WHAT I DID WITH THE PROCEEDS WITH THE SALE OF MY PROPERTY
Saturday, June 19
I'm a big believer in reinvesting in your business. When I sold one of my properties last week I immediately purchased more educational material from Grant Cardone. I wanted to make a point that when most people make money from real estate they buy personal item that don't add value to their bus...
What I learned from selling a property
Friday, June 18
I own a few rentals. They are all single family homes. Last year, I decided to transition to multifamily investing last year. I have been reaching out to operators to see if they would be interested in selling in selling their properties. One of my questions when I first started reaching out to ...
Worst deal of my life
Tuesday, June 08
Most investors will only tell you about their good deals, but I want to be transparent and show you guys my worst deal ever. Negotiated the purchase price to $60k. My agent showed me comps of “similar” homes that sold for $100k. That was my first mistake was not confirming the quality of rehab of...
WHY I AVOID HIGH CRIME AREAS WHEN INVESTING
Saturday, June 05
Crime is one component of the due diligence process that should not be overlooked. Crime and investing don't mix because crime equals risks. Where there's risk there's a chance you'll lose money. And there's one rule in real estate... NEVER LOSE MONEY! First of all let me say that I have a soft s...
FINDING SELLING PAIN POINTS
Friday, June 04
We were struggling with finding apartment owners with problems to solve. To correct this I used today's meeting to better train my team identify pain points of apartment owners. First thing I did was show them a video clip of an operator who closed on a MF deal because he solved the problem of a...
GIVING MY TEAM PERMISSION TO FAIL
Monday, May 31
One thing I need to be conscious about is not being my team members control on how they do their work. I am really making a conscious effort to avoid giving my team instructions. The reason for this is when you give instructions you stop people's potential to grow because they don't exercise the ...