Many new Latino Real Estate Investors feel stuck before they even start their real estate investing journey. That nagging voice in your head questioning your abilities or resources isn't just annoying—it's a limiting belief actively holding you back from building wealth.
As a first-gen Latina investor, I've battled these mental barriers firsthand. The truth is, these limiting beliefs—"I need to have it all figured out," "I don't have enough money," "ambition is selfish," and "I don't know where to start"—are psychological barriers masquerading as practical problems. They're rooted in deeper issues: fear of failure, scarcity mindset, concerns about judgment, and information overwhelm. Recognizing the real source of resistance is half the battle.
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Episode Transcript
What if something goes wrong?
Maybe I am not smart enough todo this, or you know what I need
to do x, y and z beforeactually doing this thing.
These thoughts that you have inyour head.
You know that voice that's inthere telling you these thoughts
and telling you these beliefs.
(00:22):
These are all limiting beliefsand they can hold you back from
accomplishing your goals anddreams, and they can show up in
many aspects of your life,including real estate investing,
and so in this episode, I wantto go over some limiting beliefs
(00:43):
that I commonly hear from newinvestors or someone that's
interested in getting started inreal estate investing.
I'm going to talk about thecommon ones.
What really is the deeper issueand how you can overcome that
voice in your head so you canactually get out here, start
(01:04):
taking action and get out herebuying real estate now.
These limiting beliefs areactually part of my keys to cash
flow rental property bootcamp,and I wanted to give you a sneak
peek of things that are coveredin this course.
We go into not just thelimiting beliefs but also
(01:26):
setting your mindset, becauseovercoming these limiting
beliefs and setting the rightmindset is going to set the tone
for your real estate investingjourney, because you are going
to always, something's alwaysgoing to come up throughout your
real estate investing journey,and so overcoming these beliefs
now, or learning to recognizethem and creating that strong
(01:52):
mindset is going to help youovercome these obstacles.
But other things that we arealso cover in this course is, of
course, how to calculate cashflow, how to analyze property
and also a market propertymanagement.
All that is covered in thiscourse to get you ready to go
(02:15):
buy your first or next rentalproperty.
All that information will bedown in the description or the
show notes.
But yeah, let's get into theselimiting beliefs.
The first limiting belief that Isee is the mentality of I have
to have it all figured outbefore I start, and what does
(02:35):
this really mean?
What's the real issue when yousay this?
And I feel it is the idea ofperfectionism and the fear of
failure and the whole hustleculture of our community, and a
(02:56):
lot of times we never had theluxury of being able to fail
because so much is riding on ourshoulders.
I know I felt this way as afirst gengen Latina and also the
first eldest daughter.
Everything is on my shoulders.
(03:18):
I am the person that is pullingmy family forward.
So I cannot make rash decisions, I cannot take too many risks,
because if I fail then I fail myfamily.
So then you build that fear andalso a little bit of pride and
(03:40):
ego comes along with it.
I'm going to say that because wedo kind of get this eagle a
little bit of being first andwith that comes a little bit of
that pride of being having to beperfect and wanting to be
perfect and having to do it allcorrect the first time.
(04:03):
Because, especially if you arean immigrant, then you have this
mentality of that you have tobe perfect, you have to deserve
your opportunity here in the usand, uh, show that you are
worthy, right?
So sometimes it comes with thatof having to be perfect.
(04:25):
And so how do we overcome thismentality?
How do we overcome thismentality?
How do we overcome thislimiting belief?
Well, yes, you want toobviously educate yourself
because you definitely don'twant to jump into it blind.
Believe me, I did and I made alot of mistakes.
But you also don't want to getstuck in the analysis, paralysis
(04:49):
type of mentality or in thatphase where you're just like
downloading all the freebies andtaking all the courses and
stuff like that, and but youjust can't seem to take that
first step because you want thatfirst deal, that first rental
property that you buy, to beperfect.
(05:09):
And so that's what we're goingto do in this course.
Yes, we're going to educateourselves.
We're going to learn a lotabout how do you calculate cash
flow and how to analyze a marketand all of that.
But we're also going to get outthere and actually take that
first step, because clarity isgoing to come with action, not
(05:32):
the overthinking.
You're going to think, think,think, think, but you cannot
think of all the solutions orscenarios until you get out
there and see how it's actuallydone and you may realize that it
wasn't that hard.
Or maybe there's things thatyou didn't think of at the time
(05:53):
that you were learning all thesethings right and again,
learning to be okay with failure, because at some point or
another you're going to mess upand the only thing to do is to
learn from them and continue,push forward.
