10 Habits of Successful Real Estate Investors

By Paul Nettleton | January 13, 2015

Joint ventures, wholesaling and property management are just a few of the ways investors can profit from real estate, but it takes a little savvy to become successful in this competitive arena. While certain universities do offer coursework and programs that specifically benefit real estate investors, a degree is not necessarily a prerequisite to profitable real estate investing. Whether an investor has a degree or not, there are certain characteristics that top real estate investors commonly possess.

 

This list will identify 10 habits that highly effective real estate investors share.

1. Make a Plan

Real estate investors must approach their real estate activities as a business in order to establish and achieve short- and long-term goals. A business plan also allows investors to visualize the big picture, which helps maintain focus on the goals rather than on any minor setbacks. Real estate investing can be complicated and demanding, and a solid plan can keep investors organized and on task.

2. Know the Market

Effective real estate investors acquire an in-depth knowledge of their selected market(s). Keeping abreast of current trends, including any changes in consumer spending habits, mortgage rates and the unemployment rate, to name a few, enables real estate investors to acknowledge current conditions, and plan for the future. This enables investors to predict when trends may change, creating potential opportunities for the prepared investor.

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Paul Nettleton's favorite “Habit” is #2... Know the Market.

"We have a number of knowledgeable realtors in our local market who can assist in learning and knowing the market. An honest, caring knowledgeable Realtor is invaluable for the Real Estate Investor!"

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Posted in Real Estate Tips