It’s easy to get caught up in the busy pace of today’s world, isn’t it? Family obligations, work requirements and doing errands fill your life. How do you do all that and develop real estate investing habits that will make your investment dreams come true?
Plan your time
You know the answer, of course. You plan ahead of time. It doesn’t have to be much time, just thirty minutes a day ought to do it. Remember, slow and steady wins the race and is the surest way of developing lifelong real estate investing habits.
Be disciplined. Procrastination will not make you wealthy.
Thirty minutes everyday at the same time practicing real estate investing skills will become a habit. Shut the door and take the time to invest in your future. Turn the volume off on your phone and know that emails can wait.
If you spend thirty minutes each day devoted to learning and growing your real estate business momentum will take hold.
Practice the investing habits and skills you need to master
Being a successful real estate investor involves many skills. Break down what you need to know and practice those skills. For example, organize your daily thirty minutes with a different skill set each day of the week.
- Monday – Research real estate markets, follow market news and trends
- Tuesday – Network through face to face contact, social media or email
- Wednesday – Source deals online and through contacts
- Thursday – Practice deal analysis
- Friday – Build an investment library
Keep yourself accountable
Choose your company wisely. Stop and think about who you want to become. Don’t settle. Surround yourself with people who share the same goals and interests you aspire to.
Join your local REIA (Real Estate Investment Association), real estate investing club or apartment association. Spend time with people who encourage your dreams and ambitions. They are out there; go find them.
Good real estate investing habits begin with goals
Before you reach your goals you have to have goals. Write them down. Make them SMART goals. Your goals should be specific, measurable, attainable, risky and have a time limit.
Be old fashioned – get out a piece of paper and a pen. Literally write your goals down. You might have rewrite them a few times, that’s a normal part of the process.
Once you are happy with the goals tape them up where you can see them everyday. Yes, everyday. They will remind you to spend thirty minutes a day, everyday, on your real estate business.
Find a mentor
Athletes have coaches and you should have a mentor as well. Real estate is not a game and mistakes can cost money, serious money. Mentors are like lighthouses, shining a light on unseen rocks and potential hazards.
More than practical, mentors can talk you through all of the fears and insecurities you might encounter. They can guide and teach you terrific real estate investing habits and skills. Sometimes we need someone who has been there to navigate the pep talk and the tough love.
Find someone who resonates with you and send them an email about a potential mentorship. You have everything to gain!
Where to start?
Start with the resources at your finger tips and go from there. My Fast Track Program is free and loaded with solid, actionable information.
Related Articles
How to Carve Out Time for Your Real Estate Investment Business
6 Habits of Successful Real Estate Investors
Money Rules For Real Estate Investing
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