Michael McDermott
"Career" options for a young investor
7 February 2016 | 18 replies
There is an author by the name of Bryan Wittenmyer.Here is a table of contents of one of his books - A Real Estate Oriented BusinessChapter 1 The High Profit World of Real Estate………………… 1Why Real Estate……………………………………………………….. 1High Profits/Types of Profit…………………………………………… 3Profit Potential………………………………………………………… 4People Always Need Shelter………………………………………….. 5More Reasons for Real Estate………………………………………… 6Service Businesses and Investments………………………………….. 8Tax Advantages……………………………………………………….. 9Passive Income………………………………………………………… 10Real Estate Lifestyle…………………………………………………... 10What You Will Learn from this Book………………………………… 11Chapter 2 How to Start a High Profit Business with Very Little Cash 142 Types of Opportunities in Real Estate………………………………. 15Investment Options/Models…………………………………………… 16What Very Little Cash Means…………………………………………. 17The Guerilla Operator…………………………………………………. 17Don't Quit Your Day Job…Yet………………………………………... 19Your Job as a Stepping Stone…………………………………………. 19Rules, Tips, and Strategy for Low-Cash Start-Ups……………………. 20No Employees…………………………………………………………. 20No Storefront or Rented Offices………………………………………. 21No Partners…………………………………………………………….. 21Invest in Communications……………………………………………... 22No Inventory…………………………………………………………... 23You Don't Need to be Fancy…………………………………………… 23Hack Away Expenses…………………………………………………. 24Money Saving Resources……………………………………………… 24You are the Marketing Specialist……………………………………… 25Business IS marketing…………………………………………………. 25Why a Conservative Lifestyle…………………………………………. 26Using Sweat to Build Equity…………………………………………... 26Go Heavy on Image…………………………………………………… 27Concept Summary……………………………………………………... 29Chapter 3 The New Extreme Business Model………………….…. 30Why You Must Change………………………………………………... 30The Forces of Change…………………………………………………. 30The New Expense Paradigm…………………………………………... 32The New Payroll Paradigm……………………………………………. 33Outsourcing Work……………………………………………………... 34Finding Self-Employed Specialists……………………………………. 35Guidelines for Establishing Independent Contractors Relationships….. 35Fully Exploiting Technology………………………………………….. 35Invest in Great Tools…………………………………………………... 36The Accessibility Rule………………………………………………… 36The Telephone Rule…………………………………………………… 37Advanced Tools……………………………………………………….. 38Real Estate Software Source…………………………………………... 39Rehab Tools…………………………………………………………… 39The Home Office Trend……………………………………………….. 40Where to Meet Clients and Prospects…………………………………. 41Extreme Office Leverage……………………………………………… 41They Are Not Customers……………………………………………… 42More Extreme Rules…………………………………………………... 42Become a Niche Market Specialist……………………………………. 44Build a Business Within a Business…………………………………… 45Co-opetition—The New Buzzword…………………………………… 46Informational Leverage………………………………………………... 48Performance Pay Works………………………………………………. 48Strategic Smallness……………………………………………………. 49Concept Summary…………………………………………………….. 50Section Two--Business Opportunity How to Directory……………. 51How to Use this Section……………………………………………….. 51Chapter 4 Real Estate Investor Services………………………….. 53Apartment Preparation Services………………………………………. 53The A.P.
Paul Singh
Newbie from Atlanta, Ga
18 March 2015 | 26 replies
A lot of it will have to do with lifestyle habits.
Monica G.
New to RE Investing from Maryland (Hometown: Texarkana, TX)
2 December 2015 | 2 replies
Acquiring financial freedom will allow my family to live our desired lifestyle, debt free, with no more stress each month struggling to make ends meet, secure our daughter’s future and continue to build wealth so that we can be a blessing to others and help to rebuild our communities and create opportunities for others to find the same success.
Drew Beard
Best Exit Strategies
19 August 2020 | 3 replies
Hello all,I am new in the real estate invested game, and I have been listening to BP podcast religiously sense getting into it.
Tucker Long
Marketing to attract new home owners to park with vacancy
10 June 2016 | 10 replies
I am a very big believer in selling the lifestyle over selling the box.
Account Closed
Trailer park millionaires and "different" RE investments
1 February 2016 | 16 replies
I can't compare to the numbers you mentioned in your post but from a lifestyle standpoint, I have been fortunate enough to experience the "hands off" benefits associated with this type of investment.
Brandon S.
Newbie from Orange County, CA
18 February 2014 | 10 replies
This number is what I believe will give me the financial flexibility and lifestyle that will be desired by me and my future family.In terms of real estate, I am particularly interested in multi-family homes and since I am working toward my first deal, I would like this property to be in Orange County so that I can possibly live in it as well with my-soon-to-be wife to gain all the benefits of owner occupied financing, homestead exceptions, etc.
Matthew Hollister
Success story, from working 12 hours on weekends to freedom.
24 December 2022 | 4 replies
I am not a smart person by any means I just wanted it more then the next guy and you can also live the lifestyle you want if you just focus on your goals and keep moving towards them everyday.
Mark Gawlik
Duplex dilemma please help
17 October 2017 | 3 replies
That may allow you to have a large enough space you'd eventually want to live in while still keeping the second half of the duplex.If you do decide to combine the two units into a SFR, don't do so with submitted plans - the flexibility in the future to operate it as a legal duplex is valuable and not something you want to lose.No thoughts on whether you should sell now or whatever - that's a personal lifestyle choice.
Joseph Weisenbloom
Newbie in Dallas, Texas
17 August 2013 | 23 replies
Personally I belong to Lifestyles in Houston.