?

Did you give up and decide that the strategy doesn’t work or worse yet, it just doesn’t work in YOUR area?

That is a surefire way be the biggest real estate investing loser on Earth.

If you’d rather actually MAKE money in this business then try something for me.

The next time someone tells you “no” start taking it as a personal challenge. Find 20 ways that you can keep asking the same question or making a slightly different offer. And DO IT 20 times if you have to!

Trust me, one way or the other, you will end up getting what you want. Remember, one guy’s motorcycle guy is another guy’s ticket to success in real estate investing.