Real Estate Investor Training Involves More Than Just Learning about Paper Work
Real Estate Investor Training Involves
More Than Just Learning about Paper Work
Knowing how to build a strong team to ensure success needs to be a part
of real estate investor training.
Entering the world of flipping houses? If you’re smart, you’re getting yourself prepared
by enrolling in a quality real estate investor training course first. Learning about forms
and how to fill them out correctly is a given. Getting to know the “how-to” and “what for”
of the world of HUD and bank-owned homes is information all investors need to know.
The most effective courses don’t just teach you the nuts and bolts you need for today –
they also help you plan for your future, as your business expands. For example, when
you are planning out your future, plan to have staff to assist you. Someday you will need
a support team to handle the multiple homes you’ll be purchasing. You’ll learn more
about who needs to be on your team as your training progresses.
The Fix-It Team
To start off, there are the physical repairs to the homes. Most of your purchases may
need anywhere from a few cosmetic touch-ups to major remodeling. The idea of being a
do-it-yourselfer might sound great – especially if you’ve been overdosing on home
improvement TV shows. But let’s face it there is a huge difference between spackling
some holes or re-caulking a tub to looking at a major plumbing or electrical repair.
Unless you have an electrician or plumber certification you may want to leave those
jobs to professionals.
Ask people whose opinions you trust when you start searching for contractors you
would like to work with in this endeavor. You want someone you can trust, someone
who knows where to get quality supplies and not break the budget, and most
importantly someone who takes pride in their work. Having a contractor on your team
will be a definite advantage especially when you view perspective purchases. Your
contractor will be able to help you see potential issues and give you up-to-date
estimates on repairs.
The Marketing Team
Truly experienced trainers will also encourage you to find a marketing manager, and to
hire one immediately. That suggestion might make you see dollar signs. Sounds
expensive, right? Effective, high ROI training gives you the reasoning behind the
suggestion and shows you how to pay them where it won’t break the bank; in particular,
it won’t break your bank. Finding someone who has a real estate agent license who can
work on getting you buyers, sellers, and private lender leads will pay for itself. Your
marketing manager would also be responsible for coordinating property launches,
maintaining a buyer database and the email marketing.
Your dream team will take time to take form. Investing your time in building a strong
foundation of knowledge and road-tested wisdom prepares you with all the information
needed to jump right into investing with confidence. After talking with family and friends
and doing some online research you find it easy to form a partnership with a local
contractor who has a stellar reputation. Joining a local investor club and doing some
networking may yield a real estate agent who, after reading your business plan, wants
to be a part of your team and is already working on leads for you.
The house flipping business doesn’t have to be a lone ranger deal. In fact, you’ll find
that the stronger the team you build, the more successful you’ll all become. Make sure
any real estate investor training you get teaches you how to do that.
ABOUT THE AUTHOR
Josh Cantwell of Strategic Real Estate Coach –
http://www.strategicrealestatecoach.com - teaches that making serious money in the
real estate business is all about one thing… seeing potential. This skill allows you to find
those golden opportunities that others can’t recognize. Where they’re quick to focus on
the problems, and why a certain deal “won’t work”, he teaches real estate coaching
students how to turn potential into PROFIT. Check out the perfect real-life example in
this house flipping case study video.