How to Think & Work Like a Successful Real Estate Investor

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Just the other day I was reading an article about millionaire mentality. I shared the same article with my friends on Facebook where I got the standard likes. I don’t know if anyone actually read it, as the article was nothing original or profound but it was correct.

Being successful is not an end result of work. Success in anything, is the continued outcome of constant work and relentless focus. Every one of us has the same amount of time each week, 168 hours. That is 7 days. It’s what we do with it, what you do differently with those hours that changes the outcome.

I have nothing special over any of you. I quit school at 14. I never attended college. I swept floors on constructions sites to make a living. I was just like so many you will meet. I worked for a pay check, used up my hours laboring and got some cash for the hours spent. I soon realized though that my life was going nowhere. I wanted and needed more!

Success is All In Your Mindset

Today, I am a successful Real Estate investor— because of the way I think. The way I changed myself and my habits enabled me to use time to my advantage and move ahead of my competition. Everything I do and everyone that I allow to enter my life align with that purpose.

Related: 5 Ways You May Need to Change Your Real Estate Mindset 

It’s not just to make money. Money can be spent, it can be lost, devalued or stolen. My focus is on a lasting contribution to my circle of friends, family and partners. Money, thankfully, does come along with that contribution! Like any investment, when I use my time to accomplish something I expect a greater return. I have walked away from many people and deals.

Not because I wasn’t going to profit, but because the return on the investment being “my time”, was below expectations and had a higher possibility of risk.

When I think about millionaire mentality, more importantly, what I do in my life to keep that focus, is curtail to my success. I wake up every day earlier than most, 6-6:30am at the latest. I change my voice mail greeting with the new date.

My Daily Routine

I read several positive articles about Real Estate topics and leadership.

I pop out the notepad and update my daily to-do list and areas of focus. I check online forums for new deals and urgent emails. By 7am, I am in the office updating and responding to social media. By 8am, my daily appointments are set and I meet with or call my business partners to relay information.

Related: Real Estate Investors: Do These 5 Things Now… Or Regret It 10 Years From Now

Over the course of the average day, 100 phone calls, several face to face appointments, 100+ emails and a dozen or so property evaluations. I try to not work more than 12 to 13 hours each day and possibly take a half day off on Saturday.

Because so much Real Estate is listed on Sundays and most people are free to meet, I am typically working the whole day. At the end of the day I review my list and reply to messages to prepare for the next morning.
This takes commitment and a daily desire to meet your goals, always reaching toward the end result and the better the results, the harder you must work.

I get up every day knowing what I need to do to be successful for myself. I don’t need anyone to validate that or remind me of it, I just do it because I commit myself to the task. I use all the time and resources necessary to focus on meeting my goals.

I ask you, “What are you doing to make millions of dollars? What are you doing to be successful?”

Be sure to leave your comments below!

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About Author

Engelo Rumora is the founding partner of Ohio Cashflow and a successful property investor that quit school at the age of 14. He is known for buying “Australia’s Cheapest House” and building a property portfolio valued at over $1,000,000 in only 6 months. To find out more go to engelorumora.com

16 Comments

  1. Engelo,

    The daily routine maybe the key to all success in this real estate industry. You must be willing to work at the marketing side of it to achieve the goals you set forth.

    If you want that 1,000,000 worth of properties you need to sit down and map out your plan of attack. At the end of the day its all about doing the do to get the results.

    Antonio Coleman “Signing Off”

    Great post Engelo, keep hustling bro

    • Engelo Rumora

      Hi Antonio,

      Thanks for your comment.

      I have always considered Real Estate to be a numbers game. The numbers in the deals and also the numbers in how many people you connect with daily.

      I have personally had many doors open due to working those numbers to my utmost ability. It is very tough when starting out as all marketing tends to come at a price. A motto that I follow is to keep costs at a minimum and drive revenue. Once the revenue starts pouring in, there are many ways to spend it wisely and continue growing.

