There are eight skills all developers and investors should have if they want to be successful investing in real estate.
Real estate investing is a subject I get asked about all the time, and whether you’re an investor or a developer, there are eight essential skills you must master if you want to have success.
These eight skills are outlined and explained by the Forbes Real Estate Council in a Forbes Magazine article you can read here, but here’s a quick rundown of them:
1. Analytical skills.
2. Market knowledge/Management skills.
3. Seeing what others can’t.
4. Understanding value drivers.
5. Pricing analysis.
6. Knowledge of all relevant numbers.
7. Knowing the market.
Here at RealTour Property Group, we have your back in all of these areas. We always recommend starting with the end in mind, knowing your vision, and knowing your “why.” We offer a free, one-on-one consultation where we hone in on what works, what doesn’t work, and what’s important to you.
We also offer a dream worksheet you can download here that will run a scenario on a property you’ve had your eye on and help you determine whether it makes sense to pursue.
If you have questions about how we can help you align with your vision or there’s anything else we can assist you with, don’t hesitate to give us a call. Our team of agents look forward to helping you with all of your real estate goals.