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There are three disciplines that are distinctly important and lead to success or failure in real estate investing. It’s like a three-legged stool. You need to have all three, and people tend to be good at one or two of these, but rarely at three. The first is opportunity. The second is capital. And the third is team. Let me break them down. Once you are familiar enough with each, you should be able to pinpoint which “leg of the stool” is the weakest and needs the bulk of your attention.

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