Personal Development

30-Second Trick to Double Your Success in Real Estate Investing

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Real Estate Investing Basics, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP
521 Articles Written
woman with victorious fist in air signifying accomplishment

Do you have a few seconds to spare? I’m betting you do, and this is definitely worth it!

Want more articles like this?

Create an account today to get BiggerPocket's best blog articles delivered to your inbox

Sign up for free

What if you could DOUBLE your chance of succeeding in real estate—and your odds of crushing any other goal—by doing just one simple thing?

Related: The #1 Key to Success According to a Self-Made Real Estate Billionaire

Is “Life Getting in the Way” of Accomplishing Tasks?

Often times, day-to-day things that seem urgent (but are actually far from it) prevent us from working toward big picture goals. But there’s an easy way to stop wasting so much time on mundane tasks in order to direct your energy to way more important things.

By taking just a few seconds to jot a couple of things down, you’re nearly twice as likely to actually do whatever it is you’re trying to do.

How do I know? Science! That’s right, studies have proven this super simple action is extremely effective.

So, carve a few seconds out of your day, start doing this now, and watch your productivity shoot up!

Have you tried this? Does it work? What other simple tricks have made you more productive or successful?

Give this video a thumbs up, and leave a comment below!

jQuery( document ).ready(function() { ga('send', 'event', 'New Member Funnels', 'Appeared', 'UBG Footer Blog Ad'); });

Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He began buying rental properties and flipping houses at age 21, discovering he didn’t need to work 40 years at a corporate job to have “the good life.” Today, with nearly 100 rental units and dozens of rehabs under his belt, he continues to invest in real estate while also showing others the power, and impact, of financial freedom. His writings have been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media. He is the author of The Book on Investing in Real Estate with No (and Low) Money Down, The Book on Rental Property Investing, and co-author of The Book on Managing Rental Properties, which he wrote alongside his wife, Heather, and How to Invest in Real Estate, which he wrote alongside Joshua Dorkin. A life-long adventurer, Brandon (along with Heather and daughter Rosie) splits his time between his home in Washington State and various destinations around the globe.

    Jerry W. Investor from Thermopolis, Wyoming
    Replied about 3 years ago
    Chris, Nice article on the various ways of exiting real estate investing or even for shifting your investing strategies. While Dodd/Frank has complicated owner financing it is still possible and all of the above strategies will still work. An owner financier should take the time to at least brush up on the exceptions available, and of course knowing the laws of the state where the property sits is very important.
    Chris Clothier Rental Property Investor from memphis, TN
    Replied about 3 years ago
    Thanks for reading Jerry! Great points about Dodd/Frank and good advice to stay up to date on your local and state laws. I appreciate your contributions. ~ Chris
    Jilly Whiting
    Replied about 3 years ago
    Can someone write an article on this! How to legally sell w/ owner financing these days. Would love to know!
    Chris Clothier Rental Property Investor from memphis, TN
    Replied about 3 years ago
    That’s a great request, Jilly. I, however, should probably let someone more versed in owner financing write that one! Hopefully, BP can send out a request and get that article added. Chris
    Matt Cyberski Investor from Chicago, Illinois
    Replied about 3 years ago
    Here it is! https://www.biggerpockets.com/renewsblog/2013/11/05/seller-financing/
    Krishna Patel
    Replied about 3 years ago
    Never, Buffet rule. Why sell when heirs gets it at up basis Enjoy cash flow for ever!
    Chris Clothier Rental Property Investor from memphis, TN
    Replied about 3 years ago
    Krishna, Thanks for reading and taking the time to leave a comment. I think