If you ask someone “what makes a real estate investor successful?” you’ll likely get a lot of different answers.
The truth is, a lot of different traits make the recipe for success. Honesty is important. Integrity—that’s a good one. Tenacity, nice. There’s old-fashioned intelligence. A natural knack with money.
But what common thread weaves through every successful real estate investor?
Surely there’s one thing that brings it all home. One thing that ties it all together...
A real estate investor without ambition doesn’t go anywhere. They never reach the levels of success they should—and never become all that they can be.
So you have ambition. But you don’t feel successful. Or maybe you think ambition isn’t all there is (and it’s true. Bad investors can still be ambitious). That’s why we’re here to tell you how to bring your ambitions to life the right way. Pure ambition will only get you so far—it has to feed and inform other virtues!
4 Ways Ambition Shapes Successful Real Estate Investors
Ambition for Renown
Just about everyone wants to leave a legacy. We want to be known and remembered for something. And whether we know it or not, our actions every day are shaping that legacy. For real estate investors with ambition, they know the value in a good reputation. The legacy they leave isn’t just about earning a lot of money. It’s about treating people fairly, offering great services, and doing good for their communities.
It means being the person who leaves good tips at restaurants, and the one who’s known for smiling and sending cards. It means phone calls and remembering names and talking to people who might not help their careers advance. It’s about caring about the whole of their career: not just the money.
They want to be known—not just for their wealth, but for their generosity and how well they treat the people around them. They have the ambition to build a reputation on something that lasts.
Ambition for Excellence
Real estate investors with ambition aren’t just about earning a dollar. They’re about being the best in everything that they do. They know the value in treating people well, keeping the best properties, improving their strategies, and constantly learning how to do what they do better. They’re always upping their game and looking for ways to one-up themselves: because they’ve learned that excellence counts.
Excellence is about the constant desire to be better than when you started. It’s about reading, mentoring, growing, taking risks, accepting new challenges, and striving to be all you can be. Successful real estate investors don’t settle for the comfortable and the easy. They tackle new adventures.
Ambition for Quality
Ambitious investors know that quality comes first. It is present at every step of the process. From their search for new investment properties, to their trusted property management teams, to the customer service that they offer to their tenants. Quality is always at the forefront of their minds. Because they know that a job done right is what will serve their investments—and their future—best.
Quality is ensuring that your tenants are well-taken care of, that properties are well-kept, inspected, and maintained. It means treating partners fairly in your business dealings. It means putting people first—recognizing that you are not the most important person in the universe.
Successful real estate investors don’t let their egos get the best of them. They know that other people matter: and their ambitions help, rather than hurt, those around them.
Ambition for Success
Ambitious investors want to succeed. Seems like a simple, obvious statement, doesn’t it? Don’t all investors want to succeed? They do, true. But ambitious investors set themselves apart because they allow their ambition to carry them through adversity. They don’t let fear stop them. They know that risk is necessary. They gladly face challenges, and pick themselves up from failures.
The recipe for success is found in the ability to overcome obstacles: to rise above with integrity.
The question is this: are you that kind of real estate investor?
If you’re looking for a partner vested in your success, Memphis Invest is here for you.
Turnkey properties in Houston, Dallas, and Memphis are waiting. All you have to do is pull the trigger on success.