The Facebook Stalker: Real Estate Investors Need Thick Skin! Facebook is one of the great tools for real estate. Networking, selling, building buyer’s lists, and even advertising if you want to spend some marketing dollars. I’m on Facebook quite a bit and it has helped contribute greatly to the building of my business. When I stop and think about it, the real estate investor’s relationship whom I do the most business with was formed thanks to Facebook.However… as is the case with … [Read more...]
A Great Real Estate Attitude… thanks to Disney!
September 14, 2012 By Leave a Comment
A Great Real Estate Attitude… thanks to Disney! There’s nothing like pulling inspiration from a childhood Disney movie. You would think that these sorts of movies are only good for keeping your kids occupied; however, The Mighty Ducks (1992) has one quote in particular that I believe is a “must-have” if you plan on being successful in real estate:“It’s not worth winning if you can’t win big!”Still gets me fired up even after all these years!Let me take the words right out of … [Read more...]
Letting Go To Grow Your Business
September 10, 2012 By Leave a Comment
Letting Go To Grow Your Business When I first became a full time real estate investor and quit my “real job” I was very concerned about cash flow. Even thought I had done my home work, that nagging voice in the back of my mind kept asking questions. Did I calculate things correctly? What if I made a mistake? Am I sure I will have enough to pay all the bills?What was my reaction to all of these questions? It was to keep expenses down by doing many things myself. I did many of … [Read more...]
The Number One Irrational Behavior of Real Estate Investors
September 5, 2012 By Leave a Comment
The Number One Irrational Behavior of Real Estate Investors If you ever get a chance to read my posts on the BiggerPockets forums, you notice that I am a big proponent of education, mentor ship, coaching, whatever you want to call it. I call it surrounding yourself with people you want to learn from and always learning something new. One week ago, I had the chance to travel to Boston to attend the Hubspot Inbound ’12 conference and do both!Before tying this into real estate, I think … [Read more...]
Are Your Real Estate Goals, Actually Goals?
September 1, 2012 By Leave a Comment
Are Your Real Estate Goals, Actually Goals? Goals.I think the first time I learned about goals was sometime in elementary school. We’ve all heard of them. We all know what they are. We all know how to set them… but do we really?I found in myself that as I grew older and got into the ‘real world’, my goal setting practices never grew with me. Instead, they stayed back in the pleasant little “I have no worry” land of elementary/middle school. The way we are taught originally … [Read more...]
The Hardest Part of Buy-and-Hold Real Estate Investing: Delayed Gratification
August 28, 2012 By Leave a Comment
The Hardest Part of Buy-and-Hold Real Estate Investing: Delayed Gratification Let me start this post by saying I love “buy-and-hold” real estate investing. I just wish it was easier.Flipping real estate or wholesaling deals is appealing, as cash is quick and you know in a short time frame if you have made a good deal. Unfortunately, buy-and-hold real estate can take a long time to generate a meaningful amount of cash flow.This leads me to today’s topic, as I want to highlight what I … [Read more...]
Investors: Be Careful of Misplaced Motivation!
July 20, 2012 By Leave a Comment
Investors: Be Careful of Misplaced Motivation!I’m sure many of you have heard the cliche’ saying, practice makes perfect.It’s a great saying, but sorry to say, is 100% wrong. I don’t remember where or how long ago, but I remember someone telling me that which caused the “huh?!?!” type expression on my face.This person then said, perfect practice makes perfect.After soaking it in, things finally clicked, “Ahhhhhh! That makes sense.” What benefit is the practice if you aren’t … [Read more...]
What is Driving You to Invest in Real Estate? Understanding your “Big Why”
July 17, 2012 By Leave a Comment
What is Driving You to Invest in Real Estate? Understanding your “Big Why”If you work full time and have decided to become a buy-and-hold real estate investor, you have chosen a path that is long, paved with many obstacles, and full of chances to make mistakes. That said, it is also a tremendous way to establish retirement income, secure financial stability, and eventually live financially free without the need to work for someone else.As a 10+ year veteran of buy-and-hold real estate … [Read more...]
Real Estate Deals: Know When to Fold ‘Em!
July 16, 2012 By Leave a Comment
Real Estate Deals: Know When to Fold ‘Em!I recently met with a seller at her house. This house was part of an estate and was in very bad shape. It also been many years since an updates had been done.She told me that “she knew pretty much what she was going to be able to sell the house for”. This seller tried to put on a show of confidence even though she knew the house needed a roof, kitchen, bathroom and a lot of other repairs. This house also had some mold in the drywall in the … [Read more...]
My Real Estate Independence Day
July 4, 2012 By Leave a Comment
My Real Estate Independence DayIt happened exactly 10 years ago this month.There were four of us TV news cameramen. Together we sat crammed inside a dingy hotel room in Springerville, Arizona. The smell of smoke hung in the air, it’s source was our clothes, shoes, hair and pores. You’d have thought we’d spent the night sitting around a campfire.Less than 5 miles away, the Rodeo-Chediski brush fire burned out of control. This monster of flames would eventually consume over 500,000 acres … [Read more...]
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Sacrifice: A Real Estate Investor’s Magic Bullet
Sacrifice: A Real Estate Investor’s Magic Bullet A few weeks ago, THIS article made its way across my desk via facebook. For those of you who haven’t had a chance to read the article, the long story short is that an investor by the name of Bill McMachen purchased 627 foreclosed homes at the Macomb’s county tax sale.The headline is what immediately caught my attention. After all, 627 units is a lot of property, especially for ONE transaction! I found myself a little envious of … [Read more...]