“Real” Estate Entrepreneur

Hello fellow Real Estate Entrepreneurs and Happy Friday to you all!!
Today, I wanted to dive into that dirty word “Procrastination”.  We are all so very guilty of the urge, but take comfort in the fact that most entrepreneurs embrace challenges and therefore avoid procrastination.   (most of the time)

I am going to list some helpful tips to try. (I am just FULL of tips and tricks, yes?) Try them all or try just one at a time and let me know if you notice a difference in your motivation levels.      p.s. ’tis much easier to stay motivated when you schedule your tasks and actually (yes actually) stick to the schedule.  You will accomplish soooo much in way less time. 

Here we go:

1. Do NOT, I repeat Do NOT put mundane tasks on your daily to-do list.  Yes, we all must check our mail/email, and we all have to do laundry, dishes etc.  By putting these tasks on your list, you are creating an escape from the important things that are more of a priority.  Like, shall I say….. make money today…..Check!
2. Simplify tasks that can be.  For example, if you must send out information about a property to other investors or clients; how about email blasts or posting this information where it can be easily accessed by large numbers of people.  One post=more free time, know what I mean?
3. Prioritize your list.  Some may disagree, but I like to place the most important tasks at the very top of my list.  You will sometimes find that these may be the most time consuming and/or difficult ones.  That’s precisely the point; when you have completed the one you were contemplating procrastination on, you will feel great and motivated to complete the remainder of the list. 
4. Check your email only when you have plenty of time to reply to important ones.  If you are in a rush, you will end up having to read them again= waste of precious money making time.
5. Don’t take personal calls while you are working on business related tasks.  This is what voicemail is for. 
6. Lastly…….Just Do It!  Once you get started, you will start a momentum that will last until your list is done for the day.  Admit it, You feel awesome when you cross something off, don’t you?

I hope these easy tips will help you free up some time!! 

Because we all know that TIME=$$$$$$$.

Good Luck to you all!

Tags: procrastination, Real Estate Entrepreneur, time management
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Well we are going through with it and here it is.  Wish us luck with the new brokerage!  Check out the logo and send us some new business.

Hope you like it, if not, keep it to yourself as this is it for now anyways.  Have a great Fathers day all of you real estate entrepreneurs.  I just ordered our first shipment of signs today.

Tags: charleston real estate, Real Estate Entrepreneur
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So this is a very important post to me and I wanted to go briefly over it with you.  Over the past few years, I have had the opportunity to meet with some very important people and these meetings have been vital in my growth as an adult as well as a real estate entrepreneur. 

At one time, I was getting personal advice from a man who won the entrepreneur of the year award by a major entrepreneurial organization, had exposes in upper end magazines, and was an overall great individual.  I am still in contact with a President of a local bank  and was on an acquaintance relationship with the Lt Governor of the State.  How did all that happen? Well, people like me and I am a helpful person.  Eventually, it just ended up happening and I am very grateful for all of my experiences.  One of the greatest experiences I have ever had has been to sit down multiple times with an actual billionaire who made his money in real estate.  I wanted to share just a bit of this information with you.  Would you like to learn something?

This man, was so brilliant that I couldn’t even understand the way that he thought.  All I know was that I was so awestruck at the time spent with him that it took me years to even grasp his words.  He thought on so much of a greater level than I have ever seen.  We talked about world economics and he even warned me about this recession that we are currently in.

He warned me of over leverage and what it was causing which was all correct and he also explained to me this.  He explained that it doesn’t matter how much money you make this year or even over the next couple of years.  What matters is how much money you have in ten and twenty years.  What he meant is what is happening to everyone right now.  All of these real estate “millionaires” had so much and now that  the market has corrected they are losing everything.  Now I over leveraged a bit but not to the point where we were not able to manage through the down times.  We are actually still able to grow and put money away but had I now been given that information, perhaps we would be in the same position that 12.5% or 1 in 8 people are in these days; foreclosure.  I hope that it is not too late for you and just heed those words.  A self made BILLIONAIRE is definitely someone to listen to.  Thanks a bunch Jack

Well, there are a couple points to this post.  First of all, I have experienced great success from all that I have learned and what I continue to learn from everyone in my life.  From people with more real estate experience than me to watching my four year old little girl and how she enjoys life and everyday experiences. 

The point that I was trying to show in what I had learned from Jack was that it doesnt matter how much money you make this year.  If you lose it in a year than you might as well never have made it. 

So good luck, make mistakes and keep pushing forward.

Tags: charleston real estate, Motivation, Real Estate Entrepreneur
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Well, here we go again Charleston Real Estate Investors.  This is the real estate entrepreneur, and I am going to give you just a short tidbit on a fun and easy way to save some money.  At my house we have an allowance account.  Just like you give your kids or you remember getting we put a bit of money in our account every week separate from all of our money and we build up the excess very quickly.  We like to spend a good bit and we put $300 in our account every week.  That is not saying that we couldnt easily live off of $200-$250 per week.  Even dropping to $250 per week would save another $200 per month.

