3 Ways to Maintain your Motivation as a Real Estate Investor

Here's the thing. If you do everything else right—you have a strong “why”, you have a plan in place, you’ve got good deal flow coming in, you’ve got your process in place, you’re analyzing deals, you’ve got a source of financing—and everything works, you still may not end up buying anything because of your lack of persistence or motivation.

In real estate, you may have to work a long time before you land your first deal. And so you can't just rely on landing deals to build motivation. You've got to rely on something else.

How are you going to stay persistent for the long haul, especially between now and when you land your first deal? I mean, once you land a couple of deals, you’re going to have some momentum and some motivation.

How do you keep it going ’til then? 

1. Mastermind Groups

First of all, mastermind groups are a great way to build momentum and motivation. 

A real estate mastermind group has been super influential in my life. I’ve been a part of a number of them. Some have been wildly successful because we’re consistent with it. Others have fallen apart because we were not consistent with it.

And so you want to get into a good group of people, who are consistent and persistent about meeting together and holding each other accountable.

2. Practice Journaling

The second thing that I do to maintain persistence long-term is to journal every single day to track what I’m doing. I’m not talking about like, “Dear diary, today was a horrible day.” I’m talking about tracking in a journal.

Write your goals every single day. What is goal number one? What is goal number two? What is goal number three? And then for each goal, what is my weekly objective for that goal? What’s going to keep me on track on that goal? And then, what’s your most important next step?

3. Performance Coach

And finally, the third thing that’s been really influential in my life is having a performance coach. Now, they are not cheap. They might cost you several hundred dollars a month. 

And maybe you’re not at that level yet. That’s fine.

The first two options on this list are super cheap or free. This third one, I pay for performance coaching, because now it’s just like the mastermind. Somebody is holding me accountable. A performance coach helps you identify your goals and your “why” and keeps you accountable to that on a regular basis.

So, if you want something amazing in life, all the pieces have to be there. You have to work the right journey. But then you also have to stay consistent and persistent with it. They work pretty well in terms of being able to stay persistent for the long haul.