Today I want to talk about something that will change your business, and that is adopting the mindset of an entrepreneur.
Adopting the mindset of an entrepreneur means you must let go of the employee mindset, and that can be easier said than done. Our brains become accustomed to performing in a certain way. It’s not easy to tell it, “Hey, I’m done with the old way of doing things; this is the new way”. But that’s exactly what we need to do to make big sweeping changes.
People have definite opinions about whether they would rather live in the city VS the suburbs when they are buying their personal home, but that's not the only time. Investors also have strong preferences when they are buying investment property.
Part of this comes from where each of our “comfort zones” lies, but another part of it comes from where we find the most value or the most demand in our investment property. I have a guest post for you today from Ashley Lipman that takes a look at living in the city VS the suburbs.
I would love to know your opinion. Where do you prefer to live? Is it the same or different from where you invest?
Mitch Stephen is back for another show, and today the topic is money. Specifically we are going to talk about three types of money you can earn in your real estate business: one time money, temporary money and forever money.
There is definitely a place for all 3 when it comes to building a profitable real estate investing business.
I have a wholesale case study for you today. I love doing case studies, because you have the opportunity to learn from someone else's success (or failure). In this case, we are definitely talking about success. Chicago investor Kevin Fourte was a student in my probate course Probate Investing Simplified. I have gotten to know him and also learn about his real estate investing business.
In today's show Kevin shares the details of one of his most recent wholesale deals. Kevin owns several businesses, and his real estate business is just one of them. Real estate provides him with a very lucrative stream of income.
Whenever you have the chance to learn from a case study, it's definitely worth the investment of your time.
Here's the Video Interview – Wholesaling Case Study with Kevin Fourte
You Can Listen to the Podcast Here – Wholesaling Case Study with Kevin Fourte
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I always like having my friend Mitch Stephen on my podcast, and today is no different. One question I get all the time is about hiring an acquisition manager. I knew that Mitch has extensive experience with this particular process so having him on the show was a real no-brainer.
People want to know things like: When should you hire one, and once you make the decision to hire an acquisition manager, what do you look for in that person? We're also going to dive into seller financing in this show and a whole lot more.
San Antonio investor Mich Stephen has purchased more than 1500 houses. He is also the author of 3 books. I think it's safe to say he knows a thing or two. Read the rest of this entry →