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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