In our previous article, we saw how being a savvy real estate investor involves more than just “making the sale” or “flipping a property.” After a multi-million-dollar career in real estate investing, I’ve learned that there’s so much more to it than that. And in reality, it’s far, far more rewarding as well.
Last time, we saw how you’ll need to meet challenges head-on, but also take time to replenish your energy. We also saw how you’ll always be assessing and reviewing. At the same time, you become that source of authority for friends, family, clients, and acquaintances. It’s incredible to always have people coming to you for real estate advice!
But today, we’re going to look at a few more hallmarks of being a savvy real estate investor!
You’re keyed into the national and international real estate markets
Probably one of the biggest breakthroughs in my real estate investing career was refining my model to apply to more than one region. In fact, today, I recommend that each of my coaching clients key themselves into their local, regional, national and even the international markets. This is because, in today’s world, events on every continent can have profound long-term effects on your own.
You also review data from multiple financial industries
But we’re not just talking about real estate when it comes to investing markets. In your real estate career, you might have started to get interested in the history of interest rates, for example. And this is a great place to start. But there’s also a host of other financial industries that affect real estate, from gas prices to currency exchanges. Each piece comes together to give you a fuller picture of what’s possible for the future.
You re-channel your missteps into more success
You might be surprised to find out how, when I coach new agents for investing, I tell them about my missteps. After all, don’t most people try to play up their successes and downplay their mistakes? Well, as a real estate coach, I’m not everyone else. As you’ll see in my upcoming book on real estate investing, I want you to attain the financial freedom I did… but on a much faster timeline. And part of that picture is learning from your missteps and channeling them back into recognizing what works… and what doesn’t. This openness helps me coach you to even greater success.
You get to be rewarded by coaching other Realtors
Of course, one of the best parts about being a savvy real estate investor is my coaching program. My journey to financial freedom started decades ago, and I’ve been incredibly blessed. And today, it brings me incredible excitement to see a fellow Realtor start that journey themselves… and to be part of their story!
Ready to start your journey to becoming a savvy real estate investor? My upcoming investing books will give you a great deal of the process and steps that I used to make millions. Can’t wait? Shoot me an email and let’s talk!
Terry Records
Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service