Real Estate Investing Jump Start
Attend a foreclosure auction Learn process and terms of the auction Identify what the financial requirements are when purchasing at an auction; which mortgage holder is foreclosing; what happens if a bid is successful; and what are the penalties for non-performance Establish a working relationship with a realtor. This relationship: Can help you obtain property comparisons known as comparables or COMPS Can be mutually beneficial. You can provide leads to the realtor for listings and sales Make business contacts Build your power team of: bankers, title companies, attorneys and accountants Join real estate investment club in your area Spread the word that you are now a real estate investor Distribute business cards Build a referral network Practice completing contracts and agreements Familiarize yourself with the necessary real estate forms Attend real estate Training classes and seminars often Attend with a positive, willing to learn attitude Answers to specific questions Review of your property proposals Writing an offer SETTING GOALS Do you have a target or a goal? Taking responsibility for your actions is a vital element in developing self-discipline. There are some common personality traits that might account for the differences between the "haves" and the "have-nots." The "Haves": Desire/Drive Commitment/Dedication Education Courage Optimism Determination Discipline Experience Perseverance Organization The "Have-Nots": Fear of the Unknown Procrastination Lack of Education Complacency Poor Self Control Fear of Success World of Scarcity Skepticism Low Self-Esteem Hopelessness Never share your goals with anyone unless you know they not only believe you can achieve these goals, but they also want you to reach them.
- Take extensive notes and ask questions
- For hands-on training, inquire about "Mentor Programs"
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