Posted on 24 July 2010. Tags: Getting Started In Real Estate, mastermind, mentors, success
I want to shift gears here for a minute and talk about the personal side of this business. The tactics and strategies can only take you so far.
I remember back when I got into real estate with no money and very little confidence. I was afraid of rejection! I was afraid of what could go wrong. I had amassed a great deal of knowledge from the books I’d read, but no practical application to fall back on.
I started on a dream and a hope that this would work. When I began, I was ending a relationship and basically without a place to live or money to move. I dove head first and hoped for the best! I had no idea what was going to happen. Continue Reading
Posted in Success
Posted on 16 July 2010. Tags: land profit investing, Real Estate Investing, real estate investing course
Recently, we had a guest expert on our Interviews with the Expert series. The topic was investing in land. (Here’s the webinar link in case you want to check it out).
During the webinar, I had kind of an “aha” moment and I decided to do a “challenge”.
I was going to take Jack’s system (Note: I had NEVER gone through the materials personally prior to this) and implement it. My goal was to get a parcel of land under contract in 30 days or less.
Here’s What I Did…
I committed to spending 60 minutes/day on the system. Continue Reading
Posted in Getting Started, Success
Posted on 31 May 2010. Tags: Memorial Day
A Tribute to the men and women that have served and sacrificed for each and every one of us…
I found this video on Youtube and spent a few moments in silence thinking about the men and women I’ve personally known – and the many millions that I have not known – that have fought on foreign lands for our freedoms. I also thought of the next generation getting ready to head overseas and my thoughts and prayers are with them…
Thank you for serving our country and preserving our freedoms… the very rights we have that allow us to build our businesses and live the American Dream. Continue Reading
Posted in Success
Posted on 05 April 2010. Tags: Get Started in Real Estate, make money in real estate, Real Estate Investing, Real Estate Investing Mistakes, Real Estate Investor
The only real solution for real estate investing mistakes is consistent action! You’ve got to stick with it and realize that part of learning process. You WILL make mistakes… and you will continue to make them for as long as you choose to invest.
The key is to learn from each and move on. Add it to a policy and procedure manual so to speak! And avoid that particular real estate investing mistake in the future!
When I first started in real estate, I would document every real estate deal in detail. I would be sure to document: (1) What went well, (2) What didn’t go well!, Continue Reading
Posted in Rehabbing, Success
Posted on 04 April 2010. Tags: Get Started in Real Estate, Real Estate Investing, Real Estate Investing Mistakes
When I first got started in real estate investing, I was the poster child for mistakes! The one thing I did PROPERLY was that I took action. And success favors the people that take action.
The key is to keep moving and not dwell on each individual real estate investing mistake that you make, especially early on! Just keep on going… and take a few minutes to figure out what the lesson was, add it to your knowledge and experience bank, and move on to the next!
In this article series, I’ve highlighted 17 real estate investing mistakes that I made early on and share with you what you can do to avoid making the same real estate investing mistakes I made…
The first mistake new real estate investors make is always thinking the grass is greener on the other side! That “another” market will have better deals, more motivated sellers, and more qualified buyers. Once your business is established with duplicatable systems in place, it can be easy to expand into additional markets. But in the beginning, stick with your targeted farm area. Continue Reading
Posted in Getting Started, Success
Posted on 02 April 2010. Tags: joint venture agreements in real estate, Real Estate Investing, Real Estate Investing Mistakes, wholesaling houses
Real estate investing is exciting when you’re just getting started. Real estate is all you can think about and all you can talk about. Your enthusiasm rubs off on others and you instantly start attracting people that want to lend money on for deals, partner with you on properties, joint venture with you on aspects of your business, etc.
The problem is that when you’re so excited, it’s hard to imagine anything EVER going wrong. Why would you need anything more than a handshake and verbal agreement?
Sure, you may be laughing as you read this, but you’ll see… when it comes time to putting a joint venture together, you’ll be eager to get moving along and you just might make this critical real estate investing mistake… and it COULD wind up costing you tens of thousands of dollars, friendships, and worse. Continue Reading
Posted in Business Structures, Getting Started, Success
Posted on 15 March 2010. Tags: Flipping Houses, flipping properties, Flipping Real Estate, Real Estate Investing, Wholesaling
Flipping properties – or wholesaling – is one of the fastest and easiest ways to get into real estate investing. Most people recommend you start with wholesaling because it’s the best way to get your feet wet with virtually no risk.
So, how does someone that’s brand new to real estate get started flipping properties (aka Wholesaling)?
Follow these 7 tips to start investing in real estate today:
#1. Look In Your Own Backyard
The grass is always greener in the other neighborhood, and it’s easy to keep looking for the “right” area. Continue Reading
Posted in Success, Wholesaling
Posted on 15 March 2010. Tags: Darius Barazandeh, darius m barazandeh, Real Estate Liability Protection, Real Estate LLC, Real Estate Tax Savings
By Darius M. Barazandeh, Attorney at Law / M.B.A.
I see it several times per day, everyday: An LLC disaster waiting to happen! No matter where I travel or with whom I speak, it’s clear that small to mid-sized business owners are not getting proper instruction on how to create, run, and maintain a ‘rock solid’ LLC. Did you or your attorney form your LLC? Are you now left with a stack of papers and confusion?
One comment that I repeatedly hear is, “Well, my attorney set it up for me two years ago…so everything is rock solid.” Usually, without much probing, I soon learn that little else has been done since then. I will typically find that even the attorney may have missed a few steps along the way! In fact, we have uncovered 24 mistakes/traps that LLC owners face all the time! Many of these mistakes are even made by attorneys, experienced business owners, and very talented people. So if you want to avoid disasters and create a ‘rock solid’ LLC…let’s get started!
While I can’t cover all 24 mistakes and traps in this article, let’s talk about the first 5 mistakes in some detail:
- The ‘Fatal Death’ Personal Liability Clause
A handful of states have a strange option in their Continue Reading
Posted in Business Structures, Getting Started, Legal & Tax, Success
Posted on 13 March 2010. Tags: FHA seasoning requirements, real estate investing resources, real estate investing trends, Real Estate Trends
If you’re serious about investing in real estate in the current market, you need to know what’s going on and stay on top of the real estate trends.
The bottom line is this: The business of real estate is changing at a lightening – and unprecedented – pace!
Never before in our industry history have we seen such rapid changes in, not only the market, but also in legislation, rules and regulations, technology and tools, and anything else you can think of for that matter.
Now don’t get me wrong, we have definitely seem some ups and downs in real estate over the years, but nothing like what we are seeing now industry-wide. It’s not just property values anymore that we’ve got to pay attention to. Continue Reading
Posted in Success, Training Programs
Posted on 27 February 2010. Tags: Real Estate Investor Websites, Real Estate Sites, Using Video In Real Estate, Video for Real Estate
So, the past week has been a little shaky at best!
We had to move all of our company’s web servers to a new hosting account. I’ll save you all the technical details and leave it at this: if you’re ever changing websites and/or hosting accounts, HIRE IT OUT!
At any rate, there was an interesting experience that arose from going through the process of upgrading our servers. I felt frustrated and overwhelmed the whole time and was operating in a reactive state. More than once, I simply tried to cancel the upgrade and was determined to go to another company.
I didn’t know what had happened already. I didn’t know what to expect next. Continue Reading
Posted in Sales & Marketing, Success, Technology