But also, we're going to planfor the worst.
(06:15):
That doesn't mean that you'rejust going to like, accept that
you know you messed up on a dealand lost money.
We're going to plan for it andeducate ourselves enough to
reduce that risk Limiting beliefnumber two is the belief that I
don't have enough money toinvest.
(06:35):
I hear this all the time and Ihad this mentality as well at
the beginning, because I justthought about loans and I was
like, okay, I gotta get a loan,but now I have to raise the
funds for a down payment and soon.
But, deep down, what is thereal issue is the mentality that
(06:55):
it's only for the rich.
We have a little bit ofscarcity mindset and some of us,
you know, we have maybe somegenerational poverty or just
poor financial literacy, or poormoney management, or our
families.
We come from families thatdidn't know how to make their
(07:17):
money work for them.
It was just, you know, tradinglabor for money right and again,
just the lack of financialeducation of what options you
have.
And so then, how do we overcomethat is, of course, making sure
that we understand you don'tneed to be rich to start.
(07:40):
It's really justresourcefulness, let me tell you
.
Uh, there's a lot of people outhere investing in real estate
and they don't even have thefunds for it.
Personally, they learn how todo like creative financing,
whether it's, um, buying aproperty from directly, from an
(08:01):
owner, where they agree to sellit to you in payments or
whatever.
Or learning to get money from aprivate money lender or hard
money lender, and all theseoptions we're going to talk
about in another module later inthis course.
So really is just learning whatresources are out there and
(08:22):
learning how to get that moneythat is out there, because I
know a lot of people that havethe money in the bank to like,
some of them even have the moneyto buy cash, and so this
limiting belief of thinking thatyou just don't have the funds
to invest is, uh, not a reallimit because, again, there's
(08:50):
people out here that have thefunds but it's more fear or lack
of education or anything thatthey just don't want to do it.
So, again, it's moreresourcefulness, educating
yourself on the variousfinancing options that are out
there, and we're going to getinto that later in this course.
(09:10):
Limiting belief number three isthat money or ambitious ambition
is selfish.
This mentality that money isevil and I'm not greedy, I don't
want to be greedy, I don't wantto like, buy up all these
houses or whatever, and it'sseen as selfish.
(09:31):
But again, what's the realissue is, again being seen as
greedy, the mentality of slumlandlords.
There's a lot of negative viewson being a landlord, of course,
and that there's a fear ofbeing judged because of it,
(09:52):
because you're buying propertiesand being a landlord and, of
course, capitalism is bad, ofcourse.
That's the the big issue.
I know I had to overcome thisbelief myself, but I had to
realize that unfortunately, wedo live in a capitalistic
(10:16):
economy and we have to work withwhat we have and, like money is
power, money isn't selfish,it's revolutionary.
Money gives you the ability todrive change, even if it's a
small change for you and yourfamily.
(10:38):
And or if you want to go biggerand really make change in the
communities that you invest inor just have funds to, you know,
donate to a charity, becausemoney is not only power but it's
a resource that is used to helpcommunities in need or lift
(11:01):
communities and things like that.
So our communities, we needbold and, you know, visible
latinas that are out herebuilding wealth and, even if you
don't have the capability to dobig change, just making that
change for your own family, toget yourself out of.
(11:25):
You know, trading your laborfor a dollar, building, gaining
financial freedom and buildinggenerational wealth for your
family that's already changing,uh, and helping our community in
itself.
So don't knock that.
You don't have to do a bigchange in the big world, right?
(11:46):
And because when you thrive, weall thrive and it brings, it
helps bring everybody up as welland motivate each other.
And the last limiting beliefthat I want to talk about is
another barrier of not evenknowing where to start.
And I see this all the time andit kind of goes with limiting
(12:09):
belief number one wanting to doit correctly.
But you do all the things again.
You do all the research, youlearn all the things, you read
all the books, listen topodcasts, you listen to youtube,
but then at the end of the dayyou're kind of stuck on what is
(12:29):
your next step?
And then you just stay there,you just don't do it, and it's
just like well, I don't knowwhat to do, so I'm just not
going to do it.
And it's just like well, Idon't know what to do, so I'm
just not going to do it.
And so, right there, the mainissue is information overload,
because real estate investing isa huge umbrella.
(12:50):
There's so many strategies.
I know I was overwhelmed when Ifirst started learning about
real estate investing.
That had I not already started,by accident, because I bought
my first house, I house hackedit and then I you know rented it
(13:10):
out and then I you know fellinto real estate investing.
