Success through Experiential Learning in Real Estate

1. Success through Experiential Learning in Real Estate It is not easy to start. It may seem impossible in the absence of prior experience or money and financial backing, or connections and you have no reference point in business, real estate or entrepreneurial thinking. However, these obstacles are conquered, and they are not a reason to be discouraged. If you are just beginning out you will discover that there are two commonly used kinds of newbies to the Real Estate Market. The Deer and the Bulls. You may be in one of these categories or as I am maybe a bit of both. In time, you will come across many who fit the people who walk around in these two types of novices. There is not a right method There is merit to both of these approaches. A thorough understanding about real estate can be essential for your future success particularly since investing comes with inherent risk. However, too much of it is not always a good thing. I have met many who have not made the decision to venture into the field. Insecure and unsure they consider their insufficient knowledge, resources, education, "the market", or any other excuse for not to act. However, I have also seen individuals who come out with their egos at the

2. forefront. Their enthusiasm provides them with an advantage as they have at the very least begun to turn the gears. However, there is the danger of running before you are able to walk. The most detrimental results are money that you are unable to afford to lose is lost, your credibility is destroyed, or you wind up in the position of being liable for a deal which went wrong. How to Succeed in Experiential Learning The way to success is a combination of the strengths of both the Deer along with the Bull. The need to learn will never cease to be a part of your career in real estate investment. It's a continuous process and is not something you can achieve in a short time or by virtue of reading a few books. But, more than anything else it is not worth the effort when it's not applied to actual experiences. It is crucial to possess the confidence to be a Bull to keep going when you are in a state of uncertainty. It is certain that you will improve your chances of winning a race when you begin running, however you could easily veer off course even if you're running with your eyes closed. This is referred to as experiential learning. The most appropriate description can be described as "learning through the reflection of doing". If you are looking to buy real estate, it is impossible to buy it without making offers. It is not possible to offer to buy if you do not make yourself available to meet with agents or property owners. This is the process necessary to achieve the results. I was able to spend more than a year putting offers together and getting myself before property owners before I discovered a bargain. I sent direct mail and left note cards on doors and made numerous offers, yet at that time of day I was always missing out on opportunities. It was very difficult. I did everything I thought I was supposed to be doing. I wasn't sitting on the sidelines, I was a swoop into the fray and was determined to get things done! It was as if it had been an eternity. Slowly, things began to shift once I began to look back at what was working well and what wasn't. The problem I faced was twofold: the first was that I wasn't aware of the value of a certain thing as I should have. I was familiar with the formulas and the general plan, however I did not have the boots-on-the-ground level of understanding required to be competitive in the method I chose. Another issue was that I became easily annoyed by the lack of instant results. When you're in financial straits, you can't afford to have the time to sit around waiting for an event to happen. However, Real Estate Investing is a race and rewards those with momentum that has been built by a solid base and

3. experience. To address these issues I turned to experiential learning. I continued to expand my knowledge of the subject and this helped inform and strengthen my decisions and actions. The first place I began to see the results I wanted was creating a network that was composed of like-minded people with similar interests that I could learn from and discuss with. This wasn't simply about learning the basics of real estate. It was learning to be a part of the game and remain engaged in the game. If you're looking to tackle your new venture of becoming an investment real estate professional seriously, I would highly suggest using the methods of learning through experience and taking active steps that are followed by reflection and continual learning. Vairt is a Crowdfunding Platform for Investing, tokenizing and liquidating real estate assets through Blockchain. Once you are ready to make an investment, you can make an investment in less than 2 minutes. Sit back and relax as your property gets funded. Vairt analyzes Property Investment Opportunities using a 100-point proprietary screening tool and independent third-party market data to assess the investment attractiveness of each property. We give you the opportunity to invest in real estate for as little as $5000. All properties on our platform are listed for 30 days to give investors ample time to raise funds.