Its easy to get caught up in the “shiny new object” syndrome when first starting a real estate business. It’s what happens when you start watching too many webinars on real estate investing. The gurus are constantly coming up with new gadgets, new systems and new techniques to try. But what really happens if you’re not careful is a high balance on you credit card (or a low balance in your bank account) and a tendency to lose focus on taking real action. The following resources are not in that category, as they offer real value and essential tools that should be in your tool kit if you want to succeed as a real estate investor.
I have other posts that feature Rehab Valuator and how you can use it to estimate repair costs and market your deals to cash buyers. However, this video goes into detail about how to build true wealth with real estate and how to build relationships with private lenders to fund your deals. Hard money eats up too much of your profit and really limits your buying power on fix and flip deals.
You may or may not have heard of Tom Krol of Wholesaling Inc. but if wholesaling is where you’re trying to start your real estate investing career (as it carries the least amount of risk and potential for quick cash), I highly recommend subscribing to Wholesaling Inc’s YouTube channel. The following video is Tom Krol’s keynote speech at Atlanta REIA. Get ready to take notes as this clip has a ton of useful information, including where you can find an extremely affordable and user-friendly CRM (Customer Relationship Manager), designed by wholesalers for wholesaling real estate. See the link below.
Wholesaling Inc came up with this essential online CRM to help keep you organized and on-task without the burden of being complicated to use or expensive. It’s called Less Annoying CRM and comes with step-by-step guides for using all of it’s features. You can be up and running in minutes with a completely free 30 day trial and after that, it’s just $10 per month per user. That’s one of the best deals you can find anywhere!