3 Habits of Successful Real Estate Investors

Make a Plan

Treat it as a business purchase - Real estate investors must approach their real estate activities as a business, in order to establish and achieve short and long-term goals. Set out the key points and visualize the big picture. This helps maintain focus on the goals rather than on any minor setbacks. Real estate investing can be complicated and demanding, and a solid plan can keep investors organized and on track.

Know the Market

Effective real estate investors acquire an in-depth knowledge of their selected market(s). Keeping abreast of current trends that affect the type of property you are looking to purchase, and the type of tenants who will lease the property. Plan for the future by studying the market. This may create potential opportunities for the prepared investor.

Develop a Niche

Master a market - It is important for investors to develop a focus in order to gain the depth of knowledge essential to becoming successful. Taking the time to build this level of understanding of a specific area is integral to long-term success. Once a particular market is mastered, the investor can move on to additional areas using the same in-depth approach.

If you are considering a commercial property, then obtain advice from an independent property expert, as it is their core business. Feel free to call me on 0418 129 299 for a brief chat. E: pflynn@icpg.com.au www.icpg.com.au

M: 0418 129 299