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Real Estate Investing & Mentor Investing Wisdom

Tue, June 15

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What Does it Take to be a Successful Real Estate Investor?

coinsBy Alfonso Munoz, Mentor in the Houston Office

In preparing this article, I asked that question to five different real estate investors, and as fully expected I got five different answers. Ironically enough none of those five answers had anything to do with real estate. On the surface, that may seem peculiar to the new investor, but it makes good sense. What if, for example, if you asked a successful baseball player what it takes to be a great baseball player; what do you think he would say? Would he give you an answer that has to do with baseball, or would he give you an answer that has to do with work ethic? Would he tell you to find the best bat made of the best ash wood, and a glove made of the highest quality leather? Or would he tell you to practice every day? I honestly don’t know what he would say because I didn’t talk to any baseball players, but more than likely he would say very similar things that a successful business man would say, or a successful model, or a successful real estate investor. We all know the secrets to success, and we all know that they aren’t secret.

(read the article)

Mon, May 17

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FIRE!!!!! The Case for Investing in Real Estate Now

coinsBy Jeff Smith, Realtor with Lifestyles Realty

The Fire Alarm

As I write this it is 8:30 on Saturday night. The kids are tucked in bed and there is finally enough stillness in the house to reflect on the day. Today started out like most other Saturdays. As the regular host of the Saturday edition of the Lifestyles Unlimited Real Estate Radio Hour at 4pm, Saturday is a workday for me. And once a month that workday coincides with part one of Del Walmsley’s Financial Freedom Seminar, and today was that day. I mention this in part because it means that there were a hundred or so more people at the office today than on the other three Saturdays in the month.

The radio studio is inside the Lifestyles office near where the seminar occurs. We are on the tenth floor of a ten story building. The studio itself is situated about 8 feet from the entrance to the conference room where the class is conducted. There is a window looking out into the passageway so from the console I can see passersby. Just outside the studio door is a red light that reads “On Air” because while the radio room isn’t meant to be inconspicuous, it isn’t obvious either.

(read the article)

Sun, April 11

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The Six Ways Real Estate Investing Makes You Money

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Six Ways to Make Money is Better Than One

Real estate investing is the most powerful wealth-building tool available to the average person.

The reason it’s so powerful is: there are six ways it makes you money.

Stocks, by contrast, only share one of these sources (two if you’re getting dividends).

Once you understand how all six of these income sources work, you will begin to see the tremendous wealth-building power of real estate bought and managed correctly.

Mon, March 08

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Pay Yourself First: The Equity Goose and The Cashflow Golden Egg

coinsI 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.

Mon, March 01

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Low-Information Diet for the Real Estate Investor

By Bryan Batson, Mentor in the Dallas Fort-Worth Office
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“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)