Glamour, Despair, Bankruptcy AND RICHES all could be yours, and can be used to describe real estate investing. What will it be?
Invest in Real Estate because it is the best investment there is. – Donald Trump
After 12 years buying junk houses I’ve seen it all. There is a complex equation to winning. The nice thing about houses – they don’t move… most of the time.
There is so much to cover on this topic we’ll be breaking it into a series. I can teach you the general recipe for winning very quickly. I will show you how easy it is to invest in houses – in principal, and theory. BUT applying these recipes should NOT be taken lightly.
The number 1 thing to manage with ‘flipping’ is stress. Seriously, I’ve helped people make $40,000 in a month only to have them retort, “I’ll never do that again!” Some aren’t wired to manage stress. And no amount of money will change that.
First, look at real estate as a recipe. Here is a peek at my buying recipe:
find property = negotiate = write offer = accepted offer = close
This stuff is easy – right? Pretty much. We will also be covering mindset as my experience puts your thinking as key as any other part of winning – actually I find that true for life in general.
Looking at the buying recipe you see negotiate is the second step… you’ve got to have the mindset to make this happen! Negotiation is not for the faint of heart. You may want to read something else and save time… turn back now, read no more!
You’re still reading? Here is the thing, I can’t do anything else. Real estate is what I do for money. Whether its helping someone rehab and flip a junk house, or buying a 300 unit apartment complex – real estate is what I do. It simply pays too well for me to do anything else. In the industry we have a term, guys like me are called real estate whores. I know it sounds bad, but it is true. We look under sinks for money NOT glamour.
Let’s summarize; this series will cover the recipes for multiple strategies for buying, holding, and flipping houses. By the way, flipping is NOT a good term within the industry. We will also cover mindset and all the other things those infomercial boys are selling for huge profits.
AND, some case studies of deals we’re doing and ones we’ve done – good, bad and ugly.
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