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Updated about 6 years ago,
Good To Great - Real Wealth via Re vs. Extra Cashflow etc.
Hey friends! Happy New Year!
In my pathway as a new investor, I've met many remarkable and intelligent people who I've been lucky to learn from.
What do you all think separates truly successful investors (those who become financially independent, make six figures or millions from real estate, etc.) from those who merely buy a few properties, enjoy the cash flow and sell in the long-term when they become tired of the maintenance and extra work?
Do you think it is setting up proper systems, perseverance, buying multiple properties in the same area, economies of scale, scaling to larger properties like apartment buildings or commercial buildings, etc.?
I am developing a business plan that is proactive and forward-looking in my real-estate endeavors and I want to make sure I am thinking about the right things to set myself up for real success in the future.
Open to any and all thoughts and opinions :-) Thanks for reading!