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01 Oct 2015

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Not long ago i did a radio interview and that is a partial transcript from that conversation. Tell me what you think!

What is your better Real Estate Investing Advice? - Property to Buy Surrey

Don't stop. Never quit. Never give up. You're going to a hit a lot of open obstacles in this business - you are unable to let them stop you. Numerous investors get stopped by either ignorance or fear saying, "this is just too hard" - "real estate does not work for me" - "real estate does not work properly in my area." Chances are they'll get out! Don't do that. Find someone who can guide you through. It could be someone in your REIA, another investor, legal counsel, anyone successfully doing the pain you are trying to do. Do what it takes to find answers to questions. You don't have to know everything today; you learn with time. Take the time to figure it out - along with get stopped.

Name on big obstacle.

Legislation - laws change and sometimes investors don't know their state laws or say "our laws never let that" when actually they're blind to the laws. Legislation may say you cannot do something a specific way, however you can in fact do it yet another way. Again - learn, uncover, know - just aren't getting stopped.

Best book you've read

I prefer business books because we run a business. If you have greater than 2 properties, there is a business and need to help remedy it as such, as an alternative to like a hobby. An advantage of business books is that most business needs are exactly the same, 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 as a result.

My best ever personal growth experience probably originated in my worst ever life experiences. My three experiences were divorce and two extreme family health crises. Among the big things I learned within these was not to waste time - everyday is valuable, even the tough ones. Jim and that i are so so busy every single day, our days are so full, but we love to it because it's all productive, all this serves a purpose, it serves others, and our activity constantly moves us toward our goal. We do not have to be at our goal to relish life, just employed by it and making steps leads us tremendous joy. Don't sweat the tiny stuff because it actually is all small stuff over the life span - it really does pass as time is constantly on the march on. It's precious, don't waste it.

Generate an income tie that into property is by pointing out that, if you want to wait before you make an order, I promise that in five-years you'll be kicking yourself for waiting. Time is indeed precious.

Best success habit you practice

Not getting stopped. For that to happen, you must have a big enough "why?" You'll want a big enough reason to be doing this business - and your reason's gonna change. Beginning, our reason for marketing ebay was to provide for retirement (and of course I wanted to get to that at some point). Eventually, as we did start to have income to arrive for today, our reason had been a better lifestyle for ourselves and our family together with being able to give more, which feels really good. Now our reason is usually to leave financial prosperity to your children and grandchildren

Cheapest price you've done

Our mountain house. About the time we started e-commerce, we also bought a pleasant house in our gorgeous New york mountains. As it turns out, we only happened to buy it with private money because Jim was golfing which has a friend one day and told him in regards to a house we were hoping to get in spite of crazy lending regulations. After they finished golfing, his friend turned to him and offered to fund the deal. (I was shocked and amazed he even had the money - we'd worked him and known him for many years. If we didn't have money, how did he???) Finding private cash is easier than you'd expect - all you have to do is discuss what you do...

But, the stage that this story is that this was 2005-2006 before the economy tanked. We bought your house 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 cash flow and, with our new company sucking up cash, we couldn't afford to maintain the mountain house. I was devastated, however... We agreed on a sales price, that we thought was high since i didn't want to sell. It sold quickly. We had to set the closing date into a time when we would bought it for 366 days. By holding it more than a year, we would have only long term capital gains to cope with. We made $100,000 profit after loving it for Yr. That was crazy huge money for people and we had super enjoyed the house and the mountains much better than free all that time. We poured every dime of profit into our investing business. This became another confirmation that real estate is an amazing approach to make huge money. - Property to Buy Surrey




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