How to Finance & Build 10K/month Cash Flow from Rentals!

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How to Finance & Build 10K/month Cash Flow from Rentals!

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Turbo Charge your biz, 5 things you can do this week

  1. Goals – Write down your goals, what it will take to achieve them and start doing these tasks. Update this daily, you will be amazed how you can pick up right from where you left off the previous day and how much more you get done after only a week.
  2. Document your strategy – This is basically a very high level business plan. Write it down and continue to improve your strategy. Many investors wing it and spread themselves too thin by spending a couple hours on 10 different strategies. Spend 20 hours mastering one documented strategy instead.
  3. Critique your current systems – Are you effective, efficient, overloaded, without this or that? Look at ways to improve your systems and write down these tasks in your daily goals. Always look for ways to delegate.
  4. Build your team – You can’t do everything yourself, build a team, delegate and focus on what you are best at. Savvy investors become entrepreneurs and build a team and systems so they have no part in the daily processes, they just handle the high level decisions while on travel in exotic locations.
  5. Marketing Plan – Document a marketing plan and see it through. The best deals are usually without competition, market to your lists and implement your marketing plan consistently so you have a steady flow of home run deals in your pipeline to cherry pick from.

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5 Responses to Turbo Charge your biz, 5 things you can do this week

  1. Jill Gelinas says:

    Thanx for the great advice. I need a plan and I am trying to get more organized and focused. It is difficult to begin doing anything with no money. I am unsure how to start, but I am reading the material you offer and trying to get it all together. I am having to work a job at a fast food joint to make ends meet right now and my time is limited. But I feel your tips on getting organized will help me.

  2. Ryan,
    You hit the nail right on the head! Failing to plan is planning to fail. Right a plan, execute it, quantify your results, review effectiveness and start again. The old Rinse-Wash-Repeat.

    I found myself spreading resourses to thin in too many different areas and not getting any results. Focused effort hits the bull’s eye everytime!

    -Richard Tocher
    Certified Destressed Property Expert/REMAX
    Los Angeles, Ca

  3. Ryan Moeller says:

    Thanks Richard, I did the same thing at times, too many strategies with too little focus and went nowhere. Anytime I focus and have a documented plan, good things happen. Great comment!

  4. Dennis Smith says:

    There are several subcategories that need to be addressed when we say goals, marketing plan, lead generation, etc. and all of them are crucial to success nowadays. Our free guide at http://www.bizmeds.biz/small-business-marketing/ goes in depth on Setting SMART Goals, Choosing Your Target Market, Create Your Marketing Message, Create Your Marketing Materials, Develop Your Referral Network & Your Lead Management System.

    I would love to hear what you think – pro or con!

  5. Ryan Moeller says:

    Thanks Dennis, I look forward to checking out your free guide.

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