How to Gain an “Unfair” Advantage in Real Estate (Legally)
I want to take this opportunity to introduce myself to you, in the event I have not already met you at a Clever Investor Master Mind Event -- or perhaps on a Clever Investor mentoring call.
I have been referred to as "The Millionaire Mailman". And, well, about that nickname…
Like many of you, I used to work a 9-to-5 job.
For 16 years at the Post Office, I worked delivering the mail.
I started working at the PO when I was just 19 years old, and I was eventually able to leave the safety of that 9-to-5 job with the properties that I bought on my mail routes.
I was very fortunate that, in the earliest days of my real estate investing career, I had some mentors that were real people I had met – who mentored me through the process of buying my first houses, back during my early 20's.
And I was especially fortunate that these mentors helped to realize one of my greatest real estate lessens ever:
If you have a regular 9-to-5 job, leverage that job and somehow tie it into real estate investing. That way, you can have some sort of "inside information" (or "unfair advantage") that other people, mainly your competition, will not have.
You see, many of you may work in some type of job where you can either examine (at best) or drive by (at a bare minimum) some run-down houses, during the course of your daily obligations to your employer…
…and if you can somehow find a way to monetize that experience – like I did – then you can begin making the most of some very productive hours while at work, respectably honoring your commitments to your current employer while simultaneously building a better future for yourself.
You Don’t Need To Be A Mailman To Make Millions
Indeed, you don’t need to be a mailman to “kill two birds with one stone” in this fashion.
Heck, you don’t even need to work for the post office (although it certainly doesn’t hurt)!
In fact, off the top of my head, I can quickly think of think of at least a dozen examples of “real estate advantaged employment”...
…and that’s not even including the Jehovah’s Witnesses, and other non-professional folks who spend countless hours canvassing local neighborhoods.
Some other examples could easily include the following:
- Police Officer
- Water Company Representative
- Electric Company Representative
- UPS Deliveryman
- FedEx Deliveryman
- Furniture Deliveryman
- (Any other type of delivery service that gets you out into local neighborhoods, where you have an opportunity to spot vacant houses…)
Or, think about it this way ...
Perhaps you work for your city government. If so, do you work in the code compliance or zoning divisions? (Every city across America has some type of code compliance division.) If your city has a code compliance dept, then there will invariably be city code violations.
And people with city code violations represent great leads for you to investigate during your normal course of business at work. You wouldn’t have to go very far at all to find a good source of leads, at virtually no cost to you.
Oh! And here’s one last example for today …
When I was a mail carrier on my mail routes, I would see rundown vacant houses that were heading to foreclosure, and it was actually my job to (i) knock on the front door and (ii) ask to speak to the owner.
You see, when a borrower stops making his mortgage payments, one of the first things to happen is the mortgage company’s delivery of a late notice. Next, the mortgage company sends out a certified letter.
My early real estate mentors helped me realize that every time I asked a homeowner to sign a certified letter from their mortgage company, it was a priceless opportunity for me to personally purchase a distressed property!
So maybe you are a Clerk within the post office, and maybe you never get to go out on the street… There is an unrestricted area in your office where they store all the certified letters for recipients who were not at home to receive their delivery. If you will carve-out a few minutes of time (perhaps during your lunch break?), you can sort through those letters, looking for some from mortgage companies – and take note of the recipients’ addresses! This is HUGE!
Obviously, not everyone works for the post office… But the big idea I want you to get from this lesson is that there are probably a few things you do every day (in your current job) that can feed into your burgeoning career as a real estate investor – unique strategies for gaining an "unfair advantage" over the other investors out there.
Even if it’s just as simple as driving a different road to get to work, so you can "drive for dollars" and spot intriguing vacant houses for future follow-up.
In some future posts, I will do my best to help you with further brainstorming on these (and other) strategies. After all, I remember how much I appreciated the insights I received from my early mentors…
…so now I look forward to “paying it forward” with you guys here on www.CleverInvestor.com, to the best of my ability!
Enjoy the Journey,