A book I have to recommend.
I picked this book up after a friend recommend it to me and it is awesome.
It's called The 4 Hour Work Week by Timothy Ferriss
Click here to get to his site.
You have to get it, read it and then implement it.
Thursday, April 3, 2008
I Know, I know- Forgive me.
I can't believe it's been since October that I wrote. Well now that I look back on what I have been doing, I guess I can.
October- Shannon and I celebrated 13 years.
November- I turned 35- Started using Rogaine :)
Happy belated Thanksgiving to you.
Merry belated Christmas to all of you that believe. For those of you who don't- Happy (fill in the blank)_______ from me to yours.
The year ended with a repeat of my two day intensive Drop That Hammer event. It was great. Lots of fun and learning from everyone.
The beginning of the year gave me many new things to do. Let me explain in not so long detail.
In January I attended a Peak Potential event called Life Directions. Really amazing stuff. Harv Eker creates some great events and this one is designed to help you find your true passion in life. It did just that for me.
I highly recommend it for anyone, no matter what stage of life they are in.
Millionaire Mind
After that I got the crazy idea to invite Harv's Millionaire Mind Evening here to Utah for the first time ever. That meant that I had to guarentee the company a minimum of 300 people in attendance. At the same time I started to work on my next seminar focused on how couples can make their marriages as successful as fortune 500 companies using specific systems.
It's funny. The more financially free I get the more projects I seem to give myself.
Just FYI for anyone planning on getting over 300 people to an event in less than two and a half months is not the most stress relieving activity. AND we did it. We actually had almost 400 people there. It was a huge success. Thank you to everyone who turned out, promoted and supported me.
How's your RE biz?
In times like these are you being more creative or are you just giving up? Don't crawl in a hole. Remember that the BIG GUYS- Kiyosaki, LeGrand, Sheets, Trump- all made huge money in the down markets. You need to get more education and find the low hanging fruit.
With Mortgage lenders having the issues they are now, it's a great time to forge great relationships with your local brokers. They have people calling them wanting to get into a house that might not be able to qualify for one reason or another. And there seems to be more reasons everyday depending on the banks mood.
Let them know what you can do in terms of Lease Options and Seller Financing. Show them that you can help qualify their clients even when the banks can't. When you are only charging 3-5% down as opposed to the banks minimum of 10-20% and an interest rate 1-1.5% higher than your underlined mortgage, you can usually sell your property faster than your competition. Throw the broker a half to a full point for the referral and you have created business for both. (Make sure you check with your state guidelines before offering a referral fee.)
The point is to get moving. The media should never drive your business, you should.
October- Shannon and I celebrated 13 years.
November- I turned 35- Started using Rogaine :)
Happy belated Thanksgiving to you.
Merry belated Christmas to all of you that believe. For those of you who don't- Happy (fill in the blank)_______ from me to yours.
The year ended with a repeat of my two day intensive Drop That Hammer event. It was great. Lots of fun and learning from everyone.
The beginning of the year gave me many new things to do. Let me explain in not so long detail.
In January I attended a Peak Potential event called Life Directions. Really amazing stuff. Harv Eker creates some great events and this one is designed to help you find your true passion in life. It did just that for me.
I highly recommend it for anyone, no matter what stage of life they are in.
Millionaire Mind
After that I got the crazy idea to invite Harv's Millionaire Mind Evening here to Utah for the first time ever. That meant that I had to guarentee the company a minimum of 300 people in attendance. At the same time I started to work on my next seminar focused on how couples can make their marriages as successful as fortune 500 companies using specific systems.
It's funny. The more financially free I get the more projects I seem to give myself.
Just FYI for anyone planning on getting over 300 people to an event in less than two and a half months is not the most stress relieving activity. AND we did it. We actually had almost 400 people there. It was a huge success. Thank you to everyone who turned out, promoted and supported me.
How's your RE biz?
In times like these are you being more creative or are you just giving up? Don't crawl in a hole. Remember that the BIG GUYS- Kiyosaki, LeGrand, Sheets, Trump- all made huge money in the down markets. You need to get more education and find the low hanging fruit.
With Mortgage lenders having the issues they are now, it's a great time to forge great relationships with your local brokers. They have people calling them wanting to get into a house that might not be able to qualify for one reason or another. And there seems to be more reasons everyday depending on the banks mood.
Let them know what you can do in terms of Lease Options and Seller Financing. Show them that you can help qualify their clients even when the banks can't. When you are only charging 3-5% down as opposed to the banks minimum of 10-20% and an interest rate 1-1.5% higher than your underlined mortgage, you can usually sell your property faster than your competition. Throw the broker a half to a full point for the referral and you have created business for both. (Make sure you check with your state guidelines before offering a referral fee.)
The point is to get moving. The media should never drive your business, you should.
Monday, October 15, 2007
Gone For Too Long!
I apologize for being gone for soooo long from the blog here. So much to update all of you on.
You can go home again:
In August I took my family back to my childhood home. My little sister just adopted a baby girl and we went to celebrate with their family. While there I had the opportunity to present my program at my old High School for some old and new friends. It was great to show everyone there how they to could control their financial future.
I Love New York-
First of all, in September I made my first trip ever to NY to speak for the Learning Annex. All I had ever heard from other speakers was how difficult New York audiences were to get through so i was a bit nervous. However, it was the exact opposite. They were great! Sure they didn't want any fluff, but that the way I like to give it anyway, so it was a great match.
Personally, going to New York was the fulfillment of a life long goal. Growing up in the theater world and as a performer, I had always wanted to go but never had. I stayed a few extra days so I could do the whole tourist thing. I saw as many shows as possible and spent all of my extra time seeing the sights. It was a great experience. So great that I can't wait to go back. I definitely won't wait as long this time.
New Event
Since coming home I have had so many requests to repeat my two day event in SLC that I have finally given in. I found the only open weekend that I had and have set the date for my event on November 30-December 1. I am working on adding even more information than last time. We are going to have a lot of fun. If you have not signed up to come yet, you should do so now!
http://www.realestatesubjectto.com/index.php?pr=Events
$199 for you and a partner! That's insane!
Back to the Beginning
I just got back from speaking at an event in LA for the Wealth Builders Conference. It was held at the Orange County Hyatt. I bring this up because just one year ago that was the hotel in which Robert Allen's Enlightened Wealth Institute named me their Coach of the Year for 2006. It was at that conference where I decided to create my Drop That Hammer system. What a difference a year makes!
If you are in or going to be in the San Fransico area on the weekend of November 3 you should come and see the many opportunities. You can register for free here at http://www.wealthbuildersconference.com/
If you don't have the system yet you should!I have added a unbelievable new bonus! This bonus is unlike anything else out there and is worth more than the price of the entire system. If you would like to know what it is email me and I will be happy to let you know.
Well that's about it for now. I hope all of you are enjoying my Tips and tricks and other announcements.
Please feel free to post here and let me know what is going on in your investing world.
Happy Investing.
You can go home again:
In August I took my family back to my childhood home. My little sister just adopted a baby girl and we went to celebrate with their family. While there I had the opportunity to present my program at my old High School for some old and new friends. It was great to show everyone there how they to could control their financial future.
I Love New York-
First of all, in September I made my first trip ever to NY to speak for the Learning Annex. All I had ever heard from other speakers was how difficult New York audiences were to get through so i was a bit nervous. However, it was the exact opposite. They were great! Sure they didn't want any fluff, but that the way I like to give it anyway, so it was a great match.
Personally, going to New York was the fulfillment of a life long goal. Growing up in the theater world and as a performer, I had always wanted to go but never had. I stayed a few extra days so I could do the whole tourist thing. I saw as many shows as possible and spent all of my extra time seeing the sights. It was a great experience. So great that I can't wait to go back. I definitely won't wait as long this time.
New Event
Since coming home I have had so many requests to repeat my two day event in SLC that I have finally given in. I found the only open weekend that I had and have set the date for my event on November 30-December 1. I am working on adding even more information than last time. We are going to have a lot of fun. If you have not signed up to come yet, you should do so now!
http://www.realestatesubjectto.com/index.php?pr=Events
$199 for you and a partner! That's insane!
Back to the Beginning
I just got back from speaking at an event in LA for the Wealth Builders Conference. It was held at the Orange County Hyatt. I bring this up because just one year ago that was the hotel in which Robert Allen's Enlightened Wealth Institute named me their Coach of the Year for 2006. It was at that conference where I decided to create my Drop That Hammer system. What a difference a year makes!
If you are in or going to be in the San Fransico area on the weekend of November 3 you should come and see the many opportunities. You can register for free here at http://www.wealthbuildersconference.com/
If you don't have the system yet you should!I have added a unbelievable new bonus! This bonus is unlike anything else out there and is worth more than the price of the entire system. If you would like to know what it is email me and I will be happy to let you know.
Well that's about it for now. I hope all of you are enjoying my Tips and tricks and other announcements.
Please feel free to post here and let me know what is going on in your investing world.
Happy Investing.
Tuesday, August 7, 2007
LO gone, new one in- less than 3 weeks!
In early July my wife got a call from a neighbor of one of our LO rentals. He is a family friend and wanted to know why our leaser’s were leaving. This was a surprise to Shannon since they had not told us anything. She soon learned, by going over to the house, that the husband was forced into early retirement and that they had decided to move to a smaller home in a different city, giving up their option deposit ($7500) and monthly down payment assistance ($2000). They felt they would just send us a letter after they had left. Of course it was the 6th of the month and they had yet to pay their payment. Although surprised at this move, we were more disappointed in their behavior. If they would have just told us the situation we would have worked with them. They had to spend money on moving vans, deposits and new rent when they could have just called us and we would have worked something out. Now we were stuck in the position of getting a new LO or renter in there ASAP.
We could have been concerned about that prospect, seeing that rentals are all over the place here. However, we focused on the great value we would be creating for anyone we put in there. We did the normal putting up a sign in the from yard. Then we did what to many forget to do, told everyone about our place. We let the neighbors know. We told our family members, we told people at church. literally opened our mouths.
Less than three weeks later we had our first potential client. A neighbors’ brother moving in from Chicago. We were willing to take a bit of a negative cash flow on the property since we had made about 20K from our last optionees. Unfortunately, that person thought we were desperate to get it rented and as and attorney, tried to control our terms and fees. (HINT- NEVER let the renter/ optionee control your terms. You should always stay in control. Even if you are desperate to get it rented out, you will pay for it in the end.) So we let that one go.
THE SAME DAY, within an hour we had a referral from another source. This person was willing to pay more; still giving us negative cash flow, but really WANTED the house.
Not an hour later, I called a family friend who has been able to get me cheep refrigerators in the past; she told me that she was just talking about me that morning, wondering if I had any of my houses open because she wanted a place. She could pay enough to cover my payment and a little cash flow with a 5K down payment.
So in less than three weeks I had leased out the place and had a back up. (We took the cash flow family and are looking for a new home to buy for the other)
The point is not to brag but to remind you that sometimes we get so focused on marketing through signs or adds that we forget the most important type of marketing WOM- word of mouth. Don't panic, or get desperate, get talking. Put it out there and it will come back to you.
Happy Investing.
We could have been concerned about that prospect, seeing that rentals are all over the place here. However, we focused on the great value we would be creating for anyone we put in there. We did the normal putting up a sign in the from yard. Then we did what to many forget to do, told everyone about our place. We let the neighbors know. We told our family members, we told people at church. literally opened our mouths.
Less than three weeks later we had our first potential client. A neighbors’ brother moving in from Chicago. We were willing to take a bit of a negative cash flow on the property since we had made about 20K from our last optionees. Unfortunately, that person thought we were desperate to get it rented and as and attorney, tried to control our terms and fees. (HINT- NEVER let the renter/ optionee control your terms. You should always stay in control. Even if you are desperate to get it rented out, you will pay for it in the end.) So we let that one go.
THE SAME DAY, within an hour we had a referral from another source. This person was willing to pay more; still giving us negative cash flow, but really WANTED the house.
Not an hour later, I called a family friend who has been able to get me cheep refrigerators in the past; she told me that she was just talking about me that morning, wondering if I had any of my houses open because she wanted a place. She could pay enough to cover my payment and a little cash flow with a 5K down payment.
So in less than three weeks I had leased out the place and had a back up. (We took the cash flow family and are looking for a new home to buy for the other)
The point is not to brag but to remind you that sometimes we get so focused on marketing through signs or adds that we forget the most important type of marketing WOM- word of mouth. Don't panic, or get desperate, get talking. Put it out there and it will come back to you.
Happy Investing.
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