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So you've decided to invest in Real Estate? Have you built your Team yet? Do you realize the importance of a Network? Does any of this sound the least bit familiar? Do you know who you are going to call when you have questions?
It's early Saturday morning and you're Driving for Dollars. You've decided that you're not going back home until you find at least 10 run down/vacant looking properties. Once you locate them, you write down the address, jot down a few notes and snap a couple of pictures.
Now you're on your way back home and you're dreaming the perfect scenario. You will find the owners and will call them right away. You will follow your script (knowing exactly what to say) to check their motivation. The call will go smoothly, you feel confident and you'll offer to buy their house for 50% of the market value and they'll say yes! Awesome!
So you get home, hop on the internet to first check your email and then the distractions kick in and you start internet surfing. One site then another...you have lost your focus. Then you get hungry and get a snack. A few minutes later a family member has a question. Now your getting tired and make some coffee.
After coffee you swear you're going to re-focus. Back to the computer, check your email, surf around, etc. Now you realize you only have 30 minutes until you have to get ready to go out for the evening so you quickly pull up the online tax records, find the owners and look up their phone numbers. Sunday comes and goes without getting back to anything real estate related.
It's now Monday morning and you're on your way to work and are beating yourself up because you didn't make one phone call. And the worst part about it is that you have no clue why???
Maybe you're not making offers because you don't want someone to say "yes"? Sound crazy? Think about it....honestly.
Are you a New Real Estate Investor who is not making offers because you have no idea what you are going to do if an owner actually says "yes" they want to sell?
Stop worrying! Start Networking! Once you have Real Estate Investing colleagues, finding the money and/or finding someone to assign a contract to is even easier than finding deals!
No Real Estate Investor does this alone, especially in the beginning. Networking is key. Join a Real Estate Investment Group or Association, read and post on message boards, read and contribute to Real Estate Forums. Educate yourself.
Chris Parks is a Real Estate Investor who has been involved in Real Estate in one capacity or another since the mid 1980s. As a member of a small group of Real Estate Investors & Entrepreneurs, and always having the knack for explaining Real Estate Basics in an easy to understand manner, Chris created REI for Newbies in order to teach & assist new Real Estate Investors in a step-by-step, easy-to-understand manner. http://www.REIforNewbies.com
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