Failing by Michael Jordan

I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. Twenty-six times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.
—Michael Jordan

What Is Real Estate Investing?

Real estate investors don’t need to ask the question, “What is real estate investing?” They know the answer, because they know what real estate investing means to them, which may be something quite different than it means to someone else. What is real estate investing to you?

You could ask five different people the question, “What is real estate investing?” and get five completely different answers. The only thing for sure is that real estate investing normally involves real estate. Let me tell you what I mean.

First, to one person, real estate investing might mean buying and selling. Normally, the investor wants to buy low and sell high, and this kind of investor doesn’t normally want to hold on to a piece of property for very long. Their answer to “What is real estate investing?” is “Quick turn around.”

Another person’s answer to the question, “What is real estate investing?” might mean buying and holding. This kind of person doesn’t mind the thought of being a landlord, and doesn’t mind the idea of managing tenants and collecting rents. Maintenance and upkeep don’t scare this investor.

Yet another type of investor is interested in high-value commercial property like hotels, office buildings, and malls. This is a high-risk, high-reward game played for big stakes. When asked, “What is real estate investing?” this investor doesn’t shy away from mega-sized deals.

One more type of investor prefers rehabbing and repairing. This investor buys the worst property and uses their skills and abilities to turn it around and make it nice again. These investors breathe new life into old properties. Their answer to, “What is real estate investing?” involves creating something of great value from next to nothing. People with construction experience or project management skills fit this type of investing best.

There’s also the kind of real estate investor who doesn’t actually buy any property at all. Their answer to, “What is real estate investing?” may involve partnerships, trusts, and possibly even the sale of notes, mortgages, and other financial instruments.

Real estate investing is a very big umbrella, and there are as many different answers to the question, “What is real estate investing?” as there are individual investors. Your job is to do the research, learn the strategies and then decide for yourself which style fits you.

At my website, I’ve written a more in-depth article on the question, “What Is Real Estate Investing?”

Now, go make more offers!

Short Sale Real Estate Investing - Pit Bull Theory

You?ve decided to get involved in short sale real estate investing, and you have a deal working. A distressed seller has asked for your help, and you?ve even gotten to first base with the lender. Negotiations have begun, but have stalled out because there seems to be some apathy on the lender?s part for getting this deal done? what now?

Here?s the scenario- Mrs. Motivated called you six days ago with a house she needs to sell right away. Her husband walked out, leaving her saddled with payments of $900 per month, way over her head. She?s two month?s behind, with a mortgage balance of about $110,000, and a house value of about $125,000. Perfect conditions for short sale real estate investing.

Your initial calls to her lender went well. You reached Mrs. Motivated?s collections supervisor, who referred you to the lender?s short sale real estate investing department, otherwise known as ?Loss Mitigation?. Ah, lenders and their silly names!

Miss Mercy, in Loss Mitigation, informed you that you would need to submit an offer, accompanied by proof of funds, to her office on a form that she would provide. You happily complied, offering $90,000. Your hopes were high.

Miss Mercy has now applied the brakes in dramatic fashion, thus smashing your cherished little hopes, and those of Mrs. Motivated. On the phone, Miss Mercy expounded for several minutes on her bank?s policy, ?never, under any circumstances whatsoever,? to accept an offer lower than the mortgage balance. And here you had been foolishly led to believe that short sale real estate investing was not only possible, but welcomed.

What to do? what to do?

You could definitely turn tail and run for the hills, leaving Mrs. Motivated at the mercy of? dare I say it, Miss Mercy! But that would go against your goal of helping Mrs. Motivated, putting several thousand dollars in your pocket, and being mega-successful at this game called short sale real estate investing. All fine goals which are not, by the way, mutually exclusive.

You could call Miss Mercy and rail against the system, pleading Mrs. Motivated?s just cause, and pulling at Miss Mercy?s heart strings. After all, that?s why you started short sale real estate investing in the first place. Fat lot of good it will do you!

Or, you could do what other smart, savvy, experienced practitioners of short sale real estate investing do? implement Pit Bull Theory.

Pit Bull Theory states, ?I will NOT give up until I have gotten my huge, powerful jaws around the throat of the lender and shaken until the deal either closes or dies.?

How, then, does one close their jaws around a lender?s throat and shake?

Simple.

You try back doors, front doors, and side doors, until you run out of doors. That?s what makes short sale real estate investing work, and to find out how to make it work for you, you?ll want to read more about it at Short Sale Real Estate Investing. Go ahead, it’s free!

Now, go make more offers!

ABCs of Real Estate Investing - ABCs of Real Estate Investing Guide

It seems like almost everyone is learning how to cash in and make a buck from the current real estate craze. Home buying and selling is hot right now, and many are learning how to turn real estate investing into a gold mine. But unless you know the ABCs of real estate investing, you can?t even get started.

