Hello to all,
I am a fairly new investor and have learned a few things to watch out for I thought I would share.
1. I learned that most investors don't have a clear vision of what it is they want, let alone how to get it. Do not go into this Blindly.
2. Unsuccessful investors rarely invest in themselves. I found you need to invest in yourself and your Real Esate Investing Education.
3. Inexperienced investors rely on the advice of the uniformed and the uneducated. I have learned to surround myself with positive, motivated like minded investors who can assist you in reaching your goals no matter how BIG they are. This group is a good start.
4. Most investors will deny themselves great opportunites becasue they belive they are denied great opportunities. Belive in yourself.
You can do this, I know it.
5. Uneducated investors are often paralayzed by bad credit or lack of money. I have learned there are MANY conventional and unconvential techniques to make money in Real Estate. I have done them myself.
6. The one who makes money in RE (Real Estate) understands how to establish value while those who do not make money rely on others to establish value. You must learn how to work the numbers and determine the market value of a property.
7. Every successul investor business owner leader or organization has systems in place to foster and build success. Learn to make your own systems to help you insure a profit.
8. Many First time investors don't understand how to leverage other peoples times in their business. Build yourself a TEAM of experts that will work with you to streamline the process.
9. Problem solvers I have found are the ones who make money.
Self centered investors don't.
Be a problem solver.10. Many unsuccessful investors overlook the importance of marketing in RE. Learn to Market to sell, buy and tennant your properties.
11. In large measure your success will be in direct porportion to how well you deal with and get along with other people. Unsuccessful investors many times miss the all important aspect of REI. Study people and rapport building skills that open doors and opportunities.
12. The failing investor doesn't run their buisness at all like a business. They just wing it and hope for the best. You must incorportate a sold managment strategy to build and manage teams of experts that do the work so you don't have to.
Until next time, Happy Investing.
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