3 Steps to a Deal Flow Machine

Real Estate Investing is like fishing in some ways. You have to learn how to find the Big Ones without working too hard.

I am a fly fisherman from way back. Even tie my own flies on occasion.

Standing by the stream you will soon notice that the biggest fish are not the ones eating the flies on the surface of the water.

The biggest fish don't spend that much energy. They like to be served their dinner in a more quiet fashion.

Polarized sunglasses will let you see the really big fish sitting quietly behind each rock and stump on the bottom of the stream.

They sit in the slack water behind the rocks waiting for bits of food to flow by on the current. Then they just turn their heads and gulp it down and return to their resting place.

Real Estate Investing like a Big Fish means getting great deals to flow over your desk every day.

I am talking about Deal Flow here. Deal Flow is when Projects come to You

Like the Big Fish you grab the meatiest deals as they flow by and you can set this up so it happens on autopilot in three simple steps.

Step 1) Get Crystal Clear on Your Goals

Think for a second ... what are your Real Estate and Financial Goals for the next 12-18 months?

- What property purchases do you want to make?

- How many deals do you want to do and what dollar amount?

- How much do you want your Net Worth to grow?

Once you have the answers and you are absolutely clear on what you are looking for move on to step two.

Step 2) Build Your Network

Get the word out. Let EVERYONE you know in on your goals, especially if they have a business reason for helpin you reach them.

The more people you tell, the more people will be in a position to give you just what you are looking for. And people love to help. I can guarantee you this ...

If you are not satisfied with the number of deals coming your way it is because not enough people know what you are looking for.

Network Building: Bigger is Better Amp It Up

Build a detailed plan to enlarge your network with exactly the kind of people you know can help you reach your goals.

Make a list of your current network and choose

- a bunch of Brokers & Agents

- A Title Company or three

- Your favorite Real Estate Lawyers

- Several Mortgage Brokers

- CPA's

- A couple of Appraisers

- Property Managers

- Bankers/Lenders

- 1031 Exchange Agents and more

Everyone you know and everyone in your target market who would profit from helping you on a project - and TELL THEM ALL what you are looking for in this next year.

Give them your contact information and stay in touch at least four times a year.

Here is a way to go even faster

Step 3) Pay it Forward to Kick Start the Flow

When you are building your Network it is important to fed and care for it properly. Make your's a two-way Network by putting your time and energy in as well as asking for other's support.

The Real Secret? You have to give before you get. Help others reach their goals and they will do the same for you.

Ask the people in your Network what THEIR goals are and when you get a chance to help them get there ... do it.

Let's say you are looking for a retail strip and a member of your Network is hunting for office space ... and then you run across a smokin' office deal ... tell them. What will happen is that same person will turn you on to a perfect retail deal soon enough.

These three steps are the key - it is that simple

1) Get Clear on Your Goals

2) Create A Network And Tell Them All

3) Help Your Network Members Succeed

Remember the big trout at the bottom of the stream. The current brought the food right to them. Your Network will do the exact same thing. Your Network is your current.

Practice the three steps every day with patience and persistence and in a few months you will see Deal Flow that can last as long as you want.

Then you can sit back like the Big Fish in the stream - watching the deals flow by - and reach out and grab only the really profitable ones to acquire.

Article Source: http://www.christiannotepad.com

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