How To Build Your Real Estate Investing Power Team (pt 2)

Why Your Power Team is so Important

Every successful company from Coca-Cola & McDonalds to Apple & Google all have one thing in common-the right person in each position. The same absolutely holds true for your Michigan real estate investing business. Having bought my first investment property a decade ago I know the pain that we have to go through as small business owners ”trying people or companies out”. A lot of times our goals are not aligned with theirs. It’s imperative that you only do business with people who understand what you’re trying to achieve as an investor.

A couple good examples of folks that you need on your team if you want to be a successful real estate investor are an investor focused title company and rehab contractor. Let’s start with the rehab contractor…

You can call random strangers on Craigslist to come and work for you or give you quotes on your properties. Sometimes they may actually show up and sometimes they may actually do what they say. But do you want to give them a tryout on your project-I hope not! What if you had someone available to you who has a builders license, insurance, but more importantly testimonials from other real estate investors just like you stating how great it is to do business with this person and company. When you come to the 2011 Info Conference you’ll have the opportunity to meet this person.

What about when you receive a call from a letter that you sent out to a seller that you can cure their headache and purchase their house all cash quickly? How will you know how many liens are on the property and if they’re even the person who’s allowed to sell you the house? The answer-your title company.

When you become involved with The REIA of Macomb you’ll have person on speed dial who will answer those ULTRA important questions for you in a snap.

Real estate investing can be super complicated or easy-it’s up to each individual investor how they want to set their business up. Every month at The REIA of Macomb you can meet these important people that you need on your Power Team to help you make more money faster buying and selling real estate…but this month is your #1 chance to meet all of the experts in a more intimate setting than any other event each year.

To your Michigan real estate investing success,

Dylan Tanaka-Founder

Your 2009 Real Estate Goals part 2

Success: Given or Earned II

In today's information age sometimes we forget how to get back to the basics. It's a lot easier to call then stop by, next it becomes quicker to e-mail instead of calling, soon you're texting as opposed to e-mail. In no time you're refinancing with a computer screen and wondering why at the close your rate jumped a point!

What the heck happened to a pencil and paper, a coffee and a handshake, or even yes sir no sir?

It seems like a million years ago I posts a blog titled Success: Given or Earned.

CLICK HERE to check it out.

There truly is no substitute for hard work. Tomorrow night my partners and I will be the keynote speaker at The REIA of Macomb, a networking, teaching, and success group that we founded 2 full years ago. As I was preparing for tomorrow's event I reflected today on how far we've come in 2 short years.

In the earlier growth days of the group, Nathan and I shared a 15 x 12 office and were flipping, renting, and even retailing houses from that little space. Oops, we were also running the REIA out of there also. A little more than a couple hundred members later and over 50 more property acquisitions later, we're in a couple thousand square foot office with a small staff, brokers license, and greater deals staring us in the face than ever.

We brought on another partner Adam Davis just over a year ago, and the
REIA of Macomb and Jeffrey Douglas Property Investments have both been on a meteoric rise ever since. Can I attribute our success strictly to goals and business planning, of course not. However I can say with conviction that without both goal planning both business and personal, we would not be where we are today.

Enough of my soapbox, I promised you my 2009 real estate goals and I now deliver...

1) Get into a commercial deal strictly for consistent cashflow

2) Reach my 100th purchase (well over 70 at this point)

3) Deliver an even greater experience to all REIA members/vendors/visitors

4) Create, write, and publish The Underground REI Report newsletter

5) Help as many real estate investors reach their dreams as possible

I know, number 5 may seem a little sappy. The truth is the more people that you help get what they want, the more you will seem to get what you want. If you're reading this and have not yet written out your 2009 real estate goals I truly hope that this inspires you to sit your butt down with a pad and pencil and get to work.

As always, only YOU can Make It Happen!!!

Dylan Tanaka

http://www.REIAofMacomb.com

http://www.CheapBrickHouses.com

http://www.PrettyMiHomes.com

http://www.Jeffrey-Douglas.com