New Year – 2007 – is here and I think we are supposed to write goals (Yawn!) at this time of the year.

The three biggest goals written every year are:

1. Quit smoking.
2. Lose Weight
3. Make more money.

As we all know that by the end of the second week of January, I am not smoking anymore, I am actually chain smoking as I reach to make sure that my TiVo is tuned to record every single episode of “America Got Talent” and grab the phone to call in pizza – The Meat Lover’s Special, extra cheese. :-)

As far as making more money is concerned – the job that I have right now is good enough. Right! I mean I should be happy I even have a job.

I only have one suggestion- grab that big piece of paper and the fat blue marker and, write or print this sentence and tape it somewhere on your home office / library / den wall where you can see it every day as I do in my home office.

“Money Loves Speed”

For some reason the faster I move, the more money move toward me. I don’t know the reasons but it is what it is.

I am stunned when somebody tells me that they have been thinking about buying and selling bank foreclosures in Michigan for years.

Years???

This is not exactly rocket science – but rather 4 steps:

1. You find a foreclosure with equity. (Michigan is #1 in foreclosures right now in USA – you just have to walk around in the five sub-divisions that surround your own home and you can find a dozen. I live in a subdivision of 45 homes – we have 3 so far in the last 12 months.)

2. You find money to buy it and spiffy it up without using your own money. (Dozens of places in Michigan you can go and get a check to buy the house; fix the house)

3. You need to have the skill to stay away from dogs and pick up a deal that has the equity and potential to sell quickly. Meaning that you probably don’t want to buy a one bedroom condo in the middle of nowhere.

4. You need to know how to setup a system to sell it. Yeah! You would need to learn how to do this part correctly. But once done, a good system will not only sell your first house but lots of houses after that. After all top real estate agents dominate their local markets for a reason – they all have good systems in place to sell their listings. Real Estate Investment in Michigan is no exception. Setup a system; Let it run on autopilot.

But all this is nothing unless you truly believe and practice what I just told you:

Money Loves Speed.

Move fast, get everything done fast and more deals and money will flow to you. There are lots of places in life where calm analytical thoughts should be in place – for example Nora took two weeks to decide what colors she wanted to paint our home with.

Buying a foreclosure – I would say 45 minutes is pretty good to evaluate a deal and make an offer. :-)

Michelle Abraham, one of my Inner Circle members, was telling my members about her first flip. And yes she did as great job of fixing the house etc but the BIG thing that stayed with me throughout her 30 minute talk was the SPEED with which she moved once she found the foreclosure she liked.

Walked into the house – liked the house – go back the real estate agent office – make the offer – make the counter offer – get a $34,900 discount – done within 2 hours.

Whoa!

House gets fixed in 4 weeks – she was complaining about that too. House gets sold. Bought, fixed and sold – first deal all within 89 deal – end result $16,910 check NET PROFIT to her.

And no I am not implying that you should buy the first foreclosure you should walk into without having the skills and the knowledge to evaluate a good deal out of dozens that are available. That is just ignorance and that is bad in all businesses and not just in real estate investment.

My members are like me – pretty conservative in matters of money. We like our money in our bank accounts. Just fine, thank you very much. But that does not means when we find an opportunity we would wait for another 79 hours before making an offer on the property. That is not good business sense but rather laziness.

You get to move fast in your Michigan business – meaning not driving fast to a deal and getting in an accident and getting killed but rather – moving fast mentally.

Here are 7 things we need to do before we buy the house – lets not allocate the next month of January for them – lets try to get it done in the next four hours.

The faster you move, the faster money and opportunity move toward you. We are in January right now – I hope that you are not still thinking about doing a deal in August of 2007!

The time is now. To get big discounts; To find easy money to buy them. Lots of builders are not building big mansions in Michigan any more – good for investors like us who can find great contractors in a hurry (Angies List is a great place to start).

If you are serious about doing this then get moving. Nothing is going to change in February or March or August of this year. Your bank account might be fatter or thinner – depends on what you do now in this month.

I have two members in my Inner Circle coaching group – Marcus Thompson and Dwayne Toler – they are both 19 years old, high school grads. Building a wholesaling business in Wayne County. Tell them they should wait for another 10 or 11 years before they should do something in Michigan real estate. They are going to look at you like you have lost your mind.

See they got it within the first 15 minutes of talking to me that the time to do anything in your life that would change it forever is always now.

Not six months from today. Not 12 months from today. Not two weeks from today. The time is always now.

“Money Loves Speed”

Also if you are serious about starting 2007 on a fast note - I am teaching a 3 day Quick Start Bootcamp on February 23,24,25. You can find the videos / pics and enrollment details right here.)

It is 3 days; no outside speakers - just me teaching one on one;; 100% No Risk Enrollment plus some new bonuses that I just got made for 2007. If you are serious about building a business that you got to come and spend 3 days with me. This is Michigan Real Estate Investing 2.0 and I do put my money where my mouth is - check out the 100% Risk Free Enrollment Guarantee that I have.