Real Estate Information

How Do I Implement The Lease Purchase Plan?


Well, as we have discussed in previous newsletters first you have to set up goals for yourself, both long term and short term. Don't forget these goals define how your business is run. They will determine what you do on a daily, weekly and monthly basis. The best way to do this is to picture yourself a year down the road. Close your eyes and get a mental picture of where you want to be, what you want to have, how you want to look, then open your eyes and write all that down on paper or speak into a voice recorder.

First determine how much time you will have to work on your business. If you are starting part time or spare time and think you might have 5-7 hours per week, in reality you probably will have 2.5 to 3.5 hours per week. Whenever we ask a partnering student how much time they have I always cut the time they give me in half. Why? Well because things come up, such as children, obligations, illnesses, their other job, etc. So rather than kid yourself and set yourself up for failure before you even start, be realistic with the amount of time you will have.

Once you have determined how much time you have, make up a 12 month plan. For example if you only have 3 hours per week to work, that means in a 4 week month you have 12 hours. So realistically, the first month is going to be getting yourself set up. Getting your identity package done, your template letters done, your database set, your telephone script done, your research (networking, FSBO sites). You want to start collecting newspapers (remember 5 weeks and older). Your second month would be going through the newspapers, and going on line to those FSBO sites and collecting numbers. During the end of the second month (6 weeks after you have started) you should be able to start calling on property. Depending on the hours you are doing your calls will determine how many people you get to speak with as opposed to leaving a message for them. Months three and four you will continue your calls, set up a networking schedule and do deals with one particular strategy. After you feel comfortable with that strategy you can move on to the next one during months five and six. Months seven and eight should have you starting the next strategy, and the same goes for the remaining months (nine, ten, eleven and twelve). During months eleven and twelve you should do some evaluating of your goals for the year, and start thinking of where you want to go in year two. Be sure to write articles up for each deal and make note of things you did wrong (yes, you will make mistakes) and how you fixed them for subsequent deals.

Once you have your monthly plan set up, break that down in weekly goals, and then set up your daily goals to meet your weekly goals. If you don't meet some goals, don't beat yourself up. Look at the reasons why you didn't meet your goals for that particular day, week or month. Did other things get in the way (family, work, health issues) or did you just slack off. Sometimes you need to take a breather and come back with some fresh energy. So if you need a break once in a while take one.

However, you need to realize if you want to succeed you need to make a commitment to implementing the plan you set up. If this means missing some television shows, shopping spree, visiting with friends or some sleep; then that is what you have to do.

So start implementing the plan today!

Copyright DeFiore Enterprises 2003


Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our "how to" Home Business Solutions Digest, it's like having your own personal coach: mailto:subscribeHBS@homebusinesssolutions.com


MORE RESOURCES:

CNBC

Real estate investment trust sees business booming post-Hurricane Harvey
CNBC
Camden Property Trust has seen a "total transformation" of its business since Hurricane Harvey slammed into Texas, its CEO told CNBC on Tuesday. The Houston-based company, which develops and manages multifamily apartment communities, has seen ...

and more »


Forbes

Unusually Large Loans Mask Decline In NYC Commercial Real Estate Lending
Forbes
Take a look at loan originations for commercial real estate properties in New York City in the second quarter and you'll find something unusual: The quarter's biggest loans aren't just big, they're really, really big. And the size of those loans ...

and more »


CNBC

Trump lawyer: Moscow Trump Tower 'solely a real estate deal'
CNBC
The proposal to build a Trump Tower in Moscow during his presidential election was "solely a real estate deal and nothing more," says Pres. Trump's lawyer.

and more »


Forbes

Two Smart Long-Term Real Estate Options
Forbes
But if you think you're going to make it, now might be a good time to take a serious look at where you want to establish your business. Long-term business real estate planning means either direct ownership or long-term lease. I've covered the direct ...



Trumbull real estate up 3% after two periods of falling values
Youngstown Vindicator
The first data coming out of the most recent three-year Trumbull County real-estate reappraisal show an average increase of 3 percent, county Auditor Adrian Biviano says. That may seem like a modest increase, but compared to the 5 percent drop during ...

and more »


Mashable

Women in STEM get prime real estate on Grand Central's ceiling for an inspiring reason
Mashable
There are plenty of ways to recognize the pioneering women who've made unique contributions to science, technology, engineering, and math. But GE chose an unorthodox strategy by creating custom-designed animations of 12 influential women in STEM ...

and more »


New Data Shows Strong Sustainability Improvement in the North American Real Estate Sector
Markets Insider
AMSTERDAM, Sept. 19, 2017 /PRNewswire-USNewswire/ -- GRESB, the Global ESG Benchmark for real assets, today released the results of its annual 2017 GRESB Real Estate Assessment for the North American real estate sector. Globally, a record 850 ...

and more »


Newser

Welcome to the Depressing New Real-Estate Game
Newser
(Newser) – A story in the New Republic pronounces "a new era of real estate speculation" in the US, one that's taking a depressing toll on poor neighborhoods across the country. Two factors are at play: the housing bust of 2008, which left a glut of ...



Business Insider

Russian real estate heir marries social media star: PHOTOS ...
Business Insider
This past weekend, Karen Karapetyan — son of Russian real estate mogul and billionaire Samvel Karapetyan — married social media star Lilit in a glamorous ...

and more »


CoinTelegraph

First Bitcoin-Only Real Estate Transaction Completed in Texas
CoinTelegraph
In Texas, buyer and seller come to terms for a home sale in Bitcoin.

and more »

Google News

home | site map | Blog |
Portland Oregon Real Estate Listings | real estate investing | real estate in greece | for sale by owner in atlanta | House for sale: Louisville KY
Exchange Links Here | Links page |
© 2006