Saturday, March 10, 2007

A Day in the Life of a Real Estate Investor.

Six Keys to power positive Real Estate Investing.
Control your time
Control Your Attitude
Control who you talk with
Control your outcomes
Control your Property list
Control your attraction.

These keys in the daily activity of a real estate investor will make a huge difference.
Let's Talk about control your property list.
First every day add eight more properties to the list of properites that you already have.
Where do you start. Stop and knock and talk at every for rent sign, every "going out of business" sign, every Vacant sign. Stop and talk to the owner of any building that has
deferred maintence. Look in the newspaper every day for possible commerial properties.
Each day add one story to one property in your market area of a property that sold recently
or the history of a property that changed hands and how.
If you do this one activity on a regular basis you will become an expert in your market in
4 months. Yes that is all the time it will take is 6 months. Think it through. One property
a day that you know the story on. You know the owner, the interest, the benefits, the problems.
You write it down in notes that will aid you in remembering. Five the first week, is twenty the first month is 120 in 6 months. What if you add a saturday bonus and get two more properties?
That's another 48 for a total of 168 properties. Do you think that will make you an expert. The answer is simply yes. You will be current, informed and able to compare the next listing or opportunity that comes your way.

Tuesday, March 6, 2007

Getting a Power Team For Investing

First Power team meeting!
There are a few things that will make it successful and
several things that will make it fail.
Here are a few suggestions to put together a real estate power team:
1) Pick your people
Do you rapport with them?
Do they have similar goals?
Do they have their dreams written down?
Do they want to make a difference?
Are they Motivated? What motivates them?
Do they have a big why?
2) Plan your meetings?
90 minutes
Have one different person bring a 15 minute topic to the table
Reading, Find a book that will help the group where they are
discuss the topic and how it applies
Everybody practice looking for depreciated properties
Everybody comes with at least one potential investment
3) Remember the four areas of greatest return on your money
1) zoning are there zoning changes
2) financing OPM
3) Distressed property
4) Distressed People

4) Door Knocking is key to success. Meet and Greet people
asking the question. Do you know of any destressed properites or people
the neighborhood.

Good Luck and Happy investing.

Monday, March 5, 2007

Affirmation of March 5th

Read, Read 30 minutes a day, everyday of the year.

Investing, Presidents' Lunch, Opportunity

My Broker Julie Linden of Exit Desert Ocean Realty is an over achiever. She Recently invited several realtors from our office to attend the Presidents' Circle Luncheon. Bill Porter Presidents' Circle Chairman Officiated.
Brent Wood, Victor Valley College Art Department shared on the changing needs of students and therefore the chaning needs of the art department to meet them. In the Q and A, I asked , "What are we doing to connect with the local high schools and encourage art?" You see, I have an other motive. My daughter Elaine is the art teacher at the Lewis Center. I am always on the outlook for opportuinities that might enhance or strengthen the program for her and her students.
I was shocked to her the answer. Mr Wood replied, "We have a problem. We are already to full of students. We are not going to try and get more." Wow! What an answer. Too many clients! Too much Business!
In my mind, all I could hear--- the real estate market in the High Desert is going to do well.
Then the Foundation President T. Kirk Riding commented on the positive changes in the High Desert. First an observation by him and agreed with by others. This college foundation is one of the strongest in California. Second, a recital of a decommissioned 727 and the education opportuinities that SCLC and Victor Valley College were affording.
Finally Dr. Louis Zellers commented on his interim work at the college. What stuck me as most significant. A three year signed contract with various groups at the college with one more to be completed.
While there, I also met with Alan Leider of the Browning Group- owners of Valley Hi Toyota and Valley Hi Nissan.
Real Estate Might be slow in some areas, but I see all the reasons for it picking up. Currently on the permits for just Apple Valley- there are several large project being built. Among those large housing projects are also a 10 plex theater, shopping centers, and the promise of many retail stores coming to the high desert.