Truthfully, every new investor has their own idea of what makes a real estate mogul. However, in general, a realty mogul can be defined as a high net-worth entrepreneur who has accumulated the majority of their wealth through investing in real estate. With that in mind, if you dream of building your own real estate empire someday, keep reading. Below is a step-by-step guide to growing your real estate portfolio into a thriving business that will help you achieve financial freedom.
Step 1: Clarify your financial goals and investment strategy
If you#8217;re reading this article, chances are, you do dream about becoming a successful real estate investor. That said, if you#8217;re serious about making it happen, it#8217;s important to realize dreaming is not enough. In this case, you need to start thinking like an entrepreneur, which means that you need to clearly define your goals and the steps that you intend to take to achieve them.
To do this, start by thinking about your goals in a more specific way. For example, rather than just saying you#8217;d like to earn extra income by investing in real estate, think about what being a successful real estate investor looks like to you. What would you eventually like your net worth to be? Would you like to be worth more than other well-known real estate moguls like Carl Icahn or Donald Trump? The more specific you can be here, the better.
Once you#8217;ve taken some time to define your goals, it#8217;s time to