Out of the two...fear is the bigger motivator by far.
You may have seen this before - but Tony Robbins said it best:
“The secret of success is learning how to use pain and pleasure instead of having pain and pleasure use you. If you do that, you're in control of your life. If you don't, life controls you”
If you are just getting started house flipping as either full time job or just part time, this is the most critical element to conquer before you even consider doing your first house flip.
Here’s the really strange thing. We make the vast majority of our decisions to do something or not do something based entirely on what we THINK will happen instead of what will ACTUALLY happen.
So in any case, when we are confronted with a decision to either do it or not to it, whether it’s flipping houses or deciding on going to a party, most of us think about what we would LOSE by choosing to move forward with that decision.
We project ourselves into the future and THINK about what these things will feel like in the future. More often than not, this is not based on reality at all.
The reality for most of us is we completely fabricate painful outcomes based on very little data, if any at all.
This “projection” is all about our own twisted PERCEPTION of what reality may actually be.