Real estate investors have mastered 5 key skills that have made them successful.
Mining is finding really good deals. Deals that will guarantee an exceptional return on your investment of money and time.
Money means finding the funding to purchase your real estate investments. Unless you have an endless supply of money, it will be necessary to develop the skill of finding an endless supply.
Maintenance, the easiest to master, is getting an investment property ready to market. Just find a good and honest maintenance contractor, train him or her to do what you want and how you want it and you are done.
Marketing is critical to the success of real estate investing. You must learn how to rent, sell or lease option the property quickly. Learn quickly and move the property quickly. A real estate investment sitting unoccupied can and will put a dagger in your chances of success.
Managing renters is probably the most difficult skill to master. Not because it is the hardest to learn but because many investors just don't spend the time and effort necessary to learn how to manage their investment properties.
By learning and becoming really good at each of the 5 M's you will increase your chances of investing success one hundred fold.
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