Your Journey to Becoming a Savvy Real Estate Investor

In our previous article, we saw how being a savvy real estate investor involves more than just “making the sale” or “flipping a property.” 

Last time, we saw how you’ll need to meet challenges head on, but also take time to replenish your energy. We also saw how you’ll always be assessing and reviewing. At the same time, you become that source of authority for friends, family, clients, and acquaintances. It’s incredible to always have people coming to you for real estate advice!

But today, we’re going to look at a few more hallmarks of being a savvy real estate investor!

You’re keyed into the national and international real estate markets

One of the biggest breakthroughs of real estate investing is refining your model so that it applies to more than one region. In fact, today, I recommend that you key yourself into your local, regional, national and even the international markets. This is because, in today’s world, events on every continent can have profound long-term effects for your own.

You also review data from multiple financial industries

But we’re not just talking about real estate when it comes to investing markets. In your real estate career, you might have started to get interested in the history of interest rates, for example. And this is a great place to start. But there’s also a host of other financial industries that affect real estate, from gas prices to currency exchanges. Each piece comes together to give you a fuller picture of what’s possible for the future.

You re-channel your missteps into more success

When I coach new agents for investing, I tell them about my missteps. After all, don’t most people try to play up their successes and downplay their mistakes?  And part of that picture is learning from your missteps and channeling them back into recognizing what works… and what doesn’t. 

You get to be rewarded by coaching other Realtors

One of the best parts about being a real estate investor is to join a coaching program. My journey started decades ago, and I’ve been incredibly blessed. And today, it brings me incredible excitement to see a fellow Realtor start that journey themselves… and to be part of their story!

Ready to start your journey to becoming a savvy real estate investor - Go for it! 

Terry Records