In this episode of Get Real Wealthy Season 2, Quentin talks about how to succeed in real estate investing.
Quentin shares some of the things that he has learned over the years and will hopefully help you to get going with your real estate investing. The most important thing before you start investing in real estate, is the mindset. Mindset is important to help you to get to the place where you want to go. There are lots of great books on this topic, such as Mindset: The New Psychology of Success by Carol Dweck. The second one is understanding where you are in the real estate cycle. All markets, all areas go through the real estate cycle. You want to know where you are and you want to have that understanding of the real estate cycle.
The third is goals. You want to have specific goals when it comes to investing in real estate. Those goals need to be numbered. It needs to be categorized in a way that relates to you. What are the most important things for you and set those goals and write them down. You can use Quentin’s book The Action Taker’s Real Estate Investing Planner to help you with goal setting. The second last strategy is to buy and hold apartment buildings. The last one is, remember that there are tactics used to implement strategies that are out there to help you to get your other goals done. Remember to be proactive, and not reactive.
Quentin D’Souza is the Chief Education Officer of the Durham Real Estate Investor Club. Author of The Action Taker's Real Estate Investing Planner, The Property Management Toolbox: A How-To Guide for Ontario Real Estate Investors and Landlords, The Filling Vacancies Toolbox: A Step-By-Step Guide for Ontario Real Estate Investors and Landlords for Renting Out Residential Real Estate, and The Ultimate Wealth Strategy: Your Complete Guide to Buying, Fixing, Refinancing, and Renting Real Estate.