Today we’re going back to the basics: what you need to create your plan and get started in real estate investing. I’m going to walk you through what you need to accomplish in the next 30 days to get you on your way to making money in this business.
The first thing you need to do is figure out what exactly you want, regardless of finances. Do you want more time with your family? The opportunity to travel? Luxury cars or boats? You need to write down your wants and needs in order to see what you need to achieve those goals.
Next, you need to find out where all the real estate investing clubs are located in your area. Certain areas will have multiple clubs, but others will have only one or none. If your area has no real estate investing clubs, this is the perfect opportunity to create one! Some of these clubs have in-house training, and networking will help you make friends who have more knowledge than you and are willing to share.
Once you have a group of real estate friends, try to do a weekly coffee meeting or networking event with them. Keep up with your friends and expand your circles in order to grow your list of potential buyers, sellers, and capital investors. You can also find out who they recommend for real estate agents, if you want to use one, and other professionals like property managers, contractors, electricians, plumbers, etc. Networking is going to be critical for building your business and keeping it growing over time.
Don’t forget to visit me at LarryHarbolt.com for all your real estate investing education needs, and for access to my Cashflow Blueprint course, which takes you step-by-step through everything I talked about today.
Good Luck and Happy Investing.
Podcast: Play in new window | Download