One thing you'll quickly see when you go into real estate investing is that there is much work to do to get an agreement and weather you are a rehabilitation or wholesaler, you still have much work to do before selling . At the beginning of most investors, businesses, they generally have more time than money, and if you end up doing everything yourself to reduce costs and maximize profits. Heck, the advertising itself is quite expensive, and if you have little or no money to start, you have to do it themselves just to get your first job.
This is a wonderful and almost all the leaves that way, but do not want to remain that way, even if you can make a larger piece of the cake by doing this. Why is that though? Because I do not want to do everything yourself, if I can save money and do more to make? This is a very simple reason why you want to pay someone else to do certain things and why it is important that you focus on others. The answer is not simple all the business of investment real good "is" the same. To say that the same phrase in another way, many of the activities are so simple that anyone can do it, while others require thought, innovation, leadership and communication.
If you look at any society, the lowest paid workers are generally skilled workers in their jobs have no special education to do, and these lower-paying jobs. Anyone can learn to clean the toilets: P mid-level workers usually require some sort of diploma or a special skill set to do their jobs and workers are better paid accordingly. On the top floor of a society are people with innovative ideas, leadership and communication skills to make this possible. Consequently, they pay more. His real estate company is exactly the same as any legal person, to deal with this!
So, back to the original question, why will not you do it yourself. It 'simply more productive to focus on high-level tasks and contract and, finally, from the lowest level among the tasks that others are doing. This is due to the so-called "wage". If you spread all the time to do all the work you're basically taking an average hourly pay and out comes the whole cake. But if you just have to do homework in high-level and low-cost procurement of the rest, is to produce more, and the hourly wage increases. This is the main difference between the sole owner and businessman, businessmen, and why choose to do more. Do not know about you, but I got into this business to make money and have a lot of free time!
Let me give you an example of what I speak. My partner and I especially the market in two different places to find all our offers ... MLS and Craigslist. Both places are largely free market (yes, I know the MLS money every year, but let's just say pay the fee is paid, it is free from there ... a lot?). Then we can spend hours each day to send lowball offers in the MLS and Craigslist ads to get people to call in. So, we can spend hours each day dealing with the responses of agents and calls from sellers. All to agree and that is when everything happens at once! Now, you try to do the daily tasks of setting up ads and offers on MLS, dealing with emails and calls on the top to put them together, so that you can either return the rehab it. What will probably happen is that the lower layers to suspend the work while you focus on the tasks that make you money and when you make money you need to start ...
blahh: P What a freaking hassle!
So that's what I suggest;) When you make your first or even second contract, and now you finally have some money to play with, to hire a virtual assistant! When we did our production soared and the amount of work we had to decline ... and all this work was tedious work, we hated to do it anyway! Now we have a lady over in India who has a master's degree, working for $ 2.25 an hour to make an offer on the MLS. Did you hear me there ... Dang has a graduate and worked for $ 2.25 per hour!
See if you can get a homeless person to work for that cheap. Ha! Even if you could, I would bet a month's salary, he would not put the same effort and enthusiasm that the lady we have in India with a degree;) It is highly productive and highly intelligent and capable to send from 50 to 60 offer the MLS in 2 hours. We started out with her work 10 hours per week, and it was worth its weight in gold! Think about it, we had about 250-300 offers every week for about $ 25 As time passed, we had more work while we are focused on innovative tasks (there's also more fun and less time ) ... nice!
Virtual Assistants are mostly people who can do any task you ask can be done on a computer with Internet connection. Someone sent an offer to the MLS or an ad on Craigslist does not have to be in my office, I have to see them to know they are doing their job. We told him to use our corporate email to send offers and we can monitor your progress by looking in the folder to see what it does ... for a minimum of supervision. So this person can be anywhere in the world! How many of us wanted to work at home with our work, but the owners never seemed to be on board with him?
Now we have to be "cool" your boss and reap the rewards accordingly! When you have someone on board who can do all the menial tasks, and you can concentrate on the tasks that you make money how to put buyers and sellers together! The more you get, the more tasks to be subcontracted to the virtual assistant. Eventually, you get "Apprentice" real estate investor, who can do anything for you, including the management of the Virtual Assistant. You can pay a salary plus a percentage of profits.
