Making Money in Real Estate

WARNING: This single step can double your real estate investing income in the next 90 days. Decide on your target market Determine what your target market will be. I know from experience that it is really easy to want to do EVERYTHING: Foreclosures, probate, absentee owners, abandoned properties, tax liens, lease options, and the list goes on and on! But, to be a successful real estate investor and to really make money in real estate, you?ve got to focus! Drill an inch wide and a mile deep!

Let me guess, you heard a teleseminar on short sales and you wanted to dive in! Then, you buy the probate home study course you just found online!

I am guilty of this! I went to a 3 day real estate training several years ago. Every single strategy, technique or tactic that was taught was ?it?! So, promptly upon leaving, I decided to try everything all at once? The thing about this is that we?re so often looking for the magic pill, and unfortunately, no such elixir exists in real estate.

Believe me. I understand your frustration when everything seems to contradict everything else. So, I?m going to clear things up for you! You don?t have to do everything in real estate. You have to do one or two things well. So, perhaps you work with foreclosures and within the probate system for your real estate investing focus. You become the expert in those areas.

You learn one market and how to negotiate, overcome objections, solve problems that come up and so forth. I systematized it and then move on to the next market and let the system run on autopilot.

So, first things first?

1. Pick your niche: Foreclosures, probate, absentee owners, MLS, abandoned properties, farming neighborhoods, tax liens, code violations, etc.

2. Determine your method of communication: Direct mail, driving for dollars, telemarketing or mass media advertising

3. Set your real estate marketing budget: Figure out how much you are going to spend per campaign. A campaign is not a monthly budget. Keep in mind a real estate marketing campaign is not necessarily a monthly budget. You may spend $100 one month and $500 the next simply because of what marketing tactics you are using.

4. Implement Implement your plan ? and stick to it! You?ve got to commit to your real estate marketing or else you?ll be throwing money out the front door rather than really making money in real estate! Be patient and stay in for the long haul and the deals will come. Just remember that real estate marketing is an investment into your real estate business and constant investment results in a constant stream of income.

Posted by Lulu Williams on December 13, 2008 at 12:00 AM

About Lulu Williams
Lulu Williams is affliated with Coldwell Banker Island Properties, which is located in Kihei, HI. For further assistance please use the contact information located on the right.

As of 05/22/12 the Lulu Williams RePage is ranked at 7,289 with 350 points.

Local Information for Kihei, HI

Latitude: 20.759122 -- Longitude: -156.457228

ZIP Codes for Kihei, Hawaii	96753
Area Code for Kihei, Hawaii	808
Time zone for Kihei, Hawaii	PST-2

Other Area Cities: Kihei, HI Kahului, HI Wailuku, HI

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As of the census of 2000, there were 16,749 people, 6,170 households, and 3,813 families residing in the CDP. The population density was 636.5/km² (1,648.6/mi²). There were 9,170 housing units at an average density of 348.5/km² (902.6/mi²). The racial makeup of the CDP was 47.76% White, 0.74% African American, 0.48% Native American, 24.72% Asian, 7.85% Pacific Islander, 1.58% from other races, and 16.87% from two or more races. Hispanic or Latino of any race were 7.52% of the population. There were 6,170 households out of which 32.0% had children under the age of 18 living with them, 45.7% were married couples living together, 10.6% had a female householder with no husband present, and 38.2% were non-families. 25.7% of all households were made up of individuals and 4.0% had someone living alone who was 65 years of age or older. The average household size was 2.70 and the average family size was 3.31. -- Source: Wikipedia.com

Hawaii 2000 Census Population Profile Map

	Kihei	Hawaii	United States
Population	16,749	1,211,537	281,421,906
Median age	35.3	36.2	35.3
Median age for Male	35.3	35.1	34
Median age for Female	35.3	37.4	36.5
Households	6,170	403,240	105,480,101
Household population	16,673	1,175,755	273,643,273
Average household size	2.7	2.92	2.59
Families	3,811	287,068	71,787,347
Average family size	3.31	3.42	3.14
Housing units	9,170	460,542	115,904,641
Occupied units	6,170	403,240	105,480,101
Vacant units	3,000	57,302	10,424,540

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Making Money in Real Estate

Local Information for Kihei, HI

Latitude: 20.759122 -- Longitude: -156.457228

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