Tag Archives for " real estate investing "

The Real Estate Investing Advice You Need

By Andrew John Cocks | Muskoka Cottage For Sale

Too often, people jump into the real estate market without doing enough research and end up losing their investment. But this article will help get you off to a great start with your investments. Continue reading in order to find out good information pertaining to real estate investing.

Do your own research and analyze the real estate market before you invest your money in a property. Check around 100 properties, and make a spreadsheet with notes. This will make it easy for you to weigh the pros and cons of each property. This will help you figure out which deals are the best.

Real Estate

Put in the time to learn the business as much as you do practicing it. If you want to make money, you might have to cut something out of your life. To become a success, you may need to cut out golf games or long vacations.

You should decide early on about what types of real estate you want to invest in. Maybe you want to flip real estate. Perhaps, you are more suited to rebuilding and extensive remodeling projects. You will need to learn the basic skills regardless of what you choose.

Dedicate some of your time to learning what you need to know as well as running your business. This might mean that you will be cutting back on certain activities in order to make more cash. Become a better real estate investor by dedicating yourself to the task.

Stick with a niche that you feel comfortable dealing with. You will find more success by focusing your energies on a particular type of investment. No matter if you flip home or have properties with cheap down payments, use what you know to succeed.

Get to know others in the real estate market. It is essential that you connect with those who have more experience in order to get good advice. It’s also handy to have friends in the business to consult when issues arise. You can find plenty of investors on the Internet. Try joining some real estate forums to engage meetups.

Location is an important part of real estate investing. The condition of a property can be corrected; however, the location cannot be changed. Properties in areas that depreciate rapidly usually result in bad investments. Taking your time to research the area the house is located in can help your investment to be successful.

Real Estate

Real estate investors fundamentally want to buy properties and resell them for profit, and by heeding the tips you have just read, this goal is entirely achievable. See to it that you continually study the market and you’ll see your portfolio take off. You will find success if you apply yourself with your real estate investments.

Choose popular, well-known locales that will pique the interest of potential clients. You want to do this so that you will get the most value for resale purposes. It’s also a good idea to look for properties that don’t have high maintenance requirements.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Real Estate Listings?

Commercial Property May Be Easier Than You Think

By Andrew John Cocks | Muskoka Cottage For Sale

Commercial real estate investing has a number of enticing elements about it and various reasons to draw your interest. Make sure, however, that your decision is based on sound reasoning and a solid understanding of the market. When you glean knowledge from various sources, you can make a lot of money using commercial real estate. These tips are a great source for learning more about commercial real estate investing.

Take photos with a digital camera. Your pictures should portray any damage or defect in the property. Common things you should look for include any cracks or holes in walls, and damages to the carpeting.

When you are shopping for a commercial property, be sure to confirm that you will have access to utilities. You are going to need to sign up for utility services on your commercial property, along with the ones you have at your business.

When diving into the world of commercial real estate, it is important to stay calm and be patient. Don’t enter into any investment opportunity without doing the proper amount of research. You could end up finding that the property falls short of your total goals, making it a regretful purchase. Be patient, as it could take as long as a year for just the right investment property to turn up.

Look at the surrounding neighborhood before you decide on purchasing a specific commercial property. If you buy property in a very affluent area, your business will likely be successful, because your clientele will be better able to afford what you are selling. Or, if you are offering a service particularly attractive to the less wealthy, you should purchase in a less well-to-do area.

Try to carefully limit the situations that are specified as event of default criteria prior to executing a lease for commercial property. This can decrease the chances of tenants defaulting on that lease. You want to avoid any circumstances that could lead to this occurrence.

Before placing your commercial property on the market, you should take the time to have it inspected by a professional inspector. Repair any problems that the inspector finds immediately.

You may find that you spend a large amount of time at first on your investment. It can take a little time to find a property worth purchasing, and you also may have to make necessary repairs. Even though this work takes time, don’t lose heart! The rewards you see will be much greater at a later time.

Commercial Real Estate

As has already been stated, there are various reasons for considering a commercial real estate investment, some of which require an education on the subject. If you apply the advice you learned in this article to your own commercial real estate endeavors, you will be well on your way towards maximizing your profits.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Luxury Cottages In Muskoka?

