Thursday, May 7, 2020

How to Create a Plan So You Succeed in Real Estate Investing - Street Sm...

https://streetsmartinvestor.com/101-cashflow-accelerator/how-to-create-a-plan-so-you-succeed-in-real-estate-investing-street-smart-cash-flow-accelerator-1-2/

Lou Brown has been buying, selling and holding property for 40 years and you are about to discover what a lot of so called gurus are missing.
* How to buy all the property you want without ever visiting a single bank or needing to qualify for a loan…
* How to have a buyer or renter before you even buy property…
* How to have them already pay you money before you sold them anything…
These are exactly the kinds of deals he does day in and day out. Most 'investors' are getting it wrong. It's not about the property, it's about the buyer. Buying right and buying cheap is what you'll do after you have the buyer.
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Hi! It's Lou Brown. With another one of my 101 ways for
real estate investors like you to win and close more deals to accelerate your
cash flow. Today's tip is number 1. And let's see what it is. "Have a plan
of action such as a business plan before you start". Well, it's a funny
thing. I've worked with real estate investors all across the country and for
many years I've been teaching since 1987. And one of the things I discovered is
that a lot of people, whether they've already started or just getting started,
don't have a plan. Now, what I mean by plan is you got to figure out what
you're up to. What are you trying to create with your life, with your business?
And one of the things that I always think about is the fact that when you get
on an airplane, the oxygen mask drops down.
And what do they say? They say, put it on yourself first.
So one of the things that you got to do is take care of yourself first. Your
Ego. You got to get the stuff that you want. You know, God created an amazing
planet. And there's all kinds of wonderful things on here for us to take
advantage of. So what resonates with you? What makes your heart sing? What's
your list of stuff that you want? I've got a few examples for you here. Now,
what is it that you want? Is it houses? Is it cars? Is it boats? And you know,
I've got S's here, right? Is it college? Is it college for Yourself? Is it
college for a family member, for kids, for our grand kids? Is it something that
you want to give to someone else in terms of education? How about travel?
Travel to where? Where do you want to go in this incredible world?
It's a beautiful planet. The only problem is all the good
stuff is not together. It's spread out all over the place. So where do you want
to go in your life and what kind of experience do you want to have? RV's? You
know, what kind of Rv do you want? Now what are you going to do? And what I
want you to do is when you make this list, be specific. So like houses. Where
do you want these houses to be? And how large do you want the house to be? And
how much is that house going to cost? You know, start to think about what it is
that you want. Start to cut out pictures of things or print out pictures off
the internet. What is it that is in your dream, in your vision of what you
want?
Cars, what brand do you want? What year? What make? What
model? What color? Boats, what model? What length of boat? What style? Is it a
yacht? College. You know, where? How much does that cost? Let's put a list
together. Now what I want you to do is make that list. Add everything up. And
draw a line. And that's your number. That's your big number, but there's a
second number I want you to come up with and that's your monthly number. What
does it costs to own this thing? What's the monthly that we need to have coming
in, in order to be able to accomplish those goals? In order to have those
things and to keep those things too. So airplanes, shoes. I had one student,
she wanted a budget of $10,000 per month for her shoes. Now, so it's whatever
you want in your life. Let's make a list. Let's have a, let's have a great
plan.
Now what we're going to do is come up with that big
number. Cause what I've discovered is there's a formula and what we're going to
do is follow a formula in order to build the size business that you need in
order to accomplish those things.
I hope you enjoy this and will use it. I know this will
make a difference in your profits. I'd love to share more of my profitable free
tips with you. How can you get more? Well, depending on where you're seeing
this. Please like it. Love it. Comment on it. And subscribe. Share this with
your network too. Yeah, baby! Thank you for watching. And I hope to see you
soon.
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