The 9 Habits of Highly Effective Real Estate Investors Moorhead MN

While there is no degree one can earn to become a successful real estate investor, most successful real estate investors do share similar characteristics. Having and working a plan, building a strong network of mentors and advisors, staying on top of changes in the market, being vigilant in portfolio management and treating people well, are just some of the characteristics of successful real estate investors. See the following article from REIClub for more on this.


In my 10 years in the real estate business, I bet I've met 5,000 investors at all levels of knowledge and experience. Some have become amazingly successful, while others have lost steam or experienced dramatic failures. In this time, I've noticed that there are certain characteristics that come with real estate investing success. As a matter of fact, that I have come to believe that I can predict with fair accuracy whether a particular investor will be successful. All I have to do is find out a little about their attitudes and actions, and I'll know what their chances of becoming successful are.

Before I outline the specific characteristics that I've found in successful investors, I’d like to define what I mean by "successful investor". A successful investor is not the person who owns the most properties or does the most deals, or who has the most zeros in his net worth. A successful investor is simply a person who knows what he wants - financially, personally, and in terms of what he wants to contribute to the world - and uses real estate investing as a way to get those things. For a successful real estate investor, real estate is a means to an end, not an end unto itself. A successful real estate investor works to become as financially secure as is necessary for his peace of mind and who is happy and comfortable with his investment activities.

Successful investors I've known include high school dropouts and PhD's, men and women of all races and backgrounds, people born into poverty and people born with trust funds, guys who started investing at 19 and those who started in their 70's, part-timers and full timers. There is no single predictor of success, but there are things that I've found that all successful investor have in common. Here are a few.

Successful Investors Have a Plan - and Work It

It's simple enough to put pen to paper and figure out how to become financially independent in two or five or ten years. It's another thing altogether to wake up each morning and do the things you need to do to reach this goal. Somehow, your real life always seems to get in the way of your long-term goals. Successful investors battle this tendency to get caught "in the thick of things" by creating not just a list of goals, but a daily plan for getting there.

Successful Investors Network

Real estate investing must be the only profession in the country that has no accepted curriculum of formal training. Since your success as a real...

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