She Asked My Grandfather To Dig The Rock Out And He Always Promised He Would

The first thing to learn is the difference between" investing" and" speculating" .

Speculators, guess at what is going to happen. Investors ask the tough questions of everyone involved, Vendors, Realtors, Bankers, and gather all, Mortgage Brokers the information they can about a property and then make an informed decision. Some are very lucky and do well, others go broke very fast. Real estate investing has some basic fundamentals: 1- Know if the renters are willing to continue renting a building after a change of ownership. 2- Know if the economics of the area and the neighbourhood are primed for long term growth. 3- Know if the property can be rezone to fit any plans for commercial development you might have for the future. 4- Know DON' T assume that the income from this investment will cover all expenses on a property and turn a profit. Go with fact before fiction. Remember this is important" Facts not Emotions" make for good business decisions. Let's not fool ourselves we are here to make money.

Never lose sight of the fact that when it comes to investing money you" need" cold hard facts, to make cold hard" Cash" . Find a proven system that will work for you, something you are comfortable to work with that will keep you on the straight and narrow path to your goal. You do not want to be gambling on property. This system should keep you asking the hard questions, and ultimately remove all emotion from buying and selling property. You want to be making realist decisions that prove out in the form of turning your knowledge into Cash. You will get over it once you have a proven system you can trust. Fear is the greatest logistical that you will encounter, Analysis paralysis is an investment killer.

Get the facts and when a question comes to your mind and you feel fear creeping in stop, write the question down look at it then scratch it out and and find a way to answer that question in a way that you can find a solution in the answer to the question. She asked my Grandfather to dig the rock out and he always promised he would. Remember you are now a problem solver; Here is a little story that is so true, my Grandmother moved to a farm after she was married and the cloths line was behind the house, going around the corner of the house was a rock it seemed like a big rock and every wash day she managed to trip over it. Years went by and the rock remained, After my Grandfather died and I was a young boy of maybe 12 my Grandmother asked me if I would give her a hand to dig up this rock, Now here is the funny part it took a 12 yr. Women a half an hour to dig up this rock that had plagued her for years and fill in the hole. Old kid and an 80 Yr.

It looked like a lot of work but the reality was it was a large flat stone that was in the way. It might just be a flat stone nobody tried to move. Moral of the story" If the problem looks big, dig around and see how big it really is.