Welcome to another episode of the Grab the Map blog! Today, let’s break down a straightforward success formula that can take you further, no matter what business you’re in. This formula is simple, but it works—education, planning, and hustle. Let’s dive in!
1. Get Educated
No matter what you’re aiming for, start by becoming an expert in it. In real estate, this means learning everything from the basics to advanced strategies. Understand why people invest, know the terminology, and study the strategies that work. Here’s how to get started:
- Read Books: Books are a treasure trove of knowledge on real estate, sales, and business.
- Listen to Podcasts: Fill your commute or downtime with podcasts that dive deep into the ins and outs of investing.
- Find a Mentor: Surround yourself with people who are experienced and can offer you guidance.
- Join a Community: Being part of a group with similar goals—like our Grab the Map mastermind—keeps you accountable and motivated.
The more educated you are, the better your foundation. Knowledge is power!
2. Make a Plan
Once you’re educated, it’s time to develop a game plan. In real estate, you could choose to:
- Flip Houses: Buy, renovate, and sell properties for profit.
- Wholesale: Find deals and connect sellers with buyers.
- Rent Out Properties: Build a steady income with rental properties.
Think about your time, resources, and goals. Decide how much time you can commit and how much capital you can invest. Consider what area of real estate aligns with your strengths and ambitions. A clear plan brings clarity and focus to your journey.
3. Hustle
Now, the final and perhaps most important step: hustle! Hard work is non-negotiable. Here’s what hustling looks like in real estate:
- Network: Talk to investors, agents, and anyone in the industry.
- Market Yourself: Let people know who you are and what you’re about. Use social media, YouTube, or even traditional marketing.
- Stay Persistent: Knock on doors, make calls, send letters—keep at it until you reach your goals.
Hustling is about working smart, but it’s also about working hard. Make sure you’re spending time each day pushing towards your goals. Don’t take “no” for an answer, and keep finding ways to make it happen.
A Personal Example of Success Through Education, Planning, and Hustle
When I first got into real estate, I was working as a school principal with a long commute. I didn’t have much time, so I turned my drive into an opportunity to learn. I listened to podcasts, read books, and kept feeding my mind with real estate knowledge. After that, I made a plan. I wanted to build a business so influential that people couldn’t ignore it. Then I hustled—networking, buying properties, making videos, and doing everything I could to grow.
If you get educated, make a plan, and hustle, you’ll reach your goals faster than you might think. Remember, this is Grab the Map, where we don’t just look at it—we grab it!