Everyone wants to relax more, right?
Did you know there are even one of those funny unofficial holidays specifically for relaxing? It’s called “Relaxation Day”, and it happens to be today, August 15th. (True story.)
Like most investors, you probably got into real estate investing to change your lifestyle and earn the personal freedom that it takes to kick your feet up more often. Makes sense. That’s why I got into investing, too.
The problem I see with so many investors is that they focus more on working hard than they do on working towards their goals. They are not the same thing. Thinking that hard work alone will get you to your goals is a lot like thinking gasoline alone can drive you across the country. You need the right vehicle to put your hard work in, or you’re just burning fuel in one spot.
In observance of Relaxation Day, I thought I’d share a few tips with you about how to make real estate investing easier. When you do it right, investing should feel more like a day at the beach than a day at the office. And there’s nothing wrong with that.
But doesn’t real estate investing also take hard work?
Of course, it does. Just like a really fast car won’t go anywhere without gas in its tank, a great investing strategy will fall flat without work behind it.
The trick to being a successful investor and achieving the lifestyle you want is to learn to work smarter. A smart strategy gets you a faster car that can cover more distance on the same amount of gas.
Work . . . Like an Investor
The most successful real estate investors get more done while doing less of the work themselves. They pick up tools and learn strategies that save time and effort. Ideally, they get tools (and other people) to do their work for them.
If having other people do your work for you sounds unattractive, I suggest you get out of investing right now. Wealthy people become wealthy because they take their romantic notions about hard work and put them where they belong — in the trash. That’s just the way it is.
There are countless strategies that investors use to take the workload off of themselves. Too many to talk about here. So I’m just going to share the 3 Real Estate Investing Tips at the top of my list to make your job easier. Here they are:
1. Use Proof of Funds Letters
Sometimes called “pre-approval” letters, they prove to sellers and banks that you have access to financing to fund your purchase. You need one to get past the first hurdle of every deal.
Hypothetically speaking, if you had unlimited proof of funds letters, you would be able to make offers on an unlimited number of properties without all the extra footwork of getting a letter for each one. You’d save hundreds of hours a year.
2. Find Good Deals Faster
I know, I know. It sounds much easier said than done when I put it like that. But actually, I have another simple, straight-forward tool to offer you on this one.
What if I told you that you could evaluate properties and sort the good deals from the bad ones right from your smartphone? Well, you can, and you can even do it for FREE.
The Investor's Edge has developed a free smartphone app that will analyze any property wherever you go. We call it our Deal Analyzer App. It makes evaluating the profit potential of a property easier than ever before. Rather than using a combination of time-consuming resources to evaluate a deal, the app will do it all for you right in the palm of your hand.
So crack the whip on your phone for once, and stop being in love with the property finding grind.
3. Get Consistent Access to Funding
When I was starting out in real estate investing, getting funding for my deals was the most stressful and time-consuming part of the entire fix and flip process.
Imagine what it would be like not to have to look for funding.
I started The Investor's Edge to give investors more than just one loan here and there. I wanted to create a consistent funding system of affordable loans that investors know they can rely on for every deal.
We do the work to get funding for you so you can stop spinning your wheels.
Now RELAX . . . Like an Investor
Ready to kick your feet up a bit more? Ready to stop being a slave to the nonsense idea that hard work alone will take you where you want to be? Take action on these 3 time-saving suggestions right away.
- Get your unlimited Proof of Funds Letters
- Download the Deal Analyzer App, and
- Secure a Consistent Funding source for yourself
Find out more by attending our next webinar.