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Updated about 9 years ago, 10/26/2015
Successful
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?
@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
I would say d however I know it take hard work to get to that point.
I think as long as your working towards your real estate goals and creating a prosperous path along the way that is successful...
- Rental Property Investor
- East Wenatchee, WA
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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!
Good Afternoon Investors, Thank You All for sharing!