What you need to be a successful investor

[Marcella Hoard]

Good afternoon!

I would like to share an article outlining how to become a successful real estate investor. The article was published by The Washington Post and it highlights three important investor qualities which I summarized as thick skin, strong stomach, and knowledge. 

1.Thick Skin: Beginning a real estate investing career will come with some stress and challenges that include securing reputable general contractors. It's important to do thorough research and lean on those who are more knowledgeable in the field. 

2.Strong Stomach: Many individuals who jump into investing end up sinking before they can learn to swim. Getting bad deals is an inevitable part of building your stamina as an investor. This is a field that requires long term vision. If you stick with it, financial losses can almost always be recovered over time.

3.Knowledge: There are several key things a real estate investor must know in order to attain successful investments over time. These include how to identify a good deal, real estate finance, marketing, valuation and private financing. The key is to educate yourself.

What you need to be a successful real estate investor - The Washington Post