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Updated over 9 years ago on . Most recent reply
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Hep!!!
I'm new to the business what will be my first step to be a great investor
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Welcome to BP. This is a great resource to learn and get guidance. I would say your first step is asking the right questions. There are thousands of ways to invest through real estate and your question is way to general. Where would someone even start in answering it? They would ask you questions on what you are looking to invest in, how, why and your available resources. I peeked at your profile. First, I would say that while your daughter is good motivation, you do need to do it for yourself. Working 16 hours a day, 7 days a week, year in and year out is not possible unless your heart is in it. Secondly, hard work is great, but digging holes today and filling them in tomorrow will not get you far. Your hard work needs to have our purpose behind it.
So with that my best advice would be to starting looking at your goals. Figure out your why. What makes you tick, what can you do day in and day out, sacrificing sleep, entertainment and food. Analyse your resources. What are you good at, what can you learn, develop a plan to continually improve and grow. As you assess your current resources, develop a plan to make the best use of them. Make every Dollar work it's tail off for you, know where every penny goes and why. Make every minute work it's tail off for you and plan where you will spend them in advance.
By and large, doing the tasks of being a great investor is pretty simple. It is the knowledge to know what to do and why that is key. Start studying and developing plans and goals and you will have better questions which will give valuable insight on how to grow from today.