Real Estate Investor Daily Success Activities

Posted on July 5, 2013 by

My article this month WAS going to be about “A Day in the Life of a Full Time Wholesaler”, but after thinking out the article in my head it came down to productivity, focus, goals, and time management – which are all interrelated.  I also thought that these things can be applied to any area of real estate investing, not just Wholesaling. 

No matter if you are full time or part time, you still need to be very cognizant of what activities are getting your closer to your goals – whether it’s doing wholesale deals or any type or real estate investing (finding seller finance deals, finding good buy and holds, finding good fix n flips, finding buyers, finding private lenders, building your team, etc).

This article will be more focused on the “Daily Success Activities” of a Wholesaler, but can be applied to most types of real estate investing (plus I think everyone should be doing some wholesaling in their RE business).  So like I said, no matter if you are full-time or part-time in real estate investing, you need to have goals, and you need to focus on the activities that will move you closer to those goals.  As a wholesaler, your goals are typically to close deals (flip houses and/or contracts for cash).  You determine how many deals you want to have done by the end of the year or how much money you want to have made from this.  That’s an example of a goal you could have – now how do we get there?

Here Are Examples of Daily Success Activities

  • Review your goals:  do this once a day
  • Education:  try to do 30 minutes of education a day:  Podcast, Audio Book, Video, REIA Meeting, Read articles, etc – don’t get bogged down by this( don’t want information overload or “paralysis of analysis”)
  • Marketing:  one of the most important activities – got to have leads coming in:  driving for dollars, writing yellow letters, posting Craigslist ads, calling Craigslist ads, building a website to capture leads, contacting buyers, putting out bandit signs or flyers, working on a direct mail campaigns, etc.
  • Networking:  You always want to be building your network – this is a people business.  REIA Meetings are great.  Meet other investors, realtors, contractors, title people, property management, buyers, lenders – anyone that can help you in your business
  • Talking to Sellers:  ranks very high on the success activities, the more sellers you talk to, the more deals you will get
  • Analyzing Deals:  the better you get at this, the less time you will need to spend, but will always be a part of your day.  Make sure you are getting good deals.
  • Face to Face appointments with Sellers:  normally an important step (can be done over the phone if they are not local).  Viewing/Inspecting the properties normally necessary
  • Making Offers to Sellers:  Can’t close any deals if you don’t make any offers – the more offers you make the more deals you will get
  • Closing Deals:  this is where you make Money( YEAY!).  Usually includes advertising a property, finding a buyer, open Escrow, Closing with Title Company or Attorney

These activities are fairly universal to anyone that wants to be successful in real estate investing.  You will want to track these activities on a daily basis to ensure you are moving towards your goals.  If you aren’t getting the results you want – just increase those activities.  Pretty simple right?  These things are all easy to do.  But they are also easy not to do aren’t they?  So track and measure them – things that get measured, get done.

We have a Real Estate Investor Daily Success Sheet that we provide to those who sign up for our FREE Fast Cash Crash Course on our website.  We also include a video to show you how to use the sheet on a daily basis and what activities to focus on – there is a scoring system (which makes it fun right?).  So go check it out and at least stick to these daily success activities that I’ve mentioned above, and you will be on the right track.  Best of luck to you and feel free to contact us anytime for help in your real estate investing business.

Matt LarsenMatt Larsen started buying and selling real estate in October 2012. In the last few months, he and his wife Courtney have done over 25 wholesale deals with no prior real estate investing experience, very little cash and none of their own credit. Now they are both full time real estate investors, work on their own schedule and report only to each other.

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