Persistence: Key Element to Your Success

[Pedro Gonzalez]

"Sometimes your greatest asset is simply your ability to stay with it longer than anyone else." ~Brian Tracy

"The most essential factor is persistence - the determination never to allow your energy or enthusiasm to be dampened by the discouragement that must inevitably come." ~ James Whitcomb Riley

As I sit here this early morning of December 25, 2009 waiting for Santa to bring me my gifts, I decided to write to you about persistence. Many times real estate investors fail in this profession simply due to their lack of persistence, they quit too early. Real estate investing is a numbers game, it is about looking at enough properties to find the ones worth making offers on, it is about making enough offers to receive the yes we are looking for.

To be successful, you must maintain a positive attitude. It is easy to be discouraged after you send 10 offers and you receive 10 negative responses. This happens! During this time, it is easy to give up, you haven’t seen any results. However, remember that riches comes to those who persists. Do not give up or think that you won’t be successful at real estate investing. Remind yourself that deals are like buses, if you miss one, you can always catch the next one! I understand that when we are hit an unexpected roadblock in our path, we may be tempted to lower our expectations. Eventhough this is a natural human reaction, a winner does not back down from his or her high expectations simply because the going gets tough.

Accepting setbacks graciously is not an easy thing to do. If we stopped at the first road block, we wouldn't be where we are today, we would not grow. Real estate investing is about persisting on, and keeping at it, getting better every time. So remember, the next time a seller rejects your offer, smile, get back up there, and do it again.

I am not giving up, I am waiting here for Santa to bring me my gifts! Merry Christmas to you and a prosperous New Year.