Great Tips For Real Estate Success From Curt Cloyd
By: Curt Cloyd – Director
Personal Wealth Academy, LLC
So you want to become a real estate investor? Curt Cloyd is there to help you with useful hints and tips
for real estate success. In fact, there are six very important tips that nobody should have to do without.
Please read on to see what these tips are.
Create a Game Plan
Don't jump into the real estate game with your eyes closed and hope for the best. Curt Cloyd explains
that the most important thing you can do is know exactly what you want do. Also think about who you
will be doing it with, how much money you will be investing, what the risks are and how you will deal
with the risk. Basically, ask yourself all the questions you would ask yourself for any other major decision.
Speak to an Expert
Even if you have been in the game for a while, a second pair of eyes is always beneficial. Make use of
experts like the ones at Curt Cloyd, who will be able to review your plan and make suggestions for
improvement. You never know, you may have missed something essential, or there may be a way to
make more money by spending less.
Keep Your Chin Up
The real estate market is cut throat. Nobody said that real estate investing was going to be a walk in the
park and you will see tremendous highs, but also tremendous lows. Curt Cloyd advises you to be
prepared for this. What goes up must come down as they say, but the opposite is also true. So, don't
panic if there is a drop in house prices for instance, they are likely to go back up after a while. Too many
people think they need to sell as soon as there is the slightest drop in the market. You may make a little
bit of profit by doing this, if you are lucky enough to still get a good price, but you could make a lot more
profit if you decide to stick with it a little while. So long as you are able to pay the mortgage (mainly
through the rent you should be collecting through your properties), there is no need to panic. And if
something starts to go wrong, make sure you speak to your banks and be honest about what is
happening. They are likely to be more than happy to help you.
Stick to Your Plan and Your Word
When you first start in the world of real estate investment, you will have done so with a plan. You may
have wanted to flip properties (buy and sell really quickly) or you may have wanted to keep properties
until the mortgage is paid off. Either way, you need to stick to the plan that you designed. This is because
you will have looked into all the things that can happen from the viewpoint of your original plan, so if
you suddenly change this, you won't know what to expect anymore. Similarly, Curt Cloyd tells you that
©2012 Personal Wealth Academy LLC
you need to make sure that you stick to your word. You have promised the banks that you will pay your
mortgage on time every time, and you will need to do so. You will also make promises to your tenants,
which you also have to stick to. The key to real estate success if having good tenants and you will only
keep them if they know they can trust you. Which brings us to the next tip:
Be On Time
Tardiness is something totally disrespectful. How do you feel if someone promises to be at yours for
10am and doesn't show up until two hours later? Whether you are meeting with your co-investors, with
your financial adviser or with your tenants, Curt Cloyd warns that you should never be late. You will have
heard the saying that time is money and this is very true. Wasted time is wasted money. The worst of it is
that you will never be able to recuperate the money you lose by wasting time. If you are late, you will
lose respect and you will lose trust, which is the last thing you want. It goes back to finding and keeping
good tenants and this is only possible if they trust you completely.
Don't Do What You Don't Need to Do
Remember the first tip: create a game plan. You need to make a plan, which includes to-do lists, and you
need to stick to that plan. If you have done your job properly before you started to invest, there should
be no need for any unexpected tasks or activities. Curt Cloyd explains that this is why the plan is so
important. It should look at all possible eventualities. However, you also have to be realistic. You are in
this world because you want to make money. You will never make money if you put personal activities
before the business that you have basically started. If you have to make a choice between going out for a
couple of drinks with some friends or fixing one of your properties, the choice should be clear: your
friends will have to wait. It is hard, it is sad and you will certainly get to know who your friends are, since
not all of them will be too happy about the fact that you will have less time for them. You must enter this
world with both eyes wide open, or you will most certainly fail.
It can certainly be difficult to stick to all these tips. However, Curt Cloyd explains that they are all
interlinked. The old saying is that proper preparation prevents poor performance and this is certainly
true. You must be prepared for everything and every eventuality. You must be willing to give up certain
things and make huge sacrifices. You must be ready to have sleepless nights because you're not sure if
your investment is going to pay off. That is the reality of the real estate investment world, but it is also
what makes it so incredibly exciting.
Curt Cloyd has used his vast amount of knowledge to form Personal Wealth Academy. Their sole
purpose is to to guide, advise and nurture real estate investors so they can gain financial freedom and
independence faster and easier than they ever could on their own.
They accomplish this purpose by providing training on cutting edge real estate investment strategies and
mentorship through expert real estate coaching services.
©2012 Personal Wealth Academy LLC