Friday, March 29, 2019

The importance of skin


This week I want to bring you a simple yet effective core philosophy that has been the backbone to my business and has served me very well over the years. That philosophy is “Never do a deal you are not fully, 100% prepared to close on yourself”  let that be your guide. There has never been a deal yet that I do or put out that I am not prepared to close on 100% myself whether someone takes the deal, invest in the deal alongside us or not. And key here is to be prepared for just that as it happens.

In fact, as I write this post now there are 3 deals people did not jump on when I offered them and all three we closed on ourselves and are under contract to close with buyers. A flip netting us $28k , another flip netting us $23k and a commercial asset many investors said no that we just placed under contract to resell landing $2.5M in net income in 15 months! It happens. It happens for several reasons 1) every investor just like you and me has their own set of criteria good deal or not if it doesn't fall within it they don't invest, good investors are disciplined and should never go outside what they know, most don't 2) the person you presented it to wasn't comfortable with you  or 3) the person you presented it to thought different about your numbers i.e. renovation, resale cost etc. This happens often, its ok, every single individual looks at things differently and you are not here to educate them , you are here to simply present an opportunity if they like it and it makes sense great if not thats ok to.
By adopting this mindset over time people began to realize that you are committed to this and it builds character and most importantly trust. for example, people begin to realize that “when Dylan sends a deal out it's going to make money or he wouldn't be sending it out”  Where does this become important 1) if you are a wholesaler trying to sell other investors properties or 2) if you are raising capital for anything.
Some benefits of adopting this mindset
  • You slow down and underwrite more conservatively, if you have to take it down yourself you want to make sure you are accurate.
  • Supports long term business, trust, and character
  • When people realize this philosophy in you, deals and investments move exponentially faster. I've had investors not even look at what I've sent, the pure fact I've sent it they take it as they know Dylan  wouldn't put something out he wouldn't do
  • People see you have skin in the game and feel more comfortable
  • It allows you to detach from the outcome, which allows you to make better decisions about the deal.
When you DONT adapt this mindset :
  • When you don't have skin in the game or don't have this mindset you tend to not take the time to underwrite the deal as thoroughly as you should. When you don't have skin in the game you a detached from whether someone makes money on the deal or not. That is not good for anyone and you certainly won't be in the business for a long time.
  • Don't be the person who goes out and throws shit at the wall to see what sticks, there are a lot of people in this business that do that and you don't want that as your reputation. It's not about quantity as it is quality in this regards. Development instead the reputation of , when ________________ sends a deal out I can feel confident _____________ knows what they are doing and has taken the time. This creates far less resistance in your business and far fewer problems, deals happen fast and effortlessly and with good people.
What happens if you have this mindset but dont have the means to close? That's ok too, do everything in your power to figure it out and if in the end, you cannot find the means to close, take the hit, likely a lost emd and move on and try again, this time learning and adjusting and preparing better.
If you want to learn how to build a business and reputation that lasts in this space and ideals that will lead to flow vs resistance making life far more enjoyable than schedule a free 1 on 1 call with me and see if The Ultimate Real estate investing course is a good fit for you at www.Theuric Com you can get a free investor case study at vsl.theuric.com learning how to get your first investment property in 90 days or less.
Committed to your success,
Dylan