Had I not done that and thenstarted learning about real
estate investing, I don't knowif, like how long it would have
taken me to actually jump intoit, because when I started
learning about it, there was somany things whether do I want to
(13:31):
do an Airbnb?
Should I do a midterm,long-term?
You know what?
What do I want to do?
Mobile investing, rv parks,like?
There's so many strategies outthere that it can get
overwhelming.
So you get this overload ofinformation.
And then there's a lack ofmentorship Again.
(13:53):
Had I not had a mentor thathelped me switch my strategy to
what I have right now,multifamily like I would
probably still be lost in thesauce.
And then we have the issue ofbeing the first one in our
families.
I don't know anyone over herethat is investing in real estate
(14:19):
, so it's just me.
I'm the one, I'm the blueprint,so we have that as well.
And you have a lack of direction, kind of going back, a little
bit of not knowing where youwant to go with real estate
investing.
What do you want to do with it?
Like, yes, the idea is to makemoney, and that was my big thing
(14:40):
, why I jumped into real estateinvesting.
Once I figured out I could rentout my house and stuff like
that, uh it was like, oh, yay,I'm gonna make money.
But then what?
What am I gonna do?
How, what, what do I do next?
And then there's a little bit ofself-doubt as well that it is
too complicated and kind of tiesinto the other limiting beliefs
(15:01):
of that not knowing enough ornot being good enough.
I don't want to fail all thatstuff.
So you have a little bit ofself-doubt.
So, in order to overcome thisis just understanding that you
don't need to know everything,just what your next step is,
(15:22):
your next immediate best step,whether it's, you know, paying
off debt or understanding whatfinancing options you have,
where you want to invest orwhatever.
In this course we're going toget into that.
Of course, by the end of thiscourse you're going to have a
roadmap of step-by-step what youpersonally need to do to
(15:45):
actually get closer to buyingyour rental property and
actually buying it.
So, yeah, just remember that,start with the smaller steps and
take one step at a time andtrust yourself that you're going
to figure out the next step aswell.
If you're a planner, like me,sometimes you like to plan the
(16:09):
next few steps, but I alwaystrust myself that by the time I
get there I would have figuredsomething out.
And if you don't have itfigured out by then, then you'll
figure it out then right Now.
The thing with limiting beliefsis that these stem from your own
personal experiences, thingsthat you've gone through and
stuff that happens to you thatstays with you.
(16:32):
So, learning how to identifywhat the actual issue is when a
negative thought comes up, likefeeling like, oh, it's too
complicated, it's because youdon't feel that you are not
smart enough to you know, do allthese calculations.
And then it goes deeper intothat, like why do you feel that
(16:55):
you're not smart enough?
So learning what your personallimiting beliefs is half the
battle, because then you have tolearn how to overcome them.
Because and I love this quoteif you accept a limiting belief,
then it will become a truth.
Truth for you, and it's bylouise hay, and exactly exactly
(17:18):
what it says is you have tolearn how to overcome these and
not actually be a limitingfactor uh, preventing you from
getting started on whatever itis with your life right, because
then it becomes the truth.
So what are your personallimiting beliefs and how can you
(17:40):
overcome them?
Take your time and address whatis it that is limiting you,
what is stopping you fromactually taking that next step,
taking that action step to goout there and start buying your
first?
Or maybe you're uh on wantingto get your like second or third
(18:03):
rental property, but for somereason you've been kind of
stagnant.
You've been on hold because youdon't know what to do next, or
whatever it may be.
Or maybe you were like me atthe beginning where I just
jumped into it and then nowyou're kind of like overwhelmed
with all your choices.
So definitely take your time,figure out what those limiting
(18:25):
beliefs are and reflect and kindof troubleshoot and brainstorm
about what you can do toovercome them.
And you're going to have to dothis throughout your real estate
investing journey.
Random limiting beliefs come upfor me all the time, especially
now that I want to pursue a newstrategy, now that I have my
(18:48):
current strategy kind of down.
I want to challenge myself.
So I have some limiting beliefscoming up for myself.
Again, this was a sneak peek ofmy Keys to Cash Flow Rental
Property Bootcamp and we again,like I was mentioning, we also
go into the mindset portion andyour goals and your vision, and
then we cover all the knowledgethat you're going to need, all
(19:11):
the skills and other resourcesand all that is in this course.
It's a self-paced course.
All the information will bedown below.
But, yeah, other than that,that's it for this episode and I
will see you in the next one.
Bye.
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