Maria Gudelis on tips on getting your first real estate deal
Hi, Maria Gudelis her on tips on getting your first real estate deal. The TV informercials make it look darn easy but in order to make millions…the first step is doing that first deal and then it gets easier to ‘rinse and repeat’. So it may seem undaunting, but that first deal is probably the most arduous deal you’ll ever do and it is a lot of work. The concept of looking at 20 properties in order to be able to buy one is a very daunting task for many people. Many of you who began reading my other website where secrets to real estate investing are revealed, at Maria Gudelis, have already decided that it is more work than you are willing to put forth. It takes perseverance to make this work. Most people begin this process with great vigor.
They buy a paper, circle a few ads, investigate a few properties online, and maybe even make a few phone calls. After realizing the amount of effort it took to just get 20 properties considered, their interest begins to drop off. Before you know it, the task has become something that can wait until you have more time. But let’s say that over the course of three months you put in 100 hours worth of work, find a property, and sell it for only a $5,000 profit. That means you only made $50 an hour for your efforts. If you made $10,000 on the deal you would have made a measly $100 an hour.
You need motivation. Try this. On or near your desk, make and hang a sign that says, “You are working for $50 an hour.” You can put whatever amount you think is realistically achievable for you on that sign. Whenever you begin to wonder if all your hard work is worth it, look at that sign.
Now, roll up your sleeves and get to work!
Filed under: Maria Gudelis
