First Acquisition!

Well.........

I am happy to announce that TK homes has officially closed on its first home acquisition! And we are under contract to purchase two more!

I wanted to pass on a couple of things that I have learned that have allowed my company to close on these deals.

First off is to find a deal and there are many schools of thought on this. Many of the "gurus" suggest that building an internet presence is the best way to get lots of deals quickly.  Splash pages, calls to action, teasers, all designed to create interest in your website.

Others stress the need for list building, creating a list of buyers whose needs you would then try to fulfill.

Still others put their emphasis on networking on the social pages and creating blogs for people to follow thereby creating a following of potential contacts and customers.

Certainly, all of these things are necessaruy to build a lasting and succesful real estate investing business, and at TK Homes, we are actively involved in all of them but for me personally, there is nothing more exciting than running down a lead from scratch.

Actually going out and finding a potential deal, doing the legwork, the research, creating a plan of action and an eventual exit strategy and then putting those things in motion by making yourself and your intentions known to the property owner, is, in my mind, the best part of this business (except for maybe depositing checks!).

There are some in this business whom I have heard say that they don't ever meet the owners, in many cases never even see the properties. For them it is just an automated process which is as impersonal as can be, and truth to tell, they are very successful in working that way.

I actually enjoy the personal contact and I truly believe that some of the most lucrative deals cannot be found without a bit of face to face time.

This approach has allowed us to purchase three homes on nice sized lots.....................for $28000.00 dollars! Three houses!!

And our exit strategies are designed to allow us the maximum downpayment, enough to recoup the initial outlay, and then to have significant cash flow for years to come before a nice balloon payoff!

What have I learned? (and we have all probably heard this before, which is why it is a prime candidate for inclusion into "TK's list of obvious instances")

Real estate investment gurus are not Moses, brandishing the ten commandments! No system is absolute!

Learn from the "experts" and then learn to do it your way!

Until next time..............good hunting everyone!