As a real estate investor, chances are you’ve got some downtime in between investments. Of course, you’re probably continually working your marketing plan, waiting for more leads to come in. But what else can you be doing in between your investments?
Here are three things you can concentrate on to ensure your continued real estate investing success:
1. Invest in your mindset
Always take time to invest in your mindset. You want to commit to growing your business and in your personal life. Business wise, you want to grow wealthy, so be sure to invest in building your wealth mindset regularly. Read books, blogs, watch your Foreclosure Investing Mastery videos, and so on. We’ve got plenty of resources that will inspire and motivate you to become the best version of yourself and grow a prosperous business. Be sure to feed your mind each day to stay passionate and motivated.
2. Get to know your area better
Take time to get to know your target area better. Get out and drive the particular areas you’re interested in investing in. You might even want to get out and walk some areas too. Be sure to check for stickers on doors and windows, which is a sign that the home is vacant or in foreclosure. If you see houses with overgrown weeds, do a little investigating to see if that home is vacant. Talk to neighbors or take down the address and do some investigating online. By really getting to know your target area and keeping an eye on it consistently, you may come across a home for sale or one that is headed into foreclosure and have first dibs on it.
3. Work on your sales pitch letter
In between investments, work on perfecting your sales pitch letter to homeowners. This way, when you come across a home for sale or a vacant house, your letter will be ready to send out immediately. Be sure to let them know that you’re in the business of helping homeowners sell their homes quickly. Let them know that you empathize with their housing concerns and it would be your privilege to assist them in getting their house sold fast. Also, just in case they do not want to sell right now, remind them to keep your letter in case they decide to sell in the future.
There’s always something you can be doing in between your investments to help your business continue to grow. Use these tips as you move forward with passion and purpose as a real estate investor, continually preparing yourself for each deal that comes your way.