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What if I Get Stuck in the Middle of a Deal?

Guest post by: C.J Lauria

Article Overview: Wholesaling in general, is a great way to break into real estate investing as it doesn’t require a lot of money or personal credit. That’s why my mentorship program starts with wholesaling so that my students have an opportunity to earn some money, get out of debt and start saving for their own transaction in which they will actually take title. The key here is volume. I call it “stuffing the pipeline” and that level of volume will likely only be reached with the aid of a team.

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What if I Get Stuck in the Middle of a Deal?

You may recall having said these very words! Have you ever been into a deal without clear vision of how to get it closed? Or maybe you’ve had a really great plan, but the unexpected struck and “threw you a curve ball” that you didn’t see coming? OK, relax. It happens to the best aspiring Entrepreneurs once in a while. What’s more, it has happened to me plenty of times! That’s what being an Entrepreneur is about. You will often find yourself blazing a new trail and it can get a little scary at times. Of course, in the real estate investment business, a “newbie” can really feel the pressure once the transaction is in contract and the “due diligence clock” starts ticking. You have a very limited time to get things in place before you must pull your last contingency and the pressure’s on.

That’s why I am a strong advocate of working with a network and even on a team. In the real estate wholesaling business, it is possible to close a deal per week when you have all of your support systems lined up. Without the backup of a well-oiled team, you will find yourself caught up in the mundane tasks of your business rather than finding those golden opportunities known as those found in motivated Sellers….and Buyers.

Wholesaling in general, is a great way to break into real estate investing as it doesn’t require a lot of money or personal credit. That’s why my mentorship program starts with wholesaling so that my students have an opportunity to earn some money, get out of debt and start saving for their own transaction in which they will actually take title. The key here is volume. I call it “stuffing the pipeline” and that level of volume will likely only be reached with the aid of a team.

During the past year I have watched a number of Wholesalers go out of business…not willingly, but due to the fact that they couldn’t put all of the elements together in order to get an appreciable number of deals closed. They tried to do it solo. I predict that wholesaling will present a tremendous opportunity for new Entrepreneurs for the next few years. Nevertheless, the competition will get much fiercer. I believe that, with few exceptions, those trying to do it all alone with fall by the wayside and only those wholesaling companies who operate a synergistic private network will prevail.

So, how will you avoid getting into a deal where there is no visible way out, having to possibly walk away from all of your hard work? Start by getting a Mentor, especially one who has a support staff. From my experience, the very best scenario is when the Mentor has a vested interest in his protégé’s success. In other words, as joint venture partners, both Mentor and Student work together toward a common goal.

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Article Tags: mentorship program, real estate, real estate investing, real estate investment business, real estate investment business plan

About the Author: C.J Lauria
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C.J. Lauria, Real Estate Mentor, Real Estate Investor, Personal Development Expert, Entrepreneur Coach, and Author, addresses pertinent concerns facing many boomers today. Whether you are 1) concerned about possibly outliving your income and having to dramatically scale back your lifestyle, 2) weary of purchasing an endless number of “programs,” 3) looking for a sense of fulfillment or 4) tired of watching others make insane profits in real estate, he offers solutions to these problems. He trains, coaches and mentors beginning, intermediate and advanced Real Estate Investors to operate a gainful business. Regardless of your age or circumstances, he provides solutions for financial independence from education and mentorship all the way through to wealth building/protection strategies for your newfound wealth. As Founder, he offers many solutions through Invesdoor.com and the renowned Mentor for life!™ real estate investing partnership plan. C.J. Lauria, Founder Invesdoor!™ Mentor for life!™ 888.380.Invest (4683) http://invesdoor.com http://www.facebook.com/mentor4life http://www.linkedin.com/in/cjlauria http://twitter.com/invesdoor "Attitude is Everything"

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