Learn What Real Estate Investing Is All About

By Andrew John Cocks | Muskoka Cottage For Sale

So many people would like to make additional money through real estate investing, but end up losing everything because they went into it without the right knowledge. Fortunately, this article will show you how to invest the right way. Continue to read to become smarter in your real estate investment.

Prior to investing in real estate, do your research. Doing your research and educating yourself is an important part of investing in real estate. Buy educational DVDs, check out books from the library, and learn everything you can so your are in a great place before you begin.

Speak with people who share the same vision as you to gain helpful information. Many people make a living from investing in real estate. It is so popular, local business communities have groups that focus on this specifically. If you cannot find a location near you, simply look online for forums and communities. You need to become networked so that you can learn from those people.

Learn from like-minded people. There are several people who are interested in finding out more about real estate. There are so many people in it, which has created lots of community businesses focused on it. If not, check the Internet for investor forums. Learn everything you can from your peers.

When considering retail or industrial investment properties, remember two guidelines. The number one rule is never pay more than the land itself is worth. Second, don’t overpay for the business. Separately look at how much the property is worth, as well as the amount of rental income that can be expected. If the numbers are good, then it’s a good buy.

Listening rather than talking is the key to negotiation. When you do the talking, you may negotiate backwards. Also, because you are listening, you will catch the right moment to strike for the price you seek.

Real Estate

If you are looking to invest in real estate, you should think about how much time you can devote to managing your property. Problems with tenants can waste a lot of time. Before it becomes overwhelming, it can be a smart choice to get the help of a company who can handle property management for you.

Educate yourself fully on the essentials of real estate investing before you spend a lot of money on a property. Real estate losses can be high, so it pays to proceed carefully. Investing in the training needed is something you should do to be sure you’re protected.

When you invest in a property that you wish to rent, be wary of whom you choose as tenants. Ensure the tenant can pay a deposit and the first month’s rent right away. People who can’t do this will probably also be unreliable for rent. Look for someone else.

Factor in the ability to rent out the home that you buy when you are projecting what a home is worth. It is possible for you to earn quite a bit of money during the year when you find tenants to rent your home. When you are ready to finally sell the property, you can realize a much greater return on your investment.

Do not make the assumption that property values always increase. It’s dangerous to think this for the market or for a single piece of property. Protect your investment by choosing properties that are likely to quickly generate a profit. Property value appreciation will help you invest in future properties.

If you are planning to do home improvements with digging involved, make sure you find out where lines, if any, are buried In certain areas, it is considered illegal to dig, and you don’t want to cause any property damage.

By using the advice you have just read, you can improve the odds that you will earn a profit from investing in real estate. Stay on top of new information to keep your investments profitable. This will increase your chances of success.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Real Investing Tips That Are Guaranteed To Work

By Andrew John Cocks | Muskoka Cottage For Sale

As an investor, carefully consider each move. One big mistake could make everything fail, but that shouldn’t be something that scares you off. This article will help you learn how to become successful.

Do your research before you start investing. You must learn the different strategies that are involved in this business. Read articles and blogs that educate you on the topic.

Determine which sector of real estate excites you. You might find flipping ideal for you. Maybe, you want to take on a project from scratch. The work involved is quite different, so it’s important you choose wisely.

Don’t invest in real estate until you have talked to an appraiser or realtor. A seller might pay for the inspection, but can you really trust them if they use someone they know? Get a report from someone that is neutral.

Find an area of real estate investing that appeals to you, and stay with it. Limiting yourself to one market segment makes it easier to learn the necessary skills. Whether you are flipping houses, working with starters or dealing with properties with low down payments, stick to what you know for success.

Real Estate

Location is the key to any real estate investment. Property condition must also be considered. If you invest in an area that is depreciating rapidly, you can count on losing your money. When buying real estate, make sure you check out the property value and area.

During a negotiation, always listen more than you talk. You might be surprised to find most people do the negotiating for you if you sit back and let them. Also, when you listen carefully, you will be able to pinpoint the time when you can grab the exact price you are looking for.

Rising property values are not always a given. Sometimes, you will lose money, which could cost you a lot. The most reliable investments are the ones that will give you a cash flow almost immediately. Any appreciation in property value is just going to be a benefit to your income.

Join an online investor group or follow forums and blogs from highly successful investors in real estate. These options will deliver great information that will be invaluable in building your investment strategies. An online investment group allows you to speak to other investors.

