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Updated about 2 years ago,
Randall Re IIPoster
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3 traits that help with real estate investing
- Financial literacy and knowledge: To be a successful real estate investor, it's important to have a good understanding of financial concepts such as cash flow, return on investment, and risk assessment. This will help you make informed decisions about which properties to invest in and how to manage your investments.
- Persistence and patience: Real estate investing can take time, and it's important to be patient and persistent in the face of challenges. This may mean continuing to search for the right investment opportunities, negotiating with sellers or landlords, or working through any issues that arise with a property.
- Strong communication and negotiation skills: As a real estate investor, you'll need to be able to communicate effectively with a wide range of people, including sellers, landlords, tenants, and contractors. You'll also need to be able to negotiate terms that are favorable to you and your investments. Strong communication and negotiation skills will help you build relationships and get the best deals possible.