Switching and investing in real estate has many smaller steps including (this list is not exhaustive – it is intended to give you an idea of ​​what is involved):

• Raising capital
• Buyer Marketing
• Plant signs to generate buying opportunities
• Publishing newspaper ads for potential clients
• Network with other investors for referrals
• Contact banks or real estate agents (for REO properties)
• Negotiation with banks (for REO and short sales)
• compensations for running
• Marketing for sellers
• Plant signs to generate sales leads
• Publishing newspaper ads for potential clients
• Network with other investors for referrals
• Contact real estate agents for buyers
• Sell ​​the property
• answering the phone
• Obtain information from buyers
• Pulling on buyers’ credit
• House staging (optional but highly recommended)

You must realize that it is impractical for you to do all these activities yourself. So the natural question is: what should you focus on?

Anything that requires manual labor should be avoided. Manual tasks include things like putting up signs, any form of rehabilitation and/or staging. Similarly, we also delegate time-consuming activities (banking negotiations, getting your credit, and running comps).

Even if an activity generates income, you need to ask yourself: Should I be doing this activity or is it something someone else can do more efficiently?

Here’s a short saying one of our mentors shared: The secret to getting rich is writing a smaller check so you can cash a bigger one. Remember, there really is no limit to the amount of money you can make selling real estate, but your time is finite. Don’t spend it doing things that someone else could be doing, more efficiently. Spend your time wisely.