Momentum

Momentum can make or break you.

Like most things in life, I’ve learned the hard way.

If you are a sports fan, you already understand momentum.  A mediocre team takes the field and struggles.  THen suddenly a player breaks out and does something amazing.    That one event catapults the rest of the team forward, and slowly they chip away at the lead stealing momentum from the champs.  The tide turns and the underdog swaggers off the field in victory.

Big Mo…momentum, you’ve felt it and seen it.

It can take you down or lift you up.

When you have don’t let it go, but build upon it.  Momentum has enemies though.  Dark Forces lurk around the person with momentum trying to steal.

It could come in the form or distraction or tragedy, but it is there.  Steven Pressfield calls it the Resistance.  Napoleon Hill calls it Drifting.  Either way, it will take you off the rails.

Last year, our real estate investing business was starting to do well.  My marketing was working.  Networking was on fire.  Deals were coming into the door, and we were helping people in dire straits with their property, then the resistance came and I gave in.

One deal was especially hard.  The person we were helping had so many issues outside of the disaster his house had become I let the emotion of the situation affect my own outcomes.  We were creating momentum in his life, but losing ours.

At nearly the same time, 2 personal home issues hit.  Any life that was left, I let go. Things got stagnant, and I almost quit.

I totally understand it when I talk with homeowners who feel burdened by life and their property.  Thankfully, we are able to lift some of that burden, but I didn’t take my own medicine.

Losing momentum is not the end of the world.  It’s not like starting from zero, but it’s close.  I began moving that ball down the field again, one yard at a time, and things began clicking again.

Is there a key to regaining momentum?  Yes, do something in your life that creates a positive result (no matter how small).  Then build upon it.  The next day find something else, then something else.  Then set goals to hit a dream.  Celebrate the small wins.  Check off those to-do lists.

The biggest key to momentum is to create a momentum magnet.  This has to be something in the future that you want to achieve, but it has to be big enough that will it pull you along when the distractions come.

You will fall off the rails, but keep looking at the prize, grab momentum by the horns and ride it off into the sunset.

 

 

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How Do “We Buy Houses” Work

Maybe you’ve seen the yellow signs posted on telephone poles around town.

Perhaps a billboard with a bearded caveman wanting to buy your house has caught your eye.

Maybe, you’ve even gotten postcards or letters wanting to buy your property.

What’s the scoop on the people wanting to buy your house?

Most people immediately think of calling a realtor or sticking a for sale by owner sign in their front yard when they want to sell.  It’s the normal thing to do and the process most homeowners take.

However investors with cash are always looking for opportunities for more property, and this could be an opportunity to you.  That is what “we buy houses” is selling.  It is an investor or group of investors looking for properties to purchase.

What is the benefit of selling this way?

It’s easy.  Because they want to buy, they won’t  list your house while you wait 60-90 days to show the property multiple times wanting for a buyer to arrive.  They won’t require you to clean it up or make repairs.  You won’t enter into a back and forth negotiation with someone chipping away at you with concessions.  At most, they will set aside one day for their partners and contractors to inspect the house.

It’s fast.  Investors have cash or access to cash, so appraisals aren’t needed for banks which slow down the closing process.  Many investors can close as fast as 7 days.  Everything is already in place to purchase.

Who can benefit from selling to an investor?

Inherited property.  Perhaps you’ve inherited property that is too much to deal with.  Getting it show ready would take too much time.

Tired of tenants.  Your best tenant left and you don’t want to search for a new one.  Plus there are repairs to be made to the property.

Out of state owner.  You’ve moved and can’t manage a property from long distance.  It has become more of a burden than an asset.

Overwhelming finances.  There is not enough equity to sell without a loss, but the payments are becoming a burden.

Need to move quick.  You have equity but need to get out fast.  Whether it’s a job situation or moving into a retirement home, your property needs to be gone.

All these reasons above are legitimate and normal reasons selling to an investor is an option to consider.

Investors can be creative with you.  Even if the price is right, they can craft terms that make it advantageous for.  Some will even take over your payments and let you move out immediately.

If you are interested, I am one of these investors.  We buy in the Greater Louisville area and all over Southern Indiana.  You can find us at www.ibuylouisvillehouses.com.  Check out more details about our company.  We also have several free resources that can help you sell your house, whether that is through us or more traditional means.