What To Do To Quell The Overwhelm

By: Brad Wozny Wozny

What I've seen that overwhelms an investor most about real estate is handling everything involved when property changes hands. For starters, there's a mountain of paperwork that documents everything from where exactly the property sits to the chain of ownership from previous owner to current owner. There is a vast amount of activity that goes into closing a deal, but you shouldn't be overwhelmed about any of it.

At this stage of the game, you should have figured out who's who in the world around you. Who is going to be able to help you do your job much better? Who is willing to work with you so that everyone benefits? The answers to those questions will make up your power team.

Watching CSI, you see plenty of people running around the CSI building. A coroner is looking over the deceased body to find any clues pertaining to the cause of death. A ballistics expert is checking bullets and residue to determine what kind of gun was used. A scientist is studying fibers underneath a microscope to determine what they have to do with the crime. And the lieutenant is in charge of all of them, directing their actions and staying on top of all the findings.

The lieutenant will take the credit for solving the crime. The lieutenant is the one who always gets the pat on the back for a job well done. But, the lieutenant couldn't have possibly done it all. To someone just entering forensics, all of the sciences must seem overwhelming at first because that's what it takes to solve a crime. What they don't know is they are going to have plenty of help, plenty of hands, and the team is going to solve the crime together.

The Power Team

That's how your power team is going to work. But, now you're probably thinking that you are going to need employees. That's not what I mean by a power team.

At the beginning of my 7 Figure Profitsâ„? system (coming out soon) you'll find my Strategic Investment Manifestoâ„?. In the manifesto, I listed the 21 reasons I wanted to start my own business. I wanted to be my own boss for one thing. I wanted to be able to set my own schedules for another. If I wanted to sleep in, I could. If I wanted to take a day off, I could. That's not really the kind of business ethics to have when you have employees.

No, a power team consists of all of the people you are going to need to build relationships with in order for you to get things done faster, better and smoother. They are running their own businesses. They have their own clients. But, they also work well with you.

Business Work Flow

Doing great business isn't all about doing the work yourself. It's about being able to act as a lieutenant for a CSI crime solving team. You direct. You delegate. You get things done and you deposit the nice paycheck.

For instance, what if you found a great property that you decided you could flip rather easily? But, you noted that you were going to need to get some work done on it first. Your normal work flow just doubled because of everything else involved now.

You call the realtor. Not just any realtor, you call the one you work with, the one who makes up your power team. Your realtor will check the comparables and make sure that there is actually a viable deal.

When you get the go ahead, you call the attorney to draw up the contract. Of course, you can do the contract yourself. Yes, you can save money on it. But, not much time. This is how you are going to be able to relax in your backyard with acup of tea rather than constantly work, work, work on things that you could just delegate.

Include your attorney. One more thing, real estate deals amass enough money for you to be able to delegate some responsibility out to people who are going to make sure the job is done right. But of course, a savvy real estate business person could swing a deal where attorney fees are paid by seller, or buyer. And you know what? Your attorney doesn't mind one bit who pays for the services.

Once the contracts are drawn, this is when you have to come back into the deal and play. You have to see if the seller will accept the terms of the contract. This isn't going to be too difficult if you've done the right thing and made sure you understand the kind of deal your seller will accept. If the deal is acceptable, it's time to see what kind of deals you can make on those repairs.

You know contractors. They are on your team. You give them a call and they cut you a deal because you always use their services. The work is cost effective because you give them more business than most people, and the work is better too because they always want you to return for more.

That's a power team. The better team you have, the more success you will achieve. The faster things move, the smoother deals go. And now, you can relax and set your own schedule because you don't need to get up early, go to bed late and work all day long just to make a fortune. You have all the help you need to get things done right. So, flip open your contact booklet and get started on building your team. Life will be so much easier the less work you have to do for yourself.

Cheers,

Brad Wozny
Creator, 7 Figure Profitsâ„?

Real Estate
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