Outsourcing for Success in Real Estate Investing

I found this interesting article on Early To Rise, an ezine to which I subscribe. It has some good points on successfully investing in real estate.

"When small and mid-size businesses outsource work, it allows them to focus more on their core competencies. In many cases, this approach to outsourcing is a smart way for businesses to add value to their operations."
Nancy Pechloff
Outsource and Income: Using Specialists to Accelerate Your Real Estate Success
By Dave Lindahl
Real estate investing is much more than finding and buying the property. There’s more to do once the deal is completed - and you may own (and have to take care of) the property for months, and more often for years. Certainly you don’t want another job or obligation in your life. That’s why real estate investing appealed to you to begin with! So to get that free time and passive income you dreamed of when you got into real estate, outsource the jobs you don’t want to do.
In fact, if you work with a realtor or mortgage broker, you may already know some of the people who can help you.
Don’t forget that, as a real estate investor, you’re the CEO of your own company. CEOs don’t do the work - they hire specialists to get it done. Your job is to oversee it all, to manage your real estate investing portfolio… not to fill out landlord forms, chase tenants, mow lawns, and collect rents. And your favorite job will be to take checks to the bank (a task you’ll never want to outsource!).


The rest of the article is here: http://www.earlytorise.com/2007/08/07/outsource-and-income.html#main

Key points:
Step 1. Expand your geographic investing area.
Step 2. Find specialists for all aspects and all phases of the work.
Step 3. Use real estate investor courses to learn fast and learn right.

These are all keys to successful investing in real estate.

The bottom line is that you're going to pay for your education as an investor one way or another. Whether it's making mistakes that you end up learning from, or paying for it through a quality educational program, or some combination of both.

One crucial thing to bear in mind is that last year, over 500 Million dollars were spent on real estate investor education. The sad truth is that with most of these courses, very few people actually achieve results. That may be because a course might be missing something, it takes more time than the pitch says to make it work, a lack of money or credit, or the number one reason why people fail to act: FEAR.

So you need more than just a course or two, or a weekend bootcamp, to kick-start your investing. You definitely need the education, but you also need properties, income, and a community or network of people to help you succeed. I've only found one company that offers all this: go to www.creatingrealestateinvestors.com for more information.