5 Types of Real Estate Investors

There are 5 types of investors. Four of them don’t make much money. That said, the fifth manages to run a successful real estate business.

For starters, the Dabbler is one who might attend a few seminars or read a couple of books. He might even look at a few properties to invest in but doesn’t commit in the end.

The second type is the ‘Economy Victim’. He’s either disappointed or unsure of stability or growth at his place of work. He also realizes that it is time to take his future in his hands. Even though he sees the potential in real estate investing, he has no idea how to take action.

The third type is the ‘Cash Flow Flop’. This is an investor who has spent a lot of his money buying properties. Despite doing this, he only enjoys little cash flow every month. One thing is for sure: he tires of these financial hassles with his properties.

The fourth type is the “Perpetual Bird Dog” who struggles to earn a living. This is because he is not able to realize his full potential. He wastes time and money submitting good deals to other investors. Unfortunately, they never fall through. This is because he has no control over the transaction while leads to frustration.

As for the fifth, he doesn’t have to deal with any of these issues. That said, there’s a difference between owning and controlling property. To be successful at real estate, you have to do the latter. How you can do this is by doing a quick turn, wholesale a property, sell a note or assign an mortgage.