Real Estate Investing Tips ? 2 Factors That Determine Your Success in Real Estate Investing
Article by Camille Daughma
Before you embark on your real estate investing band wagon, there are two very important things you need to be clear on. Not many real estate investors think this through clearly from the initial stages which results in rash decisions being made. This usually ends up with deviants of the desired results. To avoid becoming another statistic of unrealized investment success, read on.
There are two important factors that ultimately determine the outcome of your chosen investment. They are quite simple but inevitably the make or break of your success. They are ?your why? and ?your how?.
Your WhyIf your why is simply to make some money fast. Having a go at the lottery is your best bet. Your why should be what motivates you to keep going even when things are not going the way you would like them to. This keeps you focused and maintains the momentum needed to continue to the very end. Your why is not necessarily static and can change over time as you become more exposed and gain knowledge. It is basically a measurement of where you are now and where you would like to be. It offers a means of measuring progress and stimulating you to move forward. Not having a why holds you back.
Your HowEach persons circumstances are unique and though technical know how is acquired, through training or mentorship. How you apply it will be individual based on interpretation and personal experience. It allows you to plot out a route by looking at what is required to make your why a reality. The obstacles that need to be overcome and hence presents a realistic time frame of when you will actually achieve the desired goal. Your how is simply your why broken down into daily tasks that is implemented according to a specific criteria that is proven and effective. This makes your success achievable through step by step accomplishments short term, which builds upon little successes to achieve long term goals.
Every decision made should take into account these two fundamental factors. Without careful thought and consideration of these two simple factors can delay or deter accomplishment of the success that evade many who trod the path of real estate investing.
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About the Author
Knowing how to invest on your terms in real estate will make the process less tedious and fearless. Get started with real live investing tips.
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