Real Estate Investing Mistakes - Interview With TJ Marrs - Master of Paying Off Your Mortgage Fast

Many real estate investors make lots of mistakesrunway. You have to get the manual out and figure
while investing. T.J. Marrs, the real estate trainer thatout how to start the airplane. This is what people do
teaches how you can pay off your mortgage in 3 - 9with real estate. They buy the manual and think they
years without increasing expenses, will tell you what hedo not need anymore help. They think that they can
thinks it the biggest mistakes.look in the manual and just do it. You would not want
Layla: T.J., what are 3 biggest mistakes real estateto fly a plane just by reading a manual. If you do, you
investors make?will be able to start the plane and get it off the ground,
T.J.: The following are 3 biggest mistakes that realbut you will not know how to land that plane. The
estate investors make when investing in real estate:moral of the story is that you always land. The
1. I always say some people become seminar junkies.question is will it be horizontally or vertically?
They love to go to seminars. They always feel good3. The final mistake is fear. Do not be afraid of making
and have a good idea. They come home and put thea deal or going after a deal. Same as flying, if you don't
package they bought on the shelf and they do nothingfully understand flying a plane, get someone in the
with it. This annoys me because there is good stuff incockpit next to you that can help you achieve the
those packages. You have got to use the information.success you are looking for which means landing the
2. Another mistake is that people try to go at realplane. With real estate investing, good mentors can
estate investing alone. Investing in real estate or evenhelp you find the success you are looking for without
managing your own mortgage is like learning how tomaking the big mistakes that the mentors may have
fly an airplane. You can not fly an airplane sitting on themade.