We all may know what it takes to succeed in the world of real estate investing and build a low-maintenance business that offers numerous sources of passive income…but sometimes we need a little extra push in the right direction.
I hope the ABC’s of Real Estate Investing will give you the push you need. Here is a list of “Action Items” to help you achieve your real estate investing goals!

A is for applying what you learn

This is the fork in the road where you choose success or failure. 98% of students spend tons of money investing in their education, but never really apply what they learn. Make sure you are a 2%er!

B is for believe

The path to success begins with believing in yourself. If you don’t believe you can do something, you won’t. Believe in yourself!

C is for carefree

When things go wrong, do what it takes to fix them, but don’t let your business problems seep into your personal life. Relax, we all make mistakes and things occasionally go wrong in this world! Be a smart investor, but have a carefree attitude!

D is for diversify

Never rely on having only one method or stream of income! Things can change without notice and it’s always smart to branch out to have a backup.

E is for education

Your education in this business is the foundation for success! I always say that if you don’t grow, you die. So keep learning and growing! Your business will prosper thanks to it!

F is for focus

Finish what you start. It’s easy to get distracted by the “latest and greatest” program or method. Instead pick and focus on one system and stick with it until you make a good profit and then look for diversification.

G is for goals

Set them, review them, and be proud of achieving them! Challenge yourself, but be realistic when setting your goals!

H is for Utility

The golden rule is an ancient purchase gift! By helping others, the favors will be returned. Share your experiences and be willing to listen and learn from others. Kindness and knowledge sharing will accelerate your success!

I’m for information

You can’t underestimate the power of solid, accurate information!

J is for joint ventures

You don’t always have to do it alone. Aligning with others to make deals you might not be able to do on your own. Joint ventures allow you to tap into each other’s strengths and increase your power by working together. Joint ventures must be beneficial to all parties involved.

K is for K weapon

In short… What comes, goes. If you always try to do good to others, it will actually come back to you in some way, shape, or fashion.

L is for listening

Listen more than you talk. The learning process never ends. It is a continuous thing. You can learn a lot just by keeping your ears open a few times!

M is for making offers

This is the key to your success and the livelihood of your business! You will never learn to swim if you don’t jump into the water. Make offers. What an owner asks for a property is not always what he is willing to accept.

N is for network

Stay in touch with other real estate investors and people in the business. You will learn that many of these people will be a valuable resource to you at some point in the future. The real estate investment community is very small, believe it or not.

Or is it to outsource

Learn how to outsource or delegate tasks to others. You should concentrate on the profit activities and marketing of your company. Let someone else take care of the other details. It will save your sanity and help you make more money faster.

P is for profit

Never give up. The profit you can make in this business in one deal is worth every ounce of hard work! Wait until that first big paycheck, you’ll see what I mean!

What is to stop smoking for the day

Don’t work all day, every day. Set your hours, plan to work, stick to them, and then retire for the day when the time comes. You’ll be more focused during the time you’re working, and you’ll also enjoy your free time more.

R is for research

Do your homework! Research is critical to making sound financial decisions.

S is for spending money to make

Money

It’s no lie, spending money to make money is much easier than trying to build a cheap business. Make wise investments in your business and the profits will come.

T is for action!

I can’t say it enough, just do it! There will never be a “perfect” time or date to start in this business! Money can be made if action is taken. You are missing every day that you put it off!

U is for understanding your markets

To be successful in any real estate market, regardless of what phase of the economic cycle we are in, you must do your homework, due diligence, and research. There’s a reason all investors are spending their money and buying property as fast as they can in “certain cities” at “certain times.”

V is for value

Add value to your customers. This doesn’t mean undercutting your competitors by offering the lowest price, because it’s hard to be profitable that way. Go the extra mile with customer service.

W is for Win Win Location

This is one of the most valuable assets you have in your utility belt; know how to create win-win situations in the deals you make. If you can structure deals that make money for everyone, you’ll not only make a profit, but you’ll also set the stage for future deals.

X is for X-It Strategy

You want to make sure your business can keep running when you’re gone…or that you can easily sell your business if you need to get out together. The more organized and systematized your business is, the easier it will be to do it. Plan your X-it strategy now, so you’re ready when the time comes.

And it’s for yawning

If you’re tired and unproductive, step away from your computer or phone for a moment. Proper rest is important!

Z is for heat

Find something you love. Without enthusiasm, it can be difficult to run a business and keep it going. Pick a niche in real estate that you love and go for it with enthusiasm!

For your success!