10/6/2019- Are You Sharpening the Saw?

There are all kinds of strategies to buy and sell properties or real estate note.   There are some key ways that you can sell properties or buy properties.   One thing that is certain in a real estate and note investing business is this:  IF YOU WANT TO GROW YOUR BUSINESS, YOU NEED TO GROW YOURSELF. 

I had someone call me a couple of weeks ago wanting to know more about my real estate and business knowledge.   They had heard me speak at a real estate gathering in their homeotown.  They asked if I offered classes and if so how much would I charge them to be in my class.  What I told them was that the first place to start was to soak up all you can via internet podcasts… internet articles… and videos and first see if this was something they really wanted to do. 

If you really want your business to be the best that it can be, then you need to be the best of yourself you can be.    It is not enough to invest in real estate properties or real estate notes;  you also need to invest in  yourself.      I remember a quote of Abraham Lincoln  heard several years ago that put it  this way:    “A good woodcutter spends 5 hours sharpening his saw before he spends 2 hours cutting down a tree.”   Are you sharpening your saw?

Here are a few important but simple things that you can do to “sharpen your saw” and grow personally:

1.        Invite a person you admire to be your guest for lunch or breakfast and pick their brain to learn from them.

2.        Attend real estate or note investor meetings regularly.   While it would be preferable to do this in person, you can accomplish this also via phone calls, conference calls, or webinars.  Pay attention to what people say, take notes, and learn.

3.       Find a person that you admire their business model, and offer to work for them for free.  While you will not make money immediately, you will gain a valuable education that will help you make money for years to come.

4.      Join a “mastermind group”  and learn from fellow real estate and note investors.

It is important to be a person who is constantly learning because real estate market conditions are always changing.     Take the time to “sharpen your saw.”   Best wishes in your real estate pursuits.-   RLW