Burning Bridges - Hard Money Bankers
Tuesday, May 31
'Never burn a bridge' is a saying that people hear repeated a lot in business. It is important to think about why burning a bridge has no positive outcome. Ultimately it can cost you money and that goes against the primary goal of business which is to make money. Everyone that is in real estat...
How We Comp And Evaluate A Property
Friday, May 27
The topic of 'how to run comps' is a very hot topic for investors. It is probably the most important skill set an investor can have when buying a property. It is the same thing as a stock portfolio manager being able to evaluate what a stock will be worth in the future. If the manager is corre...
The Only Reason To Be In Business - Hard Money Bankers
Thursday, May 26
There is only one reason to be in business.....to make money. If you find yourself focused on anything that is not driving you towards making more profit then it is something in you should stop and think about as to if it is really worth doing. It is very easy to become distracted by other movi...
Everyone Needs A Dose Of Humility - Hard Money Bankers
Wednesday, May 25
Humility can make you a lot of money if you use it properly. It is important to keep your ego in check in business and make sure you stay focused on the primary goal which is making money. Staying humble many times means staying rational and that is very important. As people gain success in bu...
One Thing Successful People Have In Common - Hard Money Bankers
Tuesday, May 24
There are many traits that successful people have that are different from people that can't seem to break through. One of these traits that is found across the board is 'consistency'. This would fall along the lines of 'grit' depending on the task being performed. Consistency isn't just about ...
Crazy Numbers - Compound Interest - Hard Money Bankers
Monday, May 23
Warren Buffett believes that compound interest is one of the most significant factors impacting money growth in today's financial environment. In his biography the book discusses how when Warren Buffett spends $1.00 today, he actually sees it as spending $10.00. He sees it this way because of t...