Visions of Success in Real Estate Investing

I was at the beach the one day this past summer, watching a group of kids playing a game of wiffle ball. One of the things I was struck by was how they saw themselves. The kids did not see themselves as Connor, Matthew, or James. Rather, they saw themselves as something greater, they saw themselves as their heroes: Albert (Pujols), Ryan (Howard), and David (Ortiz). While this is not at all uncommon among kids, it is something we lose as adults. Instead of acting with the boldness of our heroes, we become cynical. Sure, we disguise it with clever sounding phrases such as ‘growing up’ or ‘maturing’. However, in doing so, we lose the free-spirited idea that we can accomplish or become anything. Yet how much has this ‘maturing’ cost us? Personally I have missed opportunities to make several millions dollars because of it. I missed these opportunities because I believed that great wealth was not something I could achieve. It was not until I began to have a vision of success in real estate investing and could see myself achieving great wealth in my mind, did I actually begin to achieve it with money in my pocket. If you are having trouble achieving your goals, maybe it is time to examine how you view yourself. Do you ’see’ yourself doing great things, or are you trapped by a lack of vision? Our limits are always that of vision. To achieve greatness, you should not spend all your time looking at how you are now. Instead, focus on ’seeing’ what you want to become.

About the Author

David Schneeweis is the founder of Direct To Success, a personal coaching company. David has worked successfully with entrepreneurs, athletes, students, and others to help them improve their lives, achieve success, and reach their dreams. If you would like more information or to sign up for his free newsletter visit http://directtosuccess.com

8 Steps From Searching The Net To Doing Online Real Estate Investing

Does this sound like you? You’ve gone to craigslist.org, you’ve gone to realtor.com, you’ve looked at some of the beautiful homes on videos online, you’ve sent off some emails to realtors and owners; But, you still get cold feet about real estate investing. Part of you desires to make money in real estate. But, you’re tired of going through the same ritual and not following through. Here are some steps to move you out of your comfort zone.

First , you must realize that some of what you feel is real. Fear is real, skepticism is real. Often these feelings aren’t overtly apparent but are manifested by your inaction and “living out your dreams in your head”. The only way to move out of this zone is to take baby steps(but only for a while). Once you take a few steps your confidence will improve. Let’s begin.

To get over your fear of dealing with realtors, you will need to realize there are good and bad realtors in both small and large real estate companies. You will also need to realize that some realtors online do exploit those who are ignorant to real estate. But there are good realtors online as well. And the key is to find them.

Good realtors, just like you and other people in business, value their time. They are good realtors because they create quality time with their clients. Their clients appreciate the service they provide. If you want to become one of those clients, which is essential to building an investment strategy, you will need to do a few things.

First: Decide on what your goal is in real estate: do you want to move slowly? do you want to invest in several homes or just one begin with one ? how many homes would you like to invest in per year? or are you still at the stage where you only know a little and need help knowing what a realistic investment strategy is for you? Wherever you are: write it down. Wherever you want to be: write it down. You’ll be sharing this information with the realtor.

Second: Be honest about your strengths and weaknesses: are you ready, willing and able to invest in real estate? if so why haven’t you done it? write it down. If you’re afraid, write it down. If you lack money or have bad credit, write it down: You’ll be sharing this information with the realtor.

Third: Keep an open mind(Zen buddhism has an apt term called “beginners mind”) When you talk to the realtor listen to their words of wisdom. Stay aware of your feelings. Do you like this realtor’s ideas and input? Trust your intuition. Stay focused. Be humble . Be open to their advice. Trust your feelings and use your common sense.

Fourth: Demonstrate your commitment to working with one good trustworthy realtor. If you’ve followed the third step you will know who that is. Your commitment is shown by staying loyal. Most people run from one realtor to another: using these realtors to show them so many homes, because the average realtor can’t spend all day with you .(Realtors are aware of this strategy so don’t do this. It destroys your credibility.

Fifth: Think of working with a realtor as finding a partner to joint venture with, and also as a mentor who knows more than you do about the business. Take wise advice. Be aware: wise advice will benefit both “you” and the realtor.

Sixth: Realize that one realtor you trust is like money in the bank. Overtime, they will make your investing career easier. You will develop a trust for their decisions and advice. One more thing: if there is any property you want it only takes one realtor to access that information for you: because realtors can find access to all properties through Multiple Listing Services and share commissions with other realtors.So you need not feel that you must search out different realtors for each geographic area.

Seventh: Although email can instantly get you some type of information;it is only a first step. But, you’ll need to reach out and touch your realtor: the best way is through the telephone or face to face . You could email them first, better yet: call them and share those notes you jotted down.

