{"id":5715,"date":"2015-09-16T01:00:44","date_gmt":"2015-09-15T15:00:44","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=5715"},"modified":"2015-09-16T01:00:44","modified_gmt":"2015-09-15T15:00:44","slug":"6-things-successful-investors-do","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/6-things-successful-investors-do\/","title":{"rendered":"6 things successful investors do – Jane Slack-Smith"},"content":{"rendered":"

 
\nIn today’s show\u00a0Jane Slack-Smith<\/strong>, the\u00a0<\/strong>Ultimate Guide to Renovation video series<\/a>\u00a0author,\u00a0shares the 6 things she has found successful investors do.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin<\/b>:\u00a0 By now, you will have received your first video in the Ultimate Guide to Renovation video series with Jane Slack-Smith. Jane joins me.
\nHi, Jane.
\nJane:<\/b>\u00a0 Hey, Kevin.
\nKevin:<\/b>\u00a0 To get more information about this fantastic program, use the link on the homepage at Real Estate Talk. Click on that link<\/a> and you\u2019ll get all the information you need.
\nIn that first video, Jane, you\u2019re walking through a property. I know that you\u2019ve been dealing with a lot of very successful renovators and investors over the years. What have you found are the common traits that stand out when you\u2019re talking to them?
\nJane<\/b>:\u00a0 I have actually distilled it down to six common traits, Kevin. The first one is that successful investors think long-term. They\u2019re not thinking about this current deal, the property they\u2019re looking at at the moment and opportunities. They\u2019re always looking long-term to their long-term goals and then looking at a property with the goggles on that say, \u201cHow is this going to get me to my long-term goal?\u201d They\u2019re very long-term in their approach to investing.
\nKevin<\/b>:\u00a0 They don\u2019t take any short-term views. What else?
\nJane<\/b>:\u00a0 They don\u2019t make emotional decisions. They\u2019re not going to walk in and fall in love with a spa bath. They\u2019re going to, once again, look at the property, sum it up, and see \u201cDoes it fit the demographic? Is it right for the area? Is it right for their goals and their strategy to achieve what they want to achieve?\u201d So no emotional purchase decisions.
\nKevin<\/b>:\u00a0 I suppose when you take that emotion out, you can remain calm, focused, and pretty steadfast, too.
\nJane<\/b>:\u00a0 Absolutely, and it gives you a clarity. If you\u2019re always assessing everything you do against \u201cIs this going to get me to my goal?\u201d it becomes very clear if a property is going to be an emotional decision, which leads me to number three.
\nI see that successful investors don\u2019t let fear stop them. They look at the numbers and they know that investment is about the numbers and getting it right. They look at the long term in achieving those numbers, but they don\u2019t stop and get worried about \u201cAre they doing the right thing?\u201d because they\u2019re very clear on what they\u2019re trying to do.
\nKevin<\/b>:\u00a0 That\u2019s because they have a plan and a strategy, isn\u2019t it?
\nJane<\/b>:\u00a0 Absolutely. I talk, obviously, to hundreds of investors every year, and I\u2019m always assessing what people are doing right and what they\u2019re doing wrong. Really, it\u2019s just getting the fundamentals right.
\nIt\u2019s some of the simplest things like buying in the right area and understanding how the property has to be right for that market. We talk about demographics, but what we\u2019re really talking about is \u201cWho is going to buy or rent this property?\u201d and \u201cDoes the property I look at satisfy that need?\u201d
\nKevin<\/b>:\u00a0 What about paying the price? Are they always looking for a bargain?
\nJane<\/b>:\u00a0 Not always. Often, successful investors, maybe they\u2019ve done their assessment and they find that there might be some zoning changes, and they\u2019re happy to pay a little bit over market, but the difference between experienced investors and inexperienced investors is that experienced investors know that they\u2019re doing it and inexperienced investors don\u2019t know they\u2019re doing it. Often, they actually are paying over the market.
\nKevin<\/b>:\u00a0 They do seem to have an air of confidence about them, too, backed up by the fact that they know what they\u2019re talking about and they\u2019ve done their research.
\nJane<\/b>:\u00a0 Which brings me to number six on the successful investor tips. What I see successful investors do, the number one thing is they educate themselves. If I had to say the best investment in property investing education that you can make, it\u2019s educating yourself so that you know what to do, when to do it, and how to assess if there is a deal there or not.
\nKevin<\/b>:\u00a0 Also part of what we\u2019re talking about here is they have a plan and a strategy. Part of that would be getting the right finance in place.
\nJane<\/b>:\u00a0 Absolutely. They have to be prepared. I speak to people every week who have found the deal of the century and because they weren\u2019t ready with their finance, it fell over. It\u2019s about being ready to act when you need to act, as well.
\nKevin<\/b>:\u00a0 Great advice. You can follow the success trail that\u2019s being laid down by Jane and her team, The Ultimate Guide to Renovation: The Video Series. We\u2019ve had two already, Jane.
\nJane<\/b>:\u00a0 That\u2019s right.
\nKevin<\/b>:\u00a0 What\u2019s coming up in the future? How many are there in the series?
\nJane<\/b>:\u00a0 The big reveal in Video 3 is the end result of the renovation that we do in Video 2. In Video 1, we would had just gone through and inspected the property and seen what we could have done. At the end of Video 3, you get to see all the beautiful renovation done.
\nKevin<\/b>:\u00a0 Make sure you don\u2019t miss it. There is a link on the homepage of Real Estate Talk. Click on that link right now and you can get all the information.
\nJane, thanks for talking to us. We\u2019ll catch you again soon.
\nJane:<\/b>\u00a0 Okay. Bye, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

  In today’s show\u00a0Jane Slack-Smith, the\u00a0Ultimate Guide to Renovation video series\u00a0author,\u00a0shares the 6 things she has found successful investors do.   Transcript: Kevin:\u00a0 By now, you will have received your first video in the Ultimate Guide to Renovation video series with Jane Slack-Smith. Jane joins…<\/p>\n","protected":false},"author":176692471,"featured_media":5717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,13,25],"tags":[101],"class_list":["post-5715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-latest-story","category-sponsored-channels","tag-podcast"],"yoast_head":"\n6 things successful investors do - Jane Slack-Smith - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/6-things-successful-investors-do\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 things successful investors do - Jane Slack-Smith - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  In today’s show\u00a0Jane Slack-Smith, the\u00a0Ultimate Guide to Renovation video series\u00a0author,\u00a0shares the 6 things she has found successful investors do.   Transcript: Kevin:\u00a0 By now, you will have received your first video in the Ultimate Guide to Renovation video series with Jane Slack-Smith. 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