All of us at some time or another have felt some desire to invest in real estate. I am positive you have witnessed the benefits of real estate investing firsthand in your own life or in the lives of those around you. I would like to help you accelerate your investing success, both in the short term and in the long term. The outline of this process is called the “Foundation to Success.” This program contains the following seven steps:
1. Find your personal motivation for success
2. Identify great investment properties
a. Use competing methods to find properties
b. Use non-competing methods to find properties
3. Analyze these properties in a powerful way using proven formulas
4. Buy the best properties for your portfolio using
a. Other peoples’ money
b. Seller financing
c. Conventional financing
5. Create or enhance equity positions achieved at closing by making both physical and “mental or paper” changes to the acquired property
6. Sell for a profit in the short term, OR
7. Refinance for a positive cash flow and an equity position in the long term
First, the most important part to being a profitable real estate investor is finding a powerful reason to do it!
You can achieve amazing results from real estate investing if you begin by setting the right goals-goals that will push you to
become a successful investor. Some examples of these goals could include:
1.I don’t want to be compelled to work for the rest of my life.
2.I want to become my own boss and make as much money as I choose.
3.I want to be free of any liabilities not related to productive assets.
4.I want to create a college fond for my children/grandchildren.
5.I want to have passive income every month for the rest of my life.
Your first step will be to choose a few powerful reasons why you want or need to be successful. Shape these reasons into goals and seek after the successes that will come from achieving them. Put your goals in a conspicuous place where you will see them and be constantly motivated by them.
Happy Investing,
Kendall E. Matthews, CRMC
Phoenix, Arizona Investment Real Estate