I was inspired to write this post after I watched “The Secret” for the nth time… and remembered a question made through the blog’s comments section.
The question was posted under my post Foreclosure Investing Is Not Really Just About The Money, It’s About Financial Freedom!
Here’s the question:
“Is it really achievable that you will be financially free in real estate investing?”
I was very quick to answer with a resounding yes to that comment.
However, while watching the video of The Secret, the quotation below flashed on the screen, I thought to myself that maybe the late Henry Ford had a more accurate answer.
“Whether you think you can or you can’t, either way, you are right” – Henry Ford
The reason I say this is because more often than not, the answer to similar questions really depend on ourselves, on what we believe.
If we believe that we can accomplish one thing, then there is a great chance that that we will, especially if that belief is accompanied by passion and action.
On the other hand, if we believe we can’t, that is usually enough to hold us back and we can’t succeed because we won’t even try.
I know how that feels. Had I been asked the same question 4 years ago, I would have had a different answer. I would have probably said I can’t make real estate investing work along with a lot of reasons and excuses.
Obviously, I was able to change that mindset. Otherwise you won’t be reading this blog as it would not exist at all.
It really took a long time for me to change my perspective and I’m glad I was able to do so.
I could say I was lucky and life pushed me to the right direction or maybe I am just very passionate about this quest of mine as my wife would often say. Whatever it was, I am just happy that I can now say that it really is possible to gain financial freedom from real estate investing. I know this from experience.
No, I am not yet financially free, but I truly believe that I shall be financially free soon*.
*Update: I already got out of the rat race and the next challenge is to make it permanent!
Do you want to join me on my journey? Believe that it can be done, have faith, and take action. Let me leave you with another quote below which I also got from watching “The Secret”. I hope it inspires you.
“Take the first step in faith. You don’t have to see the whole staircase, just take the first step.” – Martin Luther King Jr.
To our success and financial freedom!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 3194
Text by Jay Castillo. Copyright © 2010 – 2017. All rights reserved.
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hi jay…
thanks again for the many articles that you wrote that helps inspire people like me..keep on writing and inspiring us..thanks and God bless.
You’re welcome Myra and I wish you financial freedom!
Hi Jay,
I’ve been quietly following your blogs for almost a year now. This is the year I’ve decided to make my move – to finally sink my teeth into investing and be on my way to financial freedom; so I’m re-reading your articles in preparation and this one is really inspiring. Thank you so much for sharing… wish you all the best.
Hi Cert,
That’s great! You’re welcome and I wish you all the best with your first investment property. Please do keep us all posted!
Hi Jay, I’m happy to say that by March 2010, by God’s grace I had paid off my credit card debts & by April 2010, I had my first investment property. It’s already earning me a bit of cash. I’m now actively looking for my next one.
Many many thanks Jay!
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Sir Jay,
Good Day to you sir! I was just wondering, how does the world financial crisis affects investing on foreclosures. Does this give a positive effect to the investors because more people are not able to pay their mortgage, thus resulting to more foreclosed property or does it have a negative effect for some other reasons? If the crisis brings a positive effect, does it mean that this is the right time to venture in this business?
I need to gather more information before I face my life turning decision of venturing in this kind of business. I’m a little bit worry about what Mr. Kiyosaki’s prediction about this financial crisis and as far as I know this blog have it all to help me be informed…
Thank you Sir. Jay…more power! keep on inspiring us!
Dan
Hi Dan, I believe foreclosure investing or even real estate investing as a whole, if done the way Robert Kiyosaki described in rich Dad Poor Dad {“Make money when you buy, not when you sell” – buy properties way below market value thus producing instant equity), will always be viable, with or without a financial crisis. You’re welcome and thanks also for visiting!
HI Jay,
Though I am not a licensed broker, I’ve been wanting to this especially now that I have excited market abroad.. would you accept an extra hand from a non broker like me?
thanks
@Eric, thanks for the offer. Where are you based right now?
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@Harrison, yes I agree with you on that! Thanks for visiting!
@Dinah, if you are going to assume the balance at pag-ibig, you will have to qualify for the loan at pag-ibig as well. I suppose the best way to learn the exact process, including the transfer of the title to your name, is by attending one of their daily seminars at pag-ibig. As for property valuation, the quickest way would be to get comparable properties that have very similar specifications and at the same location. Property valuation will be covered in a coming post. =)
@Roy, first thing that comes to mind is a letter of intent which basically outlines what you are willing to offer. If the seller/buyer agrees and signs it, you can then proceed with drafting the deed of sale or contract-to-sell, whichever is applicable for that transaction. Goodluck and thanks for visiting!
sir jay,
avid reader po ako ng blog nyo. ask ko lang po, anu-anu po ba ang mga dokumento o kontrata na kailangang dala ko lagi kung may motivated seller? at kung meron din ako buyer?
Sa tingin ko po kasi, kelangan may naka-ready na ako documents kung may kakausapin ako seller o buyer para selyado agad at may kasulatan at the time we met kung magkasundo.
thank you po in advance.
roy
Hi Jay, i dont know if you have already wrote about it, but how do you buy a property that is on Pag ibig housing loan, yung assume balance? then how do you know the if the asking price for the property is reasonable? how will you transfer the property to your name? thanks in advance.
Hi Jay,
Truly we can reach our goal if we Follow One Course Until Successful.. and that is be FOCUS in our Goal..
Harrison
Dubai