ebook proof read april 27

10 Costly Mistakes to Avoid as a New Real Estate Investor
In order to get their attention, you will require an engaging pitch that
generates interest in your property. Develop and practice a simple oneminute
introductory pitch that covers the following points:
Emphasize your position as a real estate investor. You're not a retail client.
This informs them that you will not waste their time and that a potential
partnership could prove lucrative for all parties involved.
Inform them that you work with a network of investors that could serve as
additional streams of income.
Disclose your system and approach. Contractors will appreciate the benefits
of working in your system.
Remind contractors that money is not distributed until the work is complete.
However, let them know that you love to pay for a job well done.
Leave the contractor with an enrolling question. Let them know that working
with you in the future will be mutually beneficial to each of you.
Assuming you have managed to compile several viable contractor options,
you will need to choose one. Again, this process is as much of you choosing
them as they are choosing you.
To facilitate the process of hiring a contractor, make what is known as a bid
packet. At the very least, this packet should include your scope of work, a
quote itemization form and bidding instructions. Leave several copies of this
packet at the project site and inform contractors where to get them. Once in
the contractor’s hand, they'll know how to get a hold of you and exactly what
to do. As its name suggests, the bid packet will essentially instruct them how
to go about making a bid for your project. 45
10 Costly Mistakes to Avoid as a New Real Estate Investor