7 Real Estate Investing Lessons ? Learn From Steve Jobs Part 1

I recently read the book ?Steve Jobs? by Walter Isaacson. As brilliant as Steve Jobs was, I came away from the book not with a sense of awe about the man who Steve Jobs was, but how despite his incredible success, how idiosyncratic and deeply flawed a human being he really was.

Yes, he was a certifiable genius, although in some ways ?certifiable? as well. Yes, we?ll never see anyone else exactly like him. Yes, in American business, he will live in the pantheon of Edison, Einstein, and Ford, and he really thought he belonged there.

Yes, he did leave an indelible mark on our society ? in fact, totally revolutionizing five separate industries nearly simultaneously?but he deeply hurt many people on the way in his rise to near mythic status.

Despite his greatness, he made tons of mistakes, cruelly alienated lots of people including his own daughter, and did some curiously unethical things in his relatively brief time on this earth. No doubt, the further you probe into the true personal lives of your ?heroes? oftentimes the more you find, the less you like.

I came away from reading the book in a word ? exhausted, but exhilarated at the same time. In fact, it was refreshing in a way to know that although Jobs was ?Steve Jobs the icon?, he?s just a guy like you and me. I realized that you don?t have to be perfect to be great. And although there are many traits of Jobs I would never emulate in my own life, I felt like there were so many brilliant lessons that can be learned from him not only as a businessman and real estate investor, but as many lessons in what not to do as a father, a husband and a human being.

The bottom line is this: you, I and anyone can be great. There are multiple paths to ultimate success in life and in real estate investing, and there are multiple lessons Steve Jobs can teach the real estate investor and which can be learned by you.

The Top Seven Real Estate Investing Lessons Steve Jobs Taught Us

1. Fear Not

Jobs was plagued by strange idiosyncrasies. His diet, his odd personal habits, his driving without a license plate, his parking in handicapped zones just to name a few. But one thing he was blessed with was a total and utter lack of fear. Lack of fear comes from many things; self-confidence, optimism, even delusions of grandeur (checkmarks on all three for Jobs here). One thing?s for sure, he had enormous amounts of self-confidence. He felt he was special and that he was put on this earth to do great things by creating the technical marvels which ultimately influenced and bettered the lives of millions of people. Those innovations still affect us all each and every day.

Even in the face of terminal pancreatic cancer, he seemed to have an almost irrational sense of self-confidence and lack of fear. His self-confidence was so great; he actually thought that he could cure himself with oddball diets and rituals, while shunning traditional medicine ? medicine that just may have saved his life. Incredibly, he seemed to have a complete absence of fear of the one thing that most of us are deathly afraid of?death itself.

It?s terrifying to buy your first house flip, for sure. But is it as fearful as death? Keep things in perspective in order to control fear. Think of the worst case scenario if you do what you?re fearful of. If you can handle the worst case pain and aggravation, then do it. If Steve Jobs could fearlessly stare down death, you can do the same.

If you?re just starting, then make your first real estate purchase. If you?ve been around the block a few times, try a new investment strategy you?ve never done before. When you face your fears and do what you fear most, you end up controlling your fears.

2. Pick Yourself Up Even After Your Failures

Can you imagine the humiliation of being fired by the guy you picked to run your company? In one of the most public firings in corporate history, Steve Jobs was fired. This was big news when it happened, sending shockwaves throughout Silicon Valley and the rest of the corporate world. Jobs did wallow for a short period of time, sure. But he picked himself up and created a new company that was ultimate bought by the company and the successor he was fired by.

If you are new to real estate investing and you lose a few thousand on your first deal because you overestimate your ARV, didn?t stick by the 70% Rule or failed to tightly manage your general contractors, then provided the few thousand didn?t bankrupt you, pick yourself up and try again.

It?s not how many times we fail; it?s how many times we get back up after failure that counts most.

3. Marry Art and Functionality

Many of us have iPhones. If you have one nearby while reading this or on the desktop beside you, pick it up. Feel the weight, notice the elegant stainless steel wrapping, the Gorilla glass screen, the smooth back. Swipe a few apps from side to side, browse the Internet, touch an app and see how they all gently jiggle to be deleted or modified. If you think all these enhancements and subtle artistic nuances of the device (since copied by the Google platform) are random, think again.

Jobs dissected each of these features and weighed them for weeks and months prior to being introduced by Apple. And each feature indelibly bears his thumbprint ? his signature. He married art and functionality to create everlasting products and innovation that will affect generations to come.

There are lots of posts on this website that discuss the ?steps? to real estate investing, house flipping, wholesaling, you name it. Follow these steps here and learn as much as you can. But then, put your own thumbprint on each of them ? just like Steve Jobs did with each of his creations.

Is there only one way to rehab a house for maximum resale? No way.

Is there only one way to round up funding for your next apartment building? Not a chance.

Virtually anyone can become a real estate investor as long as they have the desire and the ambition, but
to become a massive success, it?s going to take more than just what you learn from others. Its going to
require you to put your own indelible stamp on every deal you do. Think like Steve jobs in how you can
make your flip or rental a little bit different, enhanced or beautiful?marry art with functionality.

THIS BLOG POST WILL CONTINUE IN PART 2 OF 7 Real Estate Investing Lessons ? Learn from Steve Jobs

Source: http://www.reiclub.com/realestateblog/7-real-estate-investing-lessons-learn-from-steve-jobs-p1/

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