California Investment Property: Why You Need Systems?}
California Investment Property: Why You Need Systems?
by
Frederick Barnes
Systematizing their hamburger making and selling business is the main factor that amazes me about McDonalds. Their system is so effective that it enables high school students to successfully do it on their own. It is the same system, which enables them to become a multi-billion dollar company today! The same thing applies to you as a startup real estate investor hunting for your first
California investment property
, if that is your target much like most people do.
To become successful in
California investment property
investing or real estate investing in general, you need to have systems for buying and more importantly, systems for selling properties real fast. If not, your real estate business will depend on you. The trouble with that is this…
Normally, you are energetic and excited in your first deal. You started your marketing efforts to attract motivated sellers for a
California investment property
. Answering the phone is so exciting while making several offers. Excitement even increases as one of your offers got accepted. Finally, you have a deal to work on.
In an effort to sell the real estate property, you started anxiously putting out marketing out there. Once more, excitement heightens up while answering the phone to pre-screen motivated and qualified buyers of your real estate property. Several weeks passed and finally you found a buyer. Now its time to submit all the papers needed to the title company for the closing. What more can be exciting than thinking about the large amount of money that you will make from the deal? While waiting for the closing, you also ask Why can’t we get this done with sooner and faster?
There are two scenarios that can happen here.
The best thing that can happen is that you get the deal closed and you get that BIG, FAT check that Trace promised. Alright! However, you realized that you do not have a deal coming up. In short, you dont have a pipeline. You are back to zero and need to do marketing again to hunt for motivated sellers. In your previous goal-setting activity, you targeted to buy one house per month. However, you noticed that three precious months already passed and yet you dont have any deal to sell.
Lets get to the worst case scenario, your
California investment property
deal falls through. There are several reasons why this can happen:
1. Some title issues
2. The buyer backed out
3. The seller got angry at you when he found out about all the money you would be making on the deal.
In an instant, the BIG FAT check is gone, no upcoming deal as back up and not to count the three precious months that you lost. And quite possibly, you have no more funds for your next marketing efforts. Now you start to blame Trace and say that this stuff does not work. With that in mind, you quit and abandon your dream that automatically included you to the 97% of start up real estate investors who will never acquire their first investment property! It is my hope that you will not be one of them.
Theres one thing that you can do to prevent any of these things from happening to you. You need to have systems. Devise a system for buying, selling, financing, and yes, even closing your property deals for a
California investment property
or your real estate business. When this system is ready, you have a better chance to get
1. A pipeline of houses/properties to sell
2. A pipeline of qualified and eager buyers all wanting to have first crack of your deals
Frederick Barnes is an article marketing assistant of Trace Trajano for BuyFirstDeal.com. Discover the secrets on how to sell a
California investment property
fast. Visit us and network with other real estate investors at
BuyFirstDeal.com
to learn cutting-edge tips and strategies to help you thrive as a real estate entrepreneur.
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