WHAT I DID WITH THE PROCEEDS WITH THE SALE OF MY PROPERTY
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 business.
I am obsessed of one day being the best in this industry. Part of the reason is because I have been at the bottom and I never want to experience that again. Also, I want to be a role model to kids in disadvantaged environments. I want to show them there are ways of being successful besides sports, rap, and the streets. I also want to make sure that my future investors are confident that they are trusting their hard earned money with a competent and trust worth investors.
Here are some of the new things I learned from Grant Cardone's study material:
- 1.Life insurance companies can be another source of funding your apartment deal
- 2. when "re-trading" is a must try to negotiate the material item discovered in due diligence to be fixed instead of price reduction
- 3. Ask for receipts of previous updates made to a property
- 4. when you get to really bigger deals the seller might be less likely open to seller financing
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