Monday, August 25, 2008

Getting organized

This past weekend was all about getting organized. We put together our business plan for the real estate investment business...it really helped my husband and I think through our vision, goals, and approach (structure, resources, marketing plans, buying and selling strategies). This will also be helpful to show to potential private lenders so that they know what we're focused on.


We signed up for a voicemail service with Got Voicemail - it has some great features. We opted for a local number instead of an 800 number and we'll see how that pans out.


We've also purchased our first set of bandit signs from SuperCheapSigns.com. They have some great templates for real estate investors and have good prices. Not sure if they're the absolute cheapest, but I'm yet to find anything for less so if you're reading this and have suggestions, I'm open!

Anyway, we're focusing on signs for attracting investors as well as sellers. We've learned about a lot of different messages that have been successful for other investors so we're not recreating the wheel. We're trying the simple 'We Buy Houses' as well as the 'Handyman Special - 40% below market value' approach. Hoping to have those signs before Friday so we can get them up on Friday evening.

Today I will print out some business cards so that we'll have that on hand whenever we need them.

We've called real estate agents that we've worked with in the past to let them know that we're looking for properties to invest in - mostly pre-foreclosures and bank owned properties...but essentially if there's a motivated seller then we have something to work with. A good friend of mine is a realtor so we're looking forward to working primarily with her.

By the end of the week I'll also have some ads up on Craigslist.org so we can begin getting the phone ringing.

2 comments:

Bolaji Oyejide said...

Hey Shan,

I'd love to see some pics of your signs... as well as pics of some of the homes you're looking at, when you go "Driving for Dollars". :)

Shae said...

Sure, Bolaji. I'll be sure to bring my camera with me so I can add pics to the blog.