As I travel around the World speaking with people, this is the number one question I'm asked. Yes I did say around the world!! I have had the Opportunity this year to visit some of the most amazing places and speak with some of the most amazing people. Just last week I was in Brazil on business counseling one of my Platinum Students, and while taking the opportunity to relax and celebrate, on the Copacabana Beach, I was speaking with a developer. Our conversation focused on the state of the dollar and all the reasons why we are in trouble. Now I'm not saying the dollar is not looking bad, I am asking, how can we focus on using this condition to our Benefit? (Success)
Since our subject is Real Estate, let's focus on the "Success Factor" that exists now due to the current conditions. Banks are emendated with non performing assets (houses)! On the front page of The Atlanta Journal Constitution on Oct. 16, 2007 "$1,076,975,783" was the total estimated value of properties now entering foreclosure in metro Atlanta? How many more houses can they continue to take back before they accept your offers on your Short Sales? How long will they allow their REO to stay on the market before they accept your offer at YOUR PRICE?
Focus is a key ingredient needed to Program you for SUCCESS or Failure! There is a saying "What you focus on expands" and what I take that to mean is that if you look at all the dooms day reports then that is all you can see in YOUR future. DOOM = Failure!
Mr. Tycoon chooses to focus on the OPPURTUNTIES that arise from these conditions. I focus on how my Team and I can select the Short Sales that meet our criteria for Success before we even attempt to negotiate with the lenders. We see our selves Successful! We are shifting our focus and becoming more active with REO's due to the increase of properties that have failed to sell on the courthouse steps.
Ask yourself this question? What Plans are you focusing on? If your answer is, you don't have a Plan to capitalize on these current conditions, could that be part of the problem? Failure to Plan is Planning to Fail. So you need to focus on your Plan instead of what the media says you should focus on. Some key ingredients to attaining your Success are: Starting with a well-researched and clearly defined Plan. That means detailed, deliverable, realistic goals, timelines for achievement, and accountability. In my humble opinion it will require you to stretch yourself beyond your comfort zone, to make an effort, to take action! As with anything worthwhile, you will have some rough times however the results will make it all worth while. "No Pain / No Gain"! Remember to keep it FUN! Fun, Excitement and Expectation are what are needed in difficult times.
As we approach this New Year, I just wanted to shake you up and out of all the negative energy that is in the air about our Money Source! The American Dream is to own a HOME! Keep your eyes on the Prize find them; flip them; forget them! But don't forget, make sure to have Fun!!!!
Wahid "Mr. Tycoon" Shakur is a Master Real Estate Investor and Chairman of Tycoon Investments Plus, a Multi-faceted Real Estate Investment Company located in Atlanta, Georgia. To learn more about or for information on Mr. Tycoon's new book, "Success Is Not A Secret, It's A System," please visit www.mrtycoon.com or www.tipbuy.com
Mr. Tycoon Team Tycoon, 2221, Peach tree road, Suite D-640, Atlanta, Georgia 30309 Email:janese@coachjanese.com
Wednesday, January 16, 2008
Are You Focusing on SUCCESS or Failure?
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