Critical Success Habits In Real Estate Investing
According to Michael Sexton
President of Trump University
Successful real estate investors and developers share some key highly
Habit #1: Being Curious - Successful real estate investors
yearn to learn something new every day. From a new kind of mortgage to
a new kind of insulation; their learning never stops.
Habit #2: Staying flexible - things change quickly.
The best location to invest; the best type of mortgage to use; the best
term of investment. Successful real estate investors develop the habit
of being adaptable to changing investment climates.
Habit #3: Look at properties - learning about real estate
by reading books or surfing the Web is a great starte - but real estate
is a real asset - land, concrete and wood. To know it, you need to see
it, every day. Top real estate investors never stop looking at properties.
They learn things they could never find out from books - surprising pockets
of the city that are diamonds in the rough. Believe me - if someone else
finds it - they won't be publishing it!!c Get out there and see for yourself.
Habit #4: Cultivate the gift of gab - nearly all successful
investors love to chat with everyone they see, every day. The best source
of local knowledge is the shopkeeper, police officer, grounds keeper.
Anyone who spends a lot of time in the community.
Habit #5: Read real estate ads - obsessively. It doesn't
matter whether you think you are in the market for another property or
not - believe me, if a great property pops up - you are in the market.
Just as stock market investors devour over stock listings, successful
real estate investors are addicted to property ads. Read those ads daily,
and over a period of years, you will build a broad knowledge base that
no book could ever provide.
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