I've done one Mortgage Note deal, One single family home deal, and I'm closing on a duplex hopefully by the end of this month. When can I call myself a serious real estate investor? I'm sorry if this sounds prideful, I'm just curious and I don't want to be arrogant when I haven't done per say a lot of deals. Although I'm thinking regardless of how many deals I've done I still feel cocky and brass for even asking this question. I still definitely would catorgize me as being a newbie investor, but I'm curious how many deals does it take to be considered an average, or even an advanced investor? Is there such a scale, should we even measure our knowledge or seriousness by the number of deals we've done? How do you measure success? Is it subjective or should it be objective? #askbp
When you don't have the need to ask.
I'd say that once you own an investment property you're a real estate investor. I don't really think there's "average" or "advanced" categories, and it's not necessarily the number of deals.
I don't think it's helpful to compare yourself to other people. Set your own goals and be satisfied when you reach them. There are many people who I'd consider wealthy that are still unhappily looking over at their neighbor.
You can call yourself "serious" when you GET SERIOUS. Once you decide that real estate is what you are going to do, you are a SERIOUS INVESTOR!!!
To paraphrase: "A billion here, a billion there, pretty soon, you're talking becoming a serious real estate investor"...
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