Though any person can easily get involved in the real estate industry, it takes a very special kind of person to be successful. While you do not have to have any special skills you will need certain personal traits or attributes if you are to have a successful real estate investing business. This article helps you answer the question, “Do I have what it takes?”
Do You Have What It Takes?
1. Are you a self-starter? Can you motivate yourself to do the job on your own without having a boss or supervisor standing over your shoulder? You must be able to take the initiative in establishing relationships with the many people involved in the this business such as real estate agents, buyers and sellers of property, potential partners, and others. I have met many people who initially started on this path to investing, but found that they were not self-starters. I started out that way myself. So I can identify with this you. When I was new to the business, I too found it difficult to take the initiative. But as I met more people, made more deals, and developed my self-confidence it became easier.
2. Are you disciplined? How good are you at keeping yourself on track and promptly getting things done? Are you willing to take massive action to achieve success? You may need to talk to 30 sellers before you find one good deal.
3. Are you organized? Can you handle paper work and keep track of all the business transactions in order to make sure that things run smoothly?One missed deadline could be hazardous to your reputation.
4. Do you have a strong desire to succeed? Would you consider yourself to be a stick-to-it kind of person? Real estate investing can be tough work and slow at first. You must have a strong desire to succeed at what you are doing in order to get yourself through the tough spots.
If these attributes sound like you, congratulations. With these traits on your side: 1) Being a self-starter; 2) Being disciplined; 3) Being organized; and 4) Having a strong desire to succeed, you are on the right path to success in real estate. It looks like you have what it takes.
If you are interested in reading more about developing the proper mindset for success as a real estate investor, I recommend The Inner Game of Internet Marketing by Connie Ragen Green and Geoff Hoff. It is a must read for all aspiring entrepreneurs.