Real Estate Mentoring

There’s no secret that real estate mentoring will help educate, motivate, walk you through a proven system, and guide you in the right direction as you start your new journey for building wealth in real estate. It’s obvious that every successful person has a mentor that helps them grow their business. You rarely ever hear about these people but they are there working hard to help someone get better.

Here are some tips when finding a mentor for you and your business:

• A mentor that has had proven success.

• A mentor that is compatible with you.

• A mentor that is driven to help you, not use you.

• A mentor that can teach you what they know in a way that you understand it.

• A mentor that assists you through all faucets of the business.

• A mentor that doesn’t give up.

Real Estate mentoring is a challenging job because each student comes from all walks of life, different goals, different levels of education and experience. But they all have one thing in common, they want to make money.

My mentor taught me how to look at life differently. He said, Chris, stop worrying about the ending result, which was the money part. He said that I should focus on the task at hand and give 100% effort to do it right. Eventually conquering the mystery of real estate investing. I was taught that you must follow certain steps and execute them in a specific order if I wanted to make money in real estate. Then go out there and start studying people that understand how to market your business.

Once I did this, my business completely turned around. I let go of the thought of making money and focused my time on helping people that were in a bad situation. I soon realized that real estate mentoring was the turning point for me.

Life As A Real Estate Investor

Becoming a real estate investor has been the best decision I’ve made in my entire life. It just didn’t teach me how to make money but how to be an entrepreneur. Having to make business decisions without being told how to do it and when to do it. I’m constantly learning the key elements that make a successful real estate business.

I started my business no different than the next guy.  After several books, tapes, seminars and late night TV gurus, I was totally confused and had no idea how to invest in real estate the RIGHT WAY without using any of my money.  I didn't let my confusion stop me, so after fumbling around, looking in the wrong neighborhoods and writing contracts wrong, I found myself looking in the mirror saying, I’m struggling getting ahead and that I was now in the same position that most people are in. Get up, go to work, get off, and watch TV. Get up, go to work, get off, and watch TV. The same old routine of just surviving.

It wasn’t until I started seeking advice from seasoned investors, putting the pieces together bit by bit, to discover what made these guys really successful. How they avoided the pitfalls and actually made money. I discovered there are 10 Executable Steps from start to finish that when followed, will ensure a successful close.

Now, Armed with what I call my 10 Executable Steps, I decided to give my 2 weeks notice, and let me tell you – my mom freaked out! But I packed up and moved to Texas with my brother, so there was NO Plan B. I took this theory and put it to work. I continued to follow these 10 Executable Steps with every deal I did. By the end of my 2^nd Year, I had 46 deals under my belt, and the rest is history. I’ve owned single-family homes up to commercial, I have owned and operated 14 real estate companies and have helped marketed over 70 Real Estate Investment companies across that nation.

Here are some key points that make up a successful real estate investor:

·      Find a mentor that can actually teach you this business.

·      Always invest in yourself, not a new sports car, new furniture or clothes. Keep educating yourself on real estate and how to market your business.

·      Get comfortable with being uncomfortable. Take risks and challenge yourself. Get out of the same old routine of get up, go to work, get off, and watch T.V.

·      Just do the opposite of most people and you’ll be ok. You can’t follow the majority if you want to become a successful real estate investor.

·      Be creative with your marketing. Marketing your business is by far the most important thing you should focus on if you want to become rich in real estate.

·      Never give up. Failure is never an option. Too many people never realize their full potential because they settle for less and quit just before their big break. Learn from your mistakes to make your business grow. Look at mistakes as just a learning lesson of what not to do.

·      Learn how to execute your business with a series of fundamental steps from A-Z. Learning executable steps will teach you how to put the pieces together in a specific order to ensure a successful close.

·      Believe in yourself because nobody else does. Any time we start something new, everyone voices their opinion about why you shouldn’t do it. I have heard this all my life but I used it to motivate me to prove them wrong. Picture yourself as though you’ve already arrived.

·      Write down your goals and study them ever day. You can’t tell me that your goals are in your head, write them down. Read them every morning and every night.

·      Develop a business plan on how you will reach those goals. Start off with short term goals and then the long term goals. Set priorities to keep you focused on the task at hand. Keep in mind that your goals can change, but write them down and how you will reach them.

·      TAKE ACTION! Nothing happens by accident. Things happen because people take action.

Most people are scared to start something new; it’s normal. I think you should have a little fear with anything you do. One of the fears I had when I got started was to think that if this didn’t work, I’d have to go back to a job. I took that fear and used it in a way that it motivated me to take action. Being a Real Estate Investor has been more than I’ve ever expected it to be. I’m so glad that I didn’t listen to those negative people and followed my dreams. I hope you will do the same!

