Picking Up Deals In The City Of Angels
Prior To Arriving
So I find myself in Los Angeles getting ready to start a Residential 1:1 with an accountant who is ready to start his residential real estate investing career. Many of my friends and colleagues always ask me what goes into one of my 1:1 weeks? Not only is it a busy week for my students, it is also a busy week for me prior to arriving. I usually have a whole list of items that I work on for my students so that we can make it as successful as possible. These items include working on:
Assigning Homework to the Student
Raising Private Capital
Locating Hard Money Lenders
Locating Real Estate Investment Clubs
Contacting Prior Resources
Most of our coaching students are relatively new investors so while we as coaches have homework to prepare for the area, we assign homework to our students so that they are prepared for our arrival. This homework is pretty simple! The most important part of the students chores is to schedule appointments with 2-3 realtors, 1-2 title companies, 2-3 hard money lenders, and 1-2 mortgage brokers. These indidviduals are critical in the success of the investor building a TEAM around them that can assist and allows for the investor to delegate due diligence.
I wrap up my day with a call to my student to prep them for the schedule tomorrow and head out to dinner.