As you prepare to become a successful Los Angeles Real Estate Investor, our real estate investing training experts encourage you to take the following tips into consideration.
Develop A Game Plan
Choose what you want to accomplish and outline the steps that you must take to get there.
- Who will be involved?
- How will you meet each other and gain their cooperation and trust?
- How much time will it take?
- Where will you find this time to accomplish your goals?
- How much will it cost, and where will you get this money?
- What’s the risk involved?
- How will you handle it all?
This plan will eventually serve as your guide each day, so you need to get it right.
The life of a new real estate investor is filled with countless highs and lows. You’re on a high when you think you have a property all locked up to purchase, and then you hit a low when it suddenly falls although at closing.
Or you’re on a high when you finally do close on that house, but you hit a low when you hit a 3-week dry spell and it feels like you couldn’t get a seller to agree to your price–even if you paid double.
The #1 key to success: Don’t give up. Even someone who’s as dumb as a box of rocks will eventually succeed if he doesn’t give up.
Take Small Steps
When you break it all down, big goals, big dreams, and big plans are nothing more than a series of miniature action steps or “to do” items. When you dissect the daily life of a successful Los Angeles Real Estate Investor, you’ll find that he or she does 8 to 12 things each day that are real estate related.
All of these tiny tasks each day add up to what is, or what eventually will be, a large and highly profitable real estate investing operation. So don’t toss that “to do” list by the wayside, thinking that your small efforts today don’t mean much. They mean everything.
Become Comfortable With Discomfort
We were actually nervous at the first real estate investing meeting that we attended. But by the third meeting we attended, we became comfortable with the crowd. Had we quit after the first meeting, we would have missed out on the very information that enabled me to buy so many properties.
We learned that one of the biggest keys to success is persisting through uncomfortable situations until they eventually become comfortable. This is where true growth occurs.
Do What You Say You’re Going To Do
As a reputable Los Angeles Real Estate Investor, your reputation means everything. They say it’s a small world, but the world of Real Estate Investing in Los Angeles is even smaller. So our Los Angeles Real Estate Investors recommend that you be honest, be courteous, and most importantly, do what you say you’re going to do. If you say you’re going to purchase another Los Angeles Real Estate Investor’s house, then purchase that investment property!
Otherwise, your name will eventually become irrelevant, and you’ll have a difficult time purchasing from not only that Los Angeles Real Estate Investor, but just about every other investor in Los Angeles and Orange County, CA as well.
Be On Time
Showing up late is just about one of the most disrespectful things you can do to another Los Angeles Real Estate Investor, inspector, contractor, or anyone for that matter. It shows them that you don’t value them or their time, and time is much more valuable than money. Money can be replaced. Time unfortunately can’t! So be on time. You’re much more likely to create trusted allies who can help you along your path to success as a result.
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