The One Minute Real Estate Seminar
The first real estate investment seminar that is only ONE minute long:
Little things done every day can add up to BIG results in no time. I always have problems in doing too much in all directions for the last 2 years till I finally realized that it was not working out and some kind of change was needed.
My solution was to write 4-5 big things that I wanted to do and do something about each one of them every single day - 5 days / week. On the weekends I would block 30 minutes reviewing what I had done each week and plan the next week. The results have been astounding. Requires a little discipline on my part to block 30 minutes every day to do what I need to do but once you start doing this for couple of days, it starts to run flawlessly.
For example, if you are just starting out:
1. Can you call one realtor every day out of the list you have identified to be one of the top REO realtor?
2. Can you grab the Sundays newspaper and call five ads every day for 20 minutes? I am looking at Detroit News Sundays edition - Real Estate Miscellaneous and Financing Section and there are 15 ads that I would call on right away - other investors / dealpers - just exercising healthy curiosity to find out what these guys are up to?
3. Can you make a list of at least 50 people that you know and call 5 people every day to find out if any one of them know a good smart loan officer?
4. Can you make a list of 5 hard money lenders in your city and 5 hard money lenders that operate on nationwide scale (for e.g.., brookviewfinancial.com) and call one hard money lender / day for the next 10 days.
5. Ask around your own circle on who is interested in investing in real estate - make the ones who are interested as future deal partners?
6. From above list, the ones who have shown interest in investing in real estate - ask them if they have read any books, attended any seminars, workshops, bought any courses - get feedback, lessons learned, experiences gained?
7. Do you know what is your target area? If my goal was to buy and sell foreclosures in Dearborn Heights, MI - I would like to know what is the average selling price of a 3 bedroom house was in Dearborn Heights? What kind of standard features people expect in houses in Dearborn Heights? What is the average selling time for a house to stay on the market? Who are the big realtors in Dearborn Heights?
All easy research that could be found in front of a computer and going to www.realtor.com, forsalebyowner.com, owners.com .
Discipline is required but does not have to boring. I do this but I like the challenge. Finding a good deal is like playing a sport to me. It is fun becuase I have made it fun. You can do it too. It is not rocket science compared to some other avenues of making money.
Point is that instead of feeling frustrated and buying yet another course that will sit on your shelf and collect dust - do something - do something today - do something right now.
The game is for us to lose, if we don't do anything. Spend five minutes before sleep with a writing pad and write down what you did for your real estate business today! If every day you cannot come with at least 2 lines - then you know you are in trouble.
On the other hand, if you can write at least 3 things that you are doing every day then I wait anxiously for a happy email from you when you get your first big fat check. :-)