It's Friday, what did you learn this week?

Question

Greetings!

Last night at our REIA meeting a CPA that provided book keeping services said that the most common trait among her most successful clients was that they where all actively educating themselves.

For the benefit of everyone here and yourself, share 1 big thing that you learned this week along with 2 small, one sentence things.

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1. I learned about the "Reticular Activation System" and how it is an integral part of your brain that determines what information to send to your conscious mind. I wrote a post about it in my blog. You can read it here.

2. Educating you seller is an essential step in negotiating.

3. When wholesaling a deal, always provide to ways for the buyer to make prophet.

Arlan Potter · Answer

I learned something for the umpteenth time. If someone tells you that they can fix something, or put something together on a property, assume they are clueless until you actually see them do something. It is amazing how many dudes will say they know everything when in reality they are almost morons when it comes to rehab.

Jay Hinrichs · Answer

that when the Bitterroot is running at 2700 CFS the Green drake hatch won't happen

That we live in the greatest country on Earth.. that real estate business is one of the best on the planet as anyone can do it regardless of education wealth ethnicity etc etc.

Along with Cash is King... Buy low sell high.. And low end cash flow rentals are Risky proposition to the un aware.

Ethan Bowen · Answer

I might use that if it's okay. haha.

You can always tell the difference between a Guru and a Mentor. Both primarily want or receive something in return for their services. Where as, one receives Monetary Income (or money) and one is "Psychic Income" ( the feeling that comes from the sense that your contribution matters, that you are having an effect on the world, or that you can see your effect on the world).

Benjamin Timmins · Answer

I just have no faith in em. Everything Ive heard them say is  just common sense stuff if one stops to think about it. Granted, common sense seems to be a dying thing these days, but just the same.

If you have to take classes to learn common sense, then you aint going to make it anyways.

Ethan Bowen · Answer

haha! what happened?

Benjamin Timmins · Answer

Not to listen to gurus who speak common sense to prove their knowledge.

Refer to above.

Think that covers it.

It's Friday, what did you learn this week?

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