Characteristic's of a good investor (what are they)

[Quentin Mitchell]

They are a lot of reasons some people have success in real estate while other's don't have as much or any at all, what are some things you think make some investors successful?

Here are my few feel free to add more.

Flexible (this game is unpredictable so you have to be willing to adjust accordingly).

Patience (Especially in the beginning it takes time to get systems in place and people in place). 

Risk-taker (You got to be willing to take chances when opportunities present themselves).

Personality (in less you have a ton of money already, people will not enjoy working with an a**hole)

Outside the box thinker (got to be able to see things that others don't see or not willing to try)

Willing to learn (the ability to take good advice as well as seek information to advance your business)

Committed (everything isn't going to work as planned so you got to be willing to continue to try)

Know when you say no (you got to say no to bad deals and/or partnerships)

Please fill free to add or critic my list as you see fit.

[Jim K.]

Real estate, more than anything else I've done, demands that you make quick high-stakes decisions on the basis of information that is always incomplete.

You've got to be able to pull the trigger. If you're the kind of person who can't (and that's many, many people out there), no amount of learning and education is really going to help. The world is very much FILLED with those who would rather do anything than confront uncertainty.

Now I'm not saying that this means you have to dive headlong into obviously suicidal risk, screaming "YOLO" all the way. But you do have to be able to take a mostly calculated risk that you can never be fully sure of, and do it quickly when the opportunity comes up.

In another sense, this hits on another point that I constantly bring up in these forums. You have to have the mental resources to accept that you are not always going to be a winner in life. That you are going to fail, and be damaged and changed by your failure. If you can't bear to think of yourself and accept yourself as someone who isn't a magical, special rainmaker in all ways (and there are many, many people who absolutely NEED to believe this about themselves), you're simply never going to get anything done in real estate over the long haul.