Lessons Learned in 40 years as a Real Estate Investor

[Craig Horton]

This week I have been working with my Dad as an active Real Estate Investor for 40 years.  Here are five tips to succeed as a Real Estate Investor for 40 years:

1. Set written goals of what you want to achieve and review those goals at least once each week.

2. Try to have more than 50% ownership in any real estate investment so you have control in the investment.  

3.  Be wary of providing personal loan guarantees where you do not have 50% ownership

in a real estate investment.

4. Easier to manage and grow with single family homes in my opinion.  Our business owns and manages both houses and apartments but I like the houses a lot better.

5.  Remember my major motto after 40 years of investing: "Happiness is a positive cash flow!!"  Cash flow is very important as an investor in real estate