It is true what they say: knowledge really is power. Nowhere is such a sentiment more pronounced than in the world of real estate investing. A strong real estate education is the single most valuable asset every investor has in their possession. Nothing is capable of maximizing one’s potential in the real estate industry more so than a thorough understanding of the financial concepts at play. It is therefore reasonable to assume that the more today’s real estate investors know about their field of expertise, the more likely they are to realize success.
It is not enough to learn when it’s convenient; investors must strive to constantly expand their real estate education at a pace that manages to keep up with the industry itself. Only once learning has been made habitual can it be officially regarded as an investor’s most valuable asset––anything less will enable the industry to pass them by.
The real estate industry is constantly evolving; those that want to remain relevant must do the same. What was once regarded as testament only a few short years ago may have already become a moot point. In order to remain competitive, investors must adapt to real estate’s evolving landscape, and to do that they must constantly strive to educate themselves.
[ What’s the best investment strategy for YOU? Take “The 10-Minute Real Estate Investor Personality Test” and find out ]
Resourceful real estate investors have access to countless real estate education tools, not the least of which may offer their own unique take on today’s industry. However, not all sources of information are created equal; some are inherently more valuable than others. It is up to you to vet each source accordingly and determine whether or not they will help you meet your goals. If you are looking for a good place to start, here are some of the best real estate education tools made available to today’s entrepreneurs:
Of the many real estate education tools made available to today’s investors, books may be the most popular. Not only are they easy to get, but they are relatively affordable, too. That said, real estate inspiration doesn’t need to come from books dedicated specifically to the housing market. Many people have found real estate inspiration from the following books, and there’s no reason you can’t, too:
Written by Michael Gerber, Paul Esajian and myself, The E-Myth Real Estate Investor offers a unique perspective on another one of Gerber’s best selling books: The E-Myth. As its name suggests, The E-Myth dispels the myths that have become synonymous with starting your own company, and how to navigate around them. The E-Myth Real Estate Investor, on the other hand, offers its readers an investor-centric take on the same concept. More importantly, The E-Myth Real Estate Investor highlights some groundbreaking techniques to get ahead and stay ahead.
Gary Keller, chairman and cofounder of Keller Williams Realty, Inc., wrote The One Thing to help investors maximize their time and effort. In attempting to live up to its title, this relatively easy read helps business-minded individuals discover the one thing that can make their business better. In his book, Keller guides readers on a path to discovering the one thing that––if accounted for––will make their business more efficient.
While Good To Great may not center specifically on the real estate industry, its concepts resonate particularly well with aspiring real estate investors. After all, Good To Great guides its readers on the path that will help them identify their true potential. Provided readers approach this book with an open mind, they may find its concept to be invaluable in building their own real estate company.
In the right hands, a proper real estate education may be the most valuable asset investors have in their possession. However, even the best education must be continuously built upon. Whether you are just starting out with your real estate education or looking to expand your current knowledge, there are many tools, classes and resources to help you maximize your potential.