In terms of real estate investing very few investors actually look at building their property portfolios as a real business. They need a shift within their way of thinking and to approach real estate investing more like an entrepreneur.
In our opinion 2 of the essential keys to running a successful real estate investor estate Development business are using great systems and forming great long-term relationships.
Entrepreneurs use proven systems and leverage off others to run their business effectively and they view their business as separate from them. They understand that they're not their business and see their business as the end product. A property developer who understands that, has a real opportunity to become very successful.
When you realise that real estate development is a business and that your particular business is your product, you can then begin to work on building your business. To build a successful real-estate development business you will have to change the way you think and your approach to real-estate investing.
When the business proprietor is also the on the job developer it will usually require much more serious effort to make the business successful. It is much smarter for anyone considering entering in to the industry to setup a business where the systems run the business, and let others run the systems. Quite simply the systems as well as other people work with you so you do not have to.
As owners and proud parents our most important asset is time and as much as we wanted to be actively linked to real estate development we knew we did not want to be traditional real estate developers who worked extended hours trading their time for money.
Instead we looked at the big picture and applied the exact same entrepreneurial skills we had developed in our architectural practice to property development. Real-estate development had to contribute to our ultimate goal of achieving economic independence and giving back.
We knew that once we achieved our ultimate goal it will give us more choices so we could begin to live our dream lifestyle in line with our core values and with passion and purpose.
In our opinion 2 of the essential keys to running a successful real estate investor estate Development business are using great systems and forming great long-term relationships.
Entrepreneurs use proven systems and leverage off others to run their business effectively and they view their business as separate from them. They understand that they're not their business and see their business as the end product. A property developer who understands that, has a real opportunity to become very successful.
When you realise that real estate development is a business and that your particular business is your product, you can then begin to work on building your business. To build a successful real-estate development business you will have to change the way you think and your approach to real-estate investing.
When the business proprietor is also the on the job developer it will usually require much more serious effort to make the business successful. It is much smarter for anyone considering entering in to the industry to setup a business where the systems run the business, and let others run the systems. Quite simply the systems as well as other people work with you so you do not have to.
As owners and proud parents our most important asset is time and as much as we wanted to be actively linked to real estate development we knew we did not want to be traditional real estate developers who worked extended hours trading their time for money.
Instead we looked at the big picture and applied the exact same entrepreneurial skills we had developed in our architectural practice to property development. Real-estate development had to contribute to our ultimate goal of achieving economic independence and giving back.We knew that once we achieved our ultimate goal it will give us more choices so we could begin to live our dream lifestyle in line with our core values and with passion and purpose.