Consider this:
“The majority of wealthy people in the world have either made their money in real estate or invested in real estate after they built and operated successful businesses.”
Clearly many who wish to be wealthy and financially secure gravitate towards real estate as a means to accommodate those desires. They know to “follow the money.”
So while it’s understood that there’s a strong correlation between real estate and wealth, what’s less obvious is that the inclusion of a focused business mindset is what completes the formula. Wealth is the destination, real estate is the vehicle and a determined, business minded way of thinking is the fuel. To possess a strong business mentality and approach is the element which ultimately enables successful investing.
Even most who’ve made their money entirely from investing in real estate, did so with a serious “treat it as a business” attitude, which itself was driven by a healthy entrepreneurial spirit. Generating wealth and achieving financial security through real estate investing truly is a (big) business and must be addressed as such. If it was easy, anybody could and would do it. Most aren’t willing to do what’s necessary. Those who are, tend to prosper…
Successful investors (entrepreneurs) have a highly developed and activated desire to realize their goals and destinations. They don’t allow outside forces to impede. They’re open, they search for and embrace all sources of helpful information, are incredibly optimistic and devote whatever time necessary to perform all of the due diligence to support their aims and minimize risks. If there are weaknesses or certain areas where they lack knowledge, extra emphasis on those is applied. They seek wisdom from, work with and partner with those who’ve already succeeded. As the right work is being done, fear and comfort zones become non factors and success becomes likely…Then they take action.
Real estate investing is not something that only wealthy people do. In many cases investing in real estate is how their wealth was created. It’s should not be treated as a hobby. It is serious business and understanding that separates those who are currently wealthy, those about to become so and the others…
OCG Properties LLC, founded and operated by Mathew Owens, CPA, and based in Redondo Beach, CA, is a real estate investing company that also delivers numerous other financial, educational and investment services to its community of clients.