Does it take time to be successful in Real estate?
Well, if you’re doing it the old “rentals and rehabs” way it does. In fact, doing it that old fashioned way it will probably take so long you’ll quit long before you’re a successful real estate investor at all.
But if you do things the right way, embrace a new and better way, and become a real estate entrepreneur, you can go from scratch to successful very quickly.
I’ve had students who started from scratch and made their first deal in less than a month. In fact, one student did seven wholesale deals the first month after learning how!
So it doesn’t take years and years. But does it take many hours of your time each week?
Some people think that anything that’s profitable MUST take a huge amount of work time each day. And I will gladly tell you that is NOT the case.
In fact, the main reason I LOVE real estate so much is because it takes only a part-time effort to make more than I could at a full time job, now that my business is up and running.
You do have to do some good ol’ hard work upfront to get everything in place, but once you do that (and you only ever have to do it once), it only takes a few hours, two or three days a week to run your entire empire.
Truthfully, the more time people spend working in real estate, instead of working ON their Real Estate Business, the more likely they are to screw something up.
Hey, you can screw up anything if you mess with it enough!
There are only three things you need to do all the deals you could ever want:
1) A system for finding great deals, Wholesale and Retail, consistently
2) The know how to buy or control those deals, and
3) A system, for selling those deals fast and for the best price
Most would-be investors never even realize they don’t have a system. They spend hours and hours, and many days each week, for months at a time looking for deals. And since they never manage to find more than a deal or two in their whole careers, they never even realize they don’t know how to control or sell those deals.
That’s nothing but a huge waste of time and resources. Especially when, these days, this has all already been done for you if you just plug in.
Look, the guy at McDonalds doesn’t guess when to flip the burgers. He has a system that tells him exactly the right instant. And the cashier doesn’t guess what to charge. It’s all built in to the system.
And McDonalds has built a multi-billion dollar empire run by the least expert employee base of all. That’s the power of a system.
Is it really that easy? Well, it is now.
See, when I got started many years ago, there was no system.
No one had ever streamlined the process to be as simple as “is it a wholesale property, or a retail property?” If it’s Wholesale, you do it one way, if it’s Retail you do it the other way.
What you really need is to build – or plug into – a system that delivers deals and buyers to you automatically.
So if you can get a basic understanding of two types of deals- wholesale and retail – and you can follow a simple, step by step system, then you can be successful in Real Estate in a very short time.