First 90 Days Are CRUCIAL to Real Estate Investing Success

Today we are going to discuss how crucial the first 90 days are to real estate investing success. Although the process of getting things started can be daunting, those who take it one step at a time will in fact build the foundation they need. First and foremost, within the first 90 days it’s important that you find the team you need to create the life that you want. Where do you start? Let’s take a closer look. 

How can you find good properties?

Investors need to focus on finding wholesalers and realtors within the first 90 days who will send them good deals. Real estate investing is all about finding good deals that are undervalued. To clarify, a wholesaler’s main focus is finding properties and selling them to people who want to fix them up. This marketing machine is an excellent resource to find properties that are in disrepair without having to work directly with the seller. Keep in mind that there is a fee. However, by forming relationships with wholesalers, it will result in profitable investment opportunities.  

Example:

An undervalued property $200K

The ARV $400K

The wholesaler is selling for $225K

If you put $100K into it, you would make a $75K profit on the property. 

Finding a lender who wants to work with you.

It is imperative that real estate investors find lenders and bankers who love to work with investors. In fact, not all of them will work with you on your investment properties. That is why having a list of what they offer and  available products will set you up for sucess.

In conclusion.

In a nutshell, you need good deals, as well as money in order to be successful! You can’t find good deals without money, and it’s no good to have money if you don’t have good deals. By finding your team members, you will be able to build your investments quickly and easily. It will also allow you to focus on the numbers and repairs as opposed to dedicating all of your efforts into finding properties. Do you need help accelerating the process? Not sure where to start? Contact us today to find out more!  

Watch our most recent video to find out more about how the First 90 Days Are CRUCIAL to Real Estate Investing Success.