Imagine this: You're over 40 years old. You're living in Korea, and you decide you want to invest in US Real estate. Only you don't have any experience in real estate investing, you don't have any networks, and you have no idea where to invest. In fact, you're so new to investing that you actually send over $20,000 via wire transfer to a person's LLC without a contract in place. Sounds like the beginning of another "newbie real estate horror story," right?
As hard as it is to admit, it's actually my story. It's how I got started in real estate investing.
At the beginning of 2014, I was the newbie real estate investor with no idea what I was doing. However, by the end of 2014, I was helping to organize the Seoul Real Estate Investing Meetup, had connected with the CEO of the biggest online Real Estate forum, and had made my first real estate investment in Florida, a state I had never visited with partners I had met online.
If you ask me how was able to do all that, the simple answer is hard work.
But the hard work actually started in 2013, before I was even thinking about real estate. That was the year I started to really work on developing my mindset. Growing up, I had always been a hard worker, but I also had many deep-seated fears of failure that held me back from pushing myself out of my "comfort zone." And even though I was a successful entrepreneur with two branches of an English institute in Gangnam, I knew I was capable of more.
Overcoming my fears and pushing myself to new levels of success was not easy. It took a lot of what I call "brain training."
I set about on a very systematic process of "retraining my brain" - to start to associate new thought patterns that replaced old beliefs that no longer served me. Sound like science-fiction?
I assure you there was no electroshock therapy involved!
Simple practices such as visualization and meditation became a regular part of daily routines.
In my latest interview with Tony, on his Marketing In Korea podcast, I talk not only about the new partnerships I've developed overseas, but also about the importance of mindset in helping you achieve success. I discuss how key mindset has been in helping me overcome my natural introverted tendencies and to become a more confident networker.
Click here to listen to the podcast: Growth and Development with Dan Ryu
I did my first interview with Tony, the host, back in April, and since then, his podcast has really taken off. He is averaging nearly 10,000 visitors a month to hear his weekly interviews with various entrepreneurs in Korea.
(Note: I've listened to some of his other interviews and connected with the CEO of Ask Ajumma, a concierge service, as a result. I had never met her before, but after hearing her interview, I wanted to know more about her experiences. I connected with her by email, and we met and spent several hours talking about business opportunities. So, listening to the interviews and reaching out to people can be a great way to connect with other entrepreneurs in Korea.)
If you end up listening to it, let me know how I did. Email me back or post a comment below.
And as for the $20,000 that was wired over? Everything turned out great. I'll post more on that story in the future.