4 Things You Can Do In Between Your Investments
Chances are as a real estate investor, you’re consistently working on building your business, marketing, networking, and keeping your eyes open for great deals. As you know, sometimes there’s a lull in between investments. You may close on a deal and then not close on another deal for weeks or months.
Here are some helpful tips on what you can be doing in between your investments to help you keep the momentum going.
1. Get To Know Experienced Realtors
It doesn’t hurt to connect and get to know experienced realtors in your area. You may not be buying your investments through a realtor, but they’re more helpful than you might think. They can end up having some great connections that may help you out down the road, like a title company, lawyer, appraiser, or other investors looking to network or do a joint venture.
2. Cruise Your Area
Take time to get familiar with the neighborhoods that you’re interested in investing in. Take drives through them or get out and take a stroll. As you pass by the homes, keep an eye out for those that look vacant. Look for those big posters on the door or windows signifying vacancy. Look for overgrown grass. If you see a neighbor outside, inquire about a home you’re wondering about. You never know, you might find a home that’s just about to go into foreclosure or is getting ready to go on the market.
You can even just google For Sale by Owner (FSBO) homes in your area!
3. Contact Home Owners
If you do find a home that fits your investing criteria, don’t be afraid to reach out to the owner via a letter. This is your chance to explain what it is you do for a business and how you can help them out if they’re wanting to sell their home fast. Be careful that you don’t insult them by stating the obvious; that their house is not looking so good. Rather, let them know how your services can benefit them. Let them know why they should go with you over a realtor or letting it sit vacant. Even if they’re not interested in selling it right now, they might further on down the road.
4. Invest In Your Mindset
Positivity matters, so in between investments, make sure you’re depositing positive thoughts into your mindset. Grow your wealth mindset while you’re at it. Are you believing to be highly successful? Are you letting doubts get you down or are you persevering with an optimistic attitude? If you sit and talk with wealthy people, they’ll tell you that mindset matters. They’ll tell you that they consistently work on building theirs and by you doing the same, that investment will pay off in many great ways.
These are but a few of the various things you can do in between your real estate investments. Take them to heart and keep your eyes on success. You’re growing a lucrative business day by day and that’s something to truly be proud of.