When you’re a passive real estate investor, you have to reframe how you think about the real estate market. Other investors and even homebuyers all have a different approach to why they buy properties when and where.

Passive real estate investors have to take a unique approach when selecting their real estate markets if they hope to achieve long-term financial success.

Where are your limitations?

While many of the limitations we face in life come from outside forces, many times our limits are self-imposed. So many times we subconsciously fabricate. They can come from years of experience, from what we've been taught, or even from our own fears and reservations. These limitations can impact every area of life, including our potential for financial freedom.

Have you ever been given advice that just seemed backward at the time? Maybe it didn’t make sense until you put it into practice. Then maybe, just maybe, it all clicked. It can be tough to follow advice that seems counterintuitive, especially when it comes to our finances. If something doesn’t make immediate sense to us, taking that leap of faith can be tough.

It has been a little over a month since my book, The Turnkey Revolution released and it's been quite a ride! In fact, last month it reached #9 on 800-CEO-READ's Business Bestsellers for May of 2018. It also hit #1 on Amazon's Hot New Releases List for Buying and Selling Homes. I'm thrilled with the success of the book, but even more excited for the readers who are now more educated about turnkey investing!

There’s one thing at Memphis Invest that we believe stands between an investor and their success: their purpose.

Before you begin your journey as a real estate investor or as any kind of investor for that matter, you have to ask yourself why you’re investing in the first place.

If you could name one thing holding you back from a career investing in real estate, what would it be? There are plenty of things you could name. A lack of resources. A lack of experience. A bad market. Ultimately, though, the biggest thing standing in the modern, would-be investor’s way is a lack of time.

Whenever we see a headline proclaiming that yes, you too can become a millionaire, it’s natural to be skeptical. The majority of us have a pessimistic view of our money and our ability to make it work for us if we have no experience doing so. We don’t know if an investment will work out, if we can effectively grow our net worth, or whether or not we can construct the financial future we envision for ourselves.

Some of the biggest critics of passive real estate investment will claim that it’s too slow to really work. Here’s the thing: it’s only slow if you let it be slow. The secret to success as a turnkey real estate investor or in any type of passive investment is about your mindset. It’s about your approach. If you allow your investment to be truly passive in that you aren’t doing anything, of course it’s going to be slow.

Distance from something you care about is almost always a source of anxiety. Whether it’s a loved one, a job, or just something you feel the need to be involved with, we have in us a compulsion to be there. We want to be present to make sure that things are okay.

There are certain qualities that turnkey real estate investors must champion if they hope to succeed in real estate investment. Building a successful real estate portfolio doesn’t happen for everyone—it happens for the people who know how to do it right, for the people who hone the right skills and qualities, and for the people who have the drive and the passion to make it happen.