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Become a flea trainer If you’ve never read Zig Ziglar’s book, “See you at the top,” I highly suggest it. Zig has a gift for helping motivate you, improve your self image and teach you how to set and attain goals. His book is full of parables and stories that embody the keys to make you a success. He tells one story about how to become a flea trainer, and it goes something like...
You need to protect your assets, trust me: When people are getting started in real estate, they often assume they need to form an entity like an LLC or an S corporation first thing. The two main reasons for this are to protect their assets from lawsuit and to take advantage of certain tax breaks. In my opinion, due to formation and maintenance costs, neither of these entities are...
If you want to learn about real estate investing, buy the man lunch I’m often asked where the best place to get education is for new investors. Truthfully, some of the best seminars I’ve ever taken happened over lunch when I’ve taken out successful investors and had in-depth discussions. Here is how I prepare: before we go, I tell the investor I want to be respectful of his...
Using A “Handyman Special” Option Have you ever experienced buyer’s remorse after purchasing a property that needed too much work? If you haven’t, count yourself blessed. One time we bought a home that needed a ton of work. When we started pursuing the deal, I lived 15 minutes away; I was full of vigor and ready to knock out so major rehab. A year later, when we finally made it...
What are your options? When you hear the word option in real estate, you probably think of a lease-option strategy. This is where you lease a house to a tenant buyer with bumpy credit. You call them a tenant buyer because they’re renting your house with the hope of buying it from you in the near future. That’s where the option comes in. You sell them the option to purchase the...