when to widen your market
Saturday, December 11
I recently filtered out a few markets I was interested in. I must say that it’s after a thorough Market Research that I turned away from them. Though it seems like I might have turned down an opportunity, it’s a blessing in disguise! Additionally, it has also let me focus more on the markets I a...
TELL EVERYONE ABOUT YOUR BUSINESS
Sunday, December 05
Many people start a business and they might even be good at it but are rarely capable of self promotion. The mistake they make while telling about their business is “Over-preparing/analying” the description out of fear. They are scared of telling what they do in a straightforward way because they...
Real Estate is Like Dating
Saturday, December 04
It might sound funny but I genuinely believe that Real Estate investing is like dating. The reason is that you need to have criteria for both of these, and you should never break those criteria; no matter what! In dating, you would rather remain single than be with someone who drains all your ene...
Estimating Rehab Cost
Thursday, December 02
While estimating rehab costs before you have walked through all the units in person, I highly recommend you assume that all of the units need a complete interior rehab! Even if the owner tells you otherwise, you should still assume that all of the units require a rehab because: -If it’s Mom and...
pulling lists is an art by itself
Sunday, November 28
Pulling List means generating or devising the list of properties and owners with the intention of contacting the owners to see if they are open to selling. You can use various methods to pull lists. I use the Reonomy tool to fetch these details. Now, let me tell you that pulling list is an art i...
Consistently Updating Procedures
Friday, November 26
A business must have an organized set of procedures for day to day operations. No matter the business type, the importance of procedures is undeniable. For example, McDonald's has the same procedures of making a cheeseburger all around the world. That’s what defines them! I have also applied just...