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Take Action & Learn As You Go...

Points of view from a novice investor who is taking action and breaking through comfort zone barriers. Share the adventure of a journey into the realm of real estate investing through the experiences and lessons from the very begining.

Build A Network

Posted on October 8, 2006 at 10:43 AM

"Creating wealth one property at a time... making connections along the way!"... that's the slogan I'm using to build up my real estate investor network.  Networking plays the largest role in helping novice, intermediate and experienced investors to locate their best deals.  In fact, research shows that 32% of investor deals are put together this way.  Those with the entreprenuerial/investor mindset are always asking “Do you know where to find a good deal?"... even better is to ask “Who do you know that I can network with?".  Networking is just another business building tool to add to your real estate investment business arsenal. 

 

Find a mentor, attend seminars, try to network with successful investors and create your own sphere of influence.  Establishing a network is vital to the thriving real estate entreprenuer.  By networking you won't have to focus as much time searching for leads and can focus more on putting deals together. 

 

Your network should consist of more than just other real estate investors.  Look to network with other professionals within the real estate industry such as bird dogs, real estate agents, mortgage brokers, appraisors and title companies... just to name a few.  Being knowledgable and having a variety of real estate professionals to network with also ads credibility to your name.  The more people willing to do business with you, the more trustworthy and well known your business becomes. 

 

One more way to network is to join up with your local and/or regional real estate investment club.  There you can exhange phone numbers, email address's and business cards.  It's a great place to share or learn about experiences and market your business. 

 

See you next week...

 

your friend,

 

Daniel Durham

www.regionrealestateresource.com


 

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