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Updated about 6 years ago on . Most recent reply

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Rob Hakes
  • Murray, UT
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157
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Your Top 3? What has helped you ACTUALLY move the needle?

Rob Hakes
  • Murray, UT
Posted

Hey all, I am sure there have been similar posts, but I thought this would be a fun one to get some fresh insights.  As a relatively new investor ( 2years ) I am looking for anybody that has had any amount of success in RE investing to share the top 3 things that have measurably contributed to your financial success in RE.  I am thinking of things (situations, principles, actions) that have ACTUALLY moved the needle for you now that you look back with hind sight.  Things that if you did not have, it never would have worked.

After much thought, mine are different than what I thought they would be.  They are:

1 Appreciation. Especially on my personal home (hello cash-out and heloc)(this is ironic, seeing that i don't really invest for appreciation)

2 My punch the clock W-2 job.  As much as i hate to admit it, this has been a big factor in being able to get funding and fund my everyday needs so i can keep my RE earnings buying more RE

3 Good Teams.  Of the few investments that I have, they almost completely rely on a good team to make it happen.  I couldn't do most of it myself (PM's, Brokers, Banks)

What are your top 3?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,668
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43,113
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

appreciation,  forced appreciation, and then sprinkle on more appreciation.. 

great teams of course 

find great markets ahead of the herd

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JLH Capital Partners

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