Rich Dad Education Blog

There are several ways to keep you motivated. Many of the techniques that help in this area can also help your business. One of the keys to being successful in real estate is networking to find other investors so that you can assign contracts. Networking can also help you put together a good Power Team and help you find properties.

There are many ways to network. The easiest way to find other investors in your area is your local Real Estate Investment Association (REIA) meeting. A quick search on Google will point you toward your local REIA. When you go to the REIA meetings, make sure you collect a business card from everyone there. If Realtors are at these meetings, it is likely they are willing to work with investors. If lenders are there, they have loan programs for investors.

The REIA meetings are a great way to refocus every month and be reminded that you can do this. If you are discouraged, ask other investors what kinds of problems they are experiencing. Ask the experienced investors how they get around similar obstacles. One thing to remember is that if someone tells you it can’t be done, it probably just means that they don’t know how.

Ask investors what they are doing for money and what strategies they are implementing in your current market. There is always a strategy to make money in real estate, but you must evaluate your market and determine which strategy will work best for you. The investors who are making money have a good Power Team in place. If you have an agent who is bringing you good opportunities, this will help to keep you motivated and focused.

Another way to meet other investors and exchange ideas is to go to conventions. This is a great way to renew your excitement and to meet people with whom you have much in common. You can ask questions, network, and find out what steps are working for others. Plan to go to your training classes. Whether you take them in person or online, the instructors know what is going on in the current market and how to be successful.

You can advertise to find investors or you can call investors who are advertising (“I buy houses”) in the newspaper or on bandit signs around town. If someone is advertising that they buy properties, don’t you want to talk to them to find out how they are doing it, what they are buying, and how much they are willing to pay for a property? These are people to whom you can assign your contracts.

Finally, you can visit the WIA discussion board at http://board.wiacademy.com.

As a company, we try to provide you with the necessary tools to be successful. This website has a huge variety of topics and links to help you in your business. The discussion board is a place where you can post your questions and get other people to respond with their own personal experiences. There is a section on this discussion board where you can post the potential properties you have available and find out if they are a good deal. You can network with other investors in your local area.

One of the obstacles we all face when we are trying to do an assignment of contract is finding another investor quickly enough. By posting your deals on the website, you have instantly let thousands of other investors know what you are doing. Granted, not all of them are in your area, but some may be. If you are worried that you may not have a big enough discount, post the information and ask others to comment on what they would be willing to pay for the property if they were in your area.

You can also find out what is working and what isn’t working for other people. Finding a hard-money lender is not the easiest job. You can look on the Internet, but how do you know if they are reliable? By going to this website, you can ask other investors who they are using. Who do they know and who have they worked with before? This is a great way to tap into a huge resource at the tip of your fingers.

When you go to your training classes, you will meet many investors, and the discussion boards are a great way to stay in touch with them. You can motivate and help each other as you are learning and doing at the same time.

The important thing to remember is that you are not going to build a real estate empire overnight. You have to build it one brick at a time. Set goals that are attainable. Once you have achieved those goals, set bigger goals. This is a career in which many become easily discouraged. I think that it helps to know when you hit obstacles that you are not the only one. I know it helps to network with other people who are out there doing the same thing you are.

Find ways to keep yourself motivated, find ways to get started. You can do this!