Today’s Real Estate graduate call dealt with many topics. We had several students on the call that put in their comments and input.
David from Richmond, VA talked about how he has been writing down all the actions that he does every day. That way he can see what progress he is making when it comes to his Real Estate investing.
This relates to our main topic that we discussed today with is Market Analysis and Measurable Goals.
We discussed the significance of looking for our funding options, knowing how to analyze properties, and finally finding properties. All of these have more details that we discussed in the call. More of these details can be found in the RE elective class called “Get Started in RE investing.”
We talked about how we need to have measurable goals. As an example we mentioned we could have a goal of calling 20 sellers of property a week to interview them to see if their property and the sellers situation could be one of interest. Our next goal could be looking at 5 properties a week. The final tangible goal would be to make 5 offers a month. Ultimately the majority of these offers will be rejected but eventually by taking these actions, it will result in finding a motivated seller. This is one that is desperate to sell quickly and for a low price. We talk about putting as many properties in our funnel as possible knowing that eventually out the bottom will come a motivated seller and a property that we can benefit from.
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