4.9 • 675 Ratings
🗓️ 23 January 2015
⏱️ 9 minutes
🧾️ Download transcript
In this week's Cash Flow Friday Tip we discuss the topic of choosing your target geographical area for where you'll be investing and why it's so important to have a clear focus on this.
In this show, you will learn:
§ How to select the ideal size market to start with
§ Why focus is the key to being successful
§ How to collect and store the leads you'll get during this process and why they should be treated like gold
§ How our company selects our geographical target areas and why
§ and much more
Click on a timestamp to play from that location
0:00.0 | Welcome to Kevin's Cashflow Friday Real Estate Tip, where Kevin shares with you strategies |
0:09.8 | and tips that will help increase your cash flow, make you a more sophisticated investor, |
0:14.8 | and provide you with the tools necessary to take your real estate business to the next level. |
0:19.4 | Now, here's the man you've been waiting for, Kevin Bub. |
0:23.6 | Hey guys, Kevin Bubb here with episode number two of the real estate investing for cash flow, |
0:28.4 | Cashflow Friday tip. |
0:30.0 | Thank you for joining me as I share tips and strategies that will bring you a ton of value |
0:33.8 | and help take your real estate business to the next level. |
0:36.7 | In today's cash flow |
0:37.6 | Friday tip, we're going to talk about the process of selecting your target geographical area |
0:42.1 | for investing and why it's so important to have a real clear focus on this. And I should pre-frame |
0:47.9 | this by saying that the information I'm about to share with you is based on the assumption that you |
0:52.3 | already know what types of properties you're going to be looking for investing in. And what I mean by that is you already know |
0:57.7 | that you're going to be looking for apartment buildings of a specific size or you're going to be |
1:01.4 | looking for office centers of a specific size or retail centers, you know, assisted living |
1:06.3 | facilities, whatever it may be. But you already have a good understanding of what it is you want to invest in per asset class. |
1:12.8 | And so, again, everything I'm going to talk about here is based on the assumption that you already know that information. |
1:17.3 | If you don't, you really need to go back to the drawing board and determine what it is you want to invest in because none of this really matters until you understand exactly what you want to focus on. |
1:24.7 | So choosing a geographical area that's manageable in size |
1:29.3 | is probably the number one most important part of this whole process. And when I say that's |
1:35.5 | manageable in size, what you need to be able to do is be able to canvas and prospect this area |
1:40.9 | that you determine that you're going to focus on. You need to be able to canvas and prospect it |
... |
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