Hi there, I’m a newbie short sale investor in Ca. looking to start taking action in 2010. I’m diving in full time and I’m trying to get organized and set a daily schedule. I would like to know if anyone out there has a daily action plan of what a short sale investor should be doing on a daily basis. Kinda like a daily time line on how to effectively utilize my time. Any feedback or advice from seasoned investors would be appreciated.
David
Wake up at 5 AM - read and study new information and short sale investing
If you’re new to the business, you should be waking up early each day to bang down your learning curve.
9AM - 12PM - you should be out in the field running houses.
A good marketing tactic is to door knock pre-foreclosures, find the vacants and track down the owners.
3PM - 6PM - this is the afternoon time slot for running houses.
You should be out in the field during both time slots six days a week.
On the seventh day, you should rest.
You need to schedule time each day to search for new opportunity.
Hope this helps.
The first thing you need to do is to get the right education. If a short sale is done correctly, there are about 20 steps to complete. You also need to know how to exit before you buy. The rules are constantly changing and you need to be aware so that you don’t get yourself caught in a mess. Every state is different as well, so putting together a solid team is crucial.
I strongly suggest that you find a mentor and a community to assist you in your success.
If you are interested in talking to me more offline, feel free to PM me
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