Re: Two More Truths I’ve Learned From WREIA

As I mentioned in my last e-mail, I want to share with you two more TRUTHS that I have learned and adopted in my life from running Washington REIA Network for the past 18 years.

Here we GO!!

TRUTH # 2

Spend the majority of your time locating profitable deals and raising capital.

In my opinion, this truth applies to any business, but especially real estate
investment.

Take a minute to think about this…

You can be the most skilled craftsmen in the entire DMV.

Your ability to transform an abandoned house or building is unmatched.

You are organized, have an MBA from Wharton School of Business, and you have been voted most outstanding salesperson in your office for two straight quarters.

But… you cannot find a house to renovate or lease.

You can find deals, but you run out of capital to purchase and renovate, which means you are unable to create a sustainable business.

You see where I am going with this narrative? Having extraordinary skills are great, but if you cannot find a deal or raise the investment money, you are FINISHED.

If your goal is to be a long term, successful real estate investor, focus on the
following:

• Create marketing campaigns to identify consistent opportunities to find real estate deals. Hint…. (Review TRUTH 1 in our last email)
•  Learn how to raise private and institutional capital to fund your projects and operate your business

Whether you are a full time or part time investor, focus the majority of your time on lead generation and follow-up. 

The next important event on your schedule is to meet with potential investors to raise capital. Once you have mastered both elements of lead generation and raising capital, you will see your business take off.

TRUTH # 3

Flipping = Income vs. Holding = Wealth

Real estate investing has come out of the shadows. 

The numerous flipping shows on television, hundreds of meet-up groups in the area, and major media exposure on real estate investment has created an enormous interest in our business.

A major misconception is that flipping houses will lead to vast riches. Most people need to not only create income (see Income Suggestions below), but invest their resources into assets that will create passive income and true net worth over time.

STEP 1
Choose a path under the umbrella of real estate investment that will create a majority of your income.

Income Suggestions
– Buy, Renovate and Sell Distressed Houses

– Wholesale Real Estate (If this term is unfamiliar, please call me to join
our Summer class)

– Generate Real Estate Commissions

– Buy and Sell Notes

– Lease Commercial Property

There are many different income options, and you will need to choose one or more based on your interests. Your decision will be the main driver of your business income, and with hard work each avenue can be very lucrative.

STEP 2

Take a portion of your income generated and invest in long term, income producing assets. You can choose stocks and bonds, income producing real estate, performing notes, or businesses.

There is no wrong decision and your choice is based on your risk tolerance and interests. The main point is to diversify and to think longer term, so your income will not always be solely reliant on your next deal.

Stay tuned for the LAST TWO TRUTHS…

Let me know if I can help you with your real estate needs.
My Direct Cell/Text is 301-943-5535 or email at ProfitableProperty@gmail.com

1. Call, text, or email me with questions you might have on real
estate, I am a valuable resource and glad to help.
2. If you need funding for a project, we have very competitive rates.
3. If you need a partner on a project to help you leverage your business, I am always looking to expand my partnerships.
4. If you are looking to wholesale a property under contract, I have cash and I can close quickly.

Have a GREAT and PROFITABLE week!!!
John

My Direct Cell/Text is 301-943-5535 or email at ProfitableProperty@gmail.com.

I still have room for a few more at our Summer Class. Call or Email me
today for details.