Self-management Financial independence Creative freedom Work from anywhere, any time More time Passionate about real estate Habit #1 Invest in Real Estate for the Right Reasons What are your reasons for investing in Real Estate?
Invest in Real Estate for the Right Reasons Habit #1 Passion helps us achieve our goals and make our dreams a reality Think big Takes us from good to great Enjoy the process of getting there Develop habits to follow your investing plan Commit yourself to at least 2 years and do not quit
If you hear a voice within you say
‘ you cannot paint,’
then by all means paint,
and that voice will be silenced.
Vincent Van Gogh Famous Dutch Painter
Complete an Investor’s Business Plan What does it mean to treat investing like a business? Realistic investing goals – what? Investing tactics or strategies – how? Reasons for your business – why? Milestones and time targets – by when? Business Plan-blueprint for success Habit #2
Commit to your Education with an Investing Coach Habit #3 Have you ever benefited because you took a course or graduated from a program? Have you ever had a mentor or coach? How do successful performers structure their learning in any field of endeavour?
“ Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.”
Mark Twain American Author, Humorist
Experienced, specialist real estate lawyer
Contractor – includes: electrician, plumber, and roofer
Mentors - Successful investors with proven track record
Accountant who understands real estate
Seasoned but not jaded real estate agent
Build a Team Choose the Following Members of Your Investment Team Habit #4
Understand Cycles and Be Patient Recognize where you are in the investment cycle “ Be a contrarian – be fearful when others are greedy, and be greedy when others are fearful” Warren Buffet Habit #5
One of the most common causes of failure is the habit of quitting when one is facing defeat.
Next time, think of the adage:
“ I’ve lost the battle but I haven’t lost the war!”
Choose a Niche and Define your Goals Habit #6 Do you plan to invest full time or part time? 1 What type of real estate do you want to invest in? 2 What specific goals do you have around amounts invested and yearly returns? 3 What investing strategy will you employ? 4
Use Other People’s Money
Raise money before you need it
Learn to live with debt Choose other types of money you want to use to invest: Bank, mortgage trust company, friends and family, other investors Habit #7 z
“ Seldom does an individual exceed his own expectations”
Success starts from within… Believe you are worthy of real estate investing success!
Make a Good Deal Stay focused on your goal but remain flexible Don’t fall in love with a property or appear desperate Do all due diligence Work out the numbers and line up your financing 3 2 1 Habit #8 Don’t take negotiating personally Accept responsibility for making deals happen 4
Measure your Performance Measure yourself against industry benchmarks Keeping score builds motivation to improve Elite investors study and practice to improve Keep Score to improve Take an inventory of your investing business annually Habit #9
Success Quote And the day came when the risk it took to remain tight inside the bud was more painful than the risk it took to blossom. Anais Nin French-born Author
Add Balance to your Life and Celebrate Progress Strive to achieve a work-life balance Investing is a journey of self discovery Learn entrepreneurial skills and habits to improve investing results Habit #10
Learn the Secrets of Successful Investors Exercise Answer the question Partner Share What are 3 habits you would like to work on? Commit to work on one of those habits over the next month Learn the Secrets of Successful Investors
Success Quote "Wherever you are, make sure you’re there." "I try to learn from the past, but I plan for the future by focusing exclusively on the present. That's where the fun is.” Donald Trump Dan Sullivan, Strategic Coach Founder The first rule of focus is this:
Getting Started on Your Investing Journey There are certain skills and habits that successful real estate investors have Learning them will help you save time and effort, make more money, and achieve your full potential as a real estate investor Phone Malcolm Silver at 416 488 3393 or send an email to email@example.com