Real Estate has created more millionaires and billionaires than any other investment vehicle. While the world of real estate investing is full of successful people from Donald Trump to the even more successful Donald Bren, this dog-eat-dog world is also littered with millions of also-rans and bankrupt players. The successful real estate investor must understand the qualities that separate the successes from the failures. Here are some of the more important traits:
Most real estate investors start the process by deciding what kind of investors they want to be. One traditional path to investing in real estate is to buy properties, fix them up and resell them. While this can be lucrative, it is also very time-intensive and can be risky. There is another path, though. Instead of being the owner, why not invest in first trust deeds? You can invest in real estate by providing money at generous rates of return to the people that get their hands dirty.