2024 seems like it will break out of some of the downward real estate trends we’ve seen due to rising interest rates and inflation. While it’s unlikely we’ll see a break-out year for real estate, signs indicate that conditions will warm up to buyers over the next few years.

Passive investors rarely get the opportunity to gain the hands-on experience other investors have. While this can save them from the pitfalls of their inexperience, it holds them back, too. As a passive investor, experience and education aren’t about the doing. They’re about the knowing.

During different seasons and cycles of the real estate market, investors will find their priorities changing. Maybe property acquisitions must take a backseat or decrease in frequency. When your focus must shift, you may not always know what to do with yourself.

What makes a real estate investor successful? There are plenty of arguments to be made, ranging from knowledge and experience to sheer luck. So much success in the investment world, however, is directly connected to your attitude.

Every successful real estate investor is supported by the unsung heroes of the industry: financial and portfolio advisor, property managers, contractors, and turnkey professionals. Not only do far too many investors neglect the wealth of professional resources at their disposal, but they don’t always make the most of the ones they have.

While there’s no doubt that real estate is one of the best investments you can make, too many newbie investors go into it without considering the risks. They think because they own their own home or have rented in the past, they know what they’re looking for.

If you’re a go-with-the-flow real estate investor, you’ll never reach your full potential. You can be perfectly comfortable with average results, but is that really what you want to be? Average? 

Investors with entrepreneurial spirit tend to be very passionate about what they do. They get excited. They’re about the big picture, the process, the vision, the inspiration! Big ideas that are as thrilling to talk about as they are to reach for.

Let’s cut to the chase: when you want to succeed as a real estate investor, there are just some things you’ve got to do. You’ll come across lots of tips and tricks for making your rental properties work, but we’ve got the absolute essentials.

At REI Nation, our executive team frequently reads and discusses books that we feel will give us new insight, inspiration, and wisdom into what we do. One such book is Tilman Fertitta’s, Shut up and Listen!