The Spartan Real Estate Investor

April 1, 2015

5 ways to Spartan Up your property investing

“The impediment to action advance action. What stands in the way becomes the way” –Marcus Aurelius

 

The Spartan Real Estate Investor

                                                                              © Can Stock Photo Inc. / Violin

Real estate investors all share a common bond. In my opinion we are all part of a tribe; some will prosper and other will struggle – even give up. If you don’t quit, the struggle will make you stronger. It doesn’t matter if you are a newbie investor or seasoned pro; there are unseen obstacles around the corner that will just appear when you least expect it. They will challenge you.

I recently challenged myself by competing in the Melbourne Super Spartan Race – a 14k obstacle course that promised to test all who participated. Was I fit enough? The only way to know for sure was to show up and race. Here are my Top 5 observations;

Spartan Up – Take action

It turns out that obstacle races and real estate investing have some similarities. At a basic level, it takes consistent action and energy to be a successful real estate investor and to cross the finish line of a Spartan Race. You can reframe that to mean hard work. You will not cross the finish line unless you are willing to put in the effort required to conquer each obstacle. Are you taking enough action?

Spartan Up – Identify your weakness

We all have room to improve some where in our lives, in our real estate investing or business endeavors. The obstacles that I thought would be easy I failed in frustration. The penalty for failure – 30 burpees. The course is designed to expose your weakness and that is confronting for most people. Identify you weakness and takes steps to improve. Have you ever had an investment expose a weakness?

Spartan Up – Prepare

I also encountered the reverse scenario – the obstacles that I preconceived to be the most difficult, turned out to be my favorite and no problem. My physical training paid off and I was prepared. Have you ever become involved in a project that you thought would be difficult only to find out that all of your experience made it seamless?

Spartan Up – Face your fear

Sometimes you have to simply “go for it” which holds true in growing your real estate portfolio as well as attacking an obstacle course. Fear will cripple some investors and racers to the point that they simply will not take any action. If you quit you don’t finish. If fear is holding you back from moving forward on the next deal then you have to Spartan Up. Face the fear and conquer the obstacle that’s confronting you. You will never know how far you can push yourself until you are challenged. During the Spartan Race there was temporary pain but total satisfaction in crossing the finish line. Is there fear that is holding you back from building your wealth as a real estate investor?

Spartan Up – Teamwork

You are never alone during a Spartan Race. There are other competitors next to you the entire time. Even if you’re a solo racer, there are hands available to help you navigate any obstacle that is hindering your progress towards the finish line. Successful real estate investors understand this well. They build a team around them and ask for help when obstacles they can’t overcome alone halt their progress. Who do you turn to for assistance when your path is obstructed?

The Spartan Race community consists of achievers who are willing to face and conquer their fears. When you commit to something you have to make it to the finish line. To “Spartan Up” means that you accept and embrace challenge. You find the courage to keep going.

Embrace the Spartan mentality and thrive in your life. We must face each new challenge as it comes and grow stronger as a result of defeating every obstacle. Max DeLacy, CEO of Spartan Race Australia, told me that even the top three elite competitors fail at least one obstacle per race and have to pay the burpee penalty. There is never victory without the struggle. What obstacles are impeding your progress today? What action will you take now to circumvent that obstacle to achieve victory?

Invest well,

John Carney