Fuel, Oxygen,Ignition and Real Estate Investing In high school science they teach that in order to start a fire-three things must be present.
1. Fuel 2. Oxygen 3. Ignition
It is a law of nature that if you remove any one of the three things there can be no fire. Real estate investing is similar in that three things must also be present for your business to become successful.
1. Good Deals = Fuel 2. Money = Oxygen 3. Your Energy = Ignition
Remove any one of these and you cannot succeed. There are thousands of deals available but what we must have are good deals that can be converted into enough money to pay us for our investment of time and money.
Money is the oxygen of real estate investing and in order to succeed there must be access to an unending stream of it or your fire will go out. That is why using your own money is a mistake. You should be able to find more good deals than you can control using your own money. Finding money is a skill that must be mastered in order to keep the fire going.
The most important the three elements is your own energy. Your must make the effort to find deals and find the money and then turn them into a profit. When you put these three together-you will enjoy the warm glow of a successful real estate investing business.