Mindset Really Matters...Really
Thursday, October 23
Just read a very interesting article that centered around some sociology experiments, but really supports the idea that mindset is critical. In a series of experiments, a researcher asked groups of older folks to basically "time warp" back to when they were younger by sending them to a house tha...
Home Price Trends - on the doorstep of another decline?
Thursday, October 16
There has been much speculation regarding whether the recent runup in prices has left the country ripe for another "bursting bubble". Even here in Denver, where prices didn't fall all that much in the last bust, prices have risen dramatically, and inventory is still low.Here is a very thorough a...
The TRUTH* about entity protection
Friday, April 04
SHOULD YOU HAVE AN ENTITY? There is a lot of discussion on the forms regarding whether to use a business entity for real estate investing, and if so, which entity to use. People discuss options such as C Corporations, S Corporations, LLCs, LLCs taxed as an S Corporation, Partnerships, sole ...
Dare to fail.
Friday, March 21
If you've listened to any number of Real Estate Investing podcasts, you've heard over and over...and over that you need to stop being afraid of failure and just get started. It's true. It's cited by almost every guest on the BP podcast as the difference between those that do well and those th...
Why you Should Build Yourself a Moat
Thursday, March 06
The BP Podcast has talked about creating a "competitive advantage" in your business. This is the same concept that Warren Buffett refers to as a "moat". Mr. Buffett won't buy any company that doesn't have a moat. Basically, both terms refer to a particular aspect of a business that is not ea...
Understand Incentives
Thursday, February 27
To be successful in the real estate industry (or any business, and for life in general) you need to understand incentives. Everyone intuitively understands that people respond to incentives, both monetary and otherwise, but few understand how powerful this force is. Real estate agents, when...