Characteristics that define the most successful real estate investors

a. Being able to have a plan and to implement it
There is much more to achieving your dreams of financial independence than getting out a pen and paper. Sure, this is the way it all starts but then again bit takes a lot of courage and determination to get out there and start making your dream a reality.
b. The ability to network with fellow investors
There is no universally accepted curriculum that can claim to teach all the basics that are required in learning the ropes of investing in real estate. There is no single college that can offer the know-how required in forcefully ejecting non-paying tenants. This business is all about acquiring advice from all quotas and this is why these investors network.
c. They will know when to dispose non-performing units in their portfolio
In many respects this point is also common in other lines of business including livestock farming where the sickly and non-promising herds are culled. The successful investor will make an annual review of his portfolio and decide which of these is deflating the success that the winners are bringing in. in so doing, the investor is able to earn profits that will allow for further investments.
d. These investors understand the importance of safeguarding their assets
The shrewd investors will spare no efforts in tracking down all the loopholes that may be used to deprive them of their assets. They would want to know what lawsuits they are likely to be faced with, any eventualities that would see their assets handed over to the state, they will also want to know what avenues the creditors, the taxman, and the plaintiffs may use against them etc. All this is done in a bid to secure an asset that costs lots of hard-earned money to acquire.
e. They stick to a code of ethics
Unlike any other business, the real estate business actually deals with providing people with one of the most basic requirements of life i.e. housing/shelter. The business is also very dependent on a host of people starting with the tenants, the sellers, the contractors, the agents etc. In this business, the way you decide to treat people means a lot of things for your venture. There is no prior universal code of conduct but it will be much better to ask yourself whether it will be at all fair to take advantage of people.
f. They treat people better than how they expect to be treated themselves
These investors seem to have mastered the concept that if they are concerned about making other people’s lives better then profit and success are sure to follow.
g. They will always seek more information on the business
There are many developments that are made in the business every other time and without doubt they have implications that will spell doom if not taken care of. These successful investors know better than to brush off opportunities to get informed about the latest trends in the market.
h. Successful investors are ready to mentor
There is nothing quite as gratifying as being able to pass on the skills that were taught to you when you were just starting off on your career. Successful investors will be more than willing to show the next generation the ropes of the trade.