Yesterday we touched on some criteria you should have for your investments and that we here at the RESA focus on keeping you in the box. One of those reasons was because the instructions for your success are IN the box.
One thing we do not want you to misinterpret is thinking we don't want you to think outside the box. Being creative in this industry is critical and necessary, especially in the market we are in now. However, when it comes to becoming financially free through real estate there are a few rules you need to follow when getting into any deal.
We talked yesterday about a deal being quantifiable.
The second part of the BOX you need to look at when it comes to a possible investment is your investment needs to be predictable. A lot of people ask me,
“Predictable and quantifiable, isn’t that the same thing?” Not really. What
I mean by predictable is that you can predict the future based on what your
numbers should be. Based on how you quantify things, you can predict
where things may end up. Again, predictability is key to any investment.
In other words, if you’re going to buy a property – say you’re going to flip
a property (fix it up and sell it for a profit) – you can use what you’ve
learned here to quantify it, to predict time tables; thus, you’ll predict how
soon that profit is going to come. And with that time table, you’ll then
predict your true rate of return on your investment over a one-year period.
Now you have two sides to the box. Tomorrow we will continue with the third and very critical side.
Tuesday, January 6, 2009
Monday, January 5, 2009
Think inside the box!
One of the key things we’re going to talk about is a concept called The Box. I really love The Box. The Box is something totally different. Chances are you haven’t heard about it before, but you’ve wanted to be in it your entire life. The Box is all about security.
Everyone wants to take risks (whether you realize it or not). You take risks
whenever you invest – whether it’s real estate, the stock market, or any
other type of investment. By applying the principles of The Box, you can
safeguard yourself against things that could make you lose money, or push
you into places that you shouldn’t go – thus, the security. So, we’re here
to say, “Think inside The Box.”
I’m going to teach you about the principle of The Box and proceed from
there. As you listen to what we teach about real estate, think about the
principles of The Box and ask yourself how these principles can apply to
you and your investments. We will come back to The Box at the end of the
course and show you, using The Box, how you can make millions of
dollars... but only if you follow the rules we teach and illustrate here.
First, let’s talk about how to think inside The Box – not “outside the box”,
as we’ve been taught the last two decades, but inside The Box. Granted,
thinking outside the box does help you to come up with new ideas, but
when investing in real estate, I want you to think “inside The Box” for your
protection.
Each of your real estate investments must meet the four laws and
principles that define The Box:
1. Quantifiable (Profitable)
2. Predictable
3. Sustainable
4. Replicable
First, The Box is all about having investments that are quantifiable, meaning
they can be measured. You need to be able to measure whether or not an
investment is going to be profitable. If the investment is not profitable you
don’t want to do it, nor waste your time and effort with it. Also, you need
to be able to measure your costs, what your rate of return or your return on
investment (ROI) is going to be. So, it needs to be quantifiable. If any
investment is not quantifiable, you can automatically throw it out.
Our next entry will discuss #2 principle- Predictable.
If you are interested in coming to a free preview event of the RES academy please visit RES Academy.com
Everyone wants to take risks (whether you realize it or not). You take risks
whenever you invest – whether it’s real estate, the stock market, or any
other type of investment. By applying the principles of The Box, you can
safeguard yourself against things that could make you lose money, or push
you into places that you shouldn’t go – thus, the security. So, we’re here
to say, “Think inside The Box.”
I’m going to teach you about the principle of The Box and proceed from
there. As you listen to what we teach about real estate, think about the
principles of The Box and ask yourself how these principles can apply to
you and your investments. We will come back to The Box at the end of the
course and show you, using The Box, how you can make millions of
dollars... but only if you follow the rules we teach and illustrate here.
First, let’s talk about how to think inside The Box – not “outside the box”,
as we’ve been taught the last two decades, but inside The Box. Granted,
thinking outside the box does help you to come up with new ideas, but
when investing in real estate, I want you to think “inside The Box” for your
protection.