Many people share the dream of wanting to work for themselves alone, being their own boss, making money their own way. Real estate investing is a great way to make this dream a reality, but you have to know what you?re doing. You have to know the ABCs, and learn to play the game. Only then can you learn to enjoy the payoff. The more you learn about real estate investing, the bigger and better your payoffs should be. That?s what makes this type of investing so lucrative and exciting.

When you learn to read, you start with your ABCs. And when you want to start in real estate, you have to learn the ABCs of real estate investing. For starters, you want to learn about ?the market.? This refers to the real estate market, and it only means knowing the condition of properties in any particular area. For instance, in a single city or area inside a city, you?ll want to know how much properties are selling for, how many properties are available, which neighborhoods are popular. You should know as much about the area you?re working in as possible. Know where homes are selling and where they?re not selling, and know what sort of price those homes are getting. This is a great way to get a feel for ?the market? and learn what kind of money you can hope to bring in. Knowing your area is a very basic rule of real estate investing.

Once you know how the market looks in your area, you can get down to the nitty-gritty of real estate investing. The basic things you?ll need to know, the ABCs, are fairly simple. The trick to success at real estate is in learning what people want. What are home buyers looking for? What do you look for, when you buy a home? The kitchen and bathroom areas are very important, and many real estate professionals say that these areas are what sell homes. Keep costs down as much as possible, but if you?re going to splurge then put the money into these areas of the home. You?re likely to get the most money back from this investment. Learn more about more inexpensive materials, such as poured concrete instead of granite, and laminate flooring instead of hardwood, to learn how to make a home beautiful for less. This is one of the ABCs of real estate investing ? knowing how to walk the fine line between spending too much and too little.

It?s important to work out a budget, plan for disaster, and keep on track as much as possible. Have an idea of what you want to get out of each property before you sell, and don?t put more into any one property than you think you should. If you won?t get that investment back, don?t put it in. This is one of the ABCs of real estate investing ? staying on track with the budget. Remember, the less you make from the sale of the property, the less you make from your investment.

ABCs of Real Estate Investing - ABCs of Real Estate Investing Guide

It seems like almost everyone is learning how to cash in and make a buck from the current real estate craze. Home buying and selling is hot right now, and many are learning how to turn real estate investing into a gold mine. But unless you know the ABCs of real estate investing, you can?t even get started.

Many people share the dream of wanting to work for themselves alone, being their own boss, making money their own way. Real estate investing is a great way to make this dream a reality, but you have to know what you?re doing. You have to know the ABCs, and learn to play the game. Only then can you learn to enjoy the payoff. The more you learn about real estate investing, the bigger and better your payoffs should be. That?s what makes this type of investing so lucrative and exciting.

When you learn to read, you start with your ABCs. And when you want to start in real estate, you have to learn the ABCs of real estate investing. For starters, you want to learn about ?the market.? This refers to the real estate market, and it only means knowing the condition of properties in any particular area. For instance, in a single city or area inside a city, you?ll want to know how much properties are selling for, how many properties are available, which neighborhoods are popular. You should know as much about the area you?re working in as possible. Know where homes are selling and where they?re not selling, and know what sort of price those homes are getting. This is a great way to get a feel for ?the market? and learn what kind of money you can hope to bring in. Knowing your area is a very basic rule of real estate investing.

Once you know how the market looks in your area, you can get down to the nitty-gritty of real estate investing. The basic things you?ll need to know, the ABCs, are fairly simple. The trick to success at real estate is in learning what people want. What are home buyers looking for? What do you look for, when you buy a home? The kitchen and bathroom areas are very important, and many real estate professionals say that these areas are what sell homes. Keep costs down as much as possible, but if you?re going to splurge then put the money into these areas of the home. You?re likely to get the most money back from this investment. Learn more about more inexpensive materials, such as poured concrete instead of granite, and laminate flooring instead of hardwood, to learn how to make a home beautiful for less. This is one of the ABCs of real estate investing ? knowing how to walk the fine line between spending too much and too little.

It?s important to work out a budget, plan for disaster, and keep on track as much as possible. Have an idea of what you want to get out of each property before you sell, and don?t put more into any one property than you think you should. If you won?t get that investment back, don?t put it in. This is one of the ABCs of real estate investing ? staying on track with the budget. Remember, the less you make from the sale of the property, the less you make from your investment.

Sandy CA$HFLOW next Wednesday October 21st.

CA$HFLOW 101 in Sandy Wednesday Oct. 21st 6:30 PM

 

What Is Real Estate Investing?

Real estate investors don’t need to ask the question, “What is real estate investing?” They know the answer, because they know what real estate investing means to them, which may be something quite different than it means to someone else. What is real estate investing to you?

You could ask five different people the question, “What is real estate investing?” and get five completely different answers. The only thing for sure is that real estate investing normally involves real estate. Let me tell you what I mean.

First, to one person, real estate investing might mean buying and selling. Normally, the investor wants to buy low and sell high, and this kind of investor doesn’t normally want to hold on to a piece of property for very long. Their answer to “What is real estate investing?” is “Quick turn around.”

