Circle of Winners

Marketing and how it is done has been one greatest question investors and real estate professionals have pondered upon and in the end still wonder about. Those who have tried to study the subject can still remain confused because so much has been written about it.

Like any business decision you should always start with a plan as in this case a marketing plan.

The Guru and Coach will more than likely tell you that there is strategic marketing and a tactical marketing. I will agree with them in this respect that you have to understand the concept but you will need real help in implementing them properly. The reason I say this is that markets are constantly changing. In the past marketers used regular mail sending letters and post cards. The generational changes that are taking place with the internet and programs like social networking will not work with younger generations.

As mentor I am weekly checking out new methods of marketing which will benefit the members of the Circle of Winners Master Mind Group.

In some ways marketing real estate is the same for both the investor and real estate professional in that they are both looking for either a buyer, seller or leasing tenant. However how you go about doing it is a completely different matter.

For more information about marketing go to www.cwlsr.com and the "Ask a question” tab and I will be glad to answer your questions.

Curtis William Lee, Sr.
Mentor
Circle of Winners Master Mind Group

Last week I discussed the differences between the Guru, Coach 
and Mentor. We saw that the Guru and the Coach are money driven 
by the sale of their products while the Mentor is driven by your 
success.

For the next several weeks I will be addressing the important aspects 
of a good Mentor and what knowledge they should they be able to 
share when mentoring.

Here are a few of the topics that a good Mentor should be able to 
guide you through:

·         How to build a working business plan

·         What type of accounting and database management system you 
           should use.

·         Marketing for the purchase or sale of properties (Marketing plans, 
          Strategies & Implementation).

·         Prequalifying  income producing properties (It is more than 
          NOI &DSCR)

·         Contracts and Agreements

·         Negotiating Contracts

·         Listing your property

·         Appraisals and Valuations

·         Real Estate Financing

·         Environmental – Phases I, II, and III

·         Due Diligence

·         Risk Management

·         Insurance – Type of coverage need for your business and 
          properties

·         Real Estate Title and the Closing Process

 

Generally when you purchase training programs there is little or no 
interaction between seller and student. The cost is usually expensive 
and after a short time the student starts to lose interest in the program 
they have purchased.

 

It is different with the Mentor in that there is constant contact and an 
ongoing dialogue between the Mentor and student.

 

If you have an interest in being mentored at a low monthly cost of 
$38 per month ($456 annually) go to The Circle of Winners Master 
Mind Group. www.cwlsr.com

 

Look tomorrow for “How to build a working business plan:

 

Curtis William Lee, Sr.

cwlsr@cwlsr.com