BLOG Man, are we seeing some interesting market conditions in residential real estate right now. First there’s an inventory problem. There were only about half as many houses listed for sale in February 2021 as there were in February 2020. That means prices are up and houses don’t stay on the market for long. In really hot markets, houses are getting multiple offers above the asking price. With lower inventory, Read More
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Attitude Zig Ziglar, the famous author and motivational speaker, said one of the most profound things I’ve ever heard, and it stuck with me ever since the first time I heard it. He said, “Your attitude, not your aptitude, determines your altitude.” Lots of people have loads of intelligence but don’t have the right attitude. After training thousands of students, I’ve noticed that the ones who succeed the most are Read More
  Categories : Education  Comments Off on Attitude There’s no way anyone could have predicted how America’s real estate industry would be impacted by a microscopic virus from the other side of the globe. But the lives we lead today are vastly different than how we lived just one year ago. To many people, the pandemic has been devastating. They’ve lost loved ones, as well their source of income to put food on the table and house Read More
  Categories : Education  Comments Off on Introducing Moneyball 2: The Covid Edition   Most real estate investors are familiar with the famous “Three Ts” of real estate. These are the biggest headaches landlords have to deal with: Tenants, taxes, and toilets. But I’d like to propose that these Three Ts add up to the BIG T. What’s the Big T? Tolerance! A landlord can only tolerate so much hassle from tenants, taxes, and toilets until they decide they can’t put up Read More
  Categories : Education  Comments Off on #1 Source of Long Term Capital   Back in 2008, the real estate industry went down the tubes, and it stayed there through 2009 and 2010. Prices kept dropping, and things got worse and worse. During those years, I had conversation after conversation with other real estate investors, and the question everybody kept asking was, “How bad is it going to get?” One of the reasons investors were so blindsided by the crash of 2008 Read More
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