5 Principles For Winning In Real Estate
These five timeless principles will propel your success in real estate, and keep you winning no matter what’s happening out there.
1. Always Keep Moving
As a real estate entrepreneur you always have to be moving. You can take vacations and quality time out, and should. Yet, you can’t afford to stay stagnant. Celebrate your successes, but don’t think you can just lay back on your laurels and think you’ve made it. You’ll be left behind pretty quickly. The same goes for failures. You’ve got to be constantly trying things. Many won’t work out as expected. Just make sure you learn from the experience. Take inventory of the situation. Just don’t get stuck wallowing in depression. Get up and keep moving onto the next deal.
2. Stay Consistent
Anyone can hustle for a couple weeks. Anyone can pull off a great one hit wonder. The key to getting results, and continuing to enjoy success is to stay consistent. This is obvious when it comes to publishing content, following up with leads and making offers. What trips most up is staying consistent with budgeting. In the good times when money is coming in effortlessly in large amounts it can be tempting to spend and splurge a lot. This is actually the time to be saving and bulking up reserves for crises. When things get leaner many are tempted to stop spending. Yet, this is exactly when they need to stick to consistent marketing, or even increase their marketing spend.
3. Hire The Best You Can
Your real job as the owner of a real estate investment business is not to do the work, but to hire the very best you can in every area. This is your real role as a CEO. Hire the best marketer, customer service reps, acquisition and property managers, and finance experts. Do that, and you’ll get the results.
4. Know Your Odds
No business or investment is 110% risk free. A 9-5 job working for someone else definitely isn’t risk free either. It’s about taking calculated risks, for greater reward. Don’t bet a lot with the hope of a little reward, especially with lots of risk. Look for high return opportunities, with lower risk. Like wholesaling homes using high amounts of short term leverage in the form of transactional funding.
5. It’s Not What You Make, But What You Get To Keep
It’s not how much you gross that matters. It’s how much you actually get to keep. This can mean investing equally in protecting your gains, and growth. It can mean focusing on profits over more volume. It can mean educating yourself on more tax saving strategies and tools.
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"I want thank you for the excellent service I received from Best Transaction Funding.The quick response I received from your company from the beginning of the transaction and to the end was unbelievable. I also want to give a special compliment to you as well. You went to great lengths to keep me informed and gave my title company all the information they needed to complete a successful closing. I cannot express how thankful I am. Such service builds great working relationships. I will definitely recommend Best Transaction Funding to all my fellow investors. Thank You."
- Frank Olaitan, Real Estate Investor, MD
"I can't thank you and your company enough for providing funding for our latest project, and right at the last minute. You came through with funding in less than 24 hours and coordinated with the closing agent and attorneys like you had been involved with our project the entire way. I'll know exactly where to call for the funding we'll need for our next project."
- Dave Pricken, Real Estate Investor, NJ
"Thank you so much! I just had a talk with our Realtor on both properties and told him amazing things about your company!... Normally I rehab the houses and re resells them. I just don't have the patience for that work anymore. This [transactional funding] is such a better way for me and less stress."
- Steven Kupecz, Real Estate Investor, TN
"We want to thank you for the exceptional customer service you provided. No one comes close. We had contacted a competitor the same time we contacted your company. Your company responded with in a few minutes while the competitor has yet to respond weeks later even after multiple phone calls and emails. Thanks again for the unmatched customer service."
"We had looked into several transaction lenders for a couple properties we were trying to flip. Your company was the most responsive and had the best pricing. Even though we had logistics issues with the B/C lender, your company acted very professionally and handled our requests beyond our expectations."
"Thank you for your commitment to an excellent customer experience."
- Phoenix Properties, LLC, Ronald Destefani, Investor, PA
"I was studying on how transactional funding works and you guys had the best and most thorough explanations posted so I could fully understand the details in back to back closing. I'd already started setting everything up but your video confirmed that I'm on the right track."
- La'Donna Turnipseed-Scott, Investor, LA
"....a few months back, I happened upon a video, on your site, regarding the use of transactional funding with Hud properties; and I found myself replaying the video over and over because of the value that I saw in the message...it actually explained the process, step-by-step on how to submit a Hud deal by using transactional funding. Once I completed the video, my initial response was to take immediate action by duplicating what I had learned from the video into real time. So I did some research on properties in a market where I knew I had buyers; and put together a hud deal. I then located a realtor able and willing to submit my bid online and within a couple of days, to my surprise, received a call telling me that I had won – my very 1st Hud bid."
"To you I say, ”KUDOS to Best Transactional Funding and Thank you for providing the education and services to Real Estate Entrepreneurs like me. Please keep up the good work!'"
- T. A. Davis, Investor, NJ
"You each deserve high marks for your wonderfully quick response time to each of our questions and requests! You hit home runs with us! Your application system was easy to use. Our deal met your qualifications and every time Rob Kozak or any member of Mystic Properties, LLC phoned, we received a "real" person dialing back to speak with us.
Your patience and persistence were exceptional in dealing with our business interests. Thank you for such great customer service! We look forward to working with your staff, again, in the future. We like referring people to you, as us, our team would have missed-out on an excellent earning opportunity.
Your help negotiating with our title company made our back-to-back deal, finally happen. People noticed on settlement day how effectively and efficiently your part of the transaction was organized and executed. Again, thank you for truthfully being the "BEST" at what you do!"
- Diane McAdams, Mystic Properties, LLC, Real Estate Investor, Pennsylvania
"Boy, you guys are impressive! I can’t thank you enough for scrambling and getting my deal done at the last minute like that. You and your team were awesome!"
- Donna Bauer, The NoteBuyer Inc., Real Estate Investor, OH
"Thank you so much for working so diligently with me. Your services really are the "BEST". I look forward to working with you in the near future!"
- Ericka B., Real Estate Investor, CA
