Real Estate Investing: Q&A- Trouble Understanding Where to Start

Question: I have A.D.D. and I am having trouble understanding where to start.  I just can’t hear this, this, and this.  I need to know why I need to start there and how. Can you help?

Answer: There are many successful beyond millionaires who have A.D.D. in the real estate industry or any industry.  It is up to you to decide whether or not you will allow this to hold you back.  Everyone has their own way of learning and you will need to determine what that is for you.

Understanding Where To Start

As far as needing to know why certain information is required, it is best for you to take one thing that you don’t know and read a variety of books, listen to audios or look at video on that subject so you can get a better understanding from many different views.  There are many things in the real estate industry that can stop someone before they even start but you must realize that majority of the methods out here have been proven to work.  It may be hard to take someone’s word for it but just taking action on a method will go a lot further than just over analyzing it because you would have created an experience.  When you actually get out there and do something, it’s not just on paper anymore and fluttering in your mind.  You have taken action towards something you didn’t know about or fully understand.

Wholesaling requires marketing to find sellers who need to sell their home and cash buyers to purchase them. If you are into other forms of real estate investing, say rehabbing to fix and flip, you will need to locate properties for cheap. In order for people to know what you do and what you are looking for, you must market yourself and your business either by word of mouth, or passing out business cards/flyers, social networking, to name a few. There are other things you need to consider like funds to purchase and rehab, system to follow, what you plan to do with the properties, etc.

Wrap-Up

NO matter what you face in life, there is always a way to overcome it.  There are plenty of resources available that you will be able to relate to. When understanding where to start, read or listen to books on a topic. Take what you have learned and implement it into your business. The main thing you need to remember is that you have to look within yourself to find the determination to keep going, NO MATTER WHAT!

Go out there and start marketing in your target area to generate the leads you are going after and see what happens.  Success nor learning happens overnight. Taking action will help to overcome some of the fears of not knowing enough. Many people learn with experience. Document what you did and follow and tweak it to make your own system.

For more information on marketing, please check out our post “6 Marketing Strategies Every REI Should Know.”  Did this help you? If so, please do us a favor and share with others and comment below.

To Your Success!

Real Estate Investing

 

 

 

 

 

 

Supreme Investing Group, LLC

Email: sig@supreme-investing.com

Quote

“Unsuccessful people make decisions based on their current situations. Successful people make decisions based on where they want to be.” – Quoteistan.com

Hiring a Personal Assistant for Your Wholesaling Business

Real Estate Investing

Having a business may require you to hire a personal assistant to handle tasks you may not have time for or ones that could free up some time to tackle other more important tasks.

There are plenty of tasks that must be completed in your business for its success.  The real estate wholesaling niche requires lead generation, answering calls, emailing to prospects, creating valuable posts, and more.  The following list contains essential tasks that can be outsourced to someone who has the ability to follow the instructions provided to them.

  • Search for leads– they will need to know the exact criteria you are looking for
  • Research leads found– they will need to collect the data needed to help you to make the decision to pursue a property or not.
  • Place leads and info in an excel file– the information they collect need to be placed in an excel file and forwarded to you daily.
  • Search for real estate topics to be used for blogs and social media connection– you will always need content to make posts and blogs. They will help to find some information that you can write about
  • Market research in selected areas– it is important to know the areas you plan to invest your marketing efforts in. They can provide the online data available for this task
  • Check and send emails to sellers– they will need to check to see if sellers have responded to your marketing or any emails you sent to them. Also, they will need to send emails to properties they find through online search.

Their Schedule and Instructions

Depending on the tasks needed to be completed, you can start personal assistants off working 2-4 hours, 3 days a week.  This amount of time should allow them to complete majority of the above tasks.  You can time yourself on completing these tasks to know exactly how much time they should be spending to avoid overpaying.

Also, you can provide a screen recording of you doing these tasks.  This will help the personal assistants understand how you want things to be done. Written instructions should accompany this recording.  It is important to provide the individual as many details as possible for their success at completing your tasks.

Just remember that clear instructions is key.  Everyone don’t have a business mindset and need to be told exactly what to do and how to do-it.  So, make your instructions easy to follow and understandable.  Keep in mind that you need the personal assistant’s help to free up some of your time.  You don’t want to stop what you’re doing to receive calls or emails about how to do something or receive work that isn’t done right and you will have to do it anyway.