For us $300 allows us to spend $75 on gas between both vehicles, $100 on groceries, and $125 on miscellaneous.  We can go to the movies at $20 a bunch of times, or go to the movies and buy a couple or really do whatever we want.  It also aids us in not buying big stupid purchases that are caused by spontaneity.  You know the things that you buy because the box looks cool.  Well, check out our website at www.charlestonrealestateinvesting.com

Go out, make mistakes, and make some money!!!  Thats what Im doing!

I just wanted to add a couple of things real quick.  This $300 is just for my spending money.  It includes things like movies, clothes, oil changes, and the like.  It does not include things like business marketing materials, recurring phone bills, utility bills and the like.  Of course this account is a goal oriented account and say we had some emergency we would of course use the money from one of our other accounts.  Comment!

Just wanted to throw in an update.  I think next week we are going to lower our allowance to about $200 and get gas out of our other account.  This is because the more business we are doing the more we are driving and we need to spend the money on gas.  I am believing that gas is too important to have a limit on it.

Tags: charleston real estate, managing, Real Estate Entrepreneur, real estate investment
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This one is something that I have struggled with for years and something that I am finally beginning to understand.  Ill start by saying I was hanging out with a buddy of mine the other day who is much farther in real estate entrepreneurship than I am annd is also a mentor.  check out his website www.woodruffinvesting.com

Well, he was talking to me about my team and how I need to use delegation to create efficiency.  Well I am new to the team concept let alone delegation.  I have always been the type of person that would work twice as hard to make sure something was done correctly.  That often times meant doing it myself.  While that works well in the beginning you will eventually get to the point where you dont want to work from sun up to sun down 7 days a week and you may begin to resent your business, your dream.  Now why on earth would you ever want to resent your dream. 

Well, here is what I have found in delegation.  I now delegate the smaller prospecting and the renovations to our properties so that I am able to focus on the bigger paychecks of listings and the investment management.  I now have buyers out looking for investment property and mobile homes while I am able to keep the big ball rolling and growing. 

My buddy told me to use this delegation as  a tool to manage time and its working.  Right now I am writing this while on the phone negotiating a short sale.  This is something that I am unable to do if I am out putting up bandit signs or answering calls from unqualified leads.  Start thinking of your business as a business and begin to grow.  Dont go wild though, dont over extend.  I like to think of it as taking just a bit bigger than baby steps. 

Well this is a short one, get out and do something!!!

Make Mistakes!!!

Tags: charleston real estate, managing, Motivation, Real Estate Entrepreneur
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Here is a great topic ladies and gentlemen.  Are you ready to become more productive?  If you are like me than you sometimes have a problem with productivity.  Some people call it, “spinning your wheels”, “moving fast and getting no where”, or even “Im working as hard as I can and not making it happen“.  Well, these are all words of a frustrated individual and I am going to share with you what  sometimes helps me to get through these times.

First of all, realize that this happens to everyone.  We are entrepreneurs and we face struggles.  If this was for everyone than we wouldnt be the exceptions we would be the rule and we would have to find something else to do, right?

Now that you realized, calmed down, and are thinking clearly; be honest with yourself.  What is it that you arent doing, I know, I know you arent achieving but what arent you doing?  Either because you dont want to (that part sucks) or because you have delegated that part to someone who is unable to handle the responsibility.  Did you figure it out?  I am betting that you did.

Well, I was listening to some Tony Robbins and he was talking about how he made it in his business.  It was at the birth of his new son, much like where I am in my life ( I am waiting on a daughter to be born anyday) and he didnt like his living arrangements.  I live in a WIP (work in progress – as one buddy of mine calls it) and I am not ok with that.  I am a real estate entrepreneur and deserve to live like I work as hard as I do.  In fact, I would say that I HATE this house! 

I HATE this house much like Tony Robbins hated his living arrangements when he went from $38k to $1,000,000 in a year.  Now I make plenty enough funds to qualify as a real estate entrepreneur as I am sure you do as well but  I have developed such a hatred for this house and how I force myself to live.  I have developed a list of the mediocrity that I have allowed myself to become content with and how that contentness and mediocrity disgusts me.  You may be thinking, well I am fine with being content, and this post may not be for you.  How can you be fine with being content?  Being content means to not be happy yet not sad.  So you are fine with your life being filled with nothing.  That is at least how I feel about it.

The remedy that I have found is in reading this list everyday and becoming upset with my life to the point where I want to work harder to achieve.  My family deserves more than I am giving and I have a larger role to play in life than the “buy a house, have some kids, get old, and die” mentality.  I am here to make a difference.  What about you?

Make up your list and keep adding to it.  Dont be content and read it every morning.  Realize why you are not ok with your life and what more you need to have.  Well, Get to it, stop reading and start writing, I am changing your life right, make sure you come back and say thank you!

Tags: charleston real estate, Motivation, Real Estate Entrepreneur, tony robbins
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Have you ever asked yourself this question?  As an entrepreneur, a real estate entrepreneur, I used to ask myself this question all of the time.  It wasnt until recently that I finally figured it out.  People have talked to me and given their points of view and countless of people have asked me.  Until I figured it out I was kind of oblivious to the simplicity of this answer.

