Getting Lucky in Real Estate
Getting started in real estate investing is sometimes a mixture of luck and skills. Your first opportunity in the industry might occur as a lucky coincidence. If you want to scale that extraordinary circumstance into a skillful experience, real estate experts will help you secure a fortune of a lifetime.
How did Glenn and Amber Schworm turn luck into skill and earn about $75M using real estate investing?
LUCK DEMANDS FOLLOW UP
We can get lucky at anything, but luck often requires action. The harder you work, the luckier you’ll become.
Let’s use the work ethic of the 3rd president of the United States.
Thomas Jefferson was an architect, scientist, inventor, philosopher, and farmer, in addition to writing the Declaration of Independence. Jefferson experienced a mixture of good luck and hard work over his lifetime. In the real estate investing industry, hard work is essential. Well-established real estate investors have an easier time with routine requests because much of their company data is already on file.
Your great idea and good luck are not enough.
The best way to prepare for and finance a new real estate business venture is to research and write a business plan.
10 Components of A Solid Business Plan
2. General Company Description
3. Products and Services
4. Marketing Plan
5. Operational Plan
6. Management and Organization
7. Personal Financial Statement
8. Project or Startup Expenses and Capitalization
9. Financial Plan
Luck will only take you so far, but financing can be challenging to acquire. It is impossible to scale your luck into a successful business brand without a solid plan and preparation.
Relentlessly plan and prepare for success to get luckier in future endeavors.
OVERCOMING DIFFICULTIES DOING DEALS
We reduce the pain and difficulty in your deals with the proper training.
There are some common pain points that you can manage in the real estate investing business. Real estate transactions rarely go smoothly – there will always be something that will go wrong – this is what we call pain points.
Many circumstances can cause paint points to include:
• Unexpectedly low appraisal
• Home inspection that identifies major problems
• First-time buyer experiencing second thoughts buyer’s financing falls apart
• Investing time but not securing the listing
Real estate investors can learn from the success strategies and tips from Glenn and Amber Schworm at the Home Flipping Workshop training.
Afterward, you can avoid making some of the deal-breaking decisions and overcome the difficulties that lead to mistakes and losses.
CREATING A GOOD PROCESS
Don’t gamble on your success; use what works. Your odds in the real estate industry are a lot better than winning the lottery.
Unsustainable luck has a lot to do with chance, but if you take the time to create a process, you’ll feel lucky every time.
The Home Flipping Workshop offers a free script that outlines details for real estate investors. It’s a guide to use when contacting realtors and other sources.
At first, real estate can feel like luck when the following incidents occur:
- Stumble on a hot deal
- Clear lots of money on your first deal
- No problems with construction on a great deal
A hot real estate market will forgive many mistakes – this is what some people call luck, but a basic system can almost guarantee a huge win in this industry.
The script supplied with the Home Flipping Evaluator Tool will provide you with the questions you need to ask and things to look for when you stumble upon a good deal.
It will also provide you with need-to-know information for turning luck into skills. Every good real estate investor has a process to use to take action and stay in the game. After formulating your business plan, create a process that starts with finding the house, funding the project, fixing the deal, and then fixing the house.
This solid process will make you feel lucky every time. It’s the best way to sustain your business in a rapidly changing real estate industry.
EXPERIENCE ELIMINATES EFFORT
Time and experience often make any process feel effortless.
The basic premise of an experience is not merely purchasing a real estate property but buying into an adventure. Gone are the days when traditional real estate models determine the dividends and outcomes of every deal.
The industry is rapidly evolving.
Today’s tech-savvy investors, cognizant of industry best practices and demands, want personalized interactions from experienced real estate investors to eliminate undue efforts. They understand that they are lucky to find well-experienced investors willing to train others in the industry.
Gaining insight, wisdom, and direction from experienced investors leads to brand recognition, higher occupancy rates, and enhanced overall business value.
Decades ago, real estate was primarily a broker-controlled industry with standard practices. In more recent years, the market has changed.
We have more qualified, better versed in industry technicalities, and more legally astute like Glenn and Amber Schworm. They are teaching students how to navigate the diverse real estate market. They use technological breakthroughs, accompanied by internet penetration and a surge in hand-held devices, to radically transform the industry.
The Home Flipping Workshop uses digital marketplaces to redefine the industry and help real estate investors adjust to ever-changing circumstances. Real estate transactions are inherently capital-intensive. Students are engaging in potentially life-changing financial transactions when buying a property.
Therefore, real estate investors must uphold the highest level of transparency every step of the way. On the flip side, poor word of mouth can adversely impact the business’s bottom line.
Real estate diversification can expand the original market and unlock untapped potential for investors.
GET TOOLS TO LEARN THE MARKET
Use tools at your disposal like Home Flipping Evaluator Tool to learn the market.
You were lucky enough to stumble upon this article, but let’s be realistic; now, you’ll need to start the process of making your dreams come true. Trainers and advisors at the Home Flipping Workshop are prepared to teach you step-by-step and walk you through the process.
During the 3-day Home Flipping Workshop, you will get answers to questions like:
• When should you pay down personal debt?
• How much should I expect to put down on a mortgage?
• What do I look for when aiming to find the right location?
• Should I buy or finance?
• Are there stipulations to securing a loan for a rental property?
• When financing is needed, what do banks prefer from borrowers?
Take your luck to the next level and secure the financial freedom you deserve.
Act now to get on the fast track to financial freedom because life requires more than sheer luck for real estate investors.