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

Real Estate Investing
3 Real Estate Investing Tips to Kickstart Your Portfolio!
  • Mar 28, 2023
  • Real Estate

Looking to kickstart your real estate investing portfolio? Check out these 3 tips to get started on the right foot and maximize your returns!...

read more
Real Estate Investment
Secure Your Real Estate Investment: 2023 Recession-Proof Housing Market
  • Mar 22, 2023
  • Real Estate

The Real Estate market is a tricky landscape to navigate, especially in times of economic decline. In our current climate, it’s important now more than ever to be wary of where you invest and mak...

read more
Real estate investment in Houston TX
Real Estate Investment Is Best with an Agent who is also an Investor
  • Mar 21, 2023
  • Real Estate

Investing in real estate can be daunting, but with an agent who's also an investor, you get insider knowledge and guidance. Discover why it's a smart move. Read more....

read more
Benefits for Houston REI BRRRR
HELOC vs. Hard Money Loans: Benefits for Houston REI BRRRR
  • Mar 17, 2023
  • Real Estate

Discover the benefits of HELOC and hard money loans for BRRRR investing in Houston. Learn how to maximize your real estate investment returns today. Read more....

read more
FHA Mortgage Insurance Premium (MIP)
FHA Just Got Even Better With a 30 Basis Point Reduction in MIP!
  • Mar 16, 2023
  • Real Estate

The FHA Mortgage Insurance Premium (MIP) is an insurance policy that protects lenders against losses in case the borrower defaults on their loan. This policy is required for all FHA-insured loans, ...

read more