Step by Step

As coaches, we talk to students all the time that are excited and ready to dive right into looking for property and making the money that can be made. Though we love the excitement and enthusiasm they have, it’s so important that we take things in a step by step process to make sure that they build their businesses on a solid foundation and are able to accomplish the goals they have set for themselves.
The following is a guide to help you build your business on a strong and solid foundation. And, hopefully keep you from making some potentially costly mistakes.
1- Get a buyers list put together. Even if you have your own investment capital, a good buyers list will be advantageous to you and your business.
2- Get a good Realtor. Don’t settle for the 1st one you talk to that says “okay, I’ll do it.” It is a wiser use of your resources to take the time to really look for the “right” realtor than the “right now” realtor. Call around and talk to a few, then make your decision.
3- Start looking for property. Now that you have your buyers and what they are looking for. You have your realtor. It’s the proper time to locate the property. Remember, you aren’t looking for properties that are move in ready. So make sure you aren’t wasting time visiting places you would want to move right in to. Look for the properties that need some TLC.
4- Make offers. This is where the fear comes in. Make the offer. Remember, your initial offer isn’t submitted for instant approval, it’s submitted to get the negotiations started. Don’t let fear stop you from moving forward. Use the 25 to 1 formula, and the information you have acquired by reading Dean’s books/blogs etc. and make the offer.
It’s a great time to be involved in real estate investing. It’s fast moving and exciting. Enjoy the experience, every aspect of it; just don’t get so caught up in the excitement that you forget to put in place those things that will get you where you want to be the fastest. It’s a fact you can’t go from the 1st floor to the 2nd without steps, hoist or elevator,so make sure you have that in place; the leap alone won’t get you there. But it's required to get you started.
Here’s to success!!