If you truly want to be successful in Real Estate Investing then you need to treat it like a business. If you showed up at work once or twice a week for 2-3 hours do you think you would be very effective? Do you think you would have a job? What makes you think this would be any different?
When it comes to this business you need to create a pattern of success.
- Find a motivated seller or circumstance
- Gather the information and separate the sellers wants from their needs
- Analyze the deal to determine the best exit strategy, determine how to finance and how to structure the contract
- Submit the offer and hope for a “NO”
You want a NO so you know you didn’t leave any money on the table. You now start negotiating on Price and Terms!
When it comes to the Business of real estate investing it revolves around you! Your power team members usually don’t take action until you give them direction. The one piece of the business you never farm out is the analysis of the opportunities. Nobody cares for your money like you do! Everything else you can hire people to take care of for you.
So if you are just starting out or not getting the results you want then take the opportunity to connect with people who are successful and follow their pattern of success. I feel it is important to find someone who can help you put together a strategic plan, execute the plan, be there to offer advice, assistance and support as you locate the motivated circumstance, gather the information, help analyze the deal, structure the financing, contracts and exit strategies.
Alcampta Ventures Inc.
8 Week “TAKE ACTION” Mentorship Program http://www.alcampta.com/events.php