Mon, March 08
by Brian Lee 03.08.10
in Articles and Investing Wisdom.
I find it interesting that wisdom is often clearly laid out before everyone in a book or a lecture, and few truly understand it. It’s just as Napoleon Hill wrote in “Think and Grow Rich” when he hinted that one needs to re-read the book several times; and even then, the wisdom can only be captured when a person is ready to hear it.
The wisdom that I have in mind as I write this article is the treasure that can be found in the children’s fable “The Goose and The Golden Egg.”
The idea was further developed in popular wealth literature such as George Clason’s “The Richest Man in Babylon,” which was echoed in Kiyosaki’s “Rich Dad, Poor Dad” and also supported by Warren Buffet’s 1st and 2nd rules of investing.
(read the article)
Mon, March 01
by Lifestyles 03.01.10
in Articles and Investing Wisdom.
By Bryan Batson, Mentor in the Dallas Fort-Worth Office
“Reading, after a certain age, diverts the mind too much from the creative pursuits. Any man who reads too much and uses his own brain too little falls into lazy habits of thinking.” – Albert Einstein
A lot of people are asking, “Wait a minute…what do you mean by “low-information diet? I thought the whole purpose for reading this website and the other websites, books, CDs, DVDs, boot camps, radio shows and other research/educational outlets was to get more information so that I can become a successful real estate investor.” I asked the same similar question whenever I first read about the concept…
(read the article)
Sun, February 14
by Karen Davis 02.14.10
in Articles and Investing Wisdom.
By Karen Davis and Jeff Smith, Mentors in the Houston Office
F.E.A.R.
There are many reasons (erroneous we believe) why people don’t want to get involved in real estate investing. However, if you do want to get involved, there is no reason why you can’t.
Most people who hesitate to get started are afraid at some level. And most often the hurdle is fear of the unknown. Are you familiar with the acronym false evidence appearing real? There are many people who don’t take action because of what they believe is the truth; yet a belief doesn’t really have to be true to prevent a person from moving forward. We hope to show you why your situation is not unique, that you can invest in income producing real estate, and how you too can get started earning passive those income streams today.
Some common fears are “I don’t have enough money”, “I don’t have enough time”, “I don’t have credit” or “I’m just too afraid”. If your inaction is a result of one or a combination of these excuses…there is a solution for you. Since financing is a frequent question we get as real estate investing mentors, we will look at the various methods of financing property not just in today’s market but in any market.
Mortgage Brokers and Bankers are the Cheapest, Easiest (Except for Cash)
Wait a minute! First you say that we don’t need banks and then turn around and say that they are cheaper and easier! Isn’t that a contradiction?
Mon, February 01
by Natalie Pilkinton 02.01.10
in Articles and Rehab.
Communication is the key when working with any vendor, but is especially imperative with a contractor.
Investors are suspicious of contractors, worrying that they’re about to be taken advantage of. Contractors may have valid concerns about working with investors as well.
Everyone wins when you are both working on the same page.
Here are some tips for successfully working with contractors.
1. Know What You Want – Have a Documented Scope of Work
This is critical. Too many people sign up with a contractor to have a certain job done, and in the middle of the job they realize that they want something else. That’s a big deal, and can wreak chaos on a contractor’s plans, perhaps causing him to have to undo some of what he’s done or to spend more time than he’d budgeted on your home. Changing the scope of work can cost you a lot. Keep it simple. When rehabbing investment properties remember - clean and functional, you will not be living here.
Sun, January 17
by Brian Lee 01.17.10
in Articles and Investing Wisdom.
Is $200 a month a lot of money?
How you answer this question speaks to your level of financial sophistication.
How Far Would You Go for $200?
Most people would not go very far out of their way to make an extra $200 a month. When compared to a monthly salary of $3,000 or $4,000; $200 sounds pretty insignificant.
