Sacrifice for others. I know we didn’t have much growing up but my mom always found ways to give me the extras. We would cut back here and there so that we could take the mandatory trip to Disneyland or get new athletic shoes. Finding purpose by sacrificing for others is one of the highest calling in success. Successful people live not only for themselves but for those around them as well.
Why do you think that by offering these benefits seller should do a business with you over any and every option available to him/her? The answer to this question could be your unique selling proposition. By this your marketing and negotiating will become tons easier. You can greatly increase your profit from creative Dean Graziosi.
The other issues that most (long term buy and hold) investors are typically faced with, I like to refer to as “The Terrible T’s” (Tenants & Toilets). Please do not get me wrong, Long Term Buy and Hold has and continues to serve me very well, but only because I follow a system and play close attention to the economic fundamentals. Many an inspiring investor has had his or her dreams destroyed as a result of bad Tenants and/or a lack of positive cash flow. When I attend check out his website and events around the country, the common issue that most real estate investors are typically faced with is the lack of or no cash flow.
Property investment is an excellent way to create wealth. For the beginner it is buying a place and renting it out for a couple of years and then selling it at at profit. For the experienced investor, a property provides passive income or several properties can provide multiple streams of income. This gives them the financial freedom to further pursue this business. A property will give the investor a passive income, provided its bought at the right price and it will appreciate in value over a number of years. It will give you a retirement fund as well but thats towards the end of your useful life. You want to enjoy your life now, not in 20 or 30 years from now and you want to spend quality time with your family.
Up till now, the idea was just about one single mobile home deal, but the cash flow idea is the same. What if mobile home park investing became a strategy I would pursue. What if I can get the mobile homes rather inexpensively, resell them, and also collect rent for the space where they are located. Ah–ha! What if there are 25 of them? Buy each mobile home for $10,000, resell on owner financing (mobile home financing is still pretty tough to get) for $40,000, and collect $300/mo for the home and $200/mo for the space rented totals $500/mo per home. Now, 25 spaces x $500= $12,500 per month. Not too shabby and actually pretty sweet.
I could keep going with the numerical examples, but I think you get the point. With expensive items, you can spend hundreds of dollars MORE on advertising to get one sale if you have to, and then you STILL earn hundreds of dollars MORE for each sale that you make!
These few little tips can help making the transition into training and your new career much easier than if you didn’t have them to think about. Take the time to find what works for YOU, regardless of the opinions of others. Even though you should ask for referrals if you know people who can give them, that doesn’t mean that you have to use them. If you find a better school or program or simply don’t like their suggestions, go with what works best for your needs. Getting a real estate license might not seem like a smart career move right now, but when the market picks back up and you’re one step ahead of the rest, you’ll be thankful that you did it.
I teach my students to make their money when they buy. In other words, they know how much money they’ve made on the day the loan closes. Know how much money you made on your transaction the day you close, too. Buy it right, realize your profit when you sell, and you might even get a nice bonus of appreciation or a zone change that increases the value.