Property investing is an exciting business that gives you the opportunity to make money, take control of your career and achieve your business and life goals.
However, the business also comes with inevitable challenges and setbacks that may discourage you and cause you to lose faith in yourself—if you let them.
Why Property Investors Give Up
Most property investors become interested in this wealth creation vehicle after reading a book, attending a seminar or talking to another successful property investor.
Learning about the business (especially the earning potential!) gets them excited enough to take action, so they begin making a plan and searching for their first deal.
But after a while, their enthusiasm starts to fade.
Maybe it was taking them too long a time to land their first deal. Maybe they experienced a setback, such as a difficult renovation, a deal-gone-bad or trouble with a joint venture partner.
Regardless of the reason, they become disheartened and start to question whether property investing is the right choice for them.
They may even start to blame themselves or others for their lack of success, causing them to lose faith in what they are doing and give up altogether.