Confidence is the key critical factor to be successful because without it many investors would not move beyond their first initial property.
If that first property turns into an “alligator” and cost them a ton of money, they would have sold it at a loss and never purchased another property. It takes lots of courage to begin an investment and it is this that needs to also sustain you when things are tough. Courage to sustain you when you get calls for unplanned expenses. Courage needs to sustain you when you must evict tenants for non-payment of rent, illegal activities, etc. And finally, courage needs to sustain you to complete your business plan as well as facing the true expenses / income numbers that demonstrate how your property is performing.
Confidence keeps you making the tough phone calls when you
would rather stick your head in the sand and hope that the problems go away. The confidence allows you to hold your head high and celebrate when things are going well and you know that you have faced every challenge head on.
This reminds me of a familiar passage: 1 Corinthians 9:24-27a.
"Don’t you realize that in a race everyone runs, but only one person gets the prize? So run to win! All athletes are disciplined in their training. They do it to win a prize that will fade away, but we do it for an eternal prize. So I run with purpose in every step. I am not just shadowboxing. I discipline my body like an athlete, training it to do what it should."
THE SHEEHY TEAM: Empowering Investors To Do More Deals!
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