Wednesday, July 15, 2009

Start in Your local area

The great thing about Real Estate is even though it’s local in nature; you can have several local areas across the country to invest in at one time. How would I do that you say? Well the best way is to pick a 10 block area in a town or a 30 mile in the urban area and learn everything about the real estate in that area. Focus on that area and set your systems in place by finding your team members that you will be working with there and then start studying how that local marketplace is working.

Set your local criteria for you buying property and then send your team to go find theses property. Use the right exit strategies and start collect profit and repeat, Get looked at as the expert in your field in that area of your target area and start training others to do more of the work within the area. Once you have your team working for you in your system and the profit is coming in from that area it is time to expand.

Take what you learn from that area and expand to other area nearby or you can start somewhere else using the same system?

Just to make you think about what you can do. More steps to come next time.

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