How we maintain organization

Investor Organization Vs. Investor Club

Organizing investors is alot like herding cats. Its nearly impossible. So what we have done is categorized everyone by thier function and created a folder within Microsoft Outlook for that function. Jenna Loving, through her company Connected Agent , oversees our process of organization whereby my phone, laptop and desktop synchronize through a server every 2 minutes. This makes my work really hum, because everything is based in email. Email is a perfect way to stay organized wherever I am. I have a written record of my agreements on the fly that reach me on my phone or any computer in the world.

Within the system, we divide our contacts into three distinct groups: investors, professionals, and laborers.

A. Investors are categorized by the level of education they have and/or experience. We have created 4 basic divisions here. They are:

1. Newbie

A newbie has done some research on the subject of real estate investing, but has no experience. We like these people to play the game and proceed to the next level.

2. Hunter

A hunter is a wholesaler. this is someone trained in the art of wholesaling properties to other, more experienced investors. Such wholesalers know how to hunt for and tie up properties. They contact us all the time and sell us contracts.

3. Dealmaker

A dealmaker is an experienced real estate investor. It is someone who has gone on a deed or financed a property personally or through a corporate entity.

4. Cash God A cash god is a lender or partner who brings cash to the table. They are local human beings, not far off people or companies outside the community.

B. Professionals

Professionals are people who are less important than investors. THIS IS HARD TO APPRECIATE AT FIRST IF YOU HAVE BEEN ONE. Professionals do not participate in the risk and are therefore done with the responsibility the minute it closes. The investor is not so lucky. He is usually saddled with a 30 year commitment, so it is the goal of this organization to support the investor and not the professional.

1. Title agents.

These are the best of the professionals. They make the least per transaction, and do more work than all the other professionals combined in my opinion. They engage in significant legal work and are generally the most liable to the dealmaker down the road.

2. Mortgage brokers and loan officers

These people are often liars. They'll send you a 'good faith estimate' usually filled with lies and discrepancies that have no bearing on loan costs. You won't discover the costs until you sign at the closing table, and they will be higher usually. Although there is no training or licensing needed by loan officers in most states, it is at least complex and stressful work.

3. Real estate and insurance agents

They are the worst usually. They do require licensing, but it doesn't help alot. The amount of actual work an agent does can be pitiful for the amount of commission they normally recieve. The highest paid agents are some of the nastiest cutthroats out there, while the vast majority of agents make almost nothing.

I may seem hard on agents, but remember I was one in two states myself. They starve or eat at your expense.

C. Manual Laborers

These are the people to be the best to. If anyone is creating value in your life by hard work by all means pay them and do it well. Getting a job done whether it is pounding signs into the ground, plumbing, landscaping, you name it; it is worthy of your respect.

Many investors make the mistake of doing everything themselves or on the cheap with buddies. It can take you many times longer that way, and time is priceless.

3 young investor students of mine created a company called 10 best tucson that rates home contractors for quality of thier work and a litany of other issues related to quality. I have used this service extensively, and it has made an enormous difference in my ability to complete the rehabilitation of a home in a timely way. I haven't had a single complaint and have been pleasantly surprised each time.

In Conclusion...

I am not so interested in creating a social club for investors, as I am in building a tight, focussed organization. I want a unified structure under a uniform code of free or highly affordable education, with deep community support. If you have any suggestions as to how to better organize such a team I would greatly appreciate your comments and involvement. Return from organization to TucsonInvestors.com