We can honestly say that if we can do it, then you can do it too. It takes a lot of determination and hard work to be successful but the financial rewards are more than worth it. Building a real estate business that gives you the financial freedom to live your life on your terms is not super easy, but it’s not super difficult either. All it takes is determination, hard work, and perseverance.
But you really have to do your reading and research, follow your mentor’s teachings and make sure you understand the processes you need to apply and perform to get the ball rolling. Do not eliminate any steps or take any shortcuts, stick to the plan. What you will learn has been used successfully by many people before you and are proven methods to ensuring your business takes off and grows. Taking shortcuts will lead you down a road to mistakes that will end up costing you money, time, and reputation. Always follow the teachings as described and you will be successful.
Make sure you understand the order of the steps involved and make sure you complete them one at a time so again you don’t make any mistakes along the way. If at any point you find that you are second-guessing yourself or you are not at the point that you are supposed to be or expect to be, go back to your material and re-read or re-listen to refresh your mind and get back on track. It is vital to get back to basics when you feel that the business is hitting a plateau.
The first thing you need to do is to implement the lessons that you have learned about investing in real estate. This means doing the actions and analyzing the results. If one lesson says you need to make a list of five potential properties in your neighborhood, then you need to make that list. If you are told to find money lenders in your area, do your research and find ones that match up to what you need from them.
One very specific action to do that we tell our students in our programs in the second week is to research the people who theywant on theirdream team. This is one action that needs some time to complete. Ensuring you find the right buyers, sellers, lenders, and others who fit into your style and personality goes a long way in building your business. You will want to build an effective team by finding those good partners and lenders. Lenders will be key to leverage your capital to buy and control properties with the least amount of cash needed. Good partners will be key to your team in order to be successful in Real Estate investing.
Now, you will also need to become the very best at finding the most money producingdeals. Learn how to research and seek them out. You need to become an expert at finding the gems and ignoring the trash in areas that you are very familiar with or can become very familiar with. Research the deals that are going on in your area. Visit these areas to familiarize yourself with the types of properties you are interested in marketing to your investors. Get to know the types of deals that are constantly happening in your area, including the asking and selling prices and who is selling and buying what.
As a wholesaler, when you get the best deals for your clients they will come back to you for more. If they know they can sell certain properties or buy certain properties through you, that you are the go-to person for these deals, then they will seek you out more often. Wholesales is the best way to get started in Real Estate investing because it generates cash quick and in the process makes you a an expert deal finder. To learn how to become an expert wholesaler visit our website www.cashflowpropertiesacademy.comand find details about our Cash Maker Program.
If you can find the best deals, then you can take advantage of them with your own portfolio. You have a competitive advantage as a savvy investor. If you have a good deal, money will follow. All you have to do is focus on finding the best deals available and once you have them you can use any of the three main exit strategies to make your money: wholesale it, rehab it or rent it. That’s how it works for us and that’s how it will work for you.
As you build your business, not only what you do, but how you do it and who you are, will become extremely important in getting those deals. You have to realize that you are not only building your real estate business but you are building your reputation, your brand, as well. As your brand becomes more well-known and your deals are consistently great for all your clients, then the deals and partners will begin to approach you. They will seek you out instead of you having to seek them out. Every deal you complete should be a win-win situation for everybody. This keeps clients happy and happy to do business with you.
Even if you find yourself overwhelmed with deals, you need to select the best ones that will move quickly and net you your profit. Perseverance here will be your best friend and if you just keep at it and storm ahead, you will make it happen.