Step Out of Your 'Comfort Zone
Posted by: Carleton Sheets in Risk, Positive Thinking, Investing in real estate, Goals on Jun 08, 2008.
For the most part, we are all "creatures of habit" who appreciate structure and predictability.
However, a status-quo mentality when investing in real estate could very well derail your career. Expand your real estate investment career by stepping out of your "comfort zone." Sooner or later, most investors require the exhilaration of something new to help to expand their horizons, to unleash their creativity, to accept a new challenge, or to venture into uncharted territory.
If you truly feel that you're happy where you are, ask yourself these questions. Are you feeling bored and lethargic? Are you making enough money? Are you envious when you see others trying something new and succeeding?
If you have answered "yes" to any one of these questions, perhaps it's time for you to leave your comfort zone.
Maybe you are in a rut and are using one creative technique over and over again to buy and sell real estate. Try combining techniques-or using a completely different one. Perhaps you've been purchasing and renting out single-family homes. If so, try renovating and flipping one instead. Have you ever tried to get cash back at closing? How about buying a property using a lease option? Are you purchasing only single-family properties?
Try a duplex or small apartment building. Start with just one new idea. Once you have "stretched" yourself-even a little-you'll be more likely to do it again.
I'd love to hear your stories---when have YOU stepped out of your comfort zone and succeeded?
