This is your message if you;
- Are a business person
- Love to enjoy your work
- Want to take your property business to the next level
"One of the key principles of real estate investing is: The profit in a deal is made at the time of purchase, not at the time of sale.
That means, with very few exceptions, investors need to acquire below-market properties in order to “build in” margins for themselves. Whether you wholesale, flip, or rent, your ability to earn money is dependent on getting deals that are priced lower than average
Newer investors want to know:
That means, with very few exceptions, investors need to acquire below-market properties in order to “build in” margins for themselves. Whether you wholesale, flip, or rent, your ability to earn money is dependent on getting deals that are priced lower than average
Newer investors want to know:
- Why would a homeowner accept anything less than what the market is willing to pay?
- And: How do I make a below-market offer confidently without having them laugh me out of their living room?
The real estate investing lifestyle can be amazing: ditch your job, spend more time with your family, and eliminate financial worries forever. What’s not to like about that? No wonder so many people are attracted to real estate investing
But if you’re at the “just-starting-out” stage, you may find yourself facing a very common catch-22 problem: You want to quit your job to become a real estate investor but you feel stuck in your job because it provides the income you need until you can get your investing business started.
Not everyone is willing or able to make the leap – to quit their job and start an investing business. They’ve got mortgages to pay and families to feed and they’d rather have a smooth transition out of their job and into an investing business that is already earning an income. Perfectly understandable.
Do you find yourself in that situation? Are you STUCK in your job and wish you could finally start moving forward to get some deals done?
Here’s the good news: just because you’re in your job doesn’t mean you can’t get your investing business up and running. Here are six ways that you move forward while working… so you can eventually quit!
1. Find deals
You might not be able to buy deals just yet but it’s a great time to start finding deals. Whether you use Craigslist, MLS, or good old “driving-for-dollars”, it’s good to get into the habit of finding deals. You’ll notice where the deals are in your market, what types of properties they tend to be, and by the time you’re ready to get rolling as an investor, you’ll have no problem identifying them and knowing exactly what they’re worth.
2. Get educated
Don’t get down on yourself about your current situation. Consider this time of your life a “paid college experience” in which you get paid to work at your job but you intentionally carve out time in the evenings and on weekends to get educated about investing. The more you know, the more options you’ll have when you’re ready to quit.
3. Practice
Real estate investors need to be proficient in skills like negotiation. Use this time at your current job to practice the skill of negotiation: when you negotiate pay raises, work schedules, conflict in meetings, and even who will clean the office kitchen, you’re practicing an essential skill that you will eventually use on a daily basis as an investor.
4. Build a network
I can’t think of a more important asset to have than a network of people. As the saying goes, “your network is your net worth.” If I was starting out as an investor all over again, I would focus on this daily. I’d network with colleagues; I’d attend real estate investor meet-ups; I’d go where I thought my buyers were hanging out. If you want to accelerate your start as an investor, make it a point to add one quality contact to your network daily"
*About the Author
Kent Clothier is President and CEO of Real Estate Worldwide (REWW), a multi-faceted real estate education company with headquarters in Scottsdale, Arizona, San Diego, California, and Boca Raton, Florida.
But if you’re at the “just-starting-out” stage, you may find yourself facing a very common catch-22 problem: You want to quit your job to become a real estate investor but you feel stuck in your job because it provides the income you need until you can get your investing business started.
Not everyone is willing or able to make the leap – to quit their job and start an investing business. They’ve got mortgages to pay and families to feed and they’d rather have a smooth transition out of their job and into an investing business that is already earning an income. Perfectly understandable.
Do you find yourself in that situation? Are you STUCK in your job and wish you could finally start moving forward to get some deals done?
Here’s the good news: just because you’re in your job doesn’t mean you can’t get your investing business up and running. Here are six ways that you move forward while working… so you can eventually quit!
1. Find deals
You might not be able to buy deals just yet but it’s a great time to start finding deals. Whether you use Craigslist, MLS, or good old “driving-for-dollars”, it’s good to get into the habit of finding deals. You’ll notice where the deals are in your market, what types of properties they tend to be, and by the time you’re ready to get rolling as an investor, you’ll have no problem identifying them and knowing exactly what they’re worth.
2. Get educated
Don’t get down on yourself about your current situation. Consider this time of your life a “paid college experience” in which you get paid to work at your job but you intentionally carve out time in the evenings and on weekends to get educated about investing. The more you know, the more options you’ll have when you’re ready to quit.
3. Practice
Real estate investors need to be proficient in skills like negotiation. Use this time at your current job to practice the skill of negotiation: when you negotiate pay raises, work schedules, conflict in meetings, and even who will clean the office kitchen, you’re practicing an essential skill that you will eventually use on a daily basis as an investor.
4. Build a network
I can’t think of a more important asset to have than a network of people. As the saying goes, “your network is your net worth.” If I was starting out as an investor all over again, I would focus on this daily. I’d network with colleagues; I’d attend real estate investor meet-ups; I’d go where I thought my buyers were hanging out. If you want to accelerate your start as an investor, make it a point to add one quality contact to your network daily"
*About the Author
Kent Clothier is President and CEO of Real Estate Worldwide (REWW), a multi-faceted real estate education company with headquarters in Scottsdale, Arizona, San Diego, California, and Boca Raton, Florida.