Ok let's see now
1. Excellence in taking action: Just getting out there and doing it.
What ? How can you excell in taking action ?
You either have the balls to do it or you don't.
2. Excellence in waiting being slow and steady, time in the market not timing, never sell.
How can you be good at being slow ?
Slow and steady is for the pesioners.
Never sell ? why not ?
Selling is good as long as you always stay in the market. There is more money in trading than buying and holding, but always hold ips.
3. Excellence in where: Finding the best areas, researching the best locations
This is not very hard to do with all the data available.
4. Excellence in price negotiation: Buying at a low price under market value. Instant equity.
Haha anybody can negotiate, we do it when we buy a car, at the electronics store even at the markets. No need for someone to excell in it, we all know how to do that.
5. Excellence in finding hidden value: And unlocking it (renovation)
This is very important. It is here you get your instant equity and not everybody can do this.
6. Excellence in financing the deal: Break the limits on normal banking policies.
RUBBISH- That's what a broker is for.
7. Excellence in when: Finding places/areas/locations/cities about to boom and buy before the boom.
RUBBISH- If you missed out you just didn't start early enough and went with the herd. Looking for places ready to boom and buying hoping for a boom is pure speculation and crystal ball stuff.
8. Excellence in leveraging others skills: Finding good buyers agents, mortgage brokers, property managers
RUBBISH- Buyers agents ? you're joking aren't you ?
Mortgage brokers ? word of mouth, if you're just starting out otherwise when you're set, you're set
9. Excellence in goal setting: Setting goals and working towards them.
What excellence in setting goals ?
I groan everytime someone mentions that they have written down their goals and it's 20 pages long
Think of where you want to be, what you want to achieve and don't stop till you are there, SIMPLE.
IMO the most important aspect in becoming successful in property is spotting a bargain, whether it's unlocking hidden value or just plain cheap.
This can be only achieved if you have the KNOWLEDGE to do it, having research your particular area extensively.
The most important aspect in property is BUYING LOW (and possibly SELLING HIGH if that's your thing) everything else is EASY.
Regards
Investor
PS. MERRY CHRISTMAS