Attributes and Mindset of a Successful Real Estate Investor

So what makes an investor successful?  I see many people who want to invest but just never start doing it.  What does it really take?  I’ve made a short list of qualities I’ve seen in my fellow successful investor friends and myself.  I know this isn’t a complete list; I just wanted to get a discussion going.  Lets here it from all the successful investor, what makes you successful?

1.        Never Give up and Failure is not an option

I don’t give up on anything! I fight to the very end no matter how many setbacks I may have. Even if you fail, don’t give up! With each failure, you are only one step away from victory. Failure allows us to learn, so while you may encounter failure, use the experience positively and believe in your success.

2.       Be Positive

I think positive thoughts, and I try to surround myself with positive people. I don’t think negative thoughts about myself or my business. I always expect the best for myself and expect increasing success for my business. There are times when you just can’t avoid negative people. When I encounter them, I counter their negativity with positive thoughts and just let their attitude go. I never take it personally, and I don’t let their thoughts stick in my mind. Your thoughts reflect what happens in your world. If you constantly think positive thoughts, positive things happen. If you constantly think negative thoughts, negative things happen. Just like the law of attraction. Like attracts like!

 3.       Learn as  you go

I took many classes and read many books, but I got the most education by just learning as I went.  This is how you gain the most experience.  Sure I came across lots of struggles because I didn’t know what to do next, that’s when I would go to investor meeting or online forums for help.  There are always experts willing to help or mentor me.

4.       Believe in yourself

“The Law of Belief states that whatever you believe with feeling and conviction becomes your reality. It is not until you change your beliefs that you can begin to change your reality and your performance.”[i] I believe in myself. I believe I will always be successful, I will always get what I want, I believe that my business will be successful, I believe I will help a lot of people save their homes from foreclosure. I never believe anything bad will happen to me or that I will lose money on a deal.

 5.       Believes in the law of attraction

Imagine starting to believe in yourself and your infinite possibilities. Imagine believing you deserve everything you want out of life. Imagine getting everything you want out of life. The Law of Attraction simply says that you attract into your life whatever you think about. Your dominant thoughts will find a way to manifest themselves.[ii]

 6.       Confidence

I am a very confident person, and I portray myself to others as being a confident person. I don’t show others any personal insecurity in myself. While it is easier to show confidence when you are an expert in the field, you can still portray confidence in yourself while you are learning. Don’t let others see your insecurities. Confidence always sells the deal.

 7.       Be a “Go Getter” or Just Do It-As Nike says it

It is much easier to move forward and just go for it once you have changed your state of mind. But you can’t go anywhere unless you start somewhere, so just get out there and get started! There is nothing wrong with learning as you go. I did! When I had questions, I went to my mentor. I knew what I wanted, and I knew I could ask questions if I got stuck, so I jumped right in head first and got started. So, what are you waiting for?

 8.       Set Goals and Stick to Them!

Goals should be realistic, so be sure to set reasonable goals for yourself, your business and your personal life. My first year’s goals were goals to get me started. As I evaluated the goals I had accomplished, I began setting more aggressive goals for myself. Each year, as I evaluated past goals, I was realizing I was accomplishing more than I had set out to accomplish. Setting goals and evaluating your progress keeps you focused, keeps your career growing and gives you the added confidence boost when you realize you have exceeded your own goals!

 9.       Don’t Doubt Yourself

Doubting yourself can be the biggest factor in holding yourself back. If you don’t believe in yourself and send messages to yourself that you can’t do this, or you will never be able to do this, you won’t be successful. If you carry this attitude with you, then no, you won’t be successful. Change your thinking! Change is not always easy, but once you change your thinking from negative to positive, your doubts begin to go away and you begin to manifest the positive. Don’t doubt yourself!

 10.   Take massive action

When there is something I want or something I want to do, I always take massive action. I want to be the best I can be in everything I do. Therefore, I have a can-do attitude and put my best foot forward all the time. Now is your time for taking Massive Action.

 11.   Learn one thing and become an expert

When I started I wanted to specialize in one area and become an expert.  I think that is a good reason why I am so successful.  I dominated the short sale market in my area because I became the short sale specialist.  My exit strategy was wholesaling at the time.  After I became an expert in wholesaling I moved up to fix and flips and now I am doing rentals.

12.   Build Systems and a Team

My whole business is focused on a “Done for You” system and my team in place does all the moving parts for me.  My job is to oversee the system and make sure it moves along with no hiccups.

[i]  ezinearticles.com/?Universal-Law-Series—the-Law-of-Belief&id=70997

[ii]  applying-the-law-of-attraction.com/