http://www.realestateinvestorcoach.com Advice and Commentary for Real Estate Investors Mon, 08 Mar 2010 15:32:45 +0000 http://backend.userland.com/rss092 en Similar to keeping one's emotions out of the equation, minimizing personal risk also has a lot to do with how you interact with a particular client. Sure, there is an asset protection side of minimizing your personal risk but that is the subject for another day. What I'm referring to ... http://www.realestateinvestorcoach.com/how-to-minimize-personal-risk-in-real-estate-investing/1233/ Ability to Understand Exit Strategies There's an old adage that you make your money when you purchase real estate.  That said, when do you actually get paid on most transactions? Sure, it's when you sell, and that points to mastery of exit strategies, as a fundamental skill required for all real ... http://www.realestateinvestorcoach.com/exit-strategies-and-professionalism/1230/ Real estate is a people business but will ultimately always come down to the numbers. For the new investor, and especially one who doesn't think much of their math skills, this can be a daunting proposition.  I remember thinking this way a long time ago and, for every investor, overcoming ... http://www.realestateinvestorcoach.com/how-to-analyze-deal-potential/1225/ Ability to Explain Complex Processes Clearly As a real estate investor, it is imperative that you recognize and respect that your knowledge of the business makes you fairly unique. Most of your clients and many of your peers will not have the same knowledge as you and you need to be ... http://www.realestateinvestorcoach.com/skill-sets-of-the-real-estate-investor-communication-and-examination/1222/ Creativity Creativity in real estate is one of those unsung skills that can easily and effectively set you apart from your competition. Note that I'm not referring to creativity in the artistic or 'left brain vs. right brain' sense. Creativity in real estate means being willing, able, and committed to out ... http://www.realestateinvestorcoach.com/skills-of-the-real-estate-investor-creativity-and-negotiation/1218/ It's no surprise that certain skills will benefit you as an investor. That said, it does beg the question, 'What are the skills necessary to be a successful real estate investor?' You may have your own ideas on this and I have mine as well. Some of what I present ... http://www.realestateinvestorcoach.com/the-skill-sets-of-a-real-estate-investor/1214/ Flexibility A significant and important part of an investor's attitude has to include flexibility that allows the investor to work with a variety of situations they experience. Flexibility is generally an admired trait, and perhaps better stated, a lack of flexibility is often a negative. Flexibility is not just having an ... http://www.realestateinvestorcoach.com/the-attitude-of-the-real-estate-investor-continued/1210/ How important is attitude in the world of real estate investing?  It is extremely important, so important in fact, that it can make a huge difference in the overall profitability of your organization. The typical reference to attitude that you'll hear is heavily laden with emphasis on how it always needs ... http://www.realestateinvestorcoach.com/the-attitude-of-a-real-estate-investor/1207/ When my retail coffee shop business failed, I knew that I needed to pick a direction to go from there.  My choices were, (1) pursue the passion that I had acquired for real estate from my books, or (2) go find a 9 to 5.  Well, since I wasn't married, ... http://www.realestateinvestorcoach.com/story-time-%e2%80%93-%e2%80%9cmy-first-mentor-in-the-business%e2%80%9d/1202/ Personal Coaching/Mentoring One of the single most valuable pieces of education you can get as an investor is to work one-on-one with someone who is more experienced than you. Someone who has been there, done that.  This can often be arranged for a fee.  However, do not expect this to be ... http://www.realestateinvestorcoach.com/the-education-of-the-real-estate-investor-final-comments/1198/