Tuesday, January 13, 2009

Real Estate Course: Day Nine of 30 Day Action Plan

Day Nine
  1. Talk to one person every day about your private money program
  2. Look at properties from realtors
  3. Prepare offers for properties
  4. Overcoming fear
  5. Call sellers from craigslist

Day Nine starts exactly like the days before talking to someone on your list of people about private money. Get used to it. It will be like this every day for the rest of you life or until you hire someone to do it for you. Can you do it? Sure you can. I will talk about that in the future when we talk about Virtual Assistants (VA).

From your lunches and contact with Realtors, you should have a list of properties they have sent you that match your criteria for houses you are looking for. Go look at the neighborhoods. Become familiar with the type of house the Realtor is referring. If it does not meet your criteria let the Realtor know. Will you find a motivated seller? Maybe, maybe not. But it is an action step to get you out into your market, which you need to learn and understand. It will pay off when you need to close on property quick or lose the deal.

Between calls from sellers and seeing property Realtors have brought you, you should have one deal to write an offer on. If not, write one anyway. Why not, are you afraid it might get accepted and then you would have to buy the property and then you would have to sell the property and you might make money in this business? Yes, everyone has those feelings. Congratulations, you are human. As May Kay Ash tells it, “You Fake it Until You Make It.” I do that a lot. Sometimes I step in it and sometimes I don’t.

As you found yesterday, people are advertising on craigslist all the time to sell real estate. Some are by the owners but most are by Realtors looking for a buyers list (we will develop that in later days). E-mail them about the property or call if there is a number. Call the seller or agent on houses in your neighborhood you like and fill out the property information. The more properties you look at the more likely you will find properties to buy. After all that is the name of the game.

See Ya,

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