All Forum Posts by: Jim Sharp

This is my first melt down in the real estate that I'm actively understanding and am apart of. I'm confident the America will weather this. America has a good understanding of the flow of money without really knowing it.

seems to me we suck down bad news for a while, close up our wallets and hibernate economically for a few years. Then we don't like "not spending money", so we crave good news... the wallets open up again.

Money is just an idea

Most of us "suck" on this topic. THE book... Ok I'm no different

I'll go outside a bit... this is not the most inspiring, but was one of those books that made a huge shift in my thinking while I was building my business.

Influence...science and practice - Robert Cialdini

Secrets of the millionaire mind - T Harv
Success Principles - Jack Canfield
Rich Dad Poor Dad - Great kick off book

BTW - Jiggerbug.com (like Netflix for audio books)

theredx.com

This is awesome. takes about 5 minutes every day from click to mailing.

Jim

I think most couples would agree that money is one of the toughest issues they face. My wife and I have been happily married for 6 years. Like most people, money was definitely an issue. A lot of time it was just agreeing what we would spend our money on. We made decisions with little direction.

Even though we didn't spend our future with credit cards, we spent our, what we call financial freedom money (pay yourself first). We now have a lot more direction since we're on the same page when it comes to spending money. We know exactly where our money is going... There is very little stress with how we will spend money. We are on the same page. We still have discussions, but the discussions are about what "jar" the money will come out of and why.

The most powerful part of this is that we are both much more in-line with the vision of our future. The future is no longer fuzzy, it is crystal clear.

HEY, what's the etiquette for correcting an adults spelling or language? lol

I was a teacher (with poor spelling)... I had a habit of letting people know they felt well, not good... :)

clear as mud is right... as a REI one thing you really have to learn is the answer to almost every REI question.... "it depends".

This is a great post. The difference is made by those that look into into the unknown and take the leap anyway.

I'm going to share my opinion about the statement in this thread, about Dave Ramsey, all though I like his motivation I think his system focuses too much on pulling people from lowliness to mediocrity.

Loral Langemeier says that when you're holding your $4 latte in the morning... should you think "I really should stop buying these everyday" (Dave Ramsey method), her mindset (with which I agree) "how can I make enough money to have this latte everyday" My point is Dave focuses so deeply on your paying off debt rather than how you can make more money. You will get what you put your energy into. Which one is most important to you?

I HIGHLY recommend a money management system, one focused on abundance. Try T Harv Ecker "Secrets of a Millionaire Mind' My wife and I have been doing the system for 5 months(I don't like the word budget) and the results have been unbelievable. My wife and I are now so much more TOGETHER on our finances and where our money is spent.

To Your Success,

Jim

The first house I sold myself without a stitch of re knowledge was my first home. I had absolutely NO idea what to do. I bought a contract from Office Max and filled it out at the kitchen table with the folks who bought it.

The title company asked to have their contract written up, which they took care of. Everything went through like butter.

If you are going to get a Realtor, shop. Don't just pick the first one that comes by. Just like ANY profession there are serious ding bats out there that can make a simple transaction a nightmare.

We've also had luck with flat listings.

I was way off.

I'm talking about referral fees, not so much a percentage for brokering a deal.

Would sending a buyer to someone and asking for a referral fee, be considered 'asking for their services'? I have some agent friends and they've never been real clear where that line goes.

-Your playing golf on a Tuesday during the day, while 9 to 5ers are counting the minutes until rush hour.

-You stop being invited to events by your regular friends... I'm guessing because of speaking "house" too much.

I've a sense for what people expect as far as referral fees go. I'm just wondering what other people's thoughts are.

Lease Option - I pay 20% of down payment up to $1,000 for a tenant buyer

If I have a lead I send on that doesn't fit my plan... I like to get at least $1,000 if they can make something out of it.

If someone brings me a retail buyer... I'll pay $1000 min to $5,000 depending on my profit.

A rental lead, I'll usually pay up to $500 for a tenant.

Just curious