There are a variety of aspects that make up each investor and make them individually unique. These will help guide through the maze of introspection towards clarity.
Investments strategy and selection should take into account strengths and weaknesses in these areas to ensure long term success.
Where there are areas deficient, be aware that the investment does not require it to be successful. Lean into your strengths.
PERSONAL CAPACITY
1. Energy & Stress
2. Knowledge & Skill
3. Motivation & Time
FINANCIAL CAPACITY
1. CAPITAL – $$
2. Credit Score & Availability of Credit
3. Income Stream & Work Stability
PSYCHOLOGICAL FACTORS
1. Risk Tolerance
2. Hands On / Off (Do it your-selfer)
3. Management Style
4. Control Desired
5. Ownership Anxiety
COMFORT LEVELS
1. Proximity to where you live and/or work
2. Investment Type
3. Class of Neighborhood
4. Class of Property
5. Condition & Repairs
These aspects of the investor will largely determine where their blind spots are, and what they are able to do, or not do in the world of real estate.