Friday, March 8, 2019

Solve most productivity issues with a strong daily schedule. Plus tips


If you take the time to look into the core building blocks of any successful business you will likely find less than a half a dozen disciplines that lead to consistent long term success. Any business or individual that succeeded at a a high level is radical about following a strong daily schedule and this alone contributes a to a big portion of their success, adapting this principle  in my own business was the difference between being stuck at 4 deals per year then shooting to 75 a year in 12 months. Its powerful
Really it comes down to either you are running the day or you are allowing the day to run you. Most people are allowing the day to run them. It's time to take control , this is your show, your dreams, your passion. If you do not gain control you will never be able to focus. Success requires uninterrupted periods of focus .
When you work from a strong daily schedule you
  1. Solve almost every productivity issue
  2. You are in control of your day and time vs someone else. Operate from your agenda not theirs
  3. You can accomplish in a fraction of the time what might take people months or years to accomplish
  4. You 10x the time it is going to take to hit your goals
  5. You begin to eliminate the feeling of overwhelm, stress, “there isn't enough time in the day”
You have to right now drop the excuse that “there isn't enough time in the day” there isn't enough time in the day because you are blowing in the wind! Stop that , stop allowing the wind to take you wherever it may go. You have the exact same amount of time as the billionaires and millionaires of the world, Jeff Bezos hasn't invented a time machine that can slow time down and he gets 30 hours out of each day.  The sole difference between you and the billionaire is the billionaire is laser focused and they are laser focused because they refuse under any circumstance to let anyone or anything run their day. They operate from a disciplined daily schedule, period.
Want to achieve more then we need develop this discipline as well. Here are some tips for developing and operating from a strong daily schedule. You can also watch my video on how I achieve insane productivity each day here : https://youtu.be/TELq3v0xPbI
80/20 Rule
The 80/20 rule if you is key if you really want to start getting results. See most people are spending 80% of their day in income servicing activities, activities that make you feel like you are being productive, “my day was crazy i can't tell you how much I had to do or got done” however what most people don't realize is that they are spending 80% of their day running figure eights. Think about your day today what specifically did you do to produce income? How much time did you spend prospecting new business vs working on “things” . You need to structure your day around 80% income producing and 20% income servicing.
Let me give you an example , you go on an appointment , come back and start evaluating the numbers and prepare to make an offer. Is this income producing or income servicing? If you guessed servicing you are correct. The income producing time of this activity was prospecting and going on the appointment. As real estate investors to succeed at a high level 80% of our day , the highest and best use of our time is income producing activities which are
  • Prospecting
  • Strong lead follow up (closing the deals)
  • Going on appointments
That's it! If it doesn't fall into those categories its income servicing and you should only be spending 20% of your time daily on it, have more income servicing then you know what to do with? Hire an assistant then! Your pay to them will allow you to produce more income. If your time is worth $200 per hour and you pay an assistant $20 per hour you are netting $180 per hour. Do not be doing the $20 per hour work!  Below I'll give you an example of a strong daily schedule to illustrate this.
Begin by asking yourself for each task you are doing. Is this income producing or income servicing and put it in the appropriate bin for the day.
Identify your top 3 activities each day
Each day you need to sit down and identify what top 3 things on my list today are the most important to moving my business forward. This will likely change each day for you. Then sit down and knock them out in 60-90 min jam sessions each. Want to see how I do this watch my youtube video here https://youtu.be/TELq3v0xPbI (skip towards the end) If you this each day you will move towards your goals much faster 
Utilize technology (Google, Siri etc) Schedule everything
For it to happen you have to schedule it, both business and pleasure. Begin to adapt the habit of scheduling everything! This also takes the stress away and feeling of overwhelm. By having a spot for everything you can simply place what you need to do in that spot and forget about it until that spot occurs. See most of us keep a running to do list in our memory and hold onto it forever it never ends, this is exhausting mentally, it's like a computer cache, if you leave a computer on for months on end and do not restart it , the cache , memory fills up cannot hold any more and begins to slow down and freeze, we are alot like that, Dump your cache by scheduling everything you have to do then forget it . Want to see how I do this watch it here https://youtu.be/TELq3v0xPbI . I love working off Google Calendar i also use Apple Siri alot for example “Hey siri set a reminder for ____________,” or “hey siri schedule appointment for ______________” or “ hey siri set time for 90 minutes “
Work in Jam sessions
I learned working in Jam sessions from Darren Hardy insane productivity course and never looked back . You can see how I work in jam sessions here https://youtu.be/TELq3v0xPbI See in a 8 hour day we really can only do about 2-3 hours of truly focused productive work. I take my top 3 activities each day and set 60-90 minute jam sessions either with a countdown kitchen timer or use Apple Siri “hey siri set time for _________-” I then focus uninterrupted and don't even have to watch the time, I just jam out. This is how I operate each day, even right now while i'm writing this article!  I have 29 min left on my jam!
Go into Airplane mode
Another lesson i learned from Darren Hardy is to go into airplane mode while I do my jam sessions. That means take away the options, allow no distractions. Put yourself in a room, environment whatever you need to do so you do not get distracted for me thats
  • Sign on office for DND in a jam session
  • Cell phone in a drawer on airplane mode literally
  • Email closed out
  • Social Media sites closed out
  • Sometimes I listen to focus music on youtube
  • Sometimes, actually often I leave the office entirely and go somewhere where no one can find or get ahold of me. Take away the options remember success requires laser focus
Example of a strong schedule.
Here is an example of a success schedule for real estate investors the same one my coaching clients use the same one I used . Break your days up to 3 categories, 1) Morning Routine 2) Afternoon Routine 3) evening routine
  1. Morning Routine: (8am-12pm)
    1. 8:00 - 8:30 am Role play , scripts objections
    2. 8:30 - 10:30 , Two solid hours of prospecting and lead gen
    3. 10:30-11:30 Strong lead follow up
      1. Take 10 minute breaks after each jam session
  2. Afternoon routine ( your 20% admin)
    1. 12-2 All admin you need to work on
    2. Tip: knock out all your most important admin in this window. If you cannot get it all done when the time is up stop , put it down and pick back up tomorrow. Develop this discipline.
  3. Evening routine: (3-6 pm)
    1. Time to go on your appointments and walkthroughs
    2. If no appointments or walkthroughs than do more income producing, lead follow up and prospecting

