Are you lucky? Research shows that few people answer in the affirmative when presented with that basic question. Of course, even the most preliminary reflection would demonstrate that “luck” is highly subjective at best – yet when asked about “luck” everyone seems to have a clear idea of what it entails… and who it seems to bestow itself upon.
Upon closer inspection, it appears that those considered “lucky” by themselves and others actually share several important traits. Savvy real estate investors would do well to adopt these easy to implement practices in their personal and professional lives:
1. Proximity – Like the old adage “success breeds success” it seems your mother was right. The company you keep DOES matter! Learn how to put yourself in the right place at the right time with the right people by creating opportunities to learn from others, network and form strategic relationships that create ‘win-win’ opportunities for all involved.
2. Practice – You’ve heard it before but we'll say it again…practice really does make perfect. It’s one reason we bring in experts for our webinars as well as put together all the tools you need to get started. Rather than having to start from the beginning, you have the advantage of using our experience (and practice) to jump-start your own portfolio of properties.
3. Persistence – If at first you don’t succeed – try and try again… it’s actually good advice. Most “lucky” individuals are actually highly motivated and simply don’t stop. When evaluated by their number of failures, many are not extra-ordinary whatsoever. Instead, they simply persist when others stop.
4. Positive Attitude – A positive attitude is contagious; not only does it set people at ease but a “can-do” attitude is the first step in creating a healthy environment where others enjoy working with you. Whether you are a full-time real estate agent or weekend investor, real estate investing can hit a glitch now and then. Keeping a good attitude and expecting things to work out sure beats the alternative of stressing out over every little detail. Learn how to delegate responsibility, obtain the expertise you require to get the deals done and then allow yourself the time to enjoy the fruits of your labor.
5. Patience – The final characteristic shared among those “lucky” individuals is patience. When all else fails, find a way to work around the problem or wait it out. A little understanding can go a long way toward creating an effective mode of communication between buyers, sellers and lenders.
Try implementing these lucky traits to create a lifestyle you love. Join our real estate investor network and receive our popular newsletter to get started.