Step back. Strategize. Laser focused action.
It’s already November, guys and gals! Only about 60 days left before the end of the year!
For me and my hubby, today was the day to step back, take a breath, strategize, and come up with a laser focused action plan for the next two months. It’s the holidays…plenty of time for distraction and tired nights due to overeating. LOL! Nope, not for us. Yes, we’ll enjoy our family time as always, but we’re staying focused.
Earlier today I wrote my weekly blog post for Bigger Pockets and targeted my message primarily to newbie investors. It was 100% inspired by a quote I read this morning in Dan Kennedy’s book “No B.S. Time Management for Entrepreneurs“. The quote said:
When you focus your self-discipline on a single purpose, like sunlight through a magnifying glass on a single object, look out! The whole world will scramble to get out of your way, hold the doors open for you, and salute as you walk by.
I truly took that to heart today. Not to say that we’ve been completely scattered and all over the place…we were executing on what we felt (and still feel) is a balanced investing strategy for us. We’ve been taking massive action, no doubt.
But here’s the kicker (and if I’m being honest, it slightly stings). We’ve made progress, yes, but not significant enough progress for the goals we put forth for the year…so here we are with less than 60 days left in this year and we had to make a decision what we’re going to do with this time.
Our decision? Laser focused action on a single purpose.
That purpose will not be to find a private money investor to help us start our next rehab.
It will not be to add another rental property to further advance our buy & hold strategy.
The purpose will not be to hire a new virtual assistant to help us with the internet marketing strategy to quadruple our current buyer’s list (btw, I’ve priced them and there are some good options, but cost considerably more than what I was paying before).
The purpose will not be to get better search engine optimization for our company buyer and seller websites. No more eZine articles. No Squidoos. No HubPages. No.
Our single purpose in these next ~60 days is to complete ONE wholesale deal. Plain and simple.
Buyers are not the issue. Between my mentor and 3-4 wholesaler buddies, we’ll have a buyer for a home in 3-4 days (we’re STILL getting calls about the Option House by the way…sheesh)
We’re following up with every single lead we’ve received in the past 4 months and seeing where things are. We already got a call from one of the follow up letters I sent last week and my hubby took a look at her house today. Offer is going out tomorrow.
We are doing another mailing to absentee owners this week which should give us another 15-20 leads.
During any time that there seems to be a lull from dealing with the private sellers, we’ll be making offers on REOs on the MLS.
I’m not playin’ around. The deal has been “just around the corner” for too long. I’m callin’ it in (to the glory of God).
Let’s do this.
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Category: Books I Recommend, Goal setting, Inspiration, Lessons learned
Keep at it! as long as you stay focused, you will succeed!
Nick Johnson´s last blog ..Why Do You Need To Build Relationships To Be A Real Estate Investor?
Thanks Nick! I truly believe that you’re right.
Kick@ss. I think your doing the very smart thing at this point. IF you find a great deal, the private money will follow. Good luck, can’t wait till you close the first deal.
Thanks Jason!
GOOOOOOOOOO SHAE!
I have no doubts that you’ll get one in the bag before the year is out.
No doubts whatsoever…
Go get ‘em, girl!
Thanks pal…you know more than anyone that I ain’t playin! LOL!
It’s lunchtime…time to get those absentee owner postcards out! Later gator!
Way to trim the excess and focus on the main goal Shae! One question…have you broken down how you are going to accomplish that goal? What steps you are going to take each day/week in order to achieve your wholesale goal?
I know you’ll make it work, just make sure not to become a motivated buyer
Scott Costello´s last blog ..Broker Sign Up Process
Scott, good lookin’ out my friend…so no, I haven’t broken it down into each and every week for the remainder of the year. What I tend to do is make a goal for the week and then each night right down the 6 things I need to get done in priority order the next day. My key over these next two months will be to ensure that the majority of things on the list (they aren’t all REI focused) are in line with our one single real estate investing goal and moves us one step closer.
I can assure you that we won’t become a motivated buyer
Been there…done that.
Great new article on BP, Shae. It’s almost as though you were thinking of me when you wrote it.
Hey Boyd, what’s happenin’ man?!? Thanks for the comments on the article. I think it was a really important message for people to hear (myself included even though I’ve crossed the hump). Hope things are going well on your end – start making some baby steps!
You Go Girl!!!!!!!!!
Hey Shae, I found you!
Nice website. Now where is the man of the house. Hey Sir, how you doing?
BTW-I am sure you will do at least 1 wholesale deal. I saw an idea on a Tampa girls’ website that looked like a winner. Bandit Signs.
Flip this something or other. Anyway, now your feet are in the fire.
Just came on here to say… AMEN SISTA!!!! ABBA YHWH is behind His children.
Honestly folks, I can’t tell you how much your support and encouragement means to me. Thanks!
Chris, so glad you found me here
The man of the house (Phil) sends his regards.
I am very new to this; bought two houses-one a massive rehab and the other should be done in the next few weeks. I do not have any buyers, nor do I have any other investors except for my partner. So focus has to be the rule; focus on networking to acquire buyers and other investors. Not exactly sure how I am going to do this, but doing nothing is not an option. I really appreciate the article you wrote and thanx.
Hey Phil (or Theresa)
Thanks for stopping by my blog! Congrats on your recent purchases. As far as finding buyers for your rehabs, there are several options..here are a few: (1) listing with a realtor (will cost you 6% of purchase price), (2) listing with a flat MLS service (will probably cost a couple hundred dollars, plus 3% of purchase price if realtor brings you a buyer) (3) doing a round robin auction (I have a lot more info on that if you’re interested let me know) (4) use Postlets.com to post to online classified sites (free!). Would love to hear back from you after you sell!
Let me know if you have any questions or need some other ideas. You can also get ideas from people in the two of the greatest real estate forums in my opinion – FlippingHomes.com and BiggerPockets.com.
[...] exactly six weeks left in 2009. I hadn’t thought much about it until I read a blog post by Shae Bynes about what she’ll be focusing on for the rest of the year. Far too often I postpone starting [...]
Thanks for another great post Shae. I decided to pick a few goals that I’m going to focus on until the end of the year. I even wrote a post about it on my blog. (Hopefully publicizing them will help me achieve them) Thanks again.
Stephanie Peay´s last blog ..New Years Resolutions and Goals… 2009
That’s awesome, Stephanie. I’ll have to go check those out!
[...] exactly six weeks left in 2009. I hadn’t thought much about it until I read a blog post by Shae Bynes about what she’ll be focusing on for the rest of the year. Far too often I postpone starting [...]