Do You Want Your Children To Sell Real Estate Along With You?
I remember as a child, watching my mother working so hard to keep us safe and happy. She thought I didn’t realize how worried she was each month that the bills might not be paid on time because we were barely over the poverty line. Children observe and know so much more than parents give them credit for whether it’s good or bad. What I saw wasn’t all bad, however. I saw a young, single mother, full of a fierce drive to take care of her family in the ways she knew best. Thus, she did lots of sales jobs, confident she could make the best income in that manner when adding hard-earned commissions. At home, we’d clip coupons to save money at the grocery store. If she wasn’t working on the weekends, it was fun to drive around to garage sales or anywhere we could find good deals on clothes, furniture, etc. Sales and budgeting to make it month to month was stressful but it got us through. What she constantly told me was to get a good education and raise the bar for myself in order to have a better chance in life. 
That’s what I’m continuing to do now. I did learn from Mom’s sales drive. As she said “when selling, you might hear 100 no’s to get that one yes … so move on and keep working.” That’s what it will take to really make it in real estate investment as well. The patient quiet energy of a huntress, yet one sincerely invested in making the deal work for all parties involved. Thus, you can be kind as well. Ultimately, the goal is to make money for my family’s future and I don’t want them to have to struggle. Real estate investment appears to be the answer to having a much better future for them. We can still have fun looking for deals with integrity!
I don’t think my story is much different than many other fellow entrepreneurs. They also invest in real estate to have enough money put aside to live on when they wish to stop working. The banks are not paying enough when you put money in savings accounts to make that happen. The cost of living erodes the value of any type of savings account. The stock market is totally undependable. Land is much more dependable and, if you notice, most of the wealthy have investments in land of some sort. So, I’ll take a lot of my mother’s advice, which was to get an education and now apply that study power further to learn about something that will jump my family ahead. She’s thrilled for us, by the way! Investments are paying off and are only getting better every day. Our young children are already asking questions about the real estate business and will be well versed by the time they grow up!
If nothing else they’ll hear me say Plan Your Financial Goals. What type of real estate do you want to start with at this time? Do you want to buy property to hold and rent out or do you want to be an investor? Or both? I’ll advise them to learn some basics about the business before investing. However, don’t bother buying all the books and seminars about real estate if you are going to procrastinate. Actually read and study the advice. Be sure to look at lots of properties. That can be time consuming but it’s more fun than garage sales! Make sure you look over your finances and set your price points so that you will make a profit. Get a financial advisor if this is a difficult task for you at first. Remember that you have to spend money fixing up the house or apartment that you’re buying before you sell it … or live in it. All of those costs need to be factored into your bidding price. Seek out a mentor if you’re new to this business. Someone with experience and success can be invaluable.
As in any business, there’s a lot to learn. However, it’s worth it. You are in charge of your own destiny and can leave something to your own children when you are gone. It might be hard work but it’s also so satisfying to find a great deal!