How about some of the best real estate investing advice today? Doing the same thing over and over will always produce the same results (and cause insanity). So if you're looking to take your real estate investing business to the next level, you'll need to start thinking about making a change.
There's always a pivotal moment in someone's business that makes a difference to them. It's the one thing that makes the biggest and most impact in their success. That one thing isn't the same for everyone, because we all have different goals and objectives.
I posted a question in the Mobsters Lounge, The question was: "What is ONE THING that you've done that has changed your real estate business for the better?" I was happy to learn just how experienced and knowledgable our members are, with all of these closed transactions.
The Best Real Estate Investing Advice
Anyway, some of the members chimed in with their advice on what the ONE THING was that changed their business. These are unedited answers, so use these words of wisdom that's being shared and RUN WITH IT! Here's your unedited real estate investing advice from the pros:
One thing is that I've done that has changed my real estate business for the better. I changed my beliefs. I believed that I could have success and provide for my family by doing this business.
Outsourcing Tasks Always Changes Your Business for the Better
The one thing that has changed my business for the better is
outsourcing my marketing. That way it gets done without me. We set up the marketing plan for the month, then the plan is worked by other people. The leads are coming in like crazy! The marketing calendar is like drinking from a fire hydrant!!
One change that improved my real estate business: Getting
coaching and putting myself in a position to "pay" for accountability. It was the hardest decision to make at the time because of the financial commitment. However, once I committed and worked with a
coach for the next 2 months I had incredible improvement and set it me up on the track of success I am now.
The best thing I've done in building my business is documenting all the shit I do when doing ANYTHING. If I know I'll need to do it again I learn it, do it, record a video of it if on computer, or write up a quick Google doc explaining the process. This allows you to easily turn stuff over to
acquisitions managers, VAs, etc when you're ready
Saying "Fuck It, Let's Do This" Works For Everyone
We've adopted the attitude of "fuck it, let's do it". We start immediately on something if we come up with an idea. Seriously, what's the worst that can happen. We've made it through everything in our lives up to this point. We quit overthinking and just charge into things. We can figure it out along the way. It took a long time to realize that if we didn't take immediate action, nothing would happen. Quit over-analyzing shit and just go for it. It actually makes you feel more alive. Life is literally thrilling.
Focus on the IGAs – Income Generating Activities. As business owners, a lot of are like squirrels running around looking for nuts instead of focusing on the activities that affect the bottom line. We find ourselves wearing a lot of hats, and many of those hats don’t fit very well or really even matter. For example, quit stressing over minor tweaks to the language in your mailers – instead give it your best shot in a few minutes and
MAIL THEM OUT! After all, the best marketing is the marketing that has been mailed out. We often focus on the little details that suck up our time but don’t come close to affecting the bottom line of our business. Focus on the IGAs.
Successful People have Similarities
There you have it, real estate investing advice from 7 successful real estate investors all over the country. These responses were sent to me privately so that they didn't know how the others were responding. It's very interesting to see the similarities in their answers.
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