I know you've heard or someone has told you about there is not any help for the person that bought a home who bought irresponsibly. That not a true scenario in the real world where you can acquired financing. When you purchase your home you were buying with the intention of your earning increasing and having your price locked in so that you would have a good investment made for your future allowing you the option of being able to sell and make a profit on the increase value that your home would have gained had it not been that the housing market crashed.
If I was to say that I wanted one hour of your life, one hour that no matter what happened, you could never get that one hour back, how much would you sell it to me for? Most of us would come up with a very high number. Our time is valuable. The reality is that we really don’t push for that asking price.
We allow ourselves to be undervalued by getting stuck in the nitty-gritty of daily activity and getting lost in time not thinking of ways to use what we have to get what we want. Many home owners caught up in this real estate melt down let themselves be undervalued and over involved with their real estate investment (their home), such as working on getting a loan from a bank instead of finding someone thats looking to invest in this housing market. Work a deal that saves your credit and good business for the investor making a win-win-win.
We constantly get down on ourselves in self pity that as business people, as executives of our estates, we just shouldn’t allow ourselves to do. Take a step back give yourself an opportunity to create a really successful ending to your housing crisis. Make a business decision by planning a little, getting others to help you out and establishing your self-worth and end your collateral damage.
We have to realize that by allowing ourselves to get caught up in what being said and not working to better our personal situation rather than being in charge of our situation, we are losing precious time and never taking advantage of a great opportunity that practically lend itself to help to work out a plan of action. The agony of this vivid realization can alone be enough for people to take action.. it was for me.
Our belief is that no one can do anything to help work this out. We don’t want to take the time writing out what and how our financial condition are or the status of our jobs because we just feel like it can’t really be a "real solution."
It really comes down to not thinking about how to limit the damage to make it better on us. This behavior forces us to do it all ourselves. Unfortunately, that ego actually works against us by taking on things that we shouldn’t be touching and should be focusing more on, the tasks getting a work out plan in place.
The invention of the internet allowed us to cut down on just about any task to finding a very eager person that would like to buy real estate in our area. Craigslist.com is a personal favorite of mine for placing ads looking to find investors to work with. Try this, I dare you. Place your ad this week that you have and investment property, or rental or something to get a list of active investor, put your ad on Craigslist.com so you can find someone to work with.
People who allow themselves to get caught up with unemployment self doubt have little chance of making a real estate investment business decision. When you are in a desperate situation your judgment get clouded which the majority of homeowners are. Usually your ego (I include myself because a good portion of my life was in this state of mind). We may have had a dreams of having others help us and may have even tried it but had a negative experience with someone that could not or would not work with us. You feel like they want help you with the housing market being so under valued.
Self pity and you alter-Ego is what keeps people stuck and unable to move over to think like a Business owner. Your home was purchase as a personal investment for your future to grow your net worth. Thinking like a home owner make you connect to it more and attached you emotionally. Using the business side of you will reduce your damage to save as much of your investment and your credit so that you can have a easier time recovering to start growing your net worth.
I think moving from the home owner over to the business investor is the most difficult switch of the moves and your alter-ego is the reason. Because you overly concerned about how you will be viewed for having to sacrifice your personal dwelling. It a hard decision but necessary to save yourself from destruction.
Time is of the essence when you start to think like a business owner instead of a home owner its perfectly rational to make a level headed business decision that will keep you from losing the most important thing that you have to protect when facing the thought of having to lose a home to foreclosure your Credit.
The drudgery of keeping your values in place at this time. By concentrating more on activities pertinent to real estate investment such as talking to sellers, networking with others, and crafting a marketing strategies, you will create huge real estate returns.
I’d like for you to ask yourself am I going to let "My Ego and Macro-Management" keep me following a plan to work through my personal situation!
How much time am I going to set this week to find a network to help with this problem?
By establishing how much you are going to work now, you’ll find it much easier to stick to that schedule in the long run. Making you meet more real estate investors and helping you manage your time better.
I want you to stick to your schedule no matter how difficult it seems. If money is tight, then your schedule will need to be flexible. Any activities you have coming up that do not help you to complete your task see if cant find someone to do that activity. You’ll be saving money, because it frees you up to work on your projects with net working with others.
Your alter-ego will stopped you from evaluating what REALLY holds you back from attaining your dreams? Do you REALLY have a clear vision of what your dreams are any more? Are you SURE your reasons for not reaching your goals are in fact reasons... or are they simply excuses? Consider this for a moment...
How successful you are in working out a real estate work out plan with and investor is all in the timing. Real Estate investors, cant work with you if you do not help to work out some of the clogs in the system, such as seeking out to find someone out side of the bank that will to take the house work out and agreement instead of letting the foreclosure process run it course. By working with the investor it start to stimulate your housing market doing your part to be a responsible business owner with selling of your property to save your credit rating and cash out to what ever profit you have left in your home.
We constantly lock our mind in the present and lose sight of the big picture. Your job as business person, an executives, we just should not allow ourselves to lose precious time.
The sooner you start to act like a business person and start to work with investors that are willing to either buy your home if you can not afford it anymore of workout a deal so that they can purchase and lease it back so you can continue to live in your home until you can get your finances in order to repurchase the home.
Thinking of your home and dropping your personal emotional connection will allow you to do what will be the most prudent for your situation. Everyone is suffering through the same tough economy but you have your own personal situation that you have to work through.
You can start to think as a business owner and even in the adverse situation you not only can survive this economy but strive in it.
Through all of this turmoil there will be a lot of money that will be earned from this market melt down. If you have a home you can start to think like a business person and not only earn a income for yourself but also start helping to employ people to help you repair home to get them in marketable condition.
In every adversity there are silver lining for the person with vision to seize the moment that you are in.
So the sooner you start to stop pitying yourself and let go of your alter-ego you can start to look to find a better way of working out of the mortgage that you feel that you are doomed to loose everything that you have worked for.