Another person’s answer to the question, “What is real estate investing?” might mean buying and holding. This kind of person doesn’t mind the thought of being a landlord, and doesn’t mind the idea of managing tenants and collecting rents. Maintenance and upkeep don’t scare this investor.

Yet another type of investor is interested in high-value commercial property like hotels, office buildings, and malls. This is a high-risk, high-reward game played for big stakes. When asked, “What is real estate investing?” this investor doesn’t shy away from mega-sized deals.

One more type of investor prefers rehabbing and repairing. This investor buys the worst property and uses their skills and abilities to turn it around and make it nice again. These investors breathe new life into old properties. Their answer to, “What is real estate investing?” involves creating something of great value from next to nothing. People with construction experience or project management skills fit this type of investing best.

There’s also the kind of real estate investor who doesn’t actually buy any property at all. Their answer to, “What is real estate investing?” may involve partnerships, trusts, and possibly even the sale of notes, mortgages, and other financial instruments.

Real estate investing is a very big umbrella, and there are as many different answers to the question, “What is real estate investing?” as there are individual investors. Your job is to do the research, learn the strategies and then decide for yourself which style fits you.

At my website, I’ve written a more in-depth article on the question, “What Is Real Estate Investing?”

Now, go make more offers!

What Is Real Estate Investing?

Real estate investors don’t need to ask the question, “What is real estate investing?” They know the answer, because they know what real estate investing means to them, which may be something quite different than it means to someone else. What is real estate investing to you?

You could ask five different people the question, “What is real estate investing?” and get five completely different answers. The only thing for sure is that real estate investing normally involves real estate. Let me tell you what I mean.

First, to one person, real estate investing might mean buying and selling. Normally, the investor wants to buy low and sell high, and this kind of investor doesn’t normally want to hold on to a piece of property for very long. Their answer to “What is real estate investing?” is “Quick turn around.”

Another person’s answer to the question, “What is real estate investing?” might mean buying and holding. This kind of person doesn’t mind the thought of being a landlord, and doesn’t mind the idea of managing tenants and collecting rents. Maintenance and upkeep don’t scare this investor.

Yet another type of investor is interested in high-value commercial property like hotels, office buildings, and malls. This is a high-risk, high-reward game played for big stakes. When asked, “What is real estate investing?” this investor doesn’t shy away from mega-sized deals.

One more type of investor prefers rehabbing and repairing. This investor buys the worst property and uses their skills and abilities to turn it around and make it nice again. These investors breathe new life into old properties. Their answer to, “What is real estate investing?” involves creating something of great value from next to nothing. People with construction experience or project management skills fit this type of investing best.

There’s also the kind of real estate investor who doesn’t actually buy any property at all. Their answer to, “What is real estate investing?” may involve partnerships, trusts, and possibly even the sale of notes, mortgages, and other financial instruments.

Real estate investing is a very big umbrella, and there are as many different answers to the question, “What is real estate investing?” as there are individual investors. Your job is to do the research, learn the strategies and then decide for yourself which style fits you.

At my website, I’ve written a more in-depth article on the question, “What Is Real Estate Investing?”

Now, go make more offers!

What Is Real Estate Investing?

Real estate investors don’t need to ask the question, “What is real estate investing?” They know the answer, because they know what real estate investing means to them, which may be something quite different than it means to someone else. What is real estate investing to you?

You could ask five different people the question, “What is real estate investing?” and get five completely different answers. The only thing for sure is that real estate investing normally involves real estate. Let me tell you what I mean.

First, to one person, real estate investing might mean buying and selling. Normally, the investor wants to buy low and sell high, and this kind of investor doesn’t normally want to hold on to a piece of property for very long. Their answer to “What is real estate investing?” is “Quick turn around.”

Another person’s answer to the question, “What is real estate investing?” might mean buying and holding. This kind of person doesn’t mind the thought of being a landlord, and doesn’t mind the idea of managing tenants and collecting rents. Maintenance and upkeep don’t scare this investor.

Yet another type of investor is interested in high-value commercial property like hotels, office buildings, and malls. This is a high-risk, high-reward game played for big stakes. When asked, “What is real estate investing?” this investor doesn’t shy away from mega-sized deals.

One more type of investor prefers rehabbing and repairing. This investor buys the worst property and uses their skills and abilities to turn it around and make it nice again. These investors breathe new life into old properties. Their answer to, “What is real estate investing?” involves creating something of great value from next to nothing. People with construction experience or project management skills fit this type of investing best.

There’s also the kind of real estate investor who doesn’t actually buy any property at all. Their answer to, “What is real estate investing?” may involve partnerships, trusts, and possibly even the sale of notes, mortgages, and other financial instruments.

Real estate investing is a very big umbrella, and there are as many different answers to the question, “What is real estate investing?” as there are individual investors. Your job is to do the research, learn the strategies and then decide for yourself which style fits you.

At my website, I’ve written a more in-depth article on the question, “What Is Real Estate Investing?”

Now, go make more offers!

Next Page »