To become a successful investor
If you’re trying to develop all the ways to make money in real estate. How do you find them? How do you contract them? How do you lease-option? How do you do all this? How much time does it take to reinvent the wheel? And finally,how do you become a successful investor.
Let’s face it, you’re limited erengy ,time and money. But you can use other people’s ideas ,money,and get other people to use their time.
Whether you think this is a great artical or not, I guarantee that even if you use just one of the hundreds of ideas presented, you’ll make a lot of money. Keep educating yourself. Learn. And use other people’s ideas.
For example, If you have about 40 people looking for deals for you right now. Instead of looking for deals by yourself, instead of doing your own bookkeeping and financing, use other people’s time.
You do not have to create or reinvent successful real estate investing. You’re better off finding other successful people who’ve learned what you want to know and using their ideas. That’s why you have coaches and mentors. It’s called other people’s ideas.
One successful business does that. Bill Gates didn’t write the operating systems for Microsoft. He went to IBM and said, “If we had this operating system I envision, what would you pay for it?” When the decision makers showed interest, he wrote a contract for them to buy the yet-to-be-created operating system for about $1 million plus a few dollars for every computer that used it.
At last,I recommend using other people’s money and other people’s credit because you can reduce your risk to almost zero.
You can think about that. When you start your real estate investing business, you can use all of your own money and all of your own credit to buy properties. However, the most successful investors in the United States, those who own lots of property and make 10 times more money than other investors, never use one penny of their own money or one point of their own credit.
In brief,when you do any business, know what you’re good at, what you have,
and what you do not have. Then you can find others who have what you don’t have.
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Article Source: ArticlesBase.com - To become a successful investor