10 Attributes of Great Real Estate Investors

10 Attributes Every Great Real Estate Investor Possesses
by Kyle Malnati

I can’t believe its already been over a year since I started interviewing real estate investors on the Kyle Malnati Show. It’s been a fun ride, and I know we’re just getting started!

Real Estate Gurus Interviewed by Kyle Malnati

The truly successful investors have shown me how to WIN in business (which is the main reason I created our video show). It is fascinating to sit down for an interview and tap into the mindset of successful entrepreneurs in real estate.

As I reflect on every meeting, phone discussion, or interview, I realize that there are some universal traits that the most successful real estate investors possess. I’m excited to share these attributes with YOU.

1. They are BOLD.
They are courageous. Everyone has fears, even great investors. What separates great real estate investors from everyone else is that they are NOT AFRAID to start. They are eager to get their hands dirty.

2. They are OPTIMISTIC.
Great investors have great inner confidence in themselves that, in the end, THEY will win. In fact, they routinely EXPECT the most favorable outcome will occur for them. This doesn’t mean that “optimists” are the only successful investors… actually, being a “realist” can be just as helpful when needing to consider the downsides of an investment. Great investors are simply optimistic that THEY CAN FIND A WAY TO WIN.

3. They are AUTHENTIC.
In a world dominated by social media, people are seeking authentic individuals more than ever. The best investors are genuine. They are the real deal. They are honest whether they are right or wrong. They are reliable and trustworthy.

4. They have GREAT RELATIONSHIPS.
Great real estate investors realize that THEIR success is LIMITED to the help that they receive from others. Great investors most often live by the Golden Rule (in their personal and professional lives). As I mentioned previously, they are authentic so they learn to surround themselves with reliable and trustworthy teammates.

Related: Wealth is all about having the right relationships (article)

5. They know their STRENGTHS.
This means that they also know their weaknesses. The best investors make it very clear what they are good at and what they are not. Great real estate investors learn to hire the best people to back-fill their own weaknesses.

6. They are INTENTIONAL.
No wasted steps or wasted movement. Great investors WALK WITH A PURPOSE. They set goals, follow a plan, and hit their goals. Successful real estate investors live a purpose driven lifestyle that starts with the question, “WHY.”

Related: Simon Sinek’s TED Talk – “Start with WHY” (video)

7. They follow a SIMPLE PLAN.
They understand that so much of success is getting up every day and going to WORK! Great real estate investors don’t overly complicate their lives; they stick to the fundamentals. Real estate success is a product of intentional reaping and sowing. You must plow the field, plant the seeds (sowing), and then you get to reap the rewards of the harvest. After you’ve enjoyed the fruits of your labor, wake up tomorrow and repeat.

8. They CREATE multiple income streams
Great investors don’t go “all in.” Investing isn’t a dramatic scene at a Vegas casino. Great investors diversify. All businesses experience ups and downs. The best real estate investors create multiple streams of income so that they can “weather the storm” with their other businesses when one particular investment or industry isn’t performing well.

9. They are DRIVEN.
Great investors aren’t timid. To use a basketball analogy, they drive the lane and score. Successful real estate investors have a tremendous work ethic. Their drive causes them to strive vigorously toward their goals.

10. They learn to DECIMATE DEBT.
Debt hampers your net profits. I’ve NEVER met an 80-year old with a loan on their apartment building. Why is that? While real estate investors may have used a bank loan to initially purchase their rental property, they understand they they are ultimately in business with the bank until they pay off their loans. Successful investors take great strides to pay off their mortgages systematically and quickly. The greatest limit to your success is how much you choose to involve debt in your business.

Related: Mark Cuban debunks the MYTH that debt is smart (video)

Want to hear me connect with successful entrepreneurs as it relates to real estate investing, real estate sales, money, and life? Then please tune into the Kyle Malnati Show podcast on YouTube:

————-###————-

Kyle Malnati is a commercial REALTOR specializing in multifamily and investment sales. Kyle is a Partner and Shareholder of Madison & Company Properties which is a respected and established boutique real estate firm located in Central Denver.

Kyle and his wife, Courtney, reside in Centennial, Colorado. They have three children: Charlotte, Amelia, and Henry.

You can hear more from Kyle on the Kyle Malnati Show. Learn more about his new real estate podcast.

Connect with Kyle on Facebook and Twitter.

– See more at: https://kmalnati.wordpress.com

 

10 responses to “10 Attributes of Great Real Estate Investors

  1. Pingback: Trait #6: Great Real Estate Investors are INTENTIONAL | Denver Apartment Buildings For Sale·

  2. Pingback: Trait #5: Great Real Estate Investors Know Their STRENGTHS | Denver Apartment Buildings For Sale·

  3. Pingback: Trait #4: Best Real Estate Investors have GREAT RELATIONSHIPS | Denver Apartment Buildings For Sale·

  4. Pingback: Trait #3: Great Real Estate Investors are AUTHENTIC | Denver Apartment Buildings For Sale·

  5. Pingback: Trait #2: Great Real Estate Investors are OPTIMISTIC | Denver Apartment Buildings For Sale·

  6. Pingback: Trait #1: Great Real Estate Investors are BOLD | Denver Apartment Buildings For Sale·

  7. Kyle – Thank you so much for bringing this great wisdom to our group in DC today! You’re an amazing presenter and educator! Thank you!

    • Chris – It was great meeting you today in DC. I really appreciate your feedback. Thank YOU again for coming up to me after the presentation. :)) ~Kyle

Comments are closed.