RE Investment Lessons Learned

[Scott Lieberg]

I have learned a couple (well actually a few) things along the way. 

1) Price is a function of terms.

2) You make your money when you buy. The market dictates what you sell for.

3) Cash is King after Leverage has built wealth.

4) In a transaction, when someone says "Money is no problem" - it is.

5) Buy the Seller or Buyer first. Then come to terms.

6) There is no dumb money. If you assume there is - it's probably yours.

7) Never drag anything up hill. 

8) Due Diligence - Do Diligence

9) Advice always has a price tag. The advice you paid for and the advice you should have paid for.

10) Always have a goal more important than money.

Scott Lieberg

[Scott Lieberg]

On #7, I spent years dragging transactions - Buyers and Sellers - uphill. 

Read the signals of the parties and they will tell you when they are motivated and when they are in synch with your plans and goals. If your Seller / Buyer is unmotivated, restructure your transaction or find the motivator. Don't assume there is one. Lacking a motivator, move on. If your value proposition is solid, don't drag the other party uphill, move to the passing lane and move ahead.