Preparing for a market downturn

Preparing for a market downturn

Preparing for a market downturn   I was part of a webinar this morning where the topic was what someone should do in a market downturn like what we’re getting ready to experience. Actually, I’d say we’re already in the downturn. We just haven’t seen how it will manifest itself in the real estate world yet.   During the call, we first talked about things we’re doing differently in our…

Fear and proactivity

Fear and proactivity

Fear and proactivity   I think that you will agree with that me that there’s a lot of uncertainty going on right now. And people do some strange things when they get scared. If you don’t believe me, go check out the toilet paper aisle at the grocery store. Now, I’ve had to make a run, or perhaps more of a waddle, for toilet paper before. But I’ve never seen…

Investing, family and footprints

Investing, family and footprints

Investing, family and footprints   Real estate investing is our family business, and I’m not just talking about Ashley being my partner. Our kids have also been involved their entire lives.   You see, Ashley was closing a short sale and fielding calls while giving birth to our first born. I’m not joking. I have the video to prove it. She was on the phone talking to a seller while…

What does a day look like?

What does a day look like?

What does a day look like?   I’m often asked what a typical day looks like for a full-time investor. This is a hard thing to answer because any given day can be different. But to give you some insight as to the possibilities, let me tell you about yesterday.   I woke up at 4:30 a.m. (that’s not a typo.) The reason I get up so early is so…

It’s not what you make, but what you keep that matters

It’s not what you make, but what you keep that matters

It’s not what you make, but what you keep that matters.   How many of you have heard stories about lottery winners who win it big, only to lose  everything in a short period of time? I was reading a web article on this subject recently and it was mind blowing. The article went through many stories of how different people had won millions, only to lose it in 10…

Be careful where you get advice

Be careful where you get advice

Be careful where you get advice   Ashley and I went to a baby shower this week for some of our good friends Dorsie and Jimmy Kuni. Dorsie was absolutely glowing.   This will be their first, and as any good friend who already has kids should do, I asked Jimmy if he was excited or just plain scared. He laughed, and we joked about Owen Wilson’s line from “Armageddon”…

Prioritize and execute

Prioritize and execute

Prioritize and execute   For the last two weeks, I’ve been on my eighth reading of a book called “Extreme Ownership, How U.S. Navy SEALS Lead and Win” by Jocko Willink and Leif Babin. (Well, technically I’m not reading it. The authors are reading it to me via Audible. But this is the eighth time I have listened to it.)   This book is awesome. The authors, Jocko and Leif,…

What is a market inversion?

What is a market inversion?

What is a market inversion?   Are you familiar with the term market inversion? If not, that’s OK. I wasn’t until recently. But as real estate investors, you need to understand what it is, and more importantly, what it means for the current and upcoming real estate market.   First off, let me give a quick overview as to what market inversion is from my understanding, and then I’ll tell…

How do you measure success?

How do you measure success?

How do you measure success?   I was standing in a store the other day buying materials for a project when I saw a friend I haven’t seen for years. He also happened to be buying things for a project he was working on.   We talked for a while, catching on up on the past. Toward the end I said, “So, you’re still at it” in reference to his…

Invest in yourself

Invest in yourself

Invest in yourself   I wonder if we, as real estate investors, get so caught up in flipping and landlording that we don’t take time to focus on what the word “invest” really means. One definition of investing is to devote one’s time, effort, energy or money to a particular undertaking with the expectation of a worthwhile result.   Now, that’s easy to wrap your head around with a flip…