Many times in real estate or anything in life for that matter things can get a little overwhelming. I use storybooking to motivate and set the direction for anything that I would like to achieve. Storybooking is very similar to goal setting only many will find it slightly less intimidating. I use storybooking with every rehab that I do, I used story booking to get going in real estate, you can use storybooking for just about anything large that you need to overcome in life.
Here is a shortened example of storybooking your way to wholesaling
Title Wholesaling
Chapter 1 Learn market
1. Set up lunch with 5 realtors and pick their brain about market conditions
2. Study the tax records for previous sales
3. Go to www.Zillow.com and study sales prices
4. Find the most profitable and fastest growing areas in my range
Chapter 2 Find buyers
1. Call all cash for your house ads
2. Call all cash for your house signs
3. Run ads in local paper
4. Talk with realtors about buyers that they might have
5. Talk to other wholesalers about buyers that they might have outside of themselves
6. Check tax records for movers and shakers
Chapter 3 Find Houses
1. Call realtors about sending you new foreclosures
2. Watch the local paper for new listings
3. Check the HUD website every week
4. Call cash for house people and see if they wholesale any houses
5. Drive around and look for vacant houses
Chapter 4 Put the home under contract
1. Find out what title companies in your area will do back to back closings
Anyway you get the idea, it is pretty much like your average goal setting without all of the built in fears that the word Goal carries with it. Simply start your title with what you would like to do. Add chapter for the major steps that will get you to where you want to be. Break the chapters down into important pages or steps that you will need to complete to get where you want to be.
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Just remember the best way to eat an elephant is one bite at a time. Newbies dont get overwhelmed by the grand scope of real estate. Break the huge title of real estate investing down into little steps that you are confident that you can achieve. Lack of confidence typically leads to lack of action, and lack of action leads to know where.
Eric Medemar
www.FreeHUDGuide.com
www.IncomeHomes.com
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