Tell me your #1 personal skill that has made you successful

Austin, TX · Member since 2015 · 3 posts · 2 votes

As a newcomer, there's obviously a lot to learn and many skills to master. But I'm assessing my own skill set to help determine if I have any skills that would give me an advantage. Maybe identifying what I'm good at could help drive the areas of investing that I will ultimately pursue.

What skill or characteristic do you have that you can attribute much of your success to? Maybe you're a great sales person, or great at networking, creative problem solver, etc.

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Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

Answer the phone. NO TEXT return emails same day

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Thomas S.
Member since 2016 · 13k+ posts · 12k+ votes
9y
20 years as a labour/corporate negotiator. Negotiating skills go hand in hand with real estate investing from buying all the way to tenant management.
I do not believe there is any other skill that is as all encompassing. It allows you to read people and effectively manipulate both people and situations quickly to achieve end goals. It also enables you to make immediate decisions on when to cut your losses.
If you are skilled in the art of negotiations you should also have achieved the ability of not being encumbered by the human frailty of emotions. Making decisions without emotions is a common trait of the vast majority of the most successful business people.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
9y
Answer the phone. NO TEXT return emails same day
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
5 Reply
Daryl Anderson
Contractor · Cleveland, OH · Member since 2016 · 116 posts · 50 votes
9y
Networking. Relationships bring you greAt deals. Relationships keep deals from falling apart when something goes on. The right relationships will open doors for you!
3 Reply
Victoria Powers
OP
Austin, TX · Member since 2015 · 3 posts · 2 votes
9y
@Thomas S. Negotiating is definitely an area I need to work on. Its not a skill that I've necessarily needed or used much in my professional background. But I could see how important it would be in REI.
@Daryl Anderson How are some of the ways you network? Do you attend meet ups, BP forums, etc?
0 Reply
Mike W.
Hattiesburg, MS · Member since 2015 · 26 posts · 17 votes
9y
My skill is absolutely maintenance, it is where I see value and add value in my units. I have been managing maintenance personnel for many years and it has benefited me greatly because I am able to determine on the first job if i am going to call someone back to work for me again.
2 Reply
Cody L.
Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
9y
Sales. For sure. That's what I did (with a good amount of success) in my previous life.
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Brandon McLean
Investor · Knightdale, NC · Member since 2014 · 122 posts · 74 votes
9y
"Seeing opportunities others do not see"
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Jennifer Slaughter
Real Estate Agent · Fort Collins, CO · Member since 2016 · 246 posts · 142 votes
9y
Great question. Be teachable and build relationships--both take time and humility (which isn't always fun) but I think those skills are so important in every aspect of life.
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Fred Garza
Investor · Buda, TX · Member since 2012 · 14 posts · 1 vote
9y
I learned by working for experienced investors. To an outsider, jumping into a flip or fixer for rental seems like a no-brainer...until reality sets in (electrical, plumbing, foundation, code-compliance issues, etc). There's nothing better than hands-on training. You cannot get this in a forum. I can show you how.
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