Diary of a Newbie Real Estate Investor

   Good morning folks,

No, I’m not a newbie real estate investor.  But, I am currenty going through the Brownstone Wholesaling for Quick Cash program as a refresher and to get my wholesaling moving at a higher pace than it has been over the past year.  Life is life and it’s gotten in the way of my wholesaling with so many things going on.  I also wanted to hold myself accountable, so what better way to do that then to blog about my progress.  And, I made sure I put on some newbie glasses and blog as to my progress for the folks out there who are looking to get started out there and may be interested in a program. This coaching session is closed out because the folks at Brownstone only want o work with a small group of people at a time.  But, you can check out the video in the link above and get put on a waiting list for the next one they launch.  We are in the second week and I highly recommend the program.

In the program, we have learned about a variety of different ways to find deals.  So many, in fact, you would get lost and confused if you tried to implement them all.  Brownstone says to focus on 3.  Per their instruction, I put together a marketing plan that focuses on implementing those 3 ways to find deals.  The key is to take action..so, that’s what I’m doing.  And, I admit, over the past few years, where wholesaling is concerned, I haven’t been taking alot of action.  That’s not to say I haven’t wholesaled properties or made some connections to earn income.  I have, but, honestly where lead generation is concerned, I lucked out on some deals when people contacted me through the Boston AREIA website.  It wasn’t because I was implementing specific marketing strategies.  Life got in the way of what I had been doing consistently 3 or so years ago and I just halted everything to focus on the things going on in my life.  I can tell you from this experience, if you want wholesaling to be one of your main streams of income, you need to be consistent with your lead generation. 

I set up my plan and my schedule.  I’ve found that I have to have something listed on my schedule in order to complete it.  I believe in balance, so I made sure to schedule in family time as well.  The first thing I did when setting my schedule was to cross off times that I absolutely cannot work on my wholesaling business.  So, if you have a full time job, cross off all the times where you are working.  Cross off family time and you time.  Make sure your shedule is balanced and something you can manage consistently.  If it not managable over the long haul, you won’t do it consistently.  Heck, I’ve actually had to go back and review it and I had t put it into my google calendar so that I get a reminder – “HEY, IT’S TIME TO WORK ON WHOLESALING”.  I had to do that because life gets in the way.  You work all day, you get home, you are exhausted and have to cook dinner and take care of the family and before you know it, it’s bedtime and you’ve done nothing towards your wholesaling business.  And, if you do nothing in your business then nothing is going to happen in your business.

Ok..so, WHAT did I choose for marketing?  Well, of course I chose online lead generation as one way.  I’m ramping up my wholesale website. I’m networking with real estate agents, folks in the industry and folks outside of the industry and I am doing some direct mail marketing.  It’s a little early to have received leads, but, I will keep you up to date. 

I am into week 2 and I really appreciate the scripts that Brownstone has made available to students.  They take away that fear…you know, “Oh my gosh, what do I say when a homeowner calls me?”  Yes, I know what to say to homeowners…but, they are a great refresher and with my newbie glasses on they are a great tool to help students become successful. 

Well, I’m off to do some marketing for my wholesaling business.  Feel free to reach out to me with questions, see you at the next meeting.  Be sure to bring LOTS of business cards as this is our networking extravaganza!!!

Happy Investing!

Bernadette Trafton, Chief Connector

  

 

 

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