A short cut to building a true property business

1. Begin With the End in Mind
The process for building your property investment business is just that – a process, and it takes time. It means formulating a plan to achieve your intended outcome and then taking the necessary steps to reach your goal. By knowing where you’re going you can begin to define and build the foundation to support your business. You will need your foundation to provide stability and longevity, be sustainable, and have the capacity to support your vision.

2. Take action 
If you cornered me and asked me to come up with one single trait that I have found in common amongst the successful investors I’ve come across… what would that be? It’s that they make decisions and take appropriate action.

3. Begin by developing a mindset for your business success
In his book The Science of Getting Rich, Wallace Wattles taught that your thoughts lead to your feelings -> your feelings lead to your actions -> your actions lead to your results. The time I first read this many years ago was probably when I started to understand the power of developing the right mindset.

4. Understand the difference between investing and speculating.
To treat your real estate investing like a business, begin by clearly deciding you are investing in…not speculating in real estate. To build a profitable portfolio and business of investing in real estate, it is essential that you understand and apply the supporting economic fundamentals.

5. Build Your Team
Leverage your time by leveraging the strengths of others. I’ve never seen a self-made millionaire. The success of your business will greatly depend on the quality of the team of professionals you bring together to support you.