First things first: You cannot have a phobia of computers and be successful in this business. To be successful, you must use today’s technology in your option investment business.
I divide the real estate investment business into Before the Internet (BTI) and After the Internet (ATI). In fact, I consider the Internet to be the great equalizer! I say this because before the Internet became available to the general public, the average individual real estate investor had no way to readily access public property ownership records and a myriad of other essential real estate-related records.
Today, anyone with a personal computer and an Internet connection who knows where to look can gain access to the same information that Fortune 500 companies use to make business decisions. Please understand that when I tell you to incorporate today’s technology into your business, I do not mean that you should waste your hard-earned money buying the latest gizmos and gadgets on the market—handheld wireless computers, global positioning devices, and digital personal assistants.
Do not tie up your available investment capital in a bunch of overpriced equipment, which will not put a single penny in your pocket. However, I do recommend that every serious real estate option investor have a:
1. Late-model personal computer with Microsoft Windows 2000 or newer operating system and Microsoft Word 2000 or newer word processing software.
2. Quality laser printer.
3. Reliable high-speed Internet connection.
4. Reliable cell phone.
You do not need to hock the family jewels to set up shop as an option investor.
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