      Thanks again for your comment and keep the dream alive :)

    • Engelo Rumora

      Thanks for your comment Ericka and 100% agreed.

      Not just talking but taking action as you mentioned. No matter what it is you want to achieve.

      Its all about rolling with the punches and just moving forward.

      Thanks and have a great day.

  2. I always find it amazing to look back a couple years and see how far I have come. I work towards my goals everyday. Some days it is only 12 hours, some days I am up and going for 30+ hours straight. There is no way I could do that unless I could see where it was leading. Being avle to see how far I have come makes those future numbers all the more real and even conservative. I definitely enjoy being called crazy for the schedule I keep and am even more grateful for my wife who is on the same page. Success is a lifestyle, not something you wake up a noon and find that has happened to you… great article!!

    • Engelo Rumora

      Hi Kyle,

      Thanks for your comment.

      I love that 30+ hr figure.

      Believe it or not, one of the things on my bucket list is to work from 7am – 7am the nest morning lol My best score thus far was till 3:30am :)

      I have also received the “he is crazy” treatment on a few occasions. I never dwell on those individuals or what they say. Its important to focus only on the positive energy and moving forward. The negativity eventually fades away.

      There is an old saying from the country my parents come from, and translated it goes like this:

      “When a good horse gallops, it kicks up a lot of dust behind it”

      Keep galloping everyone ;)

  3. What do you do for fun?

    I must admit, this question puzzles me, because I answer that I do my house projects or work in my backyard. And I usually get this “what?” expression on other people faces. Then I correct myself and add, I spend time with my kids (thinking, and we do house projects together or work in the backyard together). No, we do go to the zoo and other kids places, but we don’t sit in one place, they walk or work hard. I guess my “fun” still applies “working hard.”

    So Engelo, I wonder, what do you do for fun, and if others want to answer, I would like to know their answer too.

    • Engelo Rumora

      Hi Galya,

      Thanks for your comment and my apologies for not replying sooner.

      It has been quite a busy year for me and the last full day off I had was on December 27th of 2013 :)

      Everyone has a different perception on different things. Personally, I very much enjoy working in Real Estate and growing our business which I consider two very FUN things to do.

      I don’t have much time to travel at the moment but as soon as time allows I will do so. This is something else that I consider to be enjoyable and FUN.

      Thanks for reading and have a great day.

  4. Angelia Bolling Speight on

    Engelo,

    Thanks for the motivation! I’m a newbie rei, but have had
    Properties but only lost money!
    I’ve been working hard at educating myself but not understanding
    Where to start and where to put in the time.
    Great info but don’t forget to sleep!!

    • Engelo Rumora

      Hi Angelia,

      Thanks for your comment.

      As long as you have learned from your mistakes than you can consider them a positive experience. I still make many everyday but do my best not to repeat them :)

      I definitely need to get more sleep and have slowed down with the energy drinks and coffee.

      Doctors orders lollol

      Thanks for your time and have a great day.

  5. Great article. You are right on point with your assessment. it is all about your mind set. Confidence and belief in yourself and trust in your decisin making are also key elements to success.

  6. Great points.
    Having the right mindset and then having the discipline to develop a killer routine is like 90% of what you need to be successful.
    A mediocre individual that is organized and disciplined will out perform a disorganized genius in most practical endeavors.

  7. Engelo,
    Thank you for a great post – very encouraging and straightforward. Being successful and achieving your goals does require a lot of work, discipline and commitment. If you strongly believe in yourself and devote your time to what you really want, there’s no way you won’t succeed! I think you saying that “Everything I do and everyone that I allow to enter my life align with that purpose.” is very essential too. The circle of people we surround ourselves with play a huge role for our motivation and mind-set!

    Evelyn

    • Engelo Rumora

      Hi Evelyn,

      Thanks for your comment.

      As the saying goes “You Become Who Your With”

      I always “preach” that success comes from establishing trust and relationships with the right people. Once you are surrounded by the right people, there really is no limit to what the group can accomplish.

      Thanks for your input and have a great day.

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