A lot of real estate investors are working full time jobs and find it tough to balance work, investing and their personal life. Investors who face this challenge usually end up falling into two categories:
Speculative Investors – These people are gamblers or rely blind faith and are hoping and guessing they are making good investing decisions.
OR
Strategic Investors – Smart Investors who make sure they have
enough information to reduce their risk when making decisions about what city and what property to invest in.
So how do you figure out which one you are?
Try answering the following seven questions to find out:
Do you check the crime rates, vacancy rates and unemployment rates for an area before you even start looking for properties to
purchase?
Do you complete full due diligence on a property before you purchase a specific property?
Are you really confident that you are making sound investing decisions that will be profitable?
Do you have a clear investing strategy and have taken the time to receive education to confidently know how to do that strategy effectively?
Do you check on the market health of that location every six months or at least once a year to know if your investing strategy is still right for that market? Example: Vacancy rates and unemployment are increasing so maybe this is a good time to sell the property and move to a different market.
Do you network with other investors to help each other make sure you are encouraging each other you take all the critical steps to make sound and profitable investing decisions?
Do you feel you are able to set aside the right amount of time to do a great job of following up and implementing your real estate investing strategy - or you are outsourcing to virtual assistants the tasks you don’t have time to do to others – so you feel confident you are making awesome investing decisions?
If you answered yes to most or all of these – then Congratulations are a Strategic investor!
If you aren’t happy with the number of NO’s you answered– then take a second look at the questions and figure out what steps you should be taking to become one – and get started today!
You owe it to yourself to make sure you are making smart profitable decisions – leave the gambling for the racetracks or Las Vegas.
Lazy Hammock Investments LLC,
Work Less... Invest Smarter
www.lazyhammockinvestments.com
www.realestateinvestingwithvirtualassistants.com
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