Your first call could go like this: Mr. Williams my name is ——-and I saw your website and I want to find a realtor I trust to work me with on a real estate investment strategy. Do you have time in your day to talk to me, to mentor me, to help me find the right properties for my goals? I think I want to find a good deal to meet my income range and I’d like you to help me find the best location for my money. My credit is ————– but I’m ready willing and able to take your advice as to the best I can buy given my situation. If you don’t think I’d be a candidate for property investing, could you tell me why and what I can do to improve my situation? (STOP and LISTEN) Here is my address, phone number, email and would you add me to your mailing list and could you even send me some homes you think might work for me from your access to the multiple listing resource? When can I talk to you again so we can go over a strategy because I’m really dedicated to learning all that I can and to find out what resources you have available to help me with my real estate investing goals .(STOP and LISTEN)

Last Step: Relax and exhale. You’re on your way to becoming a real estate investor and finding a realtor partner who is looking out for you. If you have any other questions, comments or want advice please write or call me and I’ll answer.

Real Estate Investing - It Takes A Team

Real Estate Investing - It Takes A Team Submitted By: Chris Parks

That’s right, Real Estate Investing is a team sport, and if you want to be successful, you will have to build a strong team. No matter how badly you want to, you can not do everything yourself. You just will not have the time or expertise. As new Real Estate investor you need to begin thinking about who you want on your team. Get referrals from other Real Estate Investors and Real Estate Mentors. It is best to select people who have some type of Real Estate investing experience. Also, it is extremely important to not have teammates who tell you this can not be done. You need only supportive team members. Surround yourself with link-minded people; negativity will get you no where. You will build your Real Estate Investing team over time, not overnight. Sometimes it will be by trial and error. Yes, in some instances you will have to pay your teammates, but if you have chosen wisely you will get your investment back many times over. To build a successful team you need to build a relationship with many different individuals. Choose your teammates wisely and they will help you reach the Real Estate Investing dreams that you so desire. Your Team Should Include… Your Spouse/Significant Other Support at home is critical. Your Local REIA In order to associate with like-minded Real Estate Investors and local Entrepreneurs, it is essential that you find a REIA to attend in order to network with fellow Investors. Other Real Estate Investors Other Investors are a major player on your team. You will seek their advice or input often and they will be able to provide referrals for many of your other teammates. Real Estate Attorney Select an attorney that is familiar with creative Real Estate Investing. Accountant You want a certified professional keeping your books, preparing your financial statements, and advising you on tax issues. Make sure they also understand creative Real Estate Investing. Title Insurance Company Title searches and closing are often done by Title Companies. Note that in some areas it is common for attorneys to do these functions. Insurance Agent Insurance will be needed for all properties that you buy and hold for whatever reason. Not to mention liability insurance. You will also probably want an all-encompassing umbrella policy to protect you and your business. Again select an agent that is familiar with what you do. Real Estate Agents Yes, you want Investor friendly Real Estate Agents on your team. It will probably take some time to find a few, but they are worth their weight in gold. Make sure the relationship will be mutually beneficial. Mortgage Broker If you need to help a tenant owner get financing, a mortgage broker can come in handy. They can start early in the process and try to get your tenant owners a mortgage to cash you out. Have several different companies at hand. Get referrals and stay on top of them throughout the loan process. Inspector Eventually you will become pretty good at inspecting structures, and systems but until then use a professional. A wrong evaluation can cost you thousands. Licensed Contractor This is the best person to estimate repair costs. While an Inspector can spot things that need to be repaired, your contractor can give you accurate labor and material estimates. Appraiser Again, you will eventually get very good at this, but have an appraiser on your team as you will need help in the beginning. Notary Public (Mobile) Some documents have to be notarized and you do not want to wait until the next day when a Motivated Seller is ready to sign your contract. Having a mobile notary on your team allows someone to meet you right at a property. A Few Others to Take Care of: ? General Handyperson Work ? Demo and/or Hauling Junk ? Plumbing ? Electric ? Termites/Pest Control ? Roofer ? Painter ? Carpet/Flooring I think you get the point. And if not, do not worry because once you have a Real Estate deal in hand, you will quickly figure out if there are others that you need. Article Tags: estate, real, team Tags: Accountant, Creative Real Estate, Dreams, Fellow Investors, Financial Statements, Instances, Local Entrepreneurs, Nbsp, Real Estate Investing, Real Estate Investor, Real Estate Investors, Real Estate Mentors, Referrals, Reia, Successful Team, Supportive Team, Team Members, Team Sport, Teammates, Trial And Error Next Page » eNews & Updates Sign up to receive breaking news as well as receive other site updates! 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