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Business Development

REI Biz or REI Hobby Part 3: Making the Switch

Howdy, partners. Today we’re back in the saddle again for part 3 of this great series.

For today’s vide lesson, we are honored once again to hear from David Corbaley to learn how to transform your real estate investing hobby into a real estate investing business.

But first, if you missed Part 1 and 2 where we defined the differences between an investing hobby and business, you might want to catch up with those and then come back here:

Now that we’re all back on track, let’s get a refresher on who David is and then dive into what we’re going to learn in today’s lesson…

Knowing is Half the Battle

We’ll first say this, David is awesome. He’s been in the Army’s elite Special Forces, traveled the world and worked as a Seattle firefighter. Dude is tough, right? While that stuff is super cool, David felt he needed to pursue another path – a career as an entrepreneur because he wanted the freedom to be able to express his OWN creativity and get things done the way he wanted them done.

Fast forward to today and David has multiple businesses throughout different fields including real estate, internet marketing and fitness. And we are lucky enough that David is sharing his wealth of knowledge with us. Yay!

Come and Get It

This video lesson is going to teach us…

  • The Art of Wearing Many Hats – How to transform your investing hobby into a business through a system of roles (or how to make your hobby flourish).
  • Tactics vs. Strategy – When it comes to marketing, do you know the difference? If not, this may be where you’re doing it all wrong.
  • The Must-Knows of Internet Marketing – If you’re not marketing effectively on the internet, it’s time to get in the game.
  • Why an REI Hobby Can’t Fail, But an REI Business Can – Once you understand why you’ll have the right mindset. If you’re trying to run a business, it’s time to pinpoint what’s not working.
  • Farm to Plate Investing – Why your marketing leads are fresher when they are locally grown.

Let’s get to it…

{Mogul Elite: Download a transcript and MP3 of this lesson in the Power Pack tools for this lesson.}

I hope you learned a thing or two about developing your business. Stay tuned for Part 4: REI Biz or Hobby: Deal Chasers vs. Deal Sifters. We’ll learn how to successfully pick which leads are worth our valuable time and make us the most money.

Lemme Hear from You

So, what did you guys think? Is this series making sense and helpful for you? Talk to us in the comments section below.


Do It To It! Immediate Action Steps

Define your business as a hobby or business.

Ask yourself if this is your ultimate business goal.

Take the necessary actions to create a system consistent with your goal.

Market effectively for leads, especially in your local market.

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