http://www.alko-win.comPresented by Alan David Kosinski for Real Estate Investors Thunder (REIThunder.com)
The question that I hear the most from both beginners and others who have not made money in real estate investing is “How can I become successful in Real Estate Investing?” After setting goals (see part 1), the next thing is to:
Incorporate a Business Sense a/k/a Business Acumen
A keenness and quickness in understanding and dealing with a “business situation” (risks and opportunities) in a manner that is likely to lead to a good outcome.
a. Interpersonal Skills
How you interact with your clients, customers, workforce and possibly investors, can make or break your business. It is so important that you build a great relationship with everyone. Read the book How to Win Friends and Influence People by Dale Carnegie.
b. Organizational Skills
You need to be obsessive about keeping things organized.
1) Write things down; 2) Make Schedules & Deadlines; 3) Don’t Procrastinate; 4) Give Everything a home; 5) Declutter Regularly; 6) Keep Only What You Need; 7) Learn Where to Discard Items; 8) Stay Away from Bargains; 9) Delegate Responsibilities; 10) Work Hard – put effort into everything!
c. Critical and Creative Thinking
Fresh ideas and creative ways to push your business forward are what differentiates your business from similar businesses. If you think you lack creativity, there are great books and courses available that can change your life. An outstanding example is Julia Cameron’s book and course The Artist’s Way. Elizabeth Gilbert, the author of Eat, Pray, Love says: “Without The Artist’s Way, there would have been no Eat, Pray, Love.” Elizabeth’s own book on creativity Big Magic can also help you bring out your creativity.
Problem solving skills also rely on creativity in business situations. You must always be prepared for the worst and the most pro-active thing you can do is to always answer the question – ‘What can go wrong?’- before you take any step. This will give you an understanding of the risks and how to prepare for them.
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Above all else, you will need an excellent base of Correct Worthwhile Education.
There are so many programs for sale to potential real estate investors that it is difficult to find the correct ones that can not only lay down an excellent foundation to build upon, but that will continue to educate you with the knowledge to actually start making money.
This is where ALKO-Wealth Improvement Network comes in. Check out ALKO-WIN.com – you will find that we cover all the topics necessary for Real Estate Investing Success!