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propertytobuysurrey:   Followers: 0 ; Following: 0

The Best Real Estate Investing Advice


I recently did a radio interview and that is a partial transcript from that conversation. Tell me what you think!

What is your better Real Estate Investing Advice? - Estate Agents in Surrey

Don't stop. Never quit. Never surrender. You're going to a hit lot of obstacles in this business - you can't let them stop you. So many investors get stopped by either ignorance or fear saying, "this is just too hard" - "real estate doesn't work for me" - "real estate fails in my area." Chances are they'll get out! Don't do that. Find someone who can guide you through. It could be someone in your REIA, another investor, a lawyer, anyone successfully doing what you are trying to do. Do the required steps to find answers to questions. You don't have to know everything today; you learn after a while. Take the time to figure it out - but don't get stopped.

Name on big obstacle.

Legislation - laws change and frequently investors don't know the state of hawaii laws or say "our laws do not let that" when actually they're blind to the laws. Legislation may say you can not do something a specific way, however you can in fact do it another way. Again - learn, find out, know - just do not get stopped.

Best book you've read

I enjoy business books because we operate a business. If you have greater than 2 properties, you have a business and need to help remedy it as such, instead of like a hobby. The fantastic thing about business books is always that most business needs are exactly the same, no matter the industry. "The EMyth" by Michael Gerber is amazing and "Think and Grow Rich" by Napoleon Hill.

Best personal growth experience as well as what you learned from it.

My best ever personal growth experience probably originated from my worst ever activities. My three experiences were divorce and two extreme family health crises. One of the big things I learned through these was not to waste time - everyday is efficacious, even the tough ones. Jim and that i are so so busy daily, our days are extremely full, but we love it because it's all productive, all of it serves a purpose, it serves others, and our activity constantly moves us toward our goal. We do not have to be at our goal to enjoy life, just doing work for it and making steps leads us tremendous joy. Don't sweat the little stuff because it actually is all small stuff on the life span - it does pass as time is constantly on the march on. It's precious, don't waste it.

Generate income tie that into real estate property is by pointing out that, if you decide to wait before you make a purchase order, I promise that in 5 years you'll be kicking yourself for waiting. Time is so precious.

Best success habit you practice

Not receiving stopped. For that to happen, you must have a big enough "why?" You have to have a big enough reason to be doing this business - plus your reason's gonna change. Getting started, our reason for e-commerce was to provide for retirement (and of course I wanted to get to that sooner rather than later). Eventually, as we begun to have income to arrive for today, our reason has been a better lifestyle to live in and our family along with being able to give more, which feels excellent. Now our reason would be to leave financial prosperity to children and grandchildren

Best price you've done

Our mountain house. Regarding the time we started marketing ebay, we also bought a very nice house in our gorgeous New york mountains. As it turns out, we only happened to buy it with private money because Jim was golfing with a friend one day and told him of a house we were seeking in spite of crazy lending regulations. Whenever they finished golfing, his friend turned to him and offered to fund the deal. (We had been shocked and amazed he even had the amount of money - we'd caused him and known him for many years. If we didn't have money, how did he???) Finding private money is easier than you'd expect - all you need to do is discuss what you do...

But, the stage that this story is this fact was 2005-2006 before the economy tanked. We bought the house and spent about $10,000 giving it a face lift. Shortly into owning it, Jim told me we'd have to sell mainly because it was not generating income and, with our new company sucking up cash, we couldn't find the money to maintain the mountain house. I used to be devastated, however... We agreed upon a sales price, that i thought was high since i didn't want to sell. It sold right away. We had to set the closing date with a time when we would are for 366 days. By holding it more than a year, we would only have long term capital gains to manage. We made $100,000 profit after loving it for 12 months. That was crazy huge money for individuals and we had super enjoyed the home and the mountains superior to free all that time. We poured every dime of profit back into our investing business. It was another confirmation that real-estate is an amazing strategy to make huge money.- Estate Agents in Surrey


Post by propertytobuysurrey (2015-10-01 05:20)

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