Do not purchase ridiculously cheap real estate. It may be difficult to sell, even after extensive remodeling. Spend some more to make sure you get something people will be interested in.

Choose something that has the potential to increase in value. For example, a waterfront or commercial district lot will have more future value for you. Take all factors into consideration when projecting rises in property value.

Having a good handyman will facilitate the process when you buy an investment property. Otherwise, you may end up spending lots of money getting repairs done. This handyman can also be on call for problems after hours that the new tenants experience.

Avoid digging around that property and doing home improvement until a person is contacted that can let you know if any lines are buried beneath the property. In some places, it is illegal to do any kind of digging and you also don’t want to damage the property.

Get your money back on your property, and then some. If you invest in any property that only returns your original investment, you’ve lost time. Make a list of property renovations, do them, and then list it for higher than the costs of the renovations and property purchase.

Don’t buy real estate investments that are sub-par. Even a tempting price can leave you stuck with a property for extended lengths of time due to no buyers. Spend more and you will get more.

Real Estate

When you have some idea what good strategies are to make sound decisions, then investing in real estate is a lot simpler. The less you know, the harder real estate investing will be. Use the things you’ve learned, and pick up information along the way in order to make money in real estate.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Winning Ideas For Real Estate Investing Hopefuls

By Andrew John Cocks | Muskoka Cottage For Sale

You need to know the facts before you start into real estate. This piece is intended to provide knowledge that can prevent you from incurring serious losses. Take some time to read it to better your chances of success!

Have a professional inspect real estate before you buy it. Some sellers may try to cover the inspections, however, they could choose someone that likes them. Instead, choose a neutral party or someone you trust.

Real Estate

You need to decide the type of real estate you want to invest in prior to beginning your adventure. Perhaps you are best suited to buying and flipping properties. Or perhaps, you prefer to take on rehabs and build from the ground up. You will need to learn the basic skills regardless of what you choose.

Location is an important part of real estate investing. Other factors, like the condition of the property, can be remedied. You’re likely to make a bad investment when you buy any property in an area that is rapidly depreciating. When you’re trying to buy real estate you’re going to want to make sure you look into the area and what the value of the properties are.

You want to become familiar with a neighborhood before investing in properties there. Location is critical, and it is also essential to understand relevant zoning regulations. Speak to neighbors and get an idea about how quickly properties are rented in the area.

Make sure that you are buying local properties. This will be beneficial to you if you know the neighborhood already. You will be able to know what is going on at your rental property if you live nearby. This will give you more control during the investing process.

If you want to invest in real estate, you have to be committed to the process. You must budget your time wisely if you want to make good profits consistently. You might have to give up a night of bowling league to spend time improving yourself as an investor.

Avoid using your emergency fund for real estate investing. You must understand that investing in real estate can tie up your money and spread returns out over periods of years and years. You do not want your daily life affected by this long-term turnaround.

Don’t buy simply to build on the number of properties you own. While many investors choose this route, it’s not always the most beneficial way to conduct business. Do your homework and research on the subject. This will help you to succeed in the long run.

Try working well with others. Don’t look at your peers in the market as competitors, and attempt to work together. This would let you share client lists and other resources, and you may even be able to pool your properties for sale. When you help each other, you build a larger, happier clientele. This is the key to building good will and expanding your networking possibilities.

Picking good, well-known areas is usually a smart way to go. This is particularly important, as you can have the most resale value possible. It’s also a good idea to look for properties that will not need a lot maintenance.

A foreclosure listing service will keep you up to date on foreclosures in your area. This can save you the time and hassle of contacting area courts, agents, and lenders. These are often up to date for easy searching.

Hopefully you learned about the real estate market. You definitely need to spend time figuring out the best deals in order to achieve the proper results. If you start now, you will see results quicker.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Real Estate Listings?

This Article Contains A Plethora Of Data Related To Real Estate Investing

By Andrew John Cocks | Muskoka Cottage For Sale

A lot of people are successful in real estate investing. Usually, this is because they did their research. If you would like to join their ranks, you need to read the tips below. Read them, and use them to begin!

As with any investment, you should do research, analyze the risks and invest wisely. Look at between 50 and 100 properties in a location you desire, and create a spreadsheet with each one. Things to look at include repair budgets, expected rent, and current prices. This helps you figure out what deals are good.

Do not neglect to consider the various sunk costs that increase the amount you have to spend on a property. You also need to factor in costs for closing, staging and legal matters. Think of margin costs and put them in the line item list.

Before you begin investing, take stock of the market and do your research on properties. Select a location, pick out a number of properties, and then go inspect and compare them. Things to list include current pricing, projected rent earnings, and repair budgets. This will help you sift through the deals to sort good from bad.

There are a couple of things to consider when purchasing property. First one being that you don’t want to spend too much on the earth. Secondly, don’t pay too much for the business. Try looking independently at physical properties as they are, and the type of rental income that can be expected from your business. It is important that both of these numbers provide a good deal for you.

When negotiating deals, take the time to listen, rather than doing all the talking. People who talk a lot can negotiate against themselves. By listening, you are more likely to get a better deal.

Look for a property that is going to increase in value. For example, a waterfront or commercial district lot will have more future value for you. Understand that the price will fluctuate based on the work that you put into the property.

Speak with people who share the same vision as you to gain helpful information. There are a lot of people out there that want to get into investing in real estate. So many people, in fact, that there are many community business groups that focus solely on this passion. If there aren’t any near you, you can find forums online where other investors hang out. Join up and learn what you can.

Be certain the amount of rent you can collect on a rental property will make your mortgage payments. When you do this, you’ll be making better choices. Nothing is worse than having to come up with money out of your pocket for the monthly rent because your renter’s monthly payment doesn’t cover it.

Real Estate

Now you have the necessary information about investing in real estate, so take the next step and get started. If you don’t put these good tips to use now, it will become hard to really succeed at real estate investing. You will see the rewards when you use them properly.

If you are considering real estate investment, then you need to consider just what kind of personal time you are willing to put into property management. Tenant problems can be extremely time consuming. Get a management company to do the dirty work for you.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Tired Of Searching For Answers Regarding Real Estate Investing? Find Them Here

By Andrew John Cocks | Muskoka Cottage For Sale

Investing in real estate could seem glamorous. Many people have heard about flipping homes. Television networks often cast the “flipper” lifestyle as very glamorous. Still, investing in real estate is not quite as simple as it may seem from the advertisements you may see. You must know what you need to do; that is where this article comes in.

If you are comparing industrial or retail properties, consider these two guidelines. You don’t want to pay too much for the land. Second, do not overpay for any business. Separately look at how much the property is worth, as well as the amount of rental income that can be expected. You need to be sure both numbers are good before you buy it.

Spend more of your negotiating time listening than talking. People who talk a lot can negotiate against themselves. Actively listening will help to ensure that you get the greatest deal possible.

Always get an inspection before buying a house. Sellers who pony up their own inspector may be using someone who will favor them. You need neutral inspections or reports from a person that you can trust.

Real Estate

Join an online investor group or follow forums and blogs from highly successful investors in real estate. This will help you learn useful strategies. Often, real estate professions are willing to help newcomer to the industry and you can build your network of contacts, in this way.

When thinking about buying real estate as an investment, make sure that you will get enough from the rent to cover as much of the mortgage payment as possible. This will help you get moving in the right direction. There is nothing worse than paying out of your own pocket because a renter is behind.

As you look for investment properties, seek those that are likely to grow in value. Properties near business districts or water can earn you a lot of money. Think about long-term pricing and estimate the projected rise in value to determine the prospective value to be had.

Always take a look at an overall community before investing in a specific property. Great neighborhoods are always high in value, but shaky ones can be a risk. A property’s value is very important, but the location can often be even more important.

When figuring out a home’s value, consider how easy it would be to rent it out. You can end up with thousands during a year for just renting out the home. Then you could resell the house for a bigger profit later on.

It is wise to have a capable handyman who charges reasonable prices available if you’re buying investment property. If you don’t, costly repairs may have a negative impact on your cash flow. A reliable handyman can also address any emergency repairs that your tenants may spring on you at night.

You always want to look at every different aspect of any neighborhood you’re considering purchasing a home in. If it is a good neighborhood then chances are the value will remain high, but property in a bad area could end up being a bad investment. The location is a very important thing to consider.

Figure out what your time is worth when investing. Are you getting into rehabbing properties but aren’t factoring in the manual labor time? Would you be better off looking for a less time consuming opportunity? If there is a chance to outsource the labor, do it. It’s definitely worth it to give you more time for the important things.

You may want to consider a company that specializes in managing properties. Although it’ll cost some of the profits you make, it can be well worth it. These companies will help you find decent tenants, and also take care of any damages. That frees up your schedule to focus on finding more investment opportunities.

Think about stepping outside your comfort zone and investing in both residential and business properties. You can make a large amount of money from clients who establish their businesses in your center. Business parks or strip malls are great options. This allows you multiple options for your investment dollars.

Think about using a management company to help with your properties. Even though you have to pay for it, the services are worth your investment. A property manager can screen potential renters and take care of repairs. This gives you time to find other properties to invest in.

Real Estate

There is a science to investing in real estate, it is not all feelings. Stick with the facts, and apply the tips you have learned in this article. Stay cool, think smartly and you can be successful with real estate investing.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Learn What Real Estate Investing Is All About

By Andrew John Cocks | Muskoka Cottage For Sale

Starting a real estate investing career is something many people would love to do. But wise investors know the importance of doing their research before jumping into the market. Read on to learn some of the most recent and most accurate real estate investment tips.

You need to become educated in real estate prior to investing. Doing research allows you to gain helpful methods and tips to use. Watch videos, get books from the library and search the Internet for all you can about investing in real estate to better your position.

Learn from like-minded people. There are lots of people that invest in real estate. So many people, in fact, that there are many community business groups that focus solely on this passion. There are many online groups, as well. Join these groups and learn all that you can.

Before investing in real estate in any form, you need to do your research and analyze the market. Review 50 – 100 properties in a given area, and use a spreadsheet to document the info. You should look at prices, anticipated rents and repair budgets. This will help you figure out what the good investments are in that area.

Real Estate Investing

Find an area of real estate investing that appeals to you, and stay with it. You can have much more success at real estate investing if you stay focused within your market niche. No matter if you flip home or have properties with cheap down payments, use what you know to succeed.

There are two main guidelines to consider when entering the industrial or commercial real estate market. The first thing is to never pay a premium for dirt. It’s also important to make sure that too much money isn’t spent on the property. Look at the property values yourself and make sure the value is what you expect. You will need to have both numbers working for your particular situation.

When considering a prospective property for investment purposes, try to chose something that will increase in value. A place by a business district or that’s near water, for instance, may mean you’ll make more later on. Think about how much the price is expected to appreciate to get a better idea of if it will be worth it.

Be certain to choose regions that have good reputations and where lots of people want to live. This is particularly important, as you can have the most resale value possible. Also, try to find properties that are easy to maintain.

When buying real estate, it’s a great thing to have an affordable and trustworthy handyman by your side. If not, your positive cash flow could be spent on tons of expensive repairs. A great handyman is helpful in emergencies that could occur after hours.

Keep your cool in the beginning. Getting the first deal done can take longer than expected. Perhaps no great properties are on the market, or the terms just weren’t right. Never let it get to you and invest out of frustration. It’s really a bad move for your money. Be patient, and invest only when a great deal comes your way.

Understand the value of your time when it comes to opportunities. Renovating properties may be fun for you, but is doing the work yourself costing you too much money in terms of the investment of time? Would your time be better spent scoping out additional opportunities? Whenever it is possible to delegate tasks, do not hesitate. Keeping your time free allows you to focus on the important angles for your business.

Real Estate

Average people can make quite a bit of money with real estate investments. However, without the right skills and knowledge, you will fight a losing battle. Hopefully the information described in the article has helped you gain a better understanding of the real estate market.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Tired Of Searching For Answers Regarding Real Estate Investing? Find Them Here

By Andrew John Cocks | Muskoka Real Estate

Many people find real estate investments to be overly complex, but that need not be the case. No matter how experienced you may be in real estate, the following advice can help. Keep on reading this article in order to find out better guidelines on how to achieve success in real estate investing.

Check out the value of other area properties. This information will give you a better understanding of the neighborhood. It’s easier to make a good decision if you look at things from the street level.

Always get an inspection before buying a house. Also, never use an inspector offered by the seller. You need neutral inspections or reports from a person that you can trust.

Prior to investing in any type of property, make certain you do a market analysis and research that property thoroughly. You should view numerous properties and make a spreadsheet. Rent expectations, pricing and repair budgets should be factors you’re considering. This will help you figure out which deals are the best.

Be sure to stay in a comfortable niche. Limiting yourself to one market segment makes it easier to learn the necessary skills. Get to know your market type and continue with it for repeated success.

Join online forums, blogs, or other groups. By doing this, you will learn important things to help you with your strategy. You can even sometimes have conversations with some of these people.

Make sure you take the time to learn the ropes before making your first purchase. Mistakes in real estate investing can lead to some pretty hefty losses if you aren’t careful. Taking time to learn all you can about it can help you stay protected.

Dedicate a set quantity of time to learning about and making real estate investments. You might have to curtail your time spent on other activities in order to make more money over the long haul. You might have to give up a night of bowling league to spend time improving yourself as an investor.

Think about the advantages of property management companies. It costs money to do so, but the investment can be worth it. They take care of checking out possible tenants and they also make arrangements for necessary repairs. That will give you more time to look for additional investment opportunities.

Even though many times it pays to have a diversified portfolio of properties all over the country and even the world, it is important that you pay close attention to your local area. Before you go searching elsewhere, take a look around your own neighborhood. At least, you may want to think about starting locally.

You must evaluate any neighborhood where you plan to buy investment properties. The property itself is important, but the location can be even more important. And you must know what the zoning laws are if you plan to use the investment location as a business. Speak to neighbors to learn about the area and whether you can rent the property there within a couple weeks.

Talk to other folks who invest in real estate. They can provide you with some very valuable advice. Their knowledge can prevent you from making mistakes and save you some money. The internet is an invaluable source for finding others. Think about attending group meetings and join forums.

Sound bookkeeping is essential to getting this done. It’s easy to neglect the bookkeeping end of it, especially at the beginning. You probably have lots of other matters to consider. Good accounting practices are important, though. You can avoid many pitfalls if your bookkeeping habits are built early and kept strong.

Don’t use every bit of your cash and credit to obtain real estate. You should always have available cash reserves in your portfolio for unexpected expenses. Without the necessary capital, you can get burned.

People can make a lot of money or lose a lot when it comes to real estate. However, now that you have some great tips on hand you should be able to do well with it. Don’t be afraid, learn all that you can, and go for it! These tips can be shared with all of your loved ones.

Picking good, well-known areas is usually a smart way to go. This is critical, since it is going to give you the highest possible resale return. Properties that are simple to clean and maintain are also ideal.

“Protecting YOU Is My Passion”

– Andrew John Cocks

PS: Have you seen these Luxury Cottages In Muskoka?

Real Estate Investing and Goal Setting

By Andrew John Cocks | Buying

What is the primary reason for success most people have that seems to elude unsuccessful people? Goal setting is the primary reason for success. Lack of proper planning is the number one reason for failure. Proper goal setting involves setting a business plan in place for your life. Too many people this doesn’t sound fun or sounds tedious. In practice though, goal setters have more time freedom, more money, and more success in all areas of their lives than those who don’t. Well it’s no different with real estate investing.

Real Estate Investing must be treated as a business and it requires planning that anyone can do. Much like an airplane pilot who goes through a pre-flight checklist, the real estate investor must go through many steps for every real estate deal. You must market to find the deal, do your research on the property to establish a value, have your contracts ready, make your offer, schedule a closing, have title work done, prepare your financing, get property insurance, etc. The reason the doers make money is because so many people aren’t ready to make money. Real estate investing seems like pie in the sky until you put your plan down on paper and it starts to crystallize. The planning process itself should give you renewed energy.

Before I daily setup my plan I didn’t want to get out of bed each day, but now I get up ready to work on knocking out my plan every day. Set your plan up into baby steps that you can review and knock out every single day. Your daily plan must include marketing to get motivated sellers to contact you. Regardless of the deals you have in the works, if your marketing stops, you will go through long dry spells. Even with consistent marketing you will have periods with few leads and periods where you are just swamped with sellers offering you great deals.

Constant daily review of your goals is critical. This is why so many suggest taping your goals on your bathroom mirror so you see it when you wake up and again before you go to bed. You can even buy giant poster sized post it notes that you can write your goals on and stick them on your wall. Reviewing your goals before going to sleep at night causes your brain to dream about your goals and program them into memory. So put your goals down on paper and start putting your real estate investing plan into action.