From my corporate background, I recognized there were 6 Pillars of Successful Businesses that all had to be in place in order for someone to succeed.  They are:

1)    Vision & Planning
2)    Specialized Knowledge
3)    Applied Strategy
4)    Mentorship & Advisors
5)    Strategic Partners
6)    Systems & Processes

I’m sure this looks daunting to you, yet if you chunk down these 6 Pillars into bite-sized chunks, within two weeks you’ll have the strategic elements in place to go out and dominate in your marketplace.  Because in order to build a real estate business that succeeds, and scales exponentially, these elements are critical and imperative to helping you generate a 6 figure bank account and realizing 7 figure gains in as little as 7 months, part time.

It’s not exactly easy learning how to build a real estate business, but the rewards can be tremendous.  Life changing.  Wealth altering.   One of the common problems faced by entrepreneurs looking to build a real estate business is figuring out the “how”…perhaps it’s more better described in terms of “how” do you do it, followed up by “what” do you do to build a real estate business.

In that regard, there’s a few relatively simple steps to follow that first starts out with a question.   Precisely “WHY” do you want to learn how to build a real estate business?

If you come up empty-handed – or worse still, say you just want to get rich quick – then go elsewhere…because the reality is that if you don’t know why, you don’t have enough “chutzpah” to cut it whenever a challenge arises.   These types of people when faced with a potential obstacle get easily frustrated, then cut bait and run.

So how to build a real estate business that dominates and crushes your competition?  It first begins with an understanding of what is a real estate investor, and what investing in real estate really means.

Since there’s no dictionary definition for this one, I’ll give you my interpretation.  A Real Estate Investor essentially is a problem solver.  This is an individual – or group of individuals – seeking to solve the real estate needs of others, in a courteous, respectable, and enlightened manner.  As a result of successfully solving the issues at hand, the real estate investor profits both within their heart and with their wallet.

Now we’re well beyond your Power Team in terms of additional hard and soft resources you’ll require.  For example, do you have an investment advisor or real estate mentor to guide you through the growth of your business?  Do you need websites and marketing systems to promote your business?

How much money do you expect to generate in the next three months?  What do you need to generate a 6 figure bank account and 7 figure real estate gains within 7 months?   This final section of your real estate investing business plan shows your existing resource constraints, and profit targets – both short and long term – and how you arrived at these conclusions.

This is defined by the outsourced members in the real estate investing field who will be the “enablers” for you to start, run, and scale your investment business.  People like Realtors, Mortgage Brokers, Real Estate Attorneys, etc go here.  Be specific as to why you have chosen these individuals in terms of what value they bring to the table, and how they propose to deliver this value to your business.  Always have references (at least two) for each member of your power team.

One of the things that Warren Buffet said, that any entrepreneur investing in real estate should remember is: “We are willing to hold a stock indefinitely so long as we expect the business to increase in intrinsic value at a satisfactory rate . . . we do not sell our holdings just because they have appreciated or because we have held them for a long time.”

With television programs such as House Flipping so popular, many real estate investing entrepreneurs imagine that the real estate game is all about flipping properties very quickly.
That’s not always true.

In many instances, successful investors have created enormous fortunes by real estate investing over the long term.  That is, some of the biggest success stories have bought commercial real estate, marketed it better to increase the vacancy rates, and are generating a large, steady income while building their net worth.

For you, this where you need to clearly outline the types of “product” you’ll be investing in, the length of time involved for each type of real estate, and the proposed exit strategies along each step of the way, with a focus for long-term wealth creation.