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The truth is that you can find great real estate deals going on all the time. Have you ever heard people say that "it’s not what you know, it’s WHO you know that counts"? Well, in the real estate investing arena, often this can be absolutely true when it comes to learning how to find good real estate deals. The quality of your network will have an impact on your net worth.
But your network should not begin and end with other real estate professionals. True, networking and getting to know other people in your field is essential to building your business. But don’t overlook the other important people that are crucial to finding great real estate deals.
Take a few moments and plan out your strategy for finding great real estate investments by gaining the attention, cooperation, and loyalty of integral pieces to the real estate investing puzzle: the people you never talk to that you see every single day. These people hold the keys to your fortune (even if they drive a garbage truck). They may be the server who brings you a meal, the clerk who takes your dry cleaning, or your mailperson, among others.
The knowledge and inside information of who needs what, who has what, and who’s looking for what lies untapped in the head of every single person you meet, and so you can find motivated sellers by networking. You can find investors and private lenders by networking. You can find tenants by networking. You can absolutely have others help you find property by word of mouth—and doing all these things every day can make you a very rich investor.
As you’re mapping out your winning strategy for real estate investing, keep this in mind: in the real estate business, just like in life, your positive and strong relationships with other people are the greatest assets you can ever have. Thus, networking is an extremely important part of enhancing your investing success.
Networking with like-minded individuals, other investors, and real estate professionals who can help you on your journey to success, can help investors like you and I find great real estate deals. However, it’s networking with people NOT in the real estate business that can often bear the BEST fruit: the very best deals available.
How to Align Your Business with Government Programs or Non-profits for Joint Ventures
What would you do if you were attempting to align my business with government programs or non-profits to form joint ventures? It’s a good question—one that will require some out of the box thinking to be effective.
Create a Swipe File for Future Marketing Ideas
There’s nothing worse than staring at a blank page and trying to come up with some new creative marketing ideas. That’s why I suggest that you create a swipe file of marketing ideas. What is a swipe file? It’s an electronic library and written published library of ads you’ve seen that get your attention and compel you to respond or others around you to respond in the perfect way that ad is positioned to do.
Real Estate Investing Research: Things to Look For
Real estate investing research is so very important. Clarity in the real estate marketplace is power. Professional investors have it. Speculators and novices are always seeking for it. It’s why professional investors who understand the real estate market cycles and know how to research real estate markets can make more money in the longer term than speculators and ‘flippers’ can make in the short term. Gaining this clarity in the real estate marketplace is a function of examining hard data and asking objective questions of it.
