I
would like to first introduce myself to you. My name is Todd Clark and
I am a
Realtor. Like
you I have seen those late night
commercials and even made some investing mistakes in the
past. Let me
tell you something as an investor myself, why spend thousands learning
from a
guru what you can learn for free with a little time and effort? Did you
know
that 97% of people who buy the books and CD's on the internet, just end
up
placing them on the shelf when they get home to never open them again?
What
most people
lack is motivation! Motivation is what got you to buy the
book or
CD at the seminar in the first place.
What happens is you get in a rut at work and tell yourself you need to
make a
change. You see the commercial that night and either orders the books
or CD's
that night or run to the free seminar next week. They tell you how you
are
going to be rich and never have to work again. You spend thousands of
dollars,
buy everything and then get home go to sleep and never do anything with
those
books again.
What
you need is the motivation! How can you do this? Find a great Realtor that
understands investment
property, such as myself (Yes shameless plug) and let them be your
motivation.
I'm not saying I'm going to force you to buy property after property.
I'm just
going to give you the motivation and the knowledge how to make money
with
investing at no cost to you. Why would I do this? Because I know if you
start
to understand how to make money investing from me, we can be of a great
service
to each other.
Now
for the common investor mistakes and how to avoid them.
1. Buying
thousands of dollars in signs, post cards, and flyers and not having a
plan to
back them up if someone should call on one of you ads.
2. Not
learning how to identify properties that have investment opportunities
and if
possible have a buyer for the property prior to you even putting an
offer on
the property. (I
presently have one buyer that we'll actually buy
fixer properties that fit the criteria of an end buyer we already have
lined
up. We have it SOLD before he even buys)
3. Not
deciding what your niche is and stick with it!
Is it plexs,
fixers,
rentals,
foreclosure
or short-sales? Stick with one
and focus on that and only that. Once you
have mastered that one niche and are making lots of money then you can
take on
other niches. But, master one before going on to another.
4. Reinvent
the wheel! There have been a lot
of investors before you and many have
great ideas that work. Find the one that works for you and maybe modify
it a
little to suit wants and needs. But, don't try to start from scratch. I
have
built a team of investors that believes you get by giving and they are
very
open about sharing what has worked for them and what hasn't. Why would
they do
this? I've been told there isn't enough time or money in the world to
own every
property and it makes them feel good to help others. That is why they
got in
this business in the first place. The more I give, the more I seem to
get back
and it makes me feel good to help others like you.
5. This
is the big one! Don't spend more
than you have! Don't max out credit cards
or empty your saving account to try to make a deal. More times than
not, that is
a sure fire way to put yourself in bankruptcy court. There is more than
one way
to get this done than putting yourself in to debt. Just ask, someone
has a way,
you just need to learn it.
You
can even buy your first investment property tomorrow with no money down
and no
credit. If you are in Oregon feel free to click
here for my special report
"Start Investing Tomorrow with NO MONEY DOWN"
and start investing
today.
Todd Clark - broker
Kastings & Associates
Phone: (503)524-9494
Fax: (503)622-8739
©
2007 Todd Clark - Avoiding the common investor mistakes
by learning from others
