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Article Directory :: Business - General Articles
The key to building any business should start at the most obvious part. That part is where most people get mixed up at. It should be a step by step or blueprint type system or you will fail every time. If you lay out the foundation or cornerstone where to start at, you will have success because it has been proven time after time.
Donald Trump made an important statement one time. It go's like this, "If you want to be successful find some one who is already successful at what your wanting to do and duplicate to the letter exactly what they do!"
In the buying real estate investment properties business your visualization cornerstone must began in your own mind of what you wish to accomplish. You must paint the picture of this real estate investment venture. This is the hardest part actually because if you don't see the vision, you won't know where you're going.
Time doesn't matter. If you're stuck in the desert with a compass or a cup of water to choose from, you better pick the compass. You first must have the direction of where you're going with this thought your seeing in your mind.
You're the only one who "holds the key" to this visualization cornerstone because it's in your head. Building blocks come next or the ingredients. What tools are you going to need to make the vision come true? Since were talking about real estate what type of real estate are you talking about. Let's focus on the residential wholesale market. That's a good place to start with because most people live in a house, so they have an idea of the inner workings of a house. Actually a real estate wholesaler is like a contractor or a publisher. You're the one managing the whole process, your wholesale business.
Now decide on the particulars. Let's start with residential single family one to three bedroom, one or two baths in the less than $100,000 range. More tools will be the financing. Then you will decide how you're going to advertise buying your properties. Next find who you're going to sell the real estate investment properties to. The income you make will ultimately come from what is left between your buyer and seller less expenses. This will be attorney fees, advertising, title company fees, etc.
There is a good rule of thumb to go by that real estate investor Dole De Roost said. It's the hundred/ten/three/one rule. In a week you may scan a hundred property's to pick out ten to look at little closer. Then make an offer on three. Ultimately, you will be doing good to just buy one. That's actually his buy and hold ruling of a month but, you can change it to a wholesale investor property program to meet your own needs. In closing just remember to start at the visualization cornerstone first to have everlasting success in your wholesale business.
In the real estate wholesale market there are certain ways that things must be done. They are not hard things. But to be successful, they must be done correctly or you will fall short of your goals. Gary Cooper discovers the key to this process and now wants you to have it too! http://garycooperrealestatecornerstone.blogspot.com
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