The Essential Life Cycle of a Real Estate Investor
“Long ago, I realized that success leaves clues, and that people who produce outstanding results do specific things to create those results. I believed that if I precisely duplicated the actions of others, I could reproduce the same quality of results that they had.” –Tony Robbins
Re-read that if you need to. It’s pretty profound really.
And after 16+ years in the real estate game and personally knowing hundreds of investors now, I can attest that it’s just as true for real estate investors as anyone else….
Success leaves clues.
What’s more–and most people don’t realize this–but there’s actually a surprisingly specific path that pretty much everyone who makes it big in this game ends up walking–kind of an ‘essential life cycle’ for successful real estate investors.
So naturally it stands to reason that you’d get a serious leg up if you (i) could know what this real estate investor ‘life cycle’ really looks like, and (ii) could see precisely where you are in this cycle, and be aware of the dynamics of what’s coming ahead.
Think of it this way:
You know how, when you walk into a new mall you’ve never shopped in before, you have basically two options to get where you’re going (which is of course Auntie Anne’s Pretzels, cause admit it you know you want one):
Option 1: Wander around until you eventually stumble upon it.
Option 2: Use the mall map.
I mean for me, it’s a no-brainer–I’ll find my way a heckuvalot faster by first perusing the mallscape, observing where my stores-of-choice are located, and of course, orienting myself from this little guy…
So you go right ahead and meander around until you find what you’re looking for if you want to, but by that time I’ll have already scored the best pretzel. (That’ll learn ya.)
A ‘mall map’ for real estate investors…
I turn your attention to a recent webcast in which we (Patrick & JP) dove into precisely this: The Essential Life Cycle of a Real Estate Investor.
The big idea here centers mostly around understanding the 5 major milestones every successful real estate investor must hit at some point, and how a sooner-than-later grasp of them can flat-out accelerate your success. Plus we also get all up into some other fun stuff like:
The flaws of the “tool-belt” approach to investing,
Being a specialist vs generalists
Doing REI as a business vs. a hobby
Working in vs. on your business
Breaking the solopreneur barrier (and why you really must)
Operating at your highest point of contribution
The 2 leading linchpins (of awesome success or epic failure)
Biggest, most common obstacles that sabotage investors
If any of this stirs your interest, then feast your mind on the video below. We dove in headfirst, then opened up for a solid, anything goes Q&A in the second half (we love doing that). I think you’ll find it enlightening…
This is a full webinar, so it’s a tad… beefy. If you’re short on time or attention span, try using the lower-right “gear” shaped icon to speed up the video and watch it faster. Or alternately, you could slow it down and make us sound like we’ve had a few too many–whatever floats your boat I guess.
We’d love to hear them–please share below.
Oh, and PS: This was part 2 of a 3-part series we did. We’ll post part 3 soon, but if you missed out on our Part 1 webcast on Finding Your Investing ‘Why’, it’s definitely worth checking out too.