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?"
Now before you go nuts scratching your head, let me define the areas of the tool box. The tool box has three areas.
1) Mental tools: This is the part of the tool box most of us use the most. It is all about how we think about investing. Are you a outside the box type of thinker?? Or do you follow a set program to help guide you in your investment choices? It is how your brain reacts to the idea of a new investment...the mental aspects that make up the checklist in your head.
It is the results of the information you have taken in about investing.
IMPORTANT ELEMENT. While we all know that a zillion books have been written about investing. It is important to understand that you MUST have some knowledge from that book...WHY? Because if you understand what other investors are reading?it actually makes it easier to work with them since you understand where they are getting their basic tactics and understanding from, that helps steer them to the investments THEY are making.
2) Online tool box: This is one of the most over looked elements...when I say over looked I am not referring to being not utilized...but more to the fact it is not utilized to its overall potential. For example do you have one site you go to more often than not for investment information? If so why? Your answer is most likely because they have the best info I can use. This maybe the answer however, a little side note to this. Most of us get some sort of tunnel vision thinking that one or even a few sites will cover us for all the info we want...but in all honesty we normally close down other avenues of "information input" when we do this. How do we get around the "Info input" shut down???
The answer is very easy it's called the opt in newsletter/update. Here is how it works.
All you do is create an another email and use it to collect eamil updates from various websites. these are going to be websits that will add you to an emailing list and send you any updates/newsletters they send out.
Now dont be to hasty and unsubscribe after the first email. More often then hot the newsletter/updates dont deliver the "meaty info" in the begining...more often then not it comes as a series of newsletters. Look for Investment clubs that offer news letters as well as blog sites, news sites, etc. Any reference sits you can find I recommend bookmarking.
To me most pop up ad based newsletters are a waste of time. I prefer to find the newsletters that are written by people who ACTUALLY invest. I prefer to get reviews of SEVERAL porducts/methods or tools that some one else actually uses. Those to me are the gems that I try to subscribe too.
My favorite online tools/sites are the ones that cost me very little to use/buy or better yet are free to me. I love to find good resource sites. ( I admit freely I normally link them to my own) A good web tool is a great thing to find. Im not refering to another mortgage calculator...I mena that online tool your just dying to try out. When you find them...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. - 23229
Now before you go nuts scratching your head, let me define the areas of the tool box. The tool box has three areas.
1) Mental tools: This is the part of the tool box most of us use the most. It is all about how we think about investing. Are you a outside the box type of thinker?? Or do you follow a set program to help guide you in your investment choices? It is how your brain reacts to the idea of a new investment...the mental aspects that make up the checklist in your head.
It is the results of the information you have taken in about investing.
IMPORTANT ELEMENT. While we all know that a zillion books have been written about investing. It is important to understand that you MUST have some knowledge from that book...WHY? Because if you understand what other investors are reading?it actually makes it easier to work with them since you understand where they are getting their basic tactics and understanding from, that helps steer them to the investments THEY are making.
2) Online tool box: This is one of the most over looked elements...when I say over looked I am not referring to being not utilized...but more to the fact it is not utilized to its overall potential. For example do you have one site you go to more often than not for investment information? If so why? Your answer is most likely because they have the best info I can use. This maybe the answer however, a little side note to this. Most of us get some sort of tunnel vision thinking that one or even a few sites will cover us for all the info we want...but in all honesty we normally close down other avenues of "information input" when we do this. How do we get around the "Info input" shut down???
The answer is very easy it's called the opt in newsletter/update. Here is how it works.
All you do is create an another email and use it to collect eamil updates from various websites. these are going to be websits that will add you to an emailing list and send you any updates/newsletters they send out.
Now dont be to hasty and unsubscribe after the first email. More often then hot the newsletter/updates dont deliver the "meaty info" in the begining...more often then not it comes as a series of newsletters. Look for Investment clubs that offer news letters as well as blog sites, news sites, etc. Any reference sits you can find I recommend bookmarking.
To me most pop up ad based newsletters are a waste of time. I prefer to find the newsletters that are written by people who ACTUALLY invest. I prefer to get reviews of SEVERAL porducts/methods or tools that some one else actually uses. Those to me are the gems that I try to subscribe too.
My favorite online tools/sites are the ones that cost me very little to use/buy or better yet are free to me. I love to find good resource sites. ( I admit freely I normally link them to my own) A good web tool is a great thing to find. Im not refering to another mortgage calculator...I mena that online tool your just dying to try out. When you find them...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. - 23229
About the Author:
Doc Schmyz has done real estate deals all over the US. He built a free free website shares Real estate investing information for all over the US. Find Real estate investing information by state
posted by X - Men @ 3:07 AM
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