Focus Your Way to Real Estate Wealth

Last night, as our dog Bram was drooling over Dave eating crackers and cheese, my Mom said:

If we all could focus on making money like dogs focus on food we would all be millionaires by the time we turned five.

Ok, five years old is a stretch but my Mom is definitely onto something. When you make something your focus, even just for an hour, how much do you accomplish? In this day and age of blackberries and iPhones, very few people focus on any one thing for long. So, think of the power of actually giving your biggest goal one hour of 100% attention every day. What if you focused an hour a day on building real estate wealth?

This means that you would spend one complete hour every single day with the sole goal of building your real estate wealth. What would you do with that hour if you are just starting out? Here are some ideas:

* Before you do anything - figure out what your goals are! How can you focus your way to real estate wealth if you haven't defined what that wealth is, or how you want to achieve it?
* Read a book about real estate investing. There are some great books out there that will help you learn the basics. If you are Canadian, I highly recommend you read Making Money in Real Estate by Douglas Grey.
* Research property values in your target area (and if you don't have a target area, then you should be researching potential areas looking for places where there is going to be some positive changes to the economy or the housing market).
* Research real estate agents and property managers for your target area, and start making calls to find people that you would be comfortable working with.
* Speak to a mortgage broker to get a handle on your financial situation, and what you can qualify for in an investment.
* Visit open houses in your target area.
* Start researching rental rates in your target area by reading newspapers, checking craigslist and other rental websites.

I am sure you can think of so many more things to do to move yourself towards your goal! With an hour a day, you will be surprised and impressed with how far you've come after just one month. But how to find that hour a day?

Here are some of my favourite blog posts along the lines of this subject. Search for them in google and read them for inspiration and motivation!

* Tim Ferriss - one of my favourite blogs - specifically read 4 Hour Work Week Blog: 9 Habits to Stop Now: Once you read this I am pretty sure you will find several ways to get an hour out of your day. For me, it's checking my email MUCH less!
* Rock Your Day - Lots of posts on getting up really early to rock your day. Always great content in this blog. Read: Rock Your Day: Catch Yourself Making Excuses and then do Something About it.
* Early to Rise - Daily newsletter which I have been reading for over four years now. Early to Rise is FULL of great ideas for making money, being healthy and maximizing your potential in whatever you want to do. Read: Early to Rise: 3 Steps to Success.

Anyway - it's now time for me to focus my way to Real Estate Wealth. Or, is it time to take Bram for a walk? I think Bram is telling me it is walk time... well I will focus after I walk the dog...

Free tips and information on investing in Real Estate in Canada at http://www.revnyou.com Get Julie's stories free to your in-box each month by signing up for the Rev N You with Real Estate newsletter, and get a free starter tips guide where you'll learn:

* Three easy ways to make money in real estate (so easy you'll be making money while you sleep!),

* How to buy properties in Canada with limited cash,

* Your property type

* The easiest way to get financing,

* How to select a location and begin the search for your next (or first) property purchase.

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