4 New Year's Resolutions for Real Estate Investors in 2021
We’ve all heard the age-old cliché, “New year, new me.” We say it to ourselves year after year while we hold our list of New Year’s resolutions close to our chest...only to be the same unchanged person at the end of the year.
I don’t know about you, but 2020 has kicked my butt enough for me to crave change. I will do just about anything to have a better and brighter 2021- both for myself and my business. That’s why I created the ultimate New Year’s resolutions list for myself and fellow real estate investors.
Here are 4 resolutions that will help us make 2021 our year:
Networking is always important. Some people in the real estate industry will tell you to make a certain number of new connections in a day or in a week. However, I find it more helpful to choose a higher quality of connections over a higher quantity of connections. Yes, you should connect with as many people in the industry as you can.
But if you aren’t having meaningful conversations and following up with these connections, you’re not going to get anything out of the relationship. After you meet someone, set up a video chat to check in. Be strategic about your connections and you will get so much out of it.
Learn to delegate
One of my favourite sayings is, “You can do anything- but not everything.”
As real estate investors, many of us try to be jacks-of-all-trades. We try to do everything ourselves to keep our business afloat- but that’s just not realistic. And it’s not necessary! We live in a time where it’s easier than ever to automate tasks. There are even softwares and apps that do it all for you! This year, learn how to delegate tasks- whether to automation, freelancers or colleagues- so you can use your energy wisely.
Learn something new
Never stop learning. Even though I am a successful real estate investor, I still consult my mentor, attend investment seminars, read books about my industry- you get the idea. When you stop learning, you become stagnant and when you’re stagnant, there’s no way for your investment business to grow.
Get a mentor
Getting a mentor was on my personal New Year’s resolution list several years ago and let me tell you- keeping this resolution has helped me build wealth.
When I first started in real estate investment, I was learning everything that I could from reading blogs, watching interviews, skimming books- you name it. But the more I learned, the more questions I had. I needed someone with real life experience to guide me through the process. Then I found my mentor. He had years of experience in the real estate investment industry, had closed dozens of deals and knew exactly how to lead me to success. Getting a mentor changed the trajectory of my entire real estate investment career.
If you’re looking for a mentor, I can help.