Real Estate Investing Basics

A Message to New Investors: Don’t Wait for 2011

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The holidays are upon us which means wonderful times with friends and family (and not so wonderful times shopping….which is why I do 90% of my shopping online!).  Many people tend to slow down or even shut down with regards to their business in these last weeks, and if you’re still an investing “newbie” you may be tempted to just wait until 2011 to really get going.

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You’re likely saying to yourself things like “Well, nobody is selling right now.” or “The deals will be better in the new year” or “Things are just too busy to work on real estate investing right now.”

No matter what stories you’re telling yourself, I’d like to urge you today to gain some momentum in these last six weeks prior to the new year.  If you’re concerned about getting overwhelmed, I have a suggestion for you:

Choose just one accomplishment for each week for the rest of this year and knock it out of the ballpark so you can end the year strong.

I’m not talking about huge accomplishments that have 10-20 steps that have to be taken.  I’m talking one focused task that you can accomplish within a week even with all of the holiday planning, shopping, and working that you’re doing.

Here are six ideas for you to get the wheels turning (plus some awesome reference blog posts for you to check out):

1.) Get organized with a 7-day action plan

2.) Research investing strategies and determine your desired area of focus (BiggerPockets blogger Peter Giardini did an excellent series on this – read the entire thing!)

3.) Go to a local real estate club meeting (there’s probably one or two more before the year ends!)

4.) Pick your key farm areas for deal hunting

5.) Begin marketing for motivated sellers using cheap or free methods (and yes there are still homes for sale in November/December – I closed on one just this week)

6.) Study your competition (i.e. learn from what other investors in your market are doing)

Depending how much action you’ve taken to date, this list of six may or may not be relevant for you, but you get the idea. There’s nothing magical about the month of January, however you can certainly help make some magic happen towards closing your next deal in January (or even earlier) if you simply make the choice to keep moving forward now instead of waiting.

In fact, don’t even wait for tomorrow.  Write down your list of six accomplishments now and just get going!  You’ll thank me for this when you’re rockin’ already in January 🙂

Photo: Steve Jurvetson

Shae Bynes is a real estate investor in Sunny South Florida. On her blog, GoodFaithInvesting.com, she provides helpful tips and an inside look at her real estate investing adventures—obstacles, failures, & successes!

    Armando Montelongo
    Replied about 9 years ago
    Great motivational post. Any time is a great time to be taking action and doing everything you can to do everything you can for your career. Certainly enjoy the holidays when they come around, but do not slow down BECAUSE of them.
    Shae Bynes
    Replied about 9 years ago
    Amen! Thanks for the feedback, Armando!
    Julie Broad
    Replied about 9 years ago
    This is so practical and useful Shae!! And thanks for linking to my article about Real Estate Club meetings!! Great work!
    Shae Bynes
    Replied about 9 years ago
    Thanks Julie! My pleasure to share it — it was an awesome post.
    Shae Bynes
    Replied about 9 years ago
    Thanks Julie! My pleasure to share it — it was an awesome post.
    Shae Bynes
    Replied about 9 years ago
    Thanks Julie! My pleasure to share it — it was an awesome post.
    Dick Rosen
    Replied about 9 years ago
    Well said Shae!
    Shae Bynes
    Replied almost 9 years ago
    Thanks Dick!
    Sharon Vornholt
    Replied almost 9 years ago
    Great advice Shae. I always say that you can tell who the “real players” are by noticing who is working November thru the first of the year.
    Shae Bynes
    Replied almost 9 years ago
    Thanks for the feedback, Sharon!