September 15, 2014 in Investing in Real Estate, Podcasts
Did you ever wonder what the pros and cons were for a real estate investor when it came to getting your real estate license? I know that it can be kind of like a dance; knowing just how navigate these two very different yet related “hats” that some folks wear.; Realtor-Investor hats.
My guest today has managed to successfully do this; balance the Realtor-investor “hats”. Mark Ferguson is an investor from northern Colorado who is both a fix and flip investor and a buy and hold guy. Mark is one of the top agents in his area, and he has specialized in REO and HUD properties since 2008. If you are wondering whether or not you should get your real estate license, listen in as Mark tells you why he thinks it is a good reason.
Here are just a few of the highlights of the show. Read the rest of this entry →
June 3, 2014 in Getting Started, Investing in Real Estate, Podcasts
Today's podcast is going to give everyone that has a full time job and a part time real estate business the information, the systems and the certainty that they too can do this business part-time and be successful. My guest today is my friend Erik Hitzelberger. Erik is living proof that you can build a successful part-time real estate investing business. He is an engineer, he has his real estate license and he is a rehabber. He also has a family that includes two young children. His partner Bryan Snider is also an engineer with 4 young children one of which is just a baby. These guys are busy!
The Secret to Their Success
There is one main reason why so many investors fail to succeed. That reason is they lack systems in their business. Erik is going to tell you about his business and his systems. He is also going to tell you how you can have access to the very same systems that have made him and Bryan successful rehabbers while having demanding full time careers.
Here is just a sample of what you can expect to learn in this podcast:
- How Erik got started
- His first few deals and why he knew he needed to do things differently
- How much time it takes every week to build a successful part-time real estate business with full time income potential
- Whether or not someone with no construction background can be successful at rehabbing houses
- Marketing for deals
- The advantages of having good wholesalers on your team that can bring you leads
- Finding a way to do it all; the importance of creating systems
- Building your team
- The 7 steps to rehabbing every house
- Avoiding the top 3 or 4 mistakes newbie investors make
- Why flip houses when you already have a full time job?
- The importance of having the correct mindset
- And much, much more
You Can Watch the Video Here
Read the rest of this entry →
November 7, 2012 in Investing in Real Estate, Marketing, Marketing
Would you like to grow your business this year with less stress, have more free time, and get more done? Then you are at the right place because I am going to talk about how you do that. We will talk about the importance of looking at “the big picture” and give your business a marketing makeover this year in the process.
I have written before about using a great big wall calendar for marketing. I have always believed that if you have one of these big calendars hanging over your desk that you have to stare at every day, you will “auto-magically” become more productive. If you combine the word automatically with magic, what you get is “auto-magically” which is what I believe happens when you get focused and implement a plan where your marketing happens just like clockwork. When it is scheduled and the steps are written down, it gets done. It’s really just that simple. But….you have to actually follow the plan.
August 15, 2012 in Investing In Real Estate, Investing in Real Estate, Videos
YES YOU DO!
Recently I was asked to do an interview with my friend and fellow real estate investor Al Jones. Al is a minister as well as a real estate investor in Orlando, Florida. It was great getting to spend some time talking real estate with Al, and also hearing about his business and some of the challenges he faces.
One of the things we talked about, was that many of the women he knows just don't believe they can do this business. That is not simply true! He says that they lack the basic confidence to even begin. I believe that we have all known that kind of fear at sometime in our life.
So what separates the ones who ultimately succeed from the rest?
I think it all boils down to one thing; “We feel the fear but do it anyway”. You have to be willing to walk through the fire and know that you will come out on the other side. If your confidence needs a boost, check out this article “Success Is A State of Mind” after watching the interview.
So how do you do that?
I believe that it comes down to three main things:
- First of all, you have to get some education, and you can get if without spending a lot of money. You can get books and DVD's at the library. There also are a wealth of blogs like this one and sites like BiggerPockets.com where you can get a great education completely free. Become a “life long learner”.
- Secondly, you need to find a mentor; someone that can help you when the paralyzing fear sets in. One of the best places to find a mentor is at your local REIA (Real Estate Investors Association). Just look online for a list of all of the real estate clubs in your area.
- Finally, you absolutely must take action. Nothing will happen if you don't take consistent, focused action. Just take baby steps toward your goal, and you will get there. Read the rest of this entry →