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Updated over 11 years ago on . Most recent reply
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What Are The Most Valuable & Important Activities Of A Successful Investor?
I think any experienced investor can agree - there is a seemingly infinite number of things that can distract us from making money in real estate. The kicker is - these things almost always seem to be parading around as "valuable activities" (when they're actually the complete opposite).
For example:
- Building up a following on Facebook or Twitter
- Spending thousands of dollars on a company logo, business card, letter head & a pretty website
- Buying books and courses on how to improve your business
- Spending hours at networking events that don't lead to any tangible results, etc.
These things may have value on some level - but there isn't a direct correlation to the money we make. These things may belong somewhere on our "To Do" list, but not at the top.
At the end of the day, I think there is actually a pretty short list of things that we NEED to be spending our time on (aka - these are the things that actually make money).
Given this, I thought I'd post this question to the BP crowd:
If you only had 5 hours per week to work on your real estate business - what would you say are the most important task(s) that you should be spending these precious few hours doing?
Most Popular Reply
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1. making offers and locating deals.
2. Finding funding for your deals
3. building systems for your business to make you more productive and profitable.
4. Managing your team and adding/subtracting to/from it.
5. Continuing your education.