Real Estate Investing

Here is some basic real estate investing information that walks you in steps. Evaluating leads and what to look for:

       1) Location
       
        The location of the property will usually determine what techniques you can use. Generally, Ugly Houses = Wholesale or Retail. nice Houses = Options, Lease-Purchase, or Owner-Financing. Here's what to look for:

• Ugly homes in need of repair
• Properties in appreciating areas.
• Properties that have easy terms.
• Properties with seller financing.
• Properties located in high rental markets.

       2) Real Estate Bargains:

         No matter what technique you use, you want to find good bargains. The better the bargain, the more you profit. Real estate bargains are usually the result of highly motivated sellers.

        3) Motivated Sellers:

          Motivated sellers are sellers that are in situations they need help with. Usually their property is the problem. Motivated sellers make good real estate deals for us. be sure to write down all real estate investing information about the home.

        4) Gathering Information:

         Gathering information will help you stay organized and give you the best possible analysis of a property. Be sure you have a property Research Form, Property inspection Sheet, and an All Cash Offer worksheet. Other information you will need is Repair values, qualifying the seller, and financing. Use all necessary information that can help you with your buying decisions. You will profit when you buy and realize it when you sell.

        5) Contracts:

         Your contracts must be bullet proof. You will find several contracts in our workbooks. You should always consult your attorney before using them. There are several factors to consider when using contracts. please refer to the appropriate workbook for each technique.

        6) Use other people's money (OPM)

         Whenever you can use someone else's money, you have tremendous leverage. The seller will still receive what you have agreed upon. Here are some ways to use other people's money:

• Banks
• Other Investors
• Friends
• Subordination Technique
• Substitution of Collateral Technique

        7) Closing:

          As the buyer, you can choose a Title Company to close your real estate transaction. A Title Company researches the title for any defects. They will then close you deal and give you title insurance.

There's a lot of real estate investing information out there, but follow these 7 basic steps t get you started in real estate.

Wholesaling Real Estate Legally

Make Money in Real Estate

"How do I Make Money in real estate?" This is always a big question beginners ask. I think the biggest question should be, "How do I take action with what I've learned?" Something we get so caught up with trying to make money and what winds up happening is that you don't. And because you're not making money, this puts you in a bad mood and because you're in a mad mood, you cant make any money. When someone questions me about making money in real estate, this tells me that they're questioning their confidence that they can make money in real estate. But, I don't blame you; I was in your shoes before. I know what you're going through. We get so overwhelmed with information, that is becomes confusing which lowers our confidence. You end up telling yourself that it's too much information and it's not for me.

If you want to make money in real estate, then we must identify the some key points:

• The first point I want to make is that most people become info junkies. meaning that you get so immersed with information. Thinking that you don't know enough about what you're doing.
• Not every real estate expert can teach real estate. Just because they've done 100 deals, doesn't mean that you can. You must find a real estate expert that can teach you in a way that you can understand it, so you can go out there and build some confidence.
• Take Action! Take what you've leaned and put it in motion. Otherwise, nothing will change.

there should be no doubt that you can make money in real estate so get out there and ind the right teacher. There experience, who they are and how many successful students they. People have always made money in real estate and there will always be an opportunity in this business because houses and businesses aren't going away anytime soon.

As I always say, you can either make money or excuses, but you can't make both.

How To Invest In Real Estate

There are several ways to invest in real estate with single family homes, condos, multi-family and commercial. But before you can invest in real estate, you must answer a few questions.


                           1) Do you have cash or access to cash to buy real estate?
                           2) Are you looking to replace your current income?
                           3) Do you have great credit?
                           4) Are you just looking for cash flow?
                           5) Are you looking to build long-term assets?


IF your answer to question number 1 was no, then you can only focus on a few strategies like wholesaling, lease-options and seller financing. Once you generate some income, you can move into other real estate strategies.


If you answered yes to the second question, I would be focusing on wholesaling, lease-options and seller financing.


If you answered yes to question number 3, I would be focusing on the real estate strategy retailing.


If you answered yes to question number 4, I would be focusing on lease-options and seller financing.


If you answered yes to question 5, I would be focusing on seller financing and retailing.


How to invest in real estate really depends on your goals and finances. First write down how much money you could use to invest in real estate. Second, write down a list of people that have money and would like to invest in real estate. If this equals $0, then you cannon focus on retailing/fix and flip. You will find yourself running in circles doing nothing. If you do have some money to invest, start with the foreclosures since there everywhere and you may wind up finding a great deal.


Answer the questions above truthfully and you can't say yes to all of them. I want you to pick one of two to start. this will untimely determine how to invest in real estate.