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Updated over 18 years ago, 03/20/2006
Basic Stuff
When it comes to the investor psychology...ya gotta be in it to win it!
I once read that it's also not wise to take financial advice from someone who makes less than you do, though, I tend to sometimes disagree. In my years dablying with real estate, I have learned valuable lessons from the actions, or words, done or spoken, by some very broke individuals.
You have to choose to either really love the business....breath it, eat it, drink, and sleep it. Do honest business. Give superior service. Only work on transactions whereby you believe that all participants are profitted. And find out after 9 or 10 years that your making a great income with plenty of referral business and doing quite well.
Or, you could really hate it, see it only as a means to and end, work only minimal hours, cut corners, run from the phone, don't respond to inquiries immediately, treat clients like bags of groceries. An still probably do well and make good money.
There's numerous hidden markets in the real estate industry that allows opportunity for all personality types.