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5 Steps to Automating Your Real Estate Investing

After 2 years and countless interviews with the most successful real estate investors in the US I have discovered a recurring theme of just what it takes to automate your real estate business. The following list is a compilation of the Top 5 steps to Automating Your Real Estate Investing.

1. Build a relationship with a good Realtor that specializes in helping real estate investors.

Every city has many qualified Realtors. The key is to find a Realtor that specializes in assisting real estate investors. Find other real estate investors in your market and ask them who they use. If they don’t work with a Realtor ask them for a reference. Still do your own homework. Find out what percentage of their business is derived from helping investors find properties.

2. Identify a couple of good mortgage brokers that can finance non-owner occupied homes.

Don’t make the mistake to believe that financing your residence is the same as financing an investment property. Search for mortgage brokers who can close “non-traditional” transactions. Don’t take someone’s word that they can close your deal, ask them to show you upfront.

3. Get the best property manager money can buy.

A good property manager can keep your units rented, the cash coming in and stay on top of repairs and tenant issues. A poorly equipped property manager can leave you with a bad taste in your mouth about real estate investing as a whole. Ask specific questions about how they handle tenant issues and what is included in their services. Always ask for referrals from other owners who have homes in your home’s neighborhood.

4. Identify a good real estate attorney.

You are looking for someone who is going to make you money and not cost you time. Make sure the attorney you choose was not chosen because he/she did a great job on your will. You must get an attorney that specializes in real estate law. Get referrals but feel free to ask for a free consultation. Find out what percentage of their business is real estate law. Also find out what they are comfortable with. If you are buying foreclosures at the courthouse steps find out what they think about that.

5. Pay Uncle Sam, but only what you owe him.

Get a good accountant. Just like your attorney make sure they specialize in real estate investing. They are harder to find but you can find them. The great news for you is federal IRS laws pertain to all states. Find the accountant that can work with the individual investor. If your accountant only works with real estate development firms, mid-sized builders and the like don’t assume they can help you. What percent of their business comes from people like you?

Remember it is not the amount of time you spend working in your business that makes you successful. Instead it is the amount of good people you have around you that are “covering your assets.” Learn to be a great purveyor of talent and you will spend less time making money and more time enjoying it.

The Home Based Business – 7 Steps to a Successful Business

Do you have a home based business? Are you dreaming of creating one? In this article we will discuss seven steps to creating a successful home based business.1. Treat your home based business like a real business. You are a business owner, a professional. Treat your business just like any other business. Get a separate bank account for your business. You need a separate telephone line and/or email dedicated for just your home based business.2. Don’t mix your personal life with your business. Create a separate space in your house. Your home based business needs a room of its own for your home office.3. Set specific work hours. You are your own boss. You need to be a strict boss and not let your employee slack off and not get the work done. Make a work schedule for working your business and stick to it. Don’t start working and then stop to take breaks to do things around the house. A good help is to get an egg timer and set it for an hour. Work diligently for that hour and then take a 5 minute stretch break. Then do it again. You will be amazed at what you can get done.4. Approach your home based business with self-discipline. When you have a regular job, you go to work some days when you don’t feel like it or don’t want to. A home based business is no different. Get up early and start working, even if you’d rather watch the TV or read the paper.5. You must be organized. Make a list of the things that you need to do every day. Prioritize them in the order of importance. Then do them. Cross them off as you do them. Again, you will be amazed how good you feel and how much you get done.6. Let people know you are in business. You must advertise to do this. The internet is one of the most cost effective ways to advertise. You can advertise through banner ads, forums, blogs, pay per click. Educate yourself on these methods. Much is available online. Print media and traditional advertising are also an option.7. Maintain your integrity. In order for you to stay in business and make money, people must trust you. If you maintain your integrity you will win the trust of your customers. Always under promise and over deliver. When the customer is pleased with what he sees in you and gets from you, he will automatically advertise for you by spreading the word about you, your products or services.Starting and maintaining a home based business takes work to be successful. Once created and up and running, it is all worth it. These 7 steps can be the beginning of a wonderful journey of self- discovery and the great feeling of accomplishing something you are proud of, a successful home based business.

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How To Succeed At Online Product Creation The Easy Way

Product creation could be a frightening subject for a lot of Internet marketers to face. Some folks who get in the game with the intention of making a full time income are completely ignorant as to how an online business operates. One of the most profitable ways to create online cash is by creating a product that others are happy to pay for.

Product creation is legitimate method of generating money through internet marketing but many entrepreneurs get it wrong. They start by imitating their Internet marketing gurus by creating information products on Internet marketing in hopes of getting rich the way their heroes did. The problem is that they usually don’t know what they are doing and enter a highly competitive niche with very little marketing experience or connections.

Here are a few tips for effective product creation that may help you get on the right track:
Start by finding a profitable niche with low to moderate competition. If you conduct some rudimentary market research and keyword research, you’ll find many opportunities in areas that will surprise you. Amazon and eBay are two great places to brainstorm for product ideas.

Developing Your Product does not have to be a difficult project. You can find experts in the right field for your niche and pay them to write the material while an artist designs the packaging and website or blog. You can outsource the entire product creation part of the project after you conduct the research and testing to ensure profitability.

Sales and marketing strategies should be created while developing the product and learning about the market. Some experienced marketers use pay per click to drive traffic to their offer page; some folks outsource the entire marketing campaign to affiliates through ClickBank or other affiliate programs.

Product creation does not need to be hard, particularly when the merchandise is electronic. E-books, videos, audio and multi-media products sell very well. They are distributed immediately to customers electronically. Once you have a good feel for a niche market, try to service your customers with associated products and upgrades. If you want to earn money online through product creation, you must understand supply and demand. The majority of new online marketers fail miserably because they go after highly competitive markets or forget to research their chosen niche properly. You have to create your products according to the needs, wants and desires of the prospective customers.

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