For those who are interested in deeper information on this join me in the ultimate real estate investing course where I go much deeper into this at www.Theuric.com  and give you in depth training.
If you are ready to take control of your day then join me and thousands of other students taking massive action in the ultimate real estate investing course schedule your free one on one strategy call with me today, where I will dive into your current business, where you want to go and how we can get you there .
Schedule your strategy call now at>  vsl.theuric.com
Committed to your success, 
-Dylan

Friday, March 1, 2019

The Magic of 1

Most of you have heard me talk about the importance of tracking your numbers, and how I really believe it plays the #1 most important role in building any long term successful business in The Ultimate Real Estate Investing Course we go into this in depth (www.theuric.com) , however there is another number that is just as important and much similar to focus on that's the Magic 1!



Often times when you are just starting out in real estate or trying to scale up it can feel overwhelming , as you are working towards your goals most of us are standing at the very bottom of a staircase that when you look up at it you get a big gulp in your throat and sometimes dont even want to start on the journey as it could be a staircase with 200,000+ steps most turn back. What I always tell my coaching clients and students of the URIC is to simply set the goal (that's the top of the staircase) then don't worry about it, simply focus on the next step in front of you don't look up! If you are focused on the next step in front of you eventually if you just keep taking a step you will get to the top of the staircase guaranteed. Success is just small , seemingly insignificant steps repeated each day no matter what compounded over time that lead to success. Now each of us has our own speed we take those steps you cannot control that. What you can control is to take 1 step each day towards the top.

With that said the Magic 1  in real estate investing is if you simply focus on setting 1 appointment each day with a motivated seller ( not wants to sell , but has to sell) Then at the end of each week you would have gone on 5 motivated seller appointments. If they are truly motivated there is no question anyone reading this blog will get 1 out 5. If you are getting 1 out of 5 that means you are getting at least 4 investment properties a month! Now what does that average investment property pay you ? Well if you are a wholesaler it could be $5,000 a property! If you are a flipper it could be $25-30,000 a property! You can do the math. But you have to have a relentless commitment and mindset that refuses to rest at night until 1 of 2 things happen. 1) you have set your minimum 1 appointment each day before you lay your head down at night or 2) 9:00 pm hits and you cannot prospect any more as people get really mad at 9! And if that's the case then you simply don't forget about your one appointment you catch up and focus on setting 2 the next day.

The step on that big staircase is this , just focus on setting 1 appointment a day with a motivated seller and before you know it you will have more success than you ever imagined. If you cannot do 1 a day do 1 a week, thats 4 in 1 month and you should get 1 out of 4. (how do you get more than 1 out of 5? You work on your skills and knowledge through courses like the URIC)  Well if that one pays you $25,000 would that be a good month? Everyone reading this if you want to get involved in real estate investing and succeed you should be setting no less than 1 motivated seller appointment a week or you may want to consider doing something else!

I’ll share a quick story to highlight my point about being radical with this, I got so attached to the idea of 1 appointment a day when I first started that if the day ended and I had not got my 1 appointment and 9:00 pm hit i found another solution…. I started prospecting in California because they were 3 hours behind us in Michigan and I could get another solid 3 hours in!

Get committed to the Magic 1 and you will have more success than you initially may have imagined and simply focus on the next step in front of you.
If you are interested in going further with real estate investing and are not yet a student of The Ultimate Real Estate investing course and weekly coaching then let me see if I can help schedule a free 1 on 1 strategy call with me now and lets dive into where you are and where you want to go schedule at vsl.theuric.com  or https://dylan-borland.mykajabi.com/vls-1-call-opt-in

If you haven't already you can get a free real estate investors case study at https://dylan-borland.mykajabi.com/p/F1CaseStudy and see how real estate investing can set you free.

Last you can grab a free trial of The Ultimate Real Estate Investing Course at www.Theuric.com


committed to your success,

-Dylan