Warning: Don’t Even Think About Investing Until You Understand the 7 Habits of Highly Effective Real Estate Investors - Part 1 and 2

Time Blocking

One of the most important keys to successful business (whether it be real estate investing or not) is the process of time blocking. This activity requires setting time aside for high priority tasks. Time blocking should take place in both your personal and business worlds. A great way to gain ground on your adversaries is to block time for activities outside of your primary business. These activities way include exercise, vacations, and even spa days. Personal time creates a renewed self and should be very high on the priority list for any business person. When you’ve set aside this personal time, you’ve created an extraordinary edge. Every business person must then turn around and block time for the tasks that a day cannot go without. In the real estate investing world; running comps, making follow up phone calls and sending emails, going on appointments, and marketing are the major functions of a principal of any investing business. Just as the personal time should be distributed, the blocking of time done for your business should be carried out without interruption. You are simply creating mini appointments with yourself that you should honor as if they were with others. This 1^st habit will certainly turn you into a Highly Effective Real Estate Investor.

Proficiency in Property Valuation

If you are a plain Jane investor who wishes to know exactly what you should offer on a property, you are ahead of the game. A lot of investors fail to use formulas when they calculate whether a real estate investment lead is actually one at all. Calculating the amount of equity in a deal is futile if your percentages aren’t correct.

What to offer: On a standard cash purchase an investor should be looking to spend no more than 65% of the value less the repairs needed - based on the sales of the homes in the same subdivision with the same specs. Homes that exist amongst new construction and shopping areas must still prove their worth through SALES. There will be no question whether a lead is a good deal or not. If you are having problems with Property Valuation, visit www.RealEstateCompRunners.com, they can definitely help you. This 2^nd habit will put you in another league of Highly Effect Real Estate Investors

Blessings to Your Real Estate Investing Business,

Milton B. Yates

www.miltonyates.com

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