Real Estate Business Plans
real estate business plans
How to Build a Real Estate Business
It’s not exactly easy learning how to build a real estate business, but the rewards can be tremendous. Life changing. Wealth altering. One of the common problems faced by entrepreneurs looking to build a real estate business is figuring out the “how”…perhaps it’s more better described in terms of “how” do you do it, followed up by “what” do you do to build a real estate business.
In that regard, there’s a few relatively simple steps to follow that first starts out with a question. Precisely “WHY” do you want to learn how to build a real estate business?
If you come up empty-handed – or worse still, say you just want to get rich quick – then go elsewhere…because the reality is that if you don’t know why, you don’t have enough “chutzpah” to cut it whenever a challenge arises. These types of people when faced with a potential obstacle get easily frustrated, then cut bait and run.
Similarly, anyone looking to jump on the next “get rich quick” bandwagon is an opportunist. And opportunistic minded entrepreneurs never focus on doing one thing great, typically meddle in something for a few days or few weeks at best, then as the next obstacle pops up – or if they haven’t done a deal in 30 days – they throw in the towel and go elsewhere.
So how to build a real estate business that dominates and crushes your competition? It first begins with an understanding of what is a real estate investor, and what investing in real estate really means.
Since there’s no dictionary definition for this one, I’ll give you my interpretation. A Real Estate Investor essentially is a problem solver. This is an individual – or group of individuals – seeking to solve the real estate needs of others, in a courteous, respectable, and enlightened manner. As a result of successfully solving the issues at hand, the real estate investor profits both within their heart and with their wallet.
Typically, the financial rewards of being a real estate investor far exceed those of the average corporate or hourly wages of many. This is a lucrative profession, but when you’re building a real estate business, it requires persistence, confidence in one’s abilities, positive attitude, and ethical practices in order to truly profit in an ongoing basis.
From my corporate background, I recognized there were 6 Pillars of Successful Businesses that all had to be in place in order for someone to succeed. They are:
1) Vision & Planning
2) Specialized Knowledge
3) Applied Strategy
4) Mentorship & Advisors
5) Strategic Partners
6) Systems & Processes
I’m sure this looks daunting to you, yet if you chunk down these 6 Pillars into bite-sized chunks, within two weeks you’ll have the strategic elements in place to go out and dominate in your marketplace. Because in order to build a real estate business that succeeds, and scales exponentially, these elements are critical and imperative to helping you generate a 6 figure bank account and realizing 7 figure gains in as little as 7 months, part time.
About the Author
Brad Wozny is a real estate investing expert. Let Brad show you how to connect with eager real estate investor buyers & sellers of investment properties. Access private money & creative lending resources. Claim your FREE Strategic Investment Manifesto and Download your 2 FREE real estate investing mp3 case studies.
Advice on getting started as a Real estate investor/owner?
I have some experience in real estate in property management leasing and administrative. However, I am looking to start my own business and have been reading investing books etc., I am about to incorporate my business and working on my business plan. I want to start the business in Cleveland Ohio but would like to eventually expand nationally. My biggest fear is the financing aspect, if I am incorporated then my personal credit does not have to be considered or does it? Also, I hear about investors starting with no money down. I would like to start this business on the right foot and want to avoid all the gimmicks like those over priced RE workshops. I would also like to network with people in Cleveland. I would like to hear responses from those who are in the real estate business. Thanks!
As a person working in Real Estate and Mortgages, I know that when you apply to be a broker under your company name, they will use the applicants credit to consider if your company will be good for them to work with. You have to understand that as you are a new business, they have nothing to go on beside your personal credit.
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