I am a firm believer that you can do nearly anything you want to in life. However there are steps that have to be taken to get you to where you want to be. If you want to be a doctor, you need to study and focus on doing such. If you want to be a real estate investor, you probably want to study real estate. You need to be dedicated to the things you want to do in order to succeed.
That being said you need to know when to quit. I feel comfortable buying real estate and selling it for a profit. Am I ready to flip a sky scraper in New York? Probably not. But I am on the road to be able to such things. If the opportunity presented itself to me today I would probably have to quit before I got started. I am not prepared for that large of an investment.
It is like this, anyone can get a Royal Flush in poker. Though you can not make every hand a Royal Flush, you have to know when to gamble and more importantly at times when to fold. The more you learn about the game though, the more capable you will be to succeed when you have opportunities presented to you.
I have had a few opportunities present themselves to me over the past few weeks that I have not been able to take on. They have been a bit bigger than I could handle. I figured it would be best to fold off the bat before I lose my shirt later on. I am the type of person that looks for deals all of the time, in anything. So when I find something that I am not ready for, it hurts. At the same time it motivates me to move on to the next thing so that when the deal comes around, I will be prepared. Never stop.
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