subject: What Is The Number One Key To Success In Real Estate? [print this page] What Is The Number One Key To Success In Real Estate?
Pick a Plan and Stick With it!When you finally decide to start investing in real estate you are going to need a strategy plan. The problem that most real estate investors have is that they don't have any sort of plan and are overwhelmed with choices. The key to success is to pick one strategy and stay focused. Focusing is probably the most important thing you can do! If you are unfocused, your business will probably fail from the start.First you need to decide what your goals are. The questions you need to ask yourself to get started on the right path include:1. Do you need fast cash, cash flow, or tax benefits?
2. What sort of time do you have to work your business?
3. How long does it take to make money in an investing method?Things you also must consider:1. Find an investing trainer that you can trust! Do your research on the person who is teaching the course.2. Can you afford it? There is no sense in grabbing a course if it is just going to bankrupt you.3. Does the course have everything you need to be successful, or is there something they are hiding from you just to sell you more information later?Once you have chosen a plan. STICK With it. When you find a decent course, don't be tempted to switch at the drop of a hat. The problem many real estate investors have is that they are being constantly bombarded with advertisements for the "latest and greatest" course or system. These courses are pitched as the best thing since the wheel, and they are also advertised in such a way that you would be inclined to agree.The majorities of courses are designed to appear cutting edge. The marketing sales pitch is supposed to make you feel as if you would be losing money if you don't buy it. Remember that while the grass may be greener on the other side, starting over can be detrimental. You need to trust the plan you have chosen. Once you have established yourself in one strategy then you can start exploring other plans.Let's be clear on this point: one course is enough. ONLY after you have become successful in one real estate investing method is it time to start looking at other investing methods to add to your investing "toolbox".The goal of real estate investment is financial independence, and you can be in the top percentage of those who succeed by concentrating on one plan at a time and ensuring you follow that plan to the letter.
