Shawn Boday describes 4 essential questions that you need to ask yourself before switching into a career of real estate investing.

1. 4 QUESTIONS TO ASK YOURSELF
BEFORE YOU START A CAREER IN REAL
ESTATE INVESTING
SHAWN BODAY

2. INVESTING IN THE REAL ESTATE INDUSTRY IS ONE OF
THE LUCRATIVE OPTIONS AVAILABLE IN OUR TIME.
Before making a move to actualize your ambitions, due diligence should be
exercised, especially since the sector can be quite volatile and risky. Here's
an outline of 4 important questions that you should ask yourself before
delving further with your ambitions in real estate investments.

3. 1. WHY DO YOU WANT
TO INVEST THERE?
The first question revolves questioning
the actual ambition that drives you to
think of investing in the real estate
industry. It is meant to get you back to
the drawing board and evaluate the
precise reasons as to why investing in
the real estate industry may be
beneficial to you. As a beginner, you
may need to focus more on the various
benefits of investing in the real estate
industry. Comprehensively
understanding your purpose for the
investment gets you moving on the right
track.

4. 2. HOW FINANCIALLY
STABLE ARE YOU?
This question revolves around the broad
concept of how to finance your real
estate ambitions to ensure that you
meet the goals you have set. You may
need to look at your credit score and
whether it qualifies you to obtain
financing for your real estate projects
or not. In case you have decided to
pursue alternative financing options,
such as partnerships, self-financing, and
equity financing, you will need to
exercise due diligence before investing
in real estate.

5. 3. HOW MUCH OF
RISK CAN YOU TAKE?
The real estate industry is a risky
business. Before taking a step further,
you should understand the various risks
in the real estate industry and whether
you are willing and capable of taking
them without jeopardizing your capital.
Your risk tolerance levels will advise you
on the kind of properties to invest in.

6. 4. ARE YOU SELF-
MOTIVATED ENOUGH?
Profits in the real estate industry may
be hard to come by, just like in any
other business startup. You may,
therefore, find yourself going for
months without having made a single
sale. Determination during such a tough
time is crucial as it keeps you going.
Being self-motivated is, therefore, a
crucial quality that you should endeavor
to propagate in your career as a real
estate investor.