3 Tools ALL Real Estate Investors Need
One of the most common bits of information the Real estate investors always ask each other is "What tricks of the trade or inside tidbits can you share with me??" I always answer this question with a question..."What tools do you have in your investment toolbox?"
OK...Hey Doc..what do you mean "Tool Box". Okay...let me explain it ad tell you the 3 important areas that make it up.
1) Grey matter tools: This is the in your head part of the tool box. It is the manner in which you think about investing, the guidelines you use to select investments as well as ALL the information you call on every time the prospect of an investment even shows its self. It is the investment filter you have developed for yourself.
It is about gathering all the info you can in order to be able to think about investing and where it can lead you.
THINK ABOUT THIS: Every book store has some vast collection of books on real estate investing. You should take the time to add them to your reference library at home. Why? Because if some guru writes a book on RE investing that sits on the national booksellers ten best for 35 weeks...what do you think the chances are some one you will deal with has read that book? If you know what factors some one uses to make a decision...you have a better chance of influencing WHAT THEY DECIDE.
The E-tool box: Your online tool box. What websites are you useing online over and over. Most real estate investors only use a few sites. I have found this can lead to a sort of tunnel vision or what I call "INFO INPUT SHUT DOWN".
Ok so how do you avoid Info input shut down? You have to open your tool box up to get some fresh tools.
Just go to the free email server of your choice...create a new email address that you will use to collect email updates/newsletters from various websites. then go thru them at your leasure.
Once you join an email list..no matter what stay with it for at least 6 months. (Not all great investment tidbits are sent out at first.) Email lists to get on are for: investment clubs, investment blogs, investment reference sites, etc, etc.
I avoid most of the "pop up" mailing lists for the simple fact that if the info they offer is any good?someone else is going to share it and it will cause enough of a buzz that you will hear about it. If that the case then go ahead and join it.
Other online Tool box sites are certain "E tools". These go way beyond having a mortgage calculator online. We are talking about tools that you are almost chomping at the bit to try. (I have to admit I have a few of these in my Tool box?I use them every day) When you find these tools you will just know it, find them and BOOKMARK them!
3) And last but not least... actual physical, hold in your hand, tools. It can be a great "go by list". A solid flash light. anything that makes the time in the field looking at investments easier.
So there it is..the outline to your toolbox. Build one...update it often..and USE IT DAILY. - 23311
OK...Hey Doc..what do you mean "Tool Box". Okay...let me explain it ad tell you the 3 important areas that make it up.
1) Grey matter tools: This is the in your head part of the tool box. It is the manner in which you think about investing, the guidelines you use to select investments as well as ALL the information you call on every time the prospect of an investment even shows its self. It is the investment filter you have developed for yourself.
It is about gathering all the info you can in order to be able to think about investing and where it can lead you.
THINK ABOUT THIS: Every book store has some vast collection of books on real estate investing. You should take the time to add them to your reference library at home. Why? Because if some guru writes a book on RE investing that sits on the national booksellers ten best for 35 weeks...what do you think the chances are some one you will deal with has read that book? If you know what factors some one uses to make a decision...you have a better chance of influencing WHAT THEY DECIDE.
The E-tool box: Your online tool box. What websites are you useing online over and over. Most real estate investors only use a few sites. I have found this can lead to a sort of tunnel vision or what I call "INFO INPUT SHUT DOWN".
Ok so how do you avoid Info input shut down? You have to open your tool box up to get some fresh tools.
Just go to the free email server of your choice...create a new email address that you will use to collect email updates/newsletters from various websites. then go thru them at your leasure.
Once you join an email list..no matter what stay with it for at least 6 months. (Not all great investment tidbits are sent out at first.) Email lists to get on are for: investment clubs, investment blogs, investment reference sites, etc, etc.
I avoid most of the "pop up" mailing lists for the simple fact that if the info they offer is any good?someone else is going to share it and it will cause enough of a buzz that you will hear about it. If that the case then go ahead and join it.
Other online Tool box sites are certain "E tools". These go way beyond having a mortgage calculator online. We are talking about tools that you are almost chomping at the bit to try. (I have to admit I have a few of these in my Tool box?I use them every day) When you find these tools you will just know it, find them and BOOKMARK them!
3) And last but not least... actual physical, hold in your hand, tools. It can be a great "go by list". A solid flash light. anything that makes the time in the field looking at investments easier.
So there it is..the outline to your toolbox. Build one...update it often..and USE IT DAILY. - 23311
About the Author:
Doc Schmyz has invested all over the US and Canada. He built a free website shares Real estate investing information for all over the US. Find Real estate investing information by state
posted by Mr. Forex at
3:07 AM
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