Know What You Don't Know

Have you ever heard anyone say that they are so lost on a subject that they don't even know what they don't know? I have heard that recently and it came from a very bright person.

What they mean is that they understand that they can't get started until they learn where to start. Growth only comes from being able to understand where you are at.

In commercial real estate this saying is very true. You must know how to get started in order to be successful. While many people think they know how and where to start the truth is they don't know what they don't know.

For those of you that want to transition from residential investments to small commercially you must listen to what your trusted advisers are saying to you. If you listen to everybody on the street corner and can't get anywhere, then maybe it's time to build a team of trusted professionals that will give you the right answers.

Remember, this is a business and you're not always going to hear what you want to hear. As a matter of fact the really good advisers will give it to you straight. You may not like it, but hey, at least you'll know what you don't know and that's a start!

So figure out when its time to get serious about making that transition and then call a professional that will tell it to you straight and stop spinning your wheels and wasting time with nare-do-wells that just want to get in your pocket.

Sometimes a little dose of reality is just what the doctor ordered!

Michael Gross is the President of Dividend America Mortgage and has been in real estate for over 20 years. He has been a builder, a Realtor, an appraiser, and currently he is a lender and an active real estate investor. He uses all of his experience and knowledge to show individuals how to properly use a mortgage as a tool to help create greater wealth through real estate investing. For more information on residential and small commercial loans please call 770-350-7373 or email mgross@dividendamerica.com