Subject To The Existing Mortgage

E-Lesson #2: The 3 Fatal Flaws That Guarantee You'll Fail as a Real Estate Investor (Part 2)

Welcome back! Before we begin, remember that these E-Lessons are free email supplements to the Full Course, that begins on October 19th, 2024. These lessons will help you prepare, but they are not a substitute for the live Zoom classes (Sessions #1-14).

If you can't pay for the full course upfront, we offer flexible payment plans. Sign up early to receive a significant discount by October 12th! Contact us to get started.

The Full Course covers all contracts, agreements, trusts, leases, marketing, and LLC formation, with coaching and mentoring available as needed.
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The 3 Fatal Flaws That Guarantee You'll Fail as a Real Estate Investor (Part 2)

In E-Lesson #1, we established that marketing is key to real estate investing success. Now, I have an important question for you:
Do you truly want to succeed as a real estate investor?

If your answer is "yes," then commit to learning how to market yourself to find great real estate deals. It’s not hard, but it’s absolutely essential for success.

Several of the upcoming e-Lessons will cover powerful marketing strategies. For now, let’s move on to the next key mistake new investors make:
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Fatal Flaw #2: Obsession With "Avoiding Failure" Rather Than "Being Successful"
This flaw focuses on the mental aspects of success. I’m going to explain how this directly impacts your real estate investing journey.
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The Power of Focus: The Law of Attraction
Here’s a bold statement: You will get whatever you want out of life.
It might sound extreme, but it’s true. This idea is based on the "Law of Attraction," which says that we attract into our lives whatever we focus on the most, with intensity and consistency.

Unfortunately, many new investors focus on "avoiding failure" instead of "being successful". While it might seem like a good idea to avoid failure, there’s a problem: the human brain doesn’t process negative statements very well.
Let me show you how this works.
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Avoiding Failure vs. Embracing Success
Consider this: Do not think about a 3-headed donkey.
What just happened? Your brain likely created a mental image of a 3-headed donkey, even though I asked you not to think about it.

This happens because your brain must first imagine the thing you’re trying to avoid.

Now apply this to the idea of failure. When you think about avoiding failure, your brain automatically conjures up thoughts of what failure means—losing money, losing your home, going bankrupt—none of which are pleasant.

This negative focus paralyzes you, preventing action, which leads to inaction, and ultimately, failure.
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Shift Your Focus: Think About Success
Now, let’s try something else: Think about massive success as a real estate investor.

What does success look like for you? Maybe it’s owning 50 properties that generate $10,000 to $20,000 per month in cash flow. Or perhaps it’s the freedom to quit your job and spend more time with your family.

Whatever success means to you, focusing on those positive outcomes will energize and motivate you. On the other hand, if you only think about avoiding failure, you’re defining success as the mere avoidance of disaster. But no one becomes truly successful by simply trying to avoid catastrophe.
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Good Business Sense: Protecting Yourself from Problems
That said, it’s important to be smart and protect yourself from potential problems.

Here are a few key steps you should take to safeguard your success:
• Run your real estate business through a legal entity (LLC, corporation, partnership) to shield yourself from personal liability.
• Use the best legal forms and documents whenever you buy or sell property.
• Seek advice from successful investors, so you don’t have to learn everything the hard way.
Don’t worry—future e-Lessons will cover these topics in detail.
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Your Next Step: Overcome What’s Holding You Back
Before I start diving into actual real estate strategies, I want to tailor this training to your needs.

So, I have a question for you:
What is the #1 concern that’s keeping you from moving forward as a real estate investor?

Please reply with your answer—I’m here to help you address it.
Until next time,
Eric
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Course Details:
• Start Date: October 19th, 2024
• Live Zoom Sessions: Sessions #1-14 will cover all aspects of Subject To real estate investing.
• Payment Options: Payment plans are available, and early signups by May 12th receive significant discounts.
• Contact Info: Call us to get started today!

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o Marketing Materials
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Questions? Call us directly at (602) 753-8775
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