OfflineMany people that start the real estate get wrapped up in the little items such as the repair costs, viewing properties, and other ideas.
When you get right down to it all you need to look at is the numbers.
We have have all heard of the 25:1 offer formula. If you think of this as the way to run the business the emotion leaves.
Consider also the numbers when you look at profit you make per offer. Let me explain. If you make $5,000 and have made 25 offers you will have made $200 per offer you made. Again, this takes the emotion out of the business and allow you to understand the business as how many numbers you need to hit goals.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Hi Nate!
Missed you at the Edge this year.
You're absolutely right, it's all numbers and thinking of it as numbers can eliminate not only emotions, but the fear—
if you only have 1 buyer, therefore only 1 criteria to "shop" for, and you offer on 25 bulk listings in the "starter home" range your accepted offer may not be quite right for that 1 buyer. BUT, if you have 6 buyers and they all want props in the "starter homes", you have a better chance of the 1 accepted offer fitting 1 of their criteria perfectly-- less fear of not flipping the deal.
It's easy as 1,2,3--
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176
businesses are about numbers. Closing ratios, sales calls, offers made....it doesn't matter. The more effort put into any activity will pay off for you. Real estate is no different. Just get out there and work. You'll never earn a penny by staying behind the scenes just reading for months and months. Take action at some point or determine if this is for you. If not, that's okay. The first person you have to be honest with is yourself.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
Run the numbers
use the tool below and make it easy
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Yes numbers is very important in this business!!
Hardwork & Dedication