Why are you an Investor?

Question

As someone new to investing,  I've had a lot of questions for myself and others. So, now that I'm dealing with buyers and sellers, what's your points of communication to a winning formula.

I've always been a real big believer in relationships, and when done correctly I feel there are many advantages. But sometimes building those relationships take time. With real estate, time is of the essence. Especially when good deals are a little tough to find or can move quickly.

I'd really to get some feedback from some of you more seasoned investors. Whether your a flipper, wholesaler, or buy and hold investor. Besides the numbers, are simply looking for a deal? or is there more to the investment strategies you use and feel are more important?

Thanks,

John Thedford · Answer

I am an investor for my family's future security. I attribute most of my success from being upstanding and keeping my word. I don't play games with sellers. Also, being a cash buyer gives an advantage over those seeking financing. I like to make my offers all cash with very short inspection periods. If the inspection fails, I cancel and allow the seller to get the property back on the market quickly. I have only had to back out of a handful of deals due to condition. Avoid building a reputation as the guy who never closes.

Rex Celle · Answer

@Joe CasiasHi Joe, I’ll give you my perspective being an investor myself and the attitude required in this game. In my view, the most critical component to success is having a clear vision of where you want to be and, without any hesitation, executing on a plan to get there. It’s great to develop relationships and have good discussions with people who are knowledgeable in all areas of real estate: Law, sales, finance, development, property management, insurance, etc. But strong long lasting partnerships are built through action. So, to gain respect and credibility with your partners, “be all in” - when you see an opportunity, pick the brains of the RE experts within your network, do not overthink, and make a decision to move forward with good deals quickly and responsibly. Good luck on your journey. You’ll do great