Not long ago i did a radio interview and that is a partial transcript from that conversation. Make me aware what you think! – Property to Buy Surrey
What is your very best self Real Estate Investing Advice?
Don’t stop. Never quit. Never stop trying. You’re going to a hit lot of obstacles in this business – you can not let them stop you. So many investors get stopped by either ignorance or fear saying, “this is way too hard” – “real estate doesn’t work for me” – “real estate does not work properly in my area.” Then they get out! Don’t do that. Hire a company who can guide you through. It could be someone in your REIA, another investor, a lawyer, anyone successfully doing what you’re trying to do. Do what can be done to find answers to your queries. You don’t have to know everything today; you learn as time passes. Take the time to figure it out – but don’t get stopped.
Name on big obstacle.
Legislation – laws change and quite often investors don’t know new york state laws or say “our laws never allow that” when actually they’re unaware of the laws. Regulations may say you cannot do something a specific way, but you can in fact do it one way. Again – learn, learn, know – just aren’t getting stopped.
Best book you’ve read
I enjoy business books because we operate a business. If you have over 2 properties, you do have a business and need to help remedy it as such, instead of like a hobby. The great thing about business books is that most business needs are similar, no matter the industry. “The EMyth” by Michael Gerber is amazing and “Think and Grow Rich” by Napoleon Hill.
Best personal growth experience as well as what you learned from that.
My best ever personal growth experience probably came from my worst ever life experiences. My three experiences were divorce as well as extreme family health crises. Among the big things I learned through these was not to waste time – everyday is valuable, even the tough ones. Jim and that i are so so busy everyday, our days are extremely full, but we love it because it’s all productive, all of it serves a purpose, it serves others, and our activity constantly moves us toward our goal. We don’t have to be at our goal to enjoy life, just doing work for it and making steps brings us tremendous joy. Don’t sweat the little stuff because it is really all small stuff on the life span – it really does pass as time is constantly march on. It’s precious, don’t waste it.
Generate an income tie that into real-estate is by pointing out that, if you decide to wait before you make an order, I promise that in five years you’ll be kicking yourself for waiting. Time is really precious.
Best success habit you practice
Not receiving stopped. For that to happen, you must have a big enough “why?” You have to have a big enough need to be doing this business – and your reason’s gonna change. Starting out, our reason for e-commerce was to provide for retirement (as well as I wanted to get to that as soon as possible). Eventually, as we started to have income to arrive for today, our reason became a better lifestyle for ourselves and our family as well as being able to give more, which feels excellent. Now our reason is usually to leave financial prosperity to your children and grandchildren
Best price you’ve done
Our mountain house. In regards to the time we started marketing ebay, we also bought a pleasant house in our gorgeous North Carolina mountains. As it turns out, we just happened to buy it with private money because Jim was golfing which has a friend one day and told him of a house we were hoping to get in spite of crazy lending regulations. Once they finished golfing, his friend turned to him and provided to fund the deal. (We had been shocked and amazed he even had the bucks – we’d dealt with him and known him for years. If we didn’t have money, how did he???) Finding private financial resources are easier than you’d expect – what you need to do is talk about what you do…
But, the stage that this story is this fact was 2005-2006 before the economy tanked. We bought your home and spent about $10,000 passing on a face lift. Shortly into owning it, Jim said we’d have to sell since it was not generating earnings and, with our new company sucking up cash, we couldn’t find a way to maintain the mountain house. I used to be devastated, however… We agreed on a sales price, that we thought was high because I didn’t want to sell. It sold quickly. We had to set the closing date with a time when we would own it for 366 days. By holding it more than a year, we would just have long term capital gains to cope with. We made $100,000 profit after loving it for Yr. That was crazy huge money for us and we had super enjoyed your home and the mountains better than free all that time. We poured every dime of profit back into our investing business. This was another confirmation that real-estate is an amazing method to make huge money. – Property to Buy Surrey