Comments on: Low-Information Diet for the Real Estate Investor http://www.lifestylesunlimited.com/low-information_diet_for_the_real_estate_investor/ The Education and Mentor Group for Real Estate Investing Wed, 25 Apr 2012 19:34:45 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Faulkner http://www.lifestylesunlimited.com/low-information_diet_for_the_real_estate_investor/#comment-832 Faulkner Mon, 15 Mar 2010 17:42:55 +0000 http://www.lifestylesunlimited.com/?p=8324#comment-832 I'm afraid that the Pit bull needs a special type of operator...these dogs, regardless of how 'warm' nevertheless have teeth, are still creatures not having moral concepts and once they DO bite, won't allow go. As in all creatures...some have a tendency to be additional suseptable to instinctual behavior and time and time again, this breed tends to perform just that. I’m afraid that the Pit bull needs a special type of operator…these dogs, regardless of how ‘warm’ nevertheless have teeth, are still creatures not having moral concepts and once they DO bite, won’t allow go. As in all creatures…some have a tendency to be additional suseptable to instinctual behavior and time and time again, this breed tends to perform just that.

]]> By: Bryan Batson http://www.lifestylesunlimited.com/low-information_diet_for_the_real_estate_investor/#comment-831 Bryan Batson Wed, 03 Mar 2010 20:10:24 +0000 http://www.lifestylesunlimited.com/?p=8324#comment-831 @ Everyone - Thanks for the kind words and I'm glad some of my experience can help y'all on your journey. I'm an information junkie that has to constantly throttle myself down and refocus on the task at hand. You can be effecient at a number of mundane tasks i.e. email, but you must ask yourself "Am I being effective?". If not then, you need to analyze your tasks and pick out those 20% producing you results and THEN streamline those. @ Brad - The first thing I would if you haven't done already is get a financial statement and cashflow statement WRITTEN DOWN ON PAPER. You need to know what you're working with financially. This will give you a starting point as to what kind of properties you're going to acquire and how you're going to acquire them. Secondly, the 2Day is definitely a must. Del does an excellent job of giving you the outline of what you should look for and what you should do. After you have the outline and you've decided where you want to start, then you should seek the seek out the information for the very next few steps. Example: If after the 2Day you decide that you're going to do single family then you need to get pre-approved and let your realtors know what you're for with them to buy your first house or two. At this point don't worry about multi-family or what you're giong to do once you hit a 10 house limit. That'll just delay you from buying your first properties and you'll end having to relearn the info once the time comes to implement that information. If you're doing single family then another class to get into is the Single-Family Property Evaluation class that is taught the Tuesday after the 2Day. You can find it online as well but watching it live is the best. I hope that was clear. Let me or your mentor know if you have any other questions. Talking with the mentors has helped me keep on track by doing the next right thing. Bryan @ Everyone – Thanks for the kind words and I’m glad some of my experience can help y’all on your journey. I’m an information junkie that has to constantly throttle myself down and refocus on the task at hand. You can be effecient at a number of mundane tasks i.e. email, but you must ask yourself “Am I being effective?”. If not then, you need to analyze your tasks and pick out those 20% producing you results and THEN streamline those.

@ Brad – The first thing I would if you haven’t done already is get a financial statement and cashflow statement WRITTEN DOWN ON PAPER. You need to know what you’re working with financially. This will give you a starting point as to what kind of properties you’re going to acquire and how you’re going to acquire them.

Secondly, the 2Day is definitely a must. Del does an excellent job of giving you the outline of what you should look for and what you should do. After you have the outline and you’ve decided where you want to start, then you should seek the seek out the information for the very next few steps.

Example: If after the 2Day you decide that you’re going to do single family then you need to get pre-approved and let your realtors know what you’re for with them to buy your first house or two. At this point don’t worry about multi-family or what you’re giong to do once you hit a 10 house limit. That’ll just delay you from buying your first properties and you’ll end having to relearn the info once the time comes to implement that information.

If you’re doing single family then another class to get into is the Single-Family Property Evaluation class that is taught the Tuesday after the 2Day. You can find it online as well but watching it live is the best.

