Do you have what it takes to win in the real estate investing industry? 2014 will witness a myriad of changes and it is up to you to make sure you can meet or exceed their demands. Take the appropriate actions to position yourself for a successful New Year.
2014 promises to be a huge year for many real estate investors. It will certainly be bigger for some than others. But if there is one thing that has become clear over the last year, it is that success can come from anyone and anywhere. Regardless of your financial situation, educational background or even instincts, preparation can lead to success.
However, looking forward, there are certainly characteristics and habits that will give some real estate investors an edge in 2014:
One thing is for sure; great success and wealth form real estate investing isn’t going to come to those who are simply waiting for it to fall into their laps. It is going to take drive and determination. Sometimes it will come easy, sometimes it will take a little work and perseverance. It is up to you, however, to make sure the appropriate drive is within reach. Diligent work will almost always be rewarded accordingly.
2. What You Read
A quick glimpse at the books an investor is reading will not only reveal volumes about them, but can definitely be a significant indicator of where they will be a year from now. What books are on your desk? What blogs are you signed up for? Even more importantly, what real estate investment courses are you studying? What you read can influence your trajectory. Make sure it is taking you in the right direction.
3. How Much They Golf
Okay, perhaps not specifically golf, but how much time a real estate investor spends relaxing is just as important as the time they put into creating deals. It’s this time that allows them to think, innovate and recharge while others are burning out. Think about it; even though frequently criticized for it, the president takes regular vacations and breaks. Time for relaxation and evaluation is critical.
4. How Much is Invested in Education
How much time and resources an investor plans to dedicate to continuing their education is one of the most significant indicators of success. When an investor stops learning, they start sliding. So look for courses, audio materials, seminars and conferences to attend and black out the time early. The real estate industry is constantly evolving. Those who neglect to change with it will be obsolete in no time. A proper education prepares you for scenarios such as this.
5. How Large Your Social Media Following is
It is true that some real estate pros are still doing quite well with meager social media followings, but there is absolutely no question that those with the biggest followings will absolutely have a major advantage. They will not only enjoy ROI advantages when it comes to real estate marketing, but speed and market dominance too. Social media platforms are a great and cost effective way to reach a broader audience. If you are not taking advantage of them, you are only hurting yourself.
6. What You Eat & How Much You Exercise
Not all real estate investors are going to love this part. Others will find it a natural part of their daily routine. However, diet and exercise can’t be ignored. Great real estate businesses may have been built on candy bars and burgers, but in the competitive environment ahead, there is a clear edge to be had by those that look for every opportunity to fine tune their game and increase their peak performance.