
Creativity is part of a real estate investor’s arsenal
We are so used to thinking that creativity is the exclusive province of writers, painters and freelance artists of all kinds that we very often overlook the fact that creativity is one of the vital elements in the real estate investor’s arsenal.
As a real estate investor you learn to rely on your wits, intuition, ability to ferret out opportunities where few other people see them and then work creatively to close deals and make money in win-win scenarios.
Most outsiders to real estate investing believe that it is the kind of profession where you do everything by the numbers and deals automatically happen. Nothing could be further than the truth. As a real estate investor you learn that in order to succeed you utilise your best resources which are your own skills and talents in terms of drive, creativity and tenacity.
There are many things in real estate investing such as learning to work with emergent markets which means you need to identify them and get in at the right time in order to take advantage of their pressure-cooker conditions, putting Syndicate real estate investment deals together and devising an effective real estate investment strategy which will focus on single-family dwellings or multi-family dwellings.
All these are skills which can be taught and which I cover in many of my courses and workshops. In addition those who want to make it big in real estate investing learn how to make use of their own intuitive, developing understanding of the real estate market, and get creative in the way they find properties to buy, the way they close deals, where they find potential investors to front a Syndicate and how they can work in ways that will minimise the risks involved and maximise the profits.
Because much of this happens at a business level much of the creativity that is involved in it goes largely unnoticed but that should not detract from its value at any rate.
Real estate investment is not rocket science but neither is it the kind of thing you can blindfold yourself and do simply by the numbers. Each deal you close will have certain unique characteristics and you will need to be able to work in such a way that you walk away with a profit at the end of each one, irrespective of the market conditions.
Good real estate investors are made not born. As Donald Trump himself has often cited, putting a great deal together often depends on little more than the ability to use your natural talents and gut feelings and then apply good common sense. It is a formula that, if applied, hardly ever goes wrong.
About the Author
David Lindahl, also known as the “Apartment King” has been successfully investing in single-family homes and apartments for the last 14 years and currently owns over 7,000 units around the US. David regularly shares his secrets and experience on the same stage as Tony Robbins, Robert Kiyosaki, and Donald Trump! For two FREE copies of his highly recognized newsletter Real Estate Insights, please go to http://www.davesoffer.com/ezine
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