3 traits that help with real estate investing

[Randall Re II]

1. Financial literacy and knowledge: To be a successful real estate investor, it's important to have a good understanding of financial concepts such as cash flow, return on investment, and risk assessment. This will help you make informed decisions about which properties to invest in and how to manage your investments.
2. Persistence and patience: Real estate investing can take time, and it's important to be patient and persistent in the face of challenges. This may mean continuing to search for the right investment opportunities, negotiating with sellers or landlords, or working through any issues that arise with a property.
3. Strong communication and negotiation skills: As a real estate investor, you'll need to be able to communicate effectively with a wide range of people, including sellers, landlords, tenants, and contractors. You'll also need to be able to negotiate terms that are favorable to you and your investments. Strong communication and negotiation skills will help you build relationships and get the best deals possible.

[Chris Seveney]

Quote from @Randall Re II:

1. Financial literacy and knowledge: To be a successful real estate investor, it's important to have a good understanding of financial concepts such as cash flow, return on investment, and risk assessment. This will help you make informed decisions about which properties to invest in and how to manage your investments.
2. Persistence and patience: Real estate investing can take time, and it's important to be patient and persistent in the face of challenges. This may mean continuing to search for the right investment opportunities, negotiating with sellers or landlords, or working through any issues that arise with a property.
3. Strong communication and negotiation skills: As a real estate investor, you'll need to be able to communicate effectively with a wide range of people, including sellers, landlords, tenants, and contractors. You'll also need to be able to negotiate terms that are favorable to you and your investments. Strong communication and negotiation skills will help you build relationships and get the best deals possible.

Great comments. #2 I believe many people do not have, people are seeking the get rich quick schemes and do not realize what I put as #4

4. Understanding Risk 

There is significant risk in real estate, which many have not seen because anyone with a heartbeat could have made $ in real estate the past 5 years. That is changing now and we will start to see a lot of small cracks, such as people buying STR's in places that have no business being a STR, or people banking on low interest rates and appreciation...

If you start to early and lose a property, you are most likely setting yourself back several years, so being patient and making sure you have the funds to be in the business and understanding and being able to measure risk is imperative.