I hope that was clear. Let me or your mentor know if you have any other questions. Talking with the mentors has helped me keep on track by doing the next right thing.

Bryan

]]> By: Brad http://www.lifestylesunlimited.com/low-information_diet_for_the_real_estate_investor/#comment-830 Brad Wed, 03 Mar 2010 01:31:24 +0000 http://www.lifestylesunlimited.com/?p=8324#comment-830 As a newbie to LUI I was told to wait until the 2 day course to "pull the trigger" on anything. I have been looking for a while and have 4 realators sending me potential properties before I signed up. I have seen the info overload you spoke about and as a newbie HOW do I know where to draw the line? I have enough info to be dangerous but not enough to be effective.... As a newbie to LUI I was told to wait until the 2 day course to “pull the trigger” on anything. I have been looking for a while and have 4 realators sending me potential properties before I signed up. I have seen the info overload you spoke about and as a newbie HOW do I know where to draw the line? I have enough info to be dangerous but not enough to be effective….

]]> By: John http://www.lifestylesunlimited.com/low-information_diet_for_the_real_estate_investor/#comment-829 John Tue, 02 Mar 2010 04:25:27 +0000 http://www.lifestylesunlimited.com/?p=8324#comment-829 I completely agree that we can easily get so wrapped up in gathering information and educating ourselves that we fail to take action when needed. In this information age, there are a lot of information junkies that need to free themselves from the 24-7 endless parade of news and information. Education is valuable, but don't let your desire for knowledge keep you from focusing on the important tasks at hand. I completely agree that we can easily get so wrapped up in gathering information and educating ourselves that we fail to take action when needed. In this information age, there are a lot of information junkies that need to free themselves from the 24-7 endless parade of news and information. Education is valuable, but don’t let your desire for knowledge keep you from focusing on the important tasks at hand.

]]> By: James Mills http://www.lifestylesunlimited.com/low-information_diet_for_the_real_estate_investor/#comment-828 James Mills Mon, 01 Mar 2010 22:08:33 +0000 http://www.lifestylesunlimited.com/?p=8324#comment-828 Bryan This reminds me of a couple of people I worked with. They were so focused on being so organized they were less productive. They were not able to be flexible in their everyday work day and schedule. This all has to do with management and managing on your feet. I know if those people read my comment, they would cringe and disagree. Sometimes it does rain and it wlll again. Bryan
This reminds me of a couple of people I worked with. They were so focused on being so organized they were less productive. They were not able to be flexible in their everyday work day and schedule. This all has to do with management and managing on your feet. I know if those people read my comment, they would cringe and disagree. Sometimes it does rain and it wlll again.

]]> By: Natalie Pilkinton http://www.lifestylesunlimited.com/low-information_diet_for_the_real_estate_investor/#comment-827 Natalie Pilkinton Mon, 01 Mar 2010 21:02:35 +0000 http://www.lifestylesunlimited.com/?p=8324#comment-827 Bryan, Well put. The best thing for people to do is get the big picture and quickly start taking steps. Big picture then a few more. Big picture, refocus and a few more steps. Your journey truly doesnt begin until you have taken steps. Bryan, Well put. The best thing for people to do is get the big picture and quickly start taking steps. Big picture then a few more. Big picture, refocus and a few more steps. Your journey truly doesnt begin until you have taken steps.

]]> By: Jeff Smith http://www.lifestylesunlimited.com/low-information_diet_for_the_real_estate_investor/#comment-826 Jeff Smith Mon, 01 Mar 2010 14:48:12 +0000 http://www.lifestylesunlimited.com/?p=8324#comment-826 Very helpful Bryan ... and just like with my pastor every week it seems like you are speaking directly to me. With a new project at hand I have given myself 2 months to train, get acclimated to a new environment, and "learn the system," but now I think a shorter time frame is more appropriate (but 2 days, really?). Very helpful Bryan … and just like with my pastor every week it seems like you are speaking directly to me. With a new project at hand I have given myself 2 months to train, get acclimated to a new environment, and “learn the system,” but now I think a shorter time frame is more appropriate (but 2 days, really?).

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