What makes a successful real estate investor? This is tough to pin down. People from every income bracket, level of education, and demographic have gone on to become real estate millionaires. It’s such a diverse group that doesn’t seem to have anything in common.
Since these investors seem to have nothing in common, it’s easy to just assume that they were lucky. After all, there is so much out of your control in the housing market, what can you do to make sure you make money?
While it might seem that the “lucky” people are the only ones making money in real estate, this is far from the case. Real estate investing is a lot like the card game, poker. To a new player, poker seems all about luck. You’ll see terrible cards beat the best starting hands all the time and rookie players often walk out of the casino as winners.
However, over time you’ll notice that the best players win more than their fair share. It’s not because they are the luckiest people in the casino, they’ve just learned how to play cards in a way that removes the luck from the game and creates steady, long-term profits.
It’s the same story with real estate investing. There is no way to guarantee any one deal will turn a profit. However, the best investors seem to find a way to minimize their losses and find enough winning properties to create long-term wealth. They do this because they follow a good investment system.
After a closer look, it appears that the successful and wealthy real estate investors do have something in common. It’s not their background, it’s not their education; it’s their system… or their consistent approach to investing. Good real estate investors make decisions according to a set list of rules and criteria that have proven to make money overtime. This means that if you follow the right system, you too can become a real estate millionaire.
Here at Epic Professionals and in the Epic Pro Academy, the decision making process of the top real estate investors is continually analyzed so you can see how they think [7 Ways Rich Real Estate Investor Think in Creating Wealth]. We clearly explain how a good investment theory works and show you what you need to do to make better investment choices.
There’s no way to completely remove luck from the real estate market. With the right system though, you make sure that luck doesn’t matter for your long-term results. As you follow the right system and start to become a real estate millionaire, your friends won’t be able to believe your unbelievable luck. But at this point, you’ll know it has nothing to do with luck and everything to do with your system.