Posts Tagged ‘Ways’
21 Great Ways to Get Ahead as a Real Estate Investor
March 18, 2010 | 
Author Strategy 1: Only spend time with qualified sellers who have both motivation and condition. Motivation: a compelling reason to sell with a time crunch to do it in Condition: there is a way to structure a profitable deal – either the seller has the equity to take a deep discount in price or the financing is such that you can structure terms for you to make your profit that way. Strategy 2: A deal is only a deal once you have signed contracts in hand. And even then, you might not. I just made an offer on an awesome house in a high appreciating area. There was a cash offer in ahead of me for full price. I made my offer higher. The seller rejected my offer because it was not a cash offer, and accepted the cash offer. Within 24 hours the cash offer pulled out. Apparently he made offers on several properties, tying them up, and picking which ones were best, and pulling out of the rest. Strategy 3: Use “standardized” forms and contracts that you know how to use fast. Have your attorney review contracts you have, and have a standard version of them legally approved. Then make changes to them for each transaction by using an addendum. Strategy 4: Perform your due diligence before; during and after you have the property under contract. I need comparables and a rough idea of repair expenses before making my offer. The title report is not essential until I have my offer accepted because I have a contingency clause allowing me to cancel if I don’t have marketable title. Then after having it under contract, I will have a more thorough inspection and verify my previous numbers. I have a contingency in my contract to cancel based on my inspection. Strategy 5: You don’t need to see the house before you put it under contract. I know investors that never walk through houses they buy. Their trusted contractor walks through it for them. Others make an offer subject to inspection. This is on a hot deal that might not wait for you to perform an inspection. Sometimes the property is tenant occupied, and the seller will not let you walk through it prior to an offer. Strategy 6: Always use open houses when selling or renting a property. If you set up a 1 on 1 appointment to show a property for rent, there is a 40% chance of a no show. Having an open house leverages your time, and is safer. Strategy 7: Never stop marketing a property until you have NON-refundable cash in hand. I continue to market a property for back up offers. On the deal my offer got rejected, if the seller accepted my offer in a back up position, I would not go away and buy a different property in the interim. Strategy 8: When doing the paperwork with your buyer or renter, ALWAYS collect the money FIRST then do the paperwork. Again, it is about leveraging your time. You want to make sure the money is available prior to spending a lot of time with the prospect. Strategy 9: Value your time – hire an assistant. Or better yet, have a partner. Again we are talking about leverage. I never do anything that someone else can do for me. That allows me to concentrate my energy doing things only I can do. Strategy 10: Have a system in place to take all your front line calls, whether it is an assistant, partner, or voice mail. Strategy 11: Train your assistant how to qualify buyers, renters, and sellers while NOT giving away information you don’t want them to have. Strategy 12: Get a voice mail phone number. If you have a high volume business then get a hidden line and build a system to sort out the important calls from the low level urgent calls. Strategy 13: Only give your hidden line to those people whose calls are most important to you. Strategy 14: Be willing to request that someone NOT use your hidden line. Strategy 15: Get and use caller ID. Strategy 16: Get and use mandatory phone number disclosure on your hidden line (if available). Strategy 17: Let calls go to voice mail and you call back the people you want to speak with. Strategy 18: Turn off the ringer when you are a high importance project. Strategy 19: Choose NOT to return some calls. Strategy 20: Outsource to high quality vendors in a way that lowers your real cost and provides greater results for you. Strategy 21: Build relationships with these vendors so that you know you can trust them and they know they can count on you over time. Switching back and forth and picking vendors solely on price is one of the COSTLIEST mistakes you can make.
For more information Visit www.bigdawgsbuyhouses.com AND www.realestatesecretsoftheunknown.com
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Two Ways to Expand Your Job Search Network
To Recruiters and Sales professionals, networking is a way of life. In the old days, it used to be called “having a rolodex”, which means you have an abundant phone book full of contacts on which to call when you need to utilize your network. Nowadays, nearly everything can be found on-line and it’s much easier to nurture and grow your network…or is it?
Networking does not come naturally to some people. Perhaps you’ve worked at the same job with the same people for many years. Or maybe you have only had one job after college, so your network is limited. If you find yourself on the job market, how do you utilize and expand your network? Here are two modern techniques for growing your professional network:
Two good practices to keep in mind when you are expanding your network are:
You don’t have to be a salesperson or a recruiter to have a solid network. Finding others in your industry or profession is not only helpful for your career, but it’s also fun to meet people with whom you have something in common. Make a goal for yourself to meet at least two new contacts each week and see your network – and your job search – flourish.
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Workspace Makeover – 5 Simple Ways To Become More Efficient In Your Home Office
OK, so you know I’m going to tell you to clean your workspace and get organized. But, you already figured that one out when you spent a half hour looking for that form you needed and then another 15 minutes trying to find the phone number you put on that green sticky note (or was it on the back of a green envelope?).Either way, your efficiency is going downhill quickly and you really need to get this work completed today. Working in a home office can become overwhelming sometimes. It’s too easy to let things pile up and clutter your workspace until you are confined to six inches of open space on either side of your keyboard. We’ve all been there with piles of folders, sticky notes, mail, passwords written on random papers, photos, cups, and various other “absolutely must haves” crowding our work environment. A cluttered workstation hampers our ability to think clearly and creatively. We become inefficient, mentally as well as physically. We waste time, get confused, overwhelmed and lose our motivation. Our productivity becomes hostage to the mess. An efficiently organized home office can provide you with the foundation to make more money online because clearing the clutter will help you feel in control, energetic and clear thinking. You’ll get more work done, more effectively, and you will make more money. Here are 5 simple ways to makeover your workspace and become super efficient in the process:1. Clear out and clean everything. Clutter attracts clutter. Actually schedule time to completely clear off your office desk and surrounding work area. If you have a table nearby, clear that too. Move larger piles into another room until you have time to deal with them. Use a spray cleaner to wash down the desk and table area. Wash windows. Wipe down your computer and keyboard. Take everything off of your bulletin board. Remove from the room all plants and non-work related items like cups, and bottles of water, pictures, do-dads, etc. Do not store boxes of toys, clothes, and old furniture in your office. Toss anything you no longer need. Really make an effort to create an “empty” space. 2. Start Fresh. Open the windows. Arrange your computer or laptop, files, file cabinets, desk supplies in an orderly manner on your clean new desk area. Find a soft lamp to infuse light throughout the room. A very important element to your home office is a comfortable office chair. If you don’t have one, now is the time to pamper yourself. If you are comfortable, you will be able to work longer and more efficiently.3. Go Green. Add plants, move your desk near a window or into a more inspiring location. Set up computers, printers, and all electronics with an energy efficient power strip. Put images of outdoors and nature on your wall.4. Inspire. On your desk and windowsill, use the power of three to inspire you. Three pictures of kids, friends, family, etc. Three plants to add fresh oxygen to your workspace such as a Money Tree and Lucky Bamboo, and ivy. Three quotes about money and motivation.5. Less is More. Aim for a Zen quality to your workspace. Only that which you need in the moment should be on your desk. All books and reference materials should be on a bookcase. Everything else goes back to its home (file cabinets, drawers, folders). Take out one project at a time. Your space reflects your commitment to perform well. At the end of each workday, commit to putting everything away and leaving your workspace neat, clean and ready for productivity the next day. You’ll be pleasantly surprised at how much more work you get done. You’ll feel less stressed and more motivated to take on additional tasks. Make a commitment to succeed today.
Do you want more free tips on how to organize your time and make money online fast?
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