First of all, lets talk a bit about you and how you are feeling if you still find yourself asking this question a lot.  Well, keep in mind that I used to always have this feeling so I know what you are going through.  Realize how you would feel if you had a boss to answer to as well.  Not going to happen is it?

Do you find yourself prospecting until you are sick of it?  As much as you love your job you should be doing it until you are sick of it. 

Are you caught up in the systems of the business rather than prospecting? 

Have you looked at what you are really doing? 

 Do you get mad at the business and sometimes ask yourself if a regular job would be more enjoyable?  Getting a paycheck week after week and not having to worry about making sales?

Are you a always positive or do you find yourself bouncing from highs to lows like you are on a life rollercoaster? 

Well, if that sounds like you dont get upset and realize that you are in a place where most people have gotten to and quit or have pushed through and made it to that next level.  I dont claim to be any type of guru like so many of my peers but I do claim to do pretty well in this business.

So calm down, relax and take a breath.  I am about to give you the MAGIC ANSWER to all of your problems.

Ready?

Well Here it is…………………..

You are not working hard enough!  If you just want to work 40 hours a week and live a mediocre life, go and get a job.  A buddy of mine that is much farther in life than I am told me that it is the greatest feeling to not have to get up if he  wants to.  If he wants to leave for a week, there is no vacation or anybody to ask, he just leaves.  He told me that he felt bad when he first realized that he doesnt have to wake up in the morning and that he is able to start his days when he feels like it.  He still makes more that the general public in a month than they will make in a year.  I am not to that level but I am on my way and still pretty young.  I am 24 for those of you who are interested.

So there it is, it is no big surprise is it?  Get out and prospect everyday.  Do what you dont like until you like to do it.  STOP, Think about what you just read and get it done!

Good Luck and donate some money to the cause, this is some good information!

Make Mistakes – if you are not making mistakes you are not trying hard enough!

Tags: charleston real estate, investing, Motivation, Real Estate Entrepreneur
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Good Morning Real Estate Entrepreneurs!

I wanted to share just a few of the available properties that are ready to rent and sell in the Charleston Area.  We will periodically list these on the blog.  Please contact us if you or someone you know is interested in any of these.  They are all move-in ready and are available immediately. 

2 Bedroom 2.5 Baths, Condo for sale, minor repairs needed, Short Sale approved $108,000  For Sale only

Rent to Own $5000 down, $1200 per month - This is a beauty, completely renovated, new 4 Bedroom 2 Bath

-4 Bedroom 1.5 Bath House in Dorchester II School District (Rent To Own)

minimum $3000 down and $900 per month Rent

4 Bedroom, 1 Bath in N Charleston, $800 per month, or Rent to Own $3000 down

-2 Bedroom 1 Bath Apartment

$500 deposit and $500 Rent  (includes water)

-1996 3 Bedroom 2 Bath Singlewide Mobile Home (Rent To Own)

$5000 down payment and $670 per month (includes lot rent and water)

-2 Bedroom Mobile Home for Sale in Dale Valley

$4000 or Rent or Rent to Own $1000 down, $500 per month

3 bedroom 2 bath, Rent to Own $2000 dollars down $550 per month off Stall rd in N Charleston

–Pic Coming Soon!!–

-3 Bedroom 2 Bath Doublewide Mobile Home, Ladson rd and 78(Rent To Own) 

$5000 down payment and $850 per month (includes lot rent and water)

We come across many properties of all types on a daily basis, so email us if you are looking for a specific area or price.  Also, we keep a buyers/renters list updated with names of people ready to lease. 

Contact me at audrey@bsohome.com for more information

also check out our website www.charlestonrealestateinvesting.com

Tags: charleston real estate, charleston rental properties
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Attention Charleston Real Estate Investors.  Here comes a real estate company designed for you.  As a real estate investor and a Realtor for the past few years I have just past the Realtor’s Brokers exam and am now qualified to open my own brokerage.  As we all know that there is no price fixing as real estate professionals, I have been toying with some ideas for cost on your listings.  Right now I am thinking of new “flat fee” listings.  Tell me what you think. 

I am also considering a pay by the hour type of situation as well.  This could be very beneficial for you, couldnt it? 

Well, lets go into a bit of why I am adding the brokerage to our company.  We do some investing in properties and obviously we will save some money on commissions.  The main reason is so that I am able to list and sell the investment properties that we are not able to invest in.  In today’s tough economic times, the banks do not lend as much to the self employed and there are many people that are overleveraged as it is. 

Now with the newly formed BSO Carolina Realty, you can choose how you want to sell your home, how much service you want will derive the price you pay to your Realtor.  Sounds pretty good, doesnt it?

Well, by all means I want to know what you think and I want to help you.

Check out our website at www.CharlestonRealEstateInvesting.com

Tags: charleston real estate, Real Estate Entrepreneur
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