(MA) 617-297-8641 (RI) 401-641-5774

Contact@MandrellCo.com

All posts tagged Long-term

Real Estate Investing Isn’t For The Short-Sighted

Real estate has made more millionaires in the United States than any other investment class. So why doesn’t everyone invest in real estate? Simple answer. Real estate investing is not for shortsighted individuals. It’s a marathon, not a sprint. It takes patience, dedication, commitment, and hard work over a long period of time to be successful in this business. Unlike the stock market, real estate doesn’t appreciate overnight. You tends to see the benefits (appreciation, cash flow & debt reduction)  slowly year-over-year, but with a lot more consistency and stability than the stock market.

We live in a world where people are addicted to instant gratification. If they can’t have it today, tomorrow or this week than it doesn’t interest them or hold their attention. That’s not the way it works with real estate investing. You have to be able to think long-term. You have to be able to make a few sacrifices today to live a better life in the future. You have to be able to look 10 – 20 years down the line and say “this is the life I want to live and real estate can get me there”. Most people never stop to think about where they will be or what they’ll be doing 10 years from now. Will you?

Read more

So you want to invest and build wealth in real estate huh? You’ve heard stories about other people who’ve purchase rental real estate and made a good living and now you want to do the same? I can tell you that getting started in real estate isn’t difficult it just requires the right state of mind and a prolonged focus. There are many very intelligent people that completely understand real estate and the benefits of investing but avoid the venture due to lack of patience. These people are looking for instant gratification and that’s not something real estate can bring. Success in this business require a long-term mind set and the ability to see into the future. It requires a sacrifice of time, energy and money today for a greater amount of all three down the road.

Answer the questions below to gage whether you’re ready to dive into the world of investing.  There are no right or wrong answers and no grade, but this quick test will help you understand whether investing is the right path for you.

1. Are you a patience person? When you decide you want something do you go after it aggressively?

2. Do you tend to get discouraged when things do go exactly as planned?

3. Do you take rejection to heart? When someone tells you “no” do you ask someone else?

4. Can you picture the life you want 5-10 years from now or are you more focused on today?  

5. Are you willing to give up some of your time and energy today and become a student of the market?

Real estate investing isn’t for everyone and not everyone that enters this industry will make it down the path to wealth.  It’s a tough road but for those who can stay on it long enough they’ll be able to build the type of wealth they’ve only heard about in those above mentioned stories.

Read more