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16 January 2025 | 1 reply
.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers. Â
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29 January 2025 | 25 replies
At this stage of your life, communication skills are most important so be sure to develop those.
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31 January 2025 | 9 replies
Over time, you can quickly assess whether a deal is even worth further analysis before diving into detailed underwriting.
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28 January 2025 | 20 replies
At this stage you're probably better off investing that extra money into your primary business activity.What part of CA are you in?
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22 January 2025 | 13 replies
There is a storage deal that is actively being raised for over there that you can practice analysis on.
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22 January 2025 | 9 replies
If my deal didn't work out or didn't work out the way I expected, I'd do an analysis of what went wrong and switch only if the market doesn't suit my needs.Â
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2 January 2025 | 8 replies
Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.
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14 January 2025 | 8 replies
In my analysis the cost for an ADU in kern county would run about $85K and I have saved about 75% of that right now. Â
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21 January 2025 | 15 replies
It's fantastic you decided to jump in.. have you mapped out your first property analysis yet?
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5 February 2025 | 16 replies
.- It's not profitable for them to search for under-market priced houses, figure out repairs needed or what other problem is pushing the price down and do even more for a newbie investor that has analysis-paralysis and may never buy anything.Some questions you'll want to share the answers to with any agent you choose:1) Are you paying cash or getting a mortgage?