All Forum Posts by: Nicholas Pasowicz

You will be amazed on how much more you will accomplish and accelerate any of your life’s goal when you line up your actions according to the importance or rank of these 5 currencies. Currency by definition is a medium of exchange.

⌛Time – is the most finite of currencies, it is absolute and once it is gone you cannot get it back. Never will more time be created. Most people sell their time for money, i.e. a job (W-2). One way you can create time is by paying someone for theirs.
📖 Knowledge – You can gain knowledge a variety of ways. Take a class, by gaining experience taking action or from someone else's experience (a coach or mentor). I firmly believe once you learn it, it is quite hard to lose it. In fact, we operate on auto pilot and due to our ability to automate so many learned functions. Therefore, you always have what you gained.
🚻 Relationships – your net worth is directly related to your network. If you want to make 6 figures, then hang out with people who make multiple 6 figures. If you are the smartest or wealthiest person you know, I am sorry to say, you have likely peaked in life. If you want to learn how to Invest in Real Estate, then hang out with people who are doing it. You will be able to leverage their knowledge and resources…ultimately saving your time.
💳 Credit – Leveraging credit is great and good way to go farther faster. There are so many ways to acquire money quickly other than working and saving. This is why it sits right above the last and least important currency….
💰 Money…many will not have money first but would bet this currency they certainly prioritize it over the other 4 currencies. The U.S. prints money on the regular and if you lose it you can always get it back. For many money is the drug that costs them time, knowledge and relationships.

A wealthy and healthy mindset will often use money to gain more time, whereas a poor mindset sells their time and usually for far less than it is worth. Many people often tell me they do not pay for education and they can find it on Youtube university. Time is a currency and they are trading the most valuable one to save the least. The human mind is the original supercomputer and extremely powerful, so feed it! Warren Buffet says the best investment you can make is in yourself! Why compete with others and not share secrets when collaboration can accelerate progress. One of the best things about Real Estate is the ability to leverage your equity through lines of credit to gain more Real Estate. Wealthy people ask how much will this pay me, whereas a poor mindset asks how much will this cost. Once you align your actions according to this ranking you will change the outcome of your life.

As promised, I am back to share how someone should rank the 5 currencies shared last week. You will be amazed on how much more you will accomplish and accelerate any of your life’s goal when you line up your actions according to the importance or rank of these 5 currencies. Currency by definition is a medium of exchange.

⌛Time – is the most finite of currencies, it is absolute and once it is gone you cannot get it back. Never will more time be created. Most people sell their time for money, i.e. a job (W-2). One way you can create time is by paying someone for theirs.
📖 Knowledge – You can gain knowledge a variety of ways. Take a class, by gaining experience taking action or from someone else's experience (a coach or mentor). I firmly believe once you learn it, it is quite hard to lose it. In fact, we operate on auto pilot and due to our ability to automate so many learned functions. Therefore, you always have what you gained.
🚻 Relationships – your net worth is directly related to your network. If you want to make 6 figures, then hang out with people who make multiple 6 figures. If you are the smartest or wealthiest person you know, I am sorry to say, you have likely peaked in life. If you want to learn how to Invest in Real Estate, then hang out with people who are doing it. You will be able to leverage their knowledge and resources…ultimately saving your time.
💳 Credit – Leveraging credit is great and good way to go farther faster. There are so many ways to acquire money quickly other than working and saving. This is why it sits right above the last and least important currency….
💰 Money…many will not have money first but would bet this currency they certainly prioritize it over the other 4 currencies. The U.S. prints money on the regular and if you lose it you can always get it back. For many money is the drug that costs them time, knowledge and relationships.

A wealthy and healthy mindset will often use money to gain more time, whereas a poor mindset sells their time and usually for far less than it is worth. Many people often tell me they do not pay for education and they can find it on Youtube university. Time is a currency and they are trading the most valuable one to save the least. The human mind is the original supercomputer and extremely powerful, so feed it! Warren Buffet says the best investment you can make is in yourself! Why compete with others and not share secrets when collaboration can accelerate progress. One of the best things about Real Estate is the ability to leverage your equity through lines of credit to gain more Real Estate. Wealthy people ask how much will this pay me, whereas a poor mindset asks how much will this cost. Once you align your actions according to this ranking you will change the outcome of your life.

Believe it or not, how you live your life according to the importance of the 5 currencies will dictate your success...no matter how you define success.  Humor me and share how you rank these currencies in order of importance.  Next, check yourself...are you living your life the way you have ranked them? Congruency between values and action is crucial if you truly want to live a life by design! 

Next week I will share the ranking with support, because the sooner we live our lives with the 5 currencies ranked this way, the more likely we will achieve our goals!

Investment Info:

Other private money loan investment in Elmira.

Purchase price: $210,000
Cash invested: $50,000

Manufactured home on 10 acres. Property was sort of a cat hotel, they had it made in there.
Property will be thoroughly cleaned and repaired.
Borrower is looking to subdividing a portion to increase his profit.

What made you interested in investing in this type of deal?

Good spread on the ARV

How did you find this deal and how did you negotiate it?

Standard terms

Hello gents, some well written posts!  

Wholesaling is hard....meaning it is about finding off-market deals.  This takes a lot of work, resourcefulness and money.  You will see many folks say wholesaling does not cost money, that is simply untrue.  The reality is the more work the strategy requires, the less money.  You will need to invest in skip tracing, lead gen, mailers, door hangers, etc...

Being a realtor just gives you another feather in your cap...it is great to be able to offer someone another option to list their home.  As you were all aware, disclosure and being committed to helping the person who has a real estate challenge should help keep high standards and integrity.

Join a local community, hang with like-minded folks who do what you want to do.  If you want to accelerate your progress and save time (the most valuable currency), buy some reputable education that comes with community and coaching support...

@Vincent Plant many folks are having trouble and without more context to the "how" you are exploring deals or what your goals are it is difficult to provide a solution that serves you.  Ultimately your goal should guide you and your knowledge and resources (including human capital) will fuel your success.  There are many ways to find deals, the best of which are not retail.  There are a bunch of ways to fund deals, best of which are not traditional...

When you have a strong network and the knowledge to process a deal in many different ways, your opportunities will increase.

Since you're sitting on a bunch of capital, ever though about Velocity Banking your current properties debts to ZERO? This would provide a bunch of cash flow vs acquiring 10 properties at $200/mo CF....Then you can use your 1st position LOC to fund more deals, wash rinse repeat!

@Alex Clark best way to find deals is off-market...as some others have stated.  There is always a Real Estate market, you just need to know where to look :).

Being educated, having good relationships and taking action is what it is all about.

Hello Marie, Ko captured the sub-to at a high level. That is really the basis. How you structure the deal and ensure all are good with it is critical. I see you are in Naperville and can connect you with a large, reputable local community that meets in Downers Grove. They are versed in every REI strategy as well as can provide an instant network. I spent 40 years in the north suburbs so still have many contacts. DM me if this interest you and can get you connected. Best - Nicholas

Join a local reputable community and lend!

Ask a wholesaler what you should do and they will say wholesale

Ask a fix n flipper what to do and they'll tell you to do F&F's

Ask a PML/HML what to do and ........

I have some contacts in that area.  DM if you are still exploring.  Regards - Nicholas