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MIT's Investor Readiness Quiz

Investor Readiness Quiz

 A lot of people say they want to invest in real estate.
But the real question is:

Are you actually ready to succeed right now?

Each question is rated using a simple system I borrowed from my kids:

👍 Thumbs Up — You’re strong here
😐 Mid — Neutral / developing
👎 Thumbs Down — This is an area to improve

By the end, you’ll have a clearer picture of how ready you are to move forward in real estate — and what your next step should be.

Let’s see where you stand.

Are you Ready? Click the button below to start.

Start

Section I: MONEY

First, let's look at how you are with Money. 

Question 2 of 21

I have consistent income.

 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 3 of 21

I have over 25K money to invest. 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 4 of 21

I have less than 10K in bad debt.

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 5 of 21

I have 3 months of cash reserves. 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 6 of 21

I have good credit. 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Section II: KNOWLEDGE

Now we're going to take a look at Knowledge. 

Question 8 of 21

I have a usable license (or degree). 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 9 of 21

I have a usable trade (electrician, plumber). 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 10 of 21

I know marketing. 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 11 of 21

I have the ability to learn. 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 12 of 21

I am good at analyzing a deal. 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Section III: NETWORK

Now we're going to take a look at Network. 

Question 14 of 21

I know someone with money.

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 15 of 21

I know someone with knowledge.

A

👍 Thumbs Up — You’re strong here

B

👎 Thumbs Down — This is an area to improve

C

😐 Mid — Neutral / developing

Question 16 of 21

I know someone with a trade.

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 17 of 21

I know someone with a deal.

A

👍 Thumbs Up — You’re strong here

B

👎 Thumbs Down — This is an area to improve

C

😐 Mid — Neutral / developing

Question 18 of 21

I have a large sphere of influence.

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

MULTIPLIERs

The below can work as a multiplier if it’s a positive. It can also work as a multiplier in the opposite dense. If you hate something, you’re going to lose even more money faster…

 

But on the other hand, let’s say you hate your day job and you love the idea of flipping houses because you get to be creative in the design or in creative problem solving, this multiplier can propel you to success in a big way.

Question 20 of 21

Passion

First, Passion… Do you love this real estate investing stuff?

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Question 21 of 21

 

Grit

Second, Grit… Do you have determination or ability to pick yourself up after a bad day? 

A

👍 Thumbs Up — You’re strong here

B

😐 Mid — Neutral / developing

C

👎 Thumbs Down — This is an area to improve

Confirm and Submit