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Common Traits Among The Most Successful Commercial Property Owners - Properties - Nairaland

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Common Traits Among The Most Successful Commercial Property Owners by 9JAREALESTATE: 8:31pm On Sep 14, 2018
https://9jarealestate.com/category/blog/


When you sit down and analyze successful folks, in this case successful investors, you usually come up with the usual ones like:

1.  Persistent
2.  Tough negotiators
3.  Thick skinned
4.  Hard workers..

Etc.  You get the picture.

However, there is ONE thing that I think they all have in common that is not addressed very often…if at all.

They are extremely competitive!  That is correct…VERY competitive!

Getting into that next apartment or commercial property is not just a nice ‘next investment’ it is a GAME to them in which they are competing with other investors (and in some cases themselves) in order to get the project they want.

Once they take over the project the competitiveness does not stop there…they compete against the clock to get items done.  They compete against tenants, they compete against lenders, they compete against rules, regulations, etc.  You get the picture.

I will go so far as to say that their success IS IN LARGE PART because of their competitiveness!  If you are NOT competitive with this then it is NOT that you will not achieve the success of a superstar apartment or commercial property owner…It will just take you longer.

Think about it.

When you sit down and analyze successful folks, in this case successful investors, you usually come up with the usual ones like:

1.  Persistent
2.  Tough negotiators
3.  Thick skinned
4.  Hard workers..

Etc.  You get the picture.

However, there is ONE thing that I think they all have in common that is not addressed very often…if at all.

They are extremely competitive!  That is correct…VERY competitive!

Prime Time Investing” is a pioneering tome written by Michael Anderson, Founder of RealSource. In it, he identifies and expands on the well-known real estate mantra, “location, location, location.” As you know, in real estate investing, buying low and selling high is a matter of knowing where and when, and that requires research. There are what Anderson calls “where and when” circumstances.

The process of investing well starts with identifying whether you’re purchasing real estate as a home or for investing purposes only, determining expectations based on the reality of the market, and knowing where and when to get into a market, and when to exit.

Getting into that next apartment or commercial property is not just a nice ‘next investment’ it is a GAME to them in which they are competing with other investors (and in some cases themselves) in order to get the project they want.

Once they take over the project the competitiveness does not stop there…they compete against the clock to get items done.  They compete against tenants, they compete against lenders, they compete against rules, regulations, etc.  You get the picture.

I will go so far as to say that their success IS IN LARGE PART because of their competitiveness!  If you are NOT competitive with this then it is NOT that you will not achieve the success of a superstar apartment or commercial property owner…It will just take you longer.

Think about it.

https://9jarealestate.com/category/blog/

(1) (Reply)

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