Skills and Hardware Needed

There are a few things and skills you will want your assistant to have.  The following are the skills and the hardware needed to complete the tasks:

  • Able to use a computer to complete searches
  • Can type
  • Friendly
  • Dependable
  • Some related work experience (very helpful but not a necessity)
  • Phone to make and accept calls
  • Available for 2-4 hours at a time
  • Speak clearly

Who can complete these tasks?

The mentioned tasks are not hard to complete and anyone who has blocks of time can help you with them.  If you are just starting out, you may want to work with someone that wouldn’t mind just helping you.  You can compensate the when you close a deal.  This person can be:

  • A friend
  • Family member
  • Your teenage kids
  • Neighbor kids

There are many possible individuals you have in your personal circle that want to see you be successful.  You want know who will help, until you ask.

Wrap-Up

Decide on the tasks you would like completed, how much time you will need the personal assistant for, who you can ask that has what is needed to get the job done.  Keep your instructions clear to avoid misunderstandings.  Be patient because it takes time to find the right person that can handle various responsibilities.  Remember, your time freedom depends on them.

If you found value in this post, please share with others and comment below.

We wish you the best with finding your personal assistant.

Real Estate Investing Blog
Caters to business and personal development.

 

 

 

 

 

 

 

 

 

Supreme Investing Group, LLC

Email: sig@supreme-investing.com

Quote

“Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t. – Unknown

6 Marketing Strategies Every REI Should Know

Even though we gear our messages to real estate investors, these 6 marketing strategies can be used in other business niches as well.

Real estate investing (REI) can be very lucrative if you know how to market to get leads and which ones works best for your budget.  We will discuss the 6 best ways you can get the word out but there are many more.  These marketing strategies are used by many of the successful investors who are well known in the REI industry.  We also discussed how to market for leads with these methods to get the greatest impact.

Marketing Methods and Time-frame

There are many ways you can market to generate leads.  Keep in mind that in order to keep leads flowing in through your marketing efforts, you will always need to be promoting at least 2-3 different types of marketing in your business.  The following are the strategies that made it to the top of our list:

  1. Direct mail is a great way to get responses to generate leads. You may have to follow-up with multiple mail pieces in order to get people to call.  You can send postcards, yellow letters, and long and short letters.  These pieces should have varying messages and should be written to catch the reader’s attention.  You should mail out these mail pieces to each lead at least 4 times.
  2. Bandit signs have a very successful return rate when it comes to generating leads. You must be careful because bandit signs are considered illegal marketing in which you can be fined.  These should be put out on Friday’s after 5pm and picked up on Sunday’s.  Be sure to get a google voice number to send these calls to.
  3. Free online ads are a great way to market for leads. When posting these ads, each one should have different messages. To avoid being flagged by email providers, you should create multiple email accounts so you can post your ads 2-3 times a day to stay at the top of the list. Here are a few sites to use: craigslist.com, backpage.com, usfreeads.com, classifiedads.com, olx.com, and ebayclassifieds.com
  4. Flyers and business cards are great ways to generate leads and socialize with people. You can put them everywhere you go and give them to people you mingle with.
  5. Social events such as REI meetings, investor clubs, etc. can be very lucrative in regards to networking yourself with other investors. Connecting in these groups will allow you to receive leads from others who are in different niches than you are or can give you referrals for other leads you may need for your business.
  6. Word of mouth is a never-ending avenue to use when speaking with people you know or people you run into. Every situation you are in, whether at the grocery store, shopping mall or center, restaurant, or any other social engagement can be very valuable because you have the opportunity to communicate face-to-face with someone and build a connection.  Prepare yourself by writing a script of what you would say (elevator speech) to everyone you meet regarding what you do and how you can help them.  Be sure to ask if they would pass your information along to someone they may know who needs your service.

YouTube and other social media connections are great to get the word out about what you do.  Radio ads, billboard signs, and television commercials are other methods to advertise for leads.  Additional marketing includes webinars, seminars, conventions, luncheons, websites, email generation, etc.

Marketing Budget

When you are budgeting for lead generation marketing, you should consider how many times and how often you will want to connect with that lead.  With direct mail, you will need to consider how you will mail these pieces whether it will be first class or bulk rate.  Your consideration should be determined by the number of pieces you will be mailing.  Bulk mailing rates are discounted for larger amounts of pieces being delivered at once. You should keep in mind that bulk mail pieces will not be returned to you if the mail piece is undeliverable and first class mailing does.  Quick tip: When mailing first class pieces, if you would like to receive a person’s forwarding address when undeliverable, write or type underneath your mailing address “Address Service Requested”.  There is a small fee that will be charged for this information.

Depending on the type of paid advertising you will use, it is important to consider the limits per site you will have.  You should set a certain daily budget that you will want to spend with Pay per click ads, along with certain criteria to generate the best clicked to open rate.  There are many pay-per-click sites like, but not limited to, Facebook; Yahoo; and Google.

So, this wraps up our marketing strategies for lead generation.  With this information you can start to market to generate leads for your business or increase the amount you already receive.  We hope you found value in this post. If you have any comments or questions, please leave them below.  Thanks for reading.

Supreme-Investing Team

sig@supreme-investing.com

 

How To Reach Attainable Reasonable Goals

Year after year, January comes along and many people say their New Year’s Resolutions. Whether it is:

  • I want to change the way “blank”
  • I want to make this amount of “$$$”
  • I want to lose this “many pounds”
  • I want “this or that” for myself, family or out of life

All of those resolutions are great things to strive for but you must be willing to work at them.  It is a good habit to make goals for yourself, have you thought about what you are going to do to hit those goals?  It is easy to say “I am going to do this or that” and by the middle and to the end of the year, those resolutions will either fade away or get pushed to the side which could possibly leave you feeling discouraged or disappointed that you did not reach them.  So, when January comes along again, you tell yourself that you are going to do “that goal” this year.  How many years do you plan to let pass you by?

CHANGE THE WAY YOU THINK ABOUT GOALS

The first thing I want you to do is ask yourself the following:

  • How do I feel when I don’t accomplish a goal?
  • Was that a realistic goal I was able to reach?
  • What efforts did I make towards getting to that goal?

Don’t set yourself up for failure. Goals should not be made and then put to the side.  The effort you take in making the goal is as important as getting there.  No goals are perfect because you are not perfect but you have the opportunity to achieve whatever you set your mind to.  Set goals you feel good about and can achieve but they must lead you towards what you want. You will be surprised at how good you will feel when you meet that goal.  Dedicate yourself to making goals that are not far-fetched. If your goal is to make 100,000 a year and you only made 35,000 in the previous year with no set plan at achieving it, the less likely that you will not achieve it. Just saying you will do something is not a plan. You must work towards making your goals become a reality.

FYI: Have you ever thought about how much time you have in a year to attain your goals? Did you know that there is a total of 8,760 hours in a year (excluding leap year) and if you sleep 8 hours a night- or day for 3rd shifters- which is 2,920 hours, that leaves you 5,840 hours to hit the goals you made for the year? Think about when you factor in other obligations? If you look at it, that is not a whole lot of time to sit back and think about what you should be doing to get to your goal. You need to start taking MASSIVE action TODAY towards achieving your goals.

MAKING YOURSELF ACCOUNTABLE FOR YOUR GOALS

Here is one way on how to reach attainable reasonable goals, ACCOUNTABILITY. It is essential for you to be accountable for the actions you take towards your goal.  Setting resolutions or goals should be more than just putting them down on paper and saying that I will get to this or that point in your life.  Decide what needs to happen to meet your goal(s) and work at doing something towards it every day.  Only you can take the steps needed for success!  It all boils down to consistent actions.

Make your goals a “BIG DEAL” to help you establish accountability for yourself.  Tell yourself, “If I don’t HIT the goals that I set, I am letting myself down”. Believe in what you speak or what you set. If you do what you say you are going to do every time and hold yourself accountable, it will become a habit that you want to keep to yourself.  HABITS CREATE SUCCESS.

EXAMINE THE WAY YOU SET GOALS

It is not ok to have goals without holding yourself accountable but you must also look at the way you are setting these goals.  Instead of just looking at the goal you have for the year in one big chunk; plan to set monthly goals and then break that down into weekly smaller reasonable goals.  Do these steps and aim to stay on track no matter what.

You should be setting steady monitored goals that you can achieve and then build on that. But if reach the goals you set consistently, you will continue to aim at conquering those goals.  You need to monitor your activity and the best way to do that is by documenting the activities you have done.  Doing this will show how you are progressing.  If you don’t have anything to compare your goals to, how can you know how close you are to your goal?

 

We hope this article on HOW TO REACH ATTAINABLE REASONABLE GOALS will armed you with the knowledge you need to get started moving forward to where you want to go instead of being held back with discouragement and disappointments. Remember, for every goal you set, you should have a step by step plan in order to reach that goal. Breaking down your goals into monthly, weekly or maybe daily objectives will help them to be more attainable.

So, what is the main goal you want to reach this year? We would love to hear your goals.  Feel free to share this if you got value. Thanks for reading!

Supreme Investing Group, LLC

Email: sig@supreme-investing.com

Website: http://Supreme-Investing.com