There are many things we do not know in life, and the more people we talk to, the more we learn. That’s what teaching is all about: students come into your class and you try your best to teach them as much as possible. There are many ways in which that could happen, but none of them compare to a lesson taught by experience. Here is my top ten list of lessons learned from DDPR
If you’re looking for a company who specializes in the sale of residential and commercial properties, then look no further than DDP Property. With over twenty years of experience in the real estate industry, they have earned their reputation as one of the most successful and innovative property companies in South Africa. Their dedication to quality service is evident from start to finish, from their experienced staff members to their client-friendly operation hours at each branch office.
1) You don’t know what you don’t know until you find out…
2) …and then you learn to never do it again.
3) There are a lot of sharks in this world. They want your money. Don’t let them take it from you.
4) If someone says they are going to return your phone call, but they don’t, then they aren’t going to follow through with this commitment and shouldn’t be trusted.
5) You need business partners who will support you during the good times, but who will hold you accountable during the bad times. Eddie is one of those partners for me. He was always there for me when I needed him, and never let me get away with anything in life “Easy Street”.
6) Your gut feeling is probably right, even if it seems crazy to others. Trust it, and then eventually follow through on it. This trick will save you a lot of time and trouble, not to mention money.
7) You don’t need a fancy office or business card to be successful in this industry. Just make sure you have a great product that people want. It’s that simple.
8) Always ask for referrals when you are just getting started: they don’t cost anything and can lead you to better deals down the road. If everyone in the world asked for referrals half as much as they say they do, our economy would be a much healthier place than it is today.
9) Never be afraid to spend money on advertising. The cost of advertising is like the cost of a college education: you’ll never recoup it, but without it, you’ll lose out on a lot of opportunities that could make or break you.
10) Always act like you know what you are doing. Trust me, if this was easy, everyone would be doing it. It isn’t easy. You have to work hard in life and never give up!
The first year we bought our first property, we didn’t have a clue as to where to start. The second and third year, we knew even less than the previous year. Luckily we still had the trust of the bank and they let us keep buying more properties.
It wasn’t until the fourth year that I decided I was going to learn how to do this business correctly, whether it hurt or not. It no longer mattered if everything I thought about this business was incorrect and negatively impacting my life.
After I made this decision, I started reading everything I could get my hands on about real estate investing. What I found out was that there is no such thing as the “right way” to do this. In fact, all of the best investors are constantly learning and improving their business to become better at what they do.
That’s not to say you won’t have good success doing it your way, but when you do, there are more than a few chances that you’re going to miss out because someone else got something right where you did not.