March 2

What Thomas Edison Taught Me About Real Estate Investing

What a great way to start a week. I received a call Monday morning from Michael.

Michael is a student that has been with my program for three and a half months. Michael came to me looking to start as a newbie. He wanted to become an entrepreneur. He wanted to start living life on his terms.

But Michael was completely new to all things real estate. He had never wholesaled, rehabbed, or completed any kind of real estate transaction whatsoever.

When he came to me, he definitely had the right mindset, which is half the battle. But what was holding Michael back was all the noise he was hearing on social media from all of the so-called gurus.

He was listening to all of the fake real estate investors driving borrowed Lamborghinis in their youtube videos telling him that he should have his first deal in a matter of weeks.

Sure, it can happen. When I got started over 20 years ago, once I got over my mental hurdles and made a commitment to succeed and actually got out there and got to work I got my first deal in two weeks. 

And that payday netted me over a hundred and fifty thousand dollars. But that’s just not the norm when you’re getting started.

That kind of talk had contaminated Michael‘s mind and made him feel like he was not cut out for this business.

He almost quit more than once.

In one of our coaching calls, I shared with Michael a quote from Thomas Edison that really spoke to our conversation.

“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time”

I encouraged Michael to stick with it and set lofty, yet realistic goals.

If you want to break into real estate investing and the lucrative niche of probate, having a coach to keep you on track is one of the easiest ways to accelerate your progress.

I helped Michael realize he was on the right path and he was close to the prize. He just needed to give it one more try.

Happy ending? You betcha!

This morning Michael told me he just got his first wholesale check of thirty thousand dollars!

Perseverance pays off.

The fact is that Real Estate is not one-size-fits-all. 

We all have different skills, strengths, weaknesses, time and dollar capacities. 

That doesn’t mean you shouldn’t pursue real estate.

It means you need to look at who you are and where you are at, at the moment and go to work using the tools you have available right now.

Committed to your success,
Ernie “One More Try” Vargas | The Probate Fox

P.S. Thought I’d share a a photo from a few months back when I was in Kentucky and stopped off at Thomas Edison‘s house while he lived in Louisville 


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