I like the idea of real estate. I want to be a real estate investor. I have read extensively on the subject and I have a good idea how it is supposed to work. The one thing I haven't done is follow the directions of the guru's. I guess I have tried a couple of things but I haven't actually set my mind to it and taken action to attain the success I desire. I am a little lazy and a little fearful of the whole concept.
I find it difficult to stick to something that I don't have to do. I do have to go to work every day if I want to have a place to live and have food to eat but I don't have to invest in real estate for that. Although I don't have to invest in real estate it keeps creeping into my head that I should do it. So, I have decided to give it another shot. I plan to set it up so that I it is like a hobby. Since I don't have tons of money to spend on advertising and business cards and a fancy website I've got to start small.
I like to help people. I also like to teach people. That is why I am writing this blog along with the fact that I could earn money from it. As I am writing this I am also devising a plan to invest in real estate. I am going to need another website devoted to this project. I have a friend who is a website designer. I will call him tomorrow to get his help on this project.
My idea is to call the for sale by owner ads in the paper and try to negotiate a contract that is helpful for the situation they are in and profitable to me as an investor. If I can't find a profitable solution to their situation I will advertise , for free, the property on my site for them until it sells. The site will also list the properties I have under contract. That is almost too simple. I know that there are many more things for me to consider but it is just a rough outline for what I plan to do.
There are more things I'd like to do with this idea but I want to keep it simple and focused. When this strategy becomes successful I will implement more strategies into it to create multiple streams of income. Which reminds me, Multiple Streams of Income
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