Contact

3 Mental Shifts You Need to Make to Become a Real Estate Investor

  • Nov 24, 2022
  • Real Estate
real estate investing

When it comes to real estate investing, psychology is just as important as math. In order to be successful, you need to make a few mental shifts so
that you can handle the ups and downs of the market. In this blog post, we will discuss three of the most important mental shifts that you need to
make in order to become a successful investor. Stay tuned for our next post, where we will talk about how to add these concepts into your daily
routine!

  1. Learn to Accept Losses: Real estate investing is not a get-rich-quick plan and losses are inevitable. Instead of viewing these losses as failures, take them as learning experiences and use them to inform your future decisions.
     
  2. Avoid the Gambler’s Fallacy: It can be tempting to stay in a losing investment, hoping that it will eventually turn around. This is called the gambler’s fallacy, and it’s one of the biggest mistakes real estate investors make. Realize that there are no guarantees in investing, and don’t be afraid to take losses when necessary.
     
  3. Never Follow the Crowd: Real estate investing is not a popularity contest. Avoid following the herd, as this can lead you astray and away from sound decision-making. Instead of listening to what others are doing, focus on your goals and develop an investment plan that works for YOU.

Everyone has different goals and risk tolerances when it comes to real estate investing. By following these mental shifts, you can set yourself up for
success in the long-term. Good luck!

Hello! I'm Jay Thomas, a REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building
businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!

Hello! I'm Jay Thomas, A REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!

Related Blog

Investing in commercial real estate
6 Things To Know About Investing In Commercial Real Estate
  • Dec 08, 2022
  • Real Estate

Are you looking to get your feet wet with investment in commercial real estate? Get a good introduction to some of the less obvious aspects of investing in commercial real estate (such as the impor...

read more
Houston Real Estate Market forecast
The Houston Real Estate Market: Current Trends and Forecasts
  • Dec 05, 2022
  • Real Estate

In this article, we will discuss some of the best neighborhoods in Houston to purchase a house or investment property. We'll also take a look at current trends and forecasts for the Houston real es...

read more
Buying a home in richmond houston
Know How to Buy a House in Richmond, Texas in 8 Steps
  • Dec 02, 2022
  • Real Estate

If you’re looking for a residence in Richmond, now is the time to do it! But before you start your search, let's follow a quick guide before buying a home in Houston....

read more
real estate business plan
How to Write a Real Estate Business Plan that Sells
  • Nov 30, 2022
  • Real Estate

In this blog post, we'll discuss the key components of a successful real estate business plan and how it can help you reach new heights in your career. So what are you waiting for? Start writing yo...

read more
Houston Real Estate Market
Houston Real Estate Market is Booming – Here’s Why You Should Invest
  • Nov 30, 2022
  • Real Estate

Whether you're looking for a family home or an investment property, Houston has something to offer. In this blog post, we'll take a closer look at the Houston real estate market and why it's such a...

read more
real estate investing
Real Estate Investing in Houston TX - The Ultimate Guide
  • Nov 30, 2022
  • Real Estate

If you're ready to get started with Real Estate Investing in Houston, this guide will provide you with the necessary information and resources to take your investment to the next level....

read more