How to Develop a Real Estate Investor Mindset

How to Develop an REI Mindset 

The key to becoming a successful real estate investor starts with your mindset!

Surprisingly, one of the biggest obstacles for new real estate investors is not lack of real estate knowledge, but rather developing the proper mindset that cultivates discipline, consistency, and focus.

Read these key tips to help get your mindset ready for REI success! 👇🏾

Find out your “why”

Your real estate investing journey starts with yourself! Why do you want to get started in real estate investing? What are you looking to accomplish?

How will real estate investing change your life?

• Will it allow you to stop hustling your time away and spend more time with your family?
• Will it give you the time and income needed for you to explore the world and travel to new places?
• Will it allow you to leave your 9-5?
• Will it allow you to pass down generational wealth to your kids?

Knowing exactly why you want to invest will allow you to focus your attention on what steps you need to take to get started.

REI Pro Tip: Manifest your investment success story into existence.

✅ SCREENSHOT THIS

✅ INSERT DATE

✅ SAVE AS SCREEN SAVER...

🧠 Think it into existence

🗣 Speak it into existence

✍🏾 Write it into existence

🏋🏿‍♀️ Work it into existence

What will investing success look like for you?

Okay, now I want you to get specific. I’m talking money. Cold hard moolah.

Real estate Investing success can be different for each person. Maybe it's a flip opportunity to earn a quick & large bag. Or maybe you want a smaller bag of guaranteed cash flow at the beginning of each month that will add up to a large bag over time.

The best thing you can do is make sure the investment strategy you chose aligns with your goals.

What Is your risk tolerance?

Are you a risk taker?

Choosing to flip vs buy and holding real estate are two different risk levels. Choose what you are willing to handle at the time. The last thing you want is to dive into the deep end and wipe out your entire savings.

Check your capacity boo

If you want to take on an ambitious renovation project, make sure that your resources are in order. DO NOT take a large-scale renovation if it will put too much strain on yourself financially or in terms of time commitment; instead opt for smaller projects like a house-hack or a traditional buy-and-hold investment first until things get going smoothly before adding another major undertaking into the mix! The best thing about starting small is the ability to gain hands-on experience that will prepare you for those large projects in the future!

I hope you found this information helpful!

Real estate investing is a vehicle to build sustainable wealth for your future and developing your REI mindset will steer you in the right direction. You are already one step ahead by using this article as a resource to get you thinking and planning your next move in real estate!

Remember: I’m here if you need me!

Want to strategize? Book REI Clarity call to get all your questions answered and guidance to help you take your real estate investing to the next level! Book here!