Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago, 10/26/2015

User Stats

141
Posts
14
Votes
Donald Latson
  • Newark, NJ
14
Votes |
141
Posts

Successful

Donald Latson
  • Newark, NJ
Posted

When are you really successful at real estate investing?

a)Having some sort of experience

b)A real estate network

c)Actual property taxes in your name

d)Assets which produce a positive cash flow allowing you to be free of a job

e)Consistently, taking action

f)Using real estate strategies and formulas

g)Submitting offers

h)Marketing

I)All of the above and then some

: I think all of the above and then some. What do you think?

User Stats

570
Posts
452
Votes
Eric H.
  • Real Estate Solutions Provider
  • Baltimore, MD
452
Votes |
570
Posts
Eric H.
  • Real Estate Solutions Provider
  • Baltimore, MD
Replied

@Donald Latson Success is individually defined IMO. For me, ULTIMATE success equals cash flowing $10,000 per month off of rentals. But I will be CELEBRATING ALL WINS along the way. Thus acquiring each individual property, from the 1st door through the 50th, will be a success for me. Success is based on the individual. Thanks for sharing your idea of success.

See you at the top!

Sincerely,

E. Harris

User Stats

11
Posts
1
Votes
Lear Walls
  • Developer
  • Catonsville, MD
1
Votes |
11
Posts
Lear Walls
  • Developer
  • Catonsville, MD
Replied

I would say d however I know it take hard work to get to that point.

BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

User Stats

221
Posts
30
Votes
Matthew Murphy
  • Investor
  • Rochester, WA
30
Votes |
221
Posts
Matthew Murphy
  • Investor
  • Rochester, WA
Replied

I think as long as your working towards your real estate goals and creating a prosperous path along the way that is successful...

User Stats

10,239
Posts
16,090
Votes
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,090
Votes |
10,239
Posts
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

d) when CF allows you to not have a J.O.B. stuck out most to me @Donald Latson. Need a combination off all the above to be successful, no doubt.  

As we travel along in our journey our goals tend to grow and change, so our own personal definition of what success looks like changes as well.  It's not the end-game for me anymore. I no longer say 'I will be successful when I never need to work for someone else again'.  Maybe when I set a goal like @Eric H. has of $10k/mo in cash-flow? Will that be success?  From here, it could be.  As I get closer or achieve that, will I expand it to $12k or $15k or $20k per month, celebrating wins along the way? ( Love that, Eric!)  Will I sell it all and retire to a beach somewhere?  

It is easier to set goals and visualize what 'success' looks like to you when first starting out.  As you grow content and earlier goals are in the rearview, I have found it gets fuzzier and more of a job to set and strive for new ones!   

User Stats

141
Posts
14
Votes
Donald Latson
  • Newark, NJ
14
Votes |
141
Posts
Donald Latson
  • Newark, NJ
Replied

Good Afternoon Investors, Thank You All for sharing!