The life of a real estate Flipper!
I think when we all started in buying and selling houses at a rapid pace – selling if you may – we always thought that was the end of it all. You know that is all we are going to do for the rest of your lives. Find a deal, make it happen, sell it and collect a big check. May be move into bigger houses later in the stage but keep it doing it, over and over again.
That is not to be – if you figure it out on how to be blatantly successful in doing the above – which is not really that hard and requires putting some good systems in place – then you will quickly discover that what we all started doing is really Phase I in our business and not the end journey.
Two things will happen as you become good at it and money starts to flow in – First, more opportunities will come your way, all kind of opportunities; in any given month Nora and myself and approached to open a fast food restaurant , a wine bar, buy a franchise, finance a clothing line; you name it and I can probably think of someone who has approached me for doing one.
Second, and this is more powerful than the first one – you begin to realize the power and potential of real estate and how buying and selling single family houses is only, believe it or not, the tip of the iceberg. Really just the key to unlock the door.
To anybody who is starting and about to do their first deal in the next 90 days – I say, Welcome! You have no idea what is in store with you in the next 24-36 months. I am certainly amazed looking at the magnitude and deals that I am working on – big, ambitious, fun projects – still doing single family houses but now they have become the kindling and the fuel to lit up the fire in my business.
That is why it is so important to write your goals for 2005 for your real estate business. I am severely tempted to post my own goals here and I might before the year is over. But here is another side benefit of writing and tell other people of your goals.
One it creates accountability, second you never know who else in your group might jump up and help you hit that target. We had this discussion in a Apprentice group session last Friday where I suggested that at minimum they should very vocal in expressing their goals on their website.