Yes, the latest and best real estate investing education programs today now provide a lot of information on using the web and Internet marketing to win at investing. However, your computer could be your worst enemy!
Why? While investing in an up to date real estate education course that includes tips on using the Internet to gather leads, research and sell homes is crucial, this is only half of the battle when it comes to flipping houses for big profits. A great real estate education program will teach you that managing the closing process after you get a contract signed is where a lot of the hard work comes in.
Social media networks, email and Internet phone services can be great for quickly building up contacts and keeping connected on the go. However, getting your deals closed and closed on time often relies on who you know and how good of a relationship you have with them. While many time management columns and books today may tell you to shun in person meetings to save time, it can be hard to concrete the level of relationships you need purely over the net and phone. Taking the time to do lunches, go to networking events and meet with key partners in the real estate investing process will go a long way to ensuring your career is a profitable one.
Who should you be focusing on building relationships with?
Attorneys
Mortgage brokers
Bank loan officers
Real estate agents
Insurance agents
Title company reps
Appraisers
Home Inspectors
General Contractors
No matter how great of a real estate education you get, there will be a time when your deals get stuck. Missing your closing dates can easily mean not just missing out on potential profits but wasted time and lost deposits. Being able to call on your mortgage guy or title rep you had over for a BBQ last weekend and get them to rush something through or get it waived can make sure you put those extra tens of thousands of dollars in your pocket. Suddenly taking that hour off from the computer and investing in a lunch meeting yields an incredible ROI.
