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So what can you do to find your own winning properties in
today’s market … well … you might already be familiar with our
five steps to invest in real estate,
so I am going to give you three things to do right
now to get yourself ready to take those five
steps:
1. Educate Yourself
We never stop learning … I read at least three books a month… I
try to read a new book every week. I spend close to $20,000 a
year on courses … some are real estate related but others are
specific to marketing or even just personal development. And we
both find people we can learn from. Dave in particular is
really good at this … he picks up the phone and talks to
people. He finds people in the areas of expertise he wants to
learn about and talks to them. He meets people and asks them
lots of questions.
2. Network
The best deals usually come from within your network. Realtors
or mortgage brokers with their ear to the ground are a great
source of deals. You have to get plugged in to the people who
can find you great deals.
If you are someone that doesn’t have money
to buy real estate - networking is critical.
We’ve been able to build a nice sized portfolio not because we
did no money down deals or because we had a lot of money but
because we found a few partners with money to invest with us.
They didn’t have time or knowledge … we took the time to build
the knowledge and became their partners.
You are going to need partners to work with and the best way
to find them is through your network. Ask friends, family,
colleagues, your family dr. or dentist … go to local real
estate investing groups … just meet people!! Start educating
them about what you’re learning and see if there’s a mutual
interest.
3. Take Action!!
If you sit on the sidelines waiting for this market to improve
you are going to miss the opportunity of a lifetime. Big wealth
is being created right now!! Sit down and make your plan!!
Where do you want to be? Where are you today? What is the gap
in the middle and how are you going to get from here to
there.
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