Each of your real estate investments must meet the four laws and
principles that define The Box:
1. Quantifiable (Profitable)
2. Predictable
3. Sustainable
4. Replicable
First, The Box is all about having investments that are quantifiable, meaning
they can be measured. You need to be able to measure whether or not an
investment is going to be profitable. If the investment is not profitable you
don’t want to do it, nor waste your time and effort with it. Also, you need
to be able to measure your costs, what your rate of return or your return on
investment (ROI) is going to be. So, it needs to be quantifiable. If any
investment is not quantifiable, you can automatically throw it out.
Our next entry will discuss #2 principle- Predictable.
If you are interested in coming to a free preview event of the RES academy please visit RES Academy.com
Friday, December 12, 2008
Which GURU is for you?
While there is a lot of great and valuable information out there on how to get started in real estate investing, there are some that just don't always deliver what they promised.
Before placing down your thousands of dollars for a program, ask around. go on the internet and find out what the reviews of the information are.
****Warning****
You are always going to find negative reviews on someone. I even have a few from my program. No "Guru" is going to be able to please everyone. You would be shocked at the amount of people who pay thousands of dollars and never do anything except go to a class or two, put out a few signs and then get upset when they are not millionaires overnight.
However, ask around at your local real estate investment club. Find out what you can about the education provided. How well the companies support system is. How many "back end" courses there are besides the lead in package? Can you buy specific courses or do you need to buy the whole sha-bang? Is there a time limit on how long you have to take the courses you signed up for.
One of the most important things you need to realize is that all the courses generally teach the same things. There are very few NEW real estate strategies out there and if they are new they are only new for a few months before someone else starts teaching it as well. It's the voice you are buying.
My first set of education cost me about $40K. It was a Ron LeGrand seminar package and I am very happy I did. I have lifetime access to the courses and am able to pick and choose when and were I want to go. I enjoyed the way he taught and have always gotten a ton of value from his events.
Do your homework and find who best speaks to you. Then be willing and ready to do the work!
Before placing down your thousands of dollars for a program, ask around. go on the internet and find out what the reviews of the information are.
****Warning****
You are always going to find negative reviews on someone. I even have a few from my program. No "Guru" is going to be able to please everyone. You would be shocked at the amount of people who pay thousands of dollars and never do anything except go to a class or two, put out a few signs and then get upset when they are not millionaires overnight.
However, ask around at your local real estate investment club. Find out what you can about the education provided. How well the companies support system is. How many "back end" courses there are besides the lead in package? Can you buy specific courses or do you need to buy the whole sha-bang? Is there a time limit on how long you have to take the courses you signed up for.
One of the most important things you need to realize is that all the courses generally teach the same things. There are very few NEW real estate strategies out there and if they are new they are only new for a few months before someone else starts teaching it as well. It's the voice you are buying.
My first set of education cost me about $40K. It was a Ron LeGrand seminar package and I am very happy I did. I have lifetime access to the courses and am able to pick and choose when and were I want to go. I enjoyed the way he taught and have always gotten a ton of value from his events.
Do your homework and find who best speaks to you. Then be willing and ready to do the work!
Thursday, December 11, 2008
Great RES Academy event
We had a great real estate training event last week. Aaron Haaga did an amazing job showing people how to create solid financial freedom through real estate. Best of all it was all focused on the local market here in Salt Lake.
To often we get "Guru's" like Robert Allen, Ron LeGrand, Robert Kiyosaki and Donald Trump come through our city who know nothing other than "Googled" stats on our market. When it comes to knowing which cities you want to invest in here in UT, Real estate Stratigies Academy is the best.
I am excited to watch the Academy grow and truly help people in their investing future.
Keep on the lookout for the next seminar.
BTW- I forgot to mention the three days was totally free. So much information and the only admission price was showing up. I'm really excited about working with these guys.
To often we get "Guru's" like Robert Allen, Ron LeGrand, Robert Kiyosaki and Donald Trump come through our city who know nothing other than "Googled" stats on our market. When it comes to knowing which cities you want to invest in here in UT, Real estate Stratigies Academy is the best.
I am excited to watch the Academy grow and truly help people in their investing future.
Keep on the lookout for the next seminar.
BTW- I forgot to mention the three days was totally free. So much information and the only admission price was showing up. I'm really excited about working with these guys.
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