Leverage Your Time

 The essence of being a successful investor...

Every successful person regardless of their field of competency ( athletics, academia, business, politics, etc.) has one common underlining characteristic: focus.  They all have the ability to focus on what is important and block out other distractions. As a successful investor, you will need to master the skill of focusing on the core essentials of what will make you a successful investor and leveraging you time to focus on becoming a master at it.  The  essence of  becoming a successful investor can be summed up into a simple acronym: CTN  

Criteria: What's your type

Criteria describes what type of properties  that you like to buy. They're  the standards that define what you look for. The M.O. of your purchasing behavior.

Here are some criteria that will allow you to make your type:

• Square footage
• Amenities
• Neighborhood
• Construction
• Residential vs Commercial
• Single-family vs. Multi-family
• Market ( high-end, mid, low-end)
• The time frame in which you would like for your investment to be completely paid off.

Terms: How you buy it

Terms are a crucial component to turning a good deal into a phenomenal deal. The terms determine the value of the deal  for you in the present and the future.  Terms are the negotiable aspects of a purchase.

They include things like:

• Offer price
• Down payment
•  Interest rate to conveyance
• Occupancy
•  Closing costs

Negotiate the terms so that the deal makes sense for you now and in the future. The elite investors of the world, Donald Trump, Warren Buffet, etc. never leave a deal with the short end of the negotiations. These are shrewd men who understand the mechanics of  a deal and how to alter an agreement so that it becomes  profitable for them in the short-run and or the long-run.

"You buy right and let the market go to work for you as opposed to buying less than right and hoping that the market will save you." -  Gary Keller 

Network: Who helps you

This is another important component, build yourself a network of competent individuals that can help you invest. Having the right network will allow you to leverage your time and find more phenomenal deals.

The members of your network should consist of:

• Contractors
• Closing Attorney
• Property manager
• Real estate agent
• Lenders
• Insurance agent

Hopefully this gives you the frame work you need to start becoming  a successful investor.