3 Great Habits of Successful Reis

3 Great Habits of Successful REIs

Published On: May 11th, 2016Last Updated: May 11th, 2016Categories: Investment, REIs

Successful real estate investors know that there’s always more to learn and that there are specific windows of opportunity available—but there’s more to it than that.

Successful real estate investors have habits that help them succeed.

So what are they?

3 Great Habits of Successful REIs

Successful REIs have a number of great habits, but every person is different. If you’re on your way to becoming a successful real estate investor, you’ll develop your own routines and habits.

However, research has shown that there are three things nearly all successful professionals do.

Successful REI Habit #1: Get Up Early

Successful REIs know how to seize the day—and they do so by starting by 7 a.m. (Most actually get up by 6 a.m., but what’s an hour between real estate investors?)

There’s some truth to the old phrase, “The early bird gets the worm.”

Successful REI Habit #2: Set Goals

Many real estate investors are goal-oriented. In fact, you have to be to be successful—because the houses you buy aren’t going to fix or sell themselves.

To set goals effectively, most experts suggest:

  • Surveying your needs to find out what you want, don’t want, and don’t care about
  • Writing down your goals, including how to accomplish them
  • Revisit your written list of goals
  • Organizing, planning and prioritizing your goals, which you can do by breaking them down into days, weeks, months and years—and having short-term and long-term objectives in place

Successful REI Habit #3: Network, Network, Network

Building an extensive network of contacts is absolutely critical to your success. Your network shouldn’t be limited to other REIs, although it should include them.

Some of the key people you’ll need to know include:

  • Real estate agents
  • Contractors
  • Lenders

Do You Need a Hard Money Loan in Atlanta?

If you’re looking for a hard money loan in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.

Read our frequently asked questions and take a few minutes to learn about the hard money loan process.