I get calls quite often from investors wanting to know if something is a “good deal”!
I would really like to respond – “How the heck would I know?”
Others call and ask if I could find the a “good deal” – see response above.
Unless YOU know what your plan is and can explain your plan to ME, there is no way I would know what a good deal is for you.
I should challenge callers to sit down and determine their strategy:
- Sit down a look at where you are right now
- Financinally
- Credit Wise
- What are your investing abilities
- What are your strengths and weaknesses
- Are there anythings you need to do
- Redo you investment portfolio
- Earn more income now
- Sock away for for retirmenet
- Educate your self or hire people to do it for you
- What do you need to improve
- Based on where you are now and what you need to do in the future, sit down and determine your goals:
- short term in the next year
- mid-range
- long term
Now you know your goals for the future. Your next step is to create your road map to make it to these goals. Then start your jorney to your goals.
Be sure to watch your progress, are you on track or did you take a wrong turn, are you getting to your destination faster than planned? Do you need to slow down or set your goals higher. Are you going to slow, do you need to find a few short cuts?
I would suggest setting aside a few hours this week to sit down and work on your plan. Right now, even with the bad economy there are a lot of great opportunities to reach your real estate goals with unprecedented numbers of foreclosures, home buyers needing a lot more help with sellers offering seller financing or lease to own options, and fewer buyers for all of them.
If you can combine your knowledge of real estate, your plan, and help of team players you can reap some huge benefits.
So the next time you call instead of asking us if we have any good deals, ask me if we have anything that fits your investment strategies and will help you meet your goals.
You might say “I am looking to build a portfolio of investment homes and small multi family that offer a good rate of cash flow to my portfolio so I can pay down debt. I want a home that can be rented or offered up lease to own, easily managed by a property manager, in an area where there is a high ratio of home owners over tenants, that could have steady appreciation over the next several years. I plan for a long term hold, I do (or I don’t) mind making major repairs.
If you want to call me or any of the guys over here at KCInvest.com, give us a call at 913-735-0018, or better yet us our contact us form and tell us when a good time to call you would be