If getting
rich were easy, then everyone would be rich. I’m sure you’ve heard this
statement before. But this is especially true in real estate. In real
estate, there is a fair opportunity to get rich if you start early and
commit to becoming an intelligent investor. But becoming a successful,
intelligent real estate investor takes time, energy, education and
consistent daily action. In this latest column, we look at a few
critical questions to ask yourself before embarking on a career as a
real estate investor.
Do you have an Action mindset?
The ability to take action despite the obstacles
in your way is a key determinant of your success in real estate. You may
be dreaming of retiring early to travel the world while earning
millions of naira passively, which is fun & exciting, but the effort
required will be intense and challenging. However, if you have a bias
for action and the resolve to follow, you can be rest assured that your
success in the real estate business is secure.
Are you future-oriented and able to delay gratification?
In the early
stages of investing in real estate, a lot of investors are typically
seeking short-term gains of within a few years. The intelligent investor
should realize that by thinking long term and being able to delay
gratification, the potential return on your investment would far exceed
any other investment opportunity available.
Do you know your opportunity cost?
Now that
you’ve decided to become an intelligent real estate investor you need to
determine if you have considered the opportunity cost of your
investment? Ideally you should consider the cost of alternative
investments for your capital and the time cost involved for each option.
While the
capital opportunity cost is easy to determine, the time opportunity cost
may not be so easy to determine. To be successful in real estate in the
long term, you’ll need to create the time required to study the market
and other aspects related to your investment and become adept at
leveraging your knowledge into other deals.
In
conclusion, though real estate investing success is possible for anyone
that wants it. It usually requires some perseverance, dedication and
self-mastery. The goal of this article is to help you start thinking
about the right steps to take and inspire you to push beyond your
personal limits.
So my dear
friend why don’t you start today, your riches in real estate might be
just around the corner. You owe it to yourself and your family to grab
it and never let go!
THREE STEPS TO FOLLOW BEFORE INVESTING IN REAL ESTATE
If getting
rich were easy, then everyone would be rich. I’m sure you’ve heard this
statement before. But this is especially true in real estate. In real
estate, there is a fair opportunity to get rich if you start early and
commit to becoming an intelligent investor. But becoming a successful,
intelligent real estate investor takes time, energy, education and
consistent daily action. In this latest column, we look at a few
critical questions to ask yourself before embarking on a career as a
real estate investor.
Do you have an Action mindset?
The ability
to take action despite the obstacles in your way is a key determinant of
your success in real estate. You may be dreaming of retiring early to
travel the world while earning millions of naira passively, which is fun
& exciting, but the effort required will be intense and
challenging. However, if you have a bias for action and the resolve to
follow, you can be rest assured that your success in the real estate
business is secure.
Are you future-oriented and able to delay gratification?
In the early
stages of investing in real estate, a lot of investors are typically
seeking short-term gains of within a few years. The intelligent investor
should realize that by thinking long term and being able to delay
gratification, the potential return on your investment would far exceed
any other investment opportunity available.
Do you know your opportunity cost?
Now that
you’ve decided to become an intelligent real estate investor you need to
determine if you have considered the opportunity cost of your
investment? Ideally you should consider the cost of alternative
investments for your capital and the time cost involved for each option.
While the
capital opportunity cost is easy to determine, the time opportunity cost
may not be so easy to determine. To be successful in real estate in the
long term, you’ll need to create the time required to study the market
and other aspects related to your investment and become adept at
leveraging your knowledge into other deals.
In
conclusion, though real estate investing success is possible for anyone
that wants it. It usually requires some perseverance, dedication and
self-mastery. The goal of this article is to help you start thinking
about the right steps to take and inspire you to push beyond your
personal limits.
So my dear
friend why don’t you start today, your riches in real estate might be
just around the corner. You owe it to yourself and your family to grab
it and never let go!
by Nobilityproperties
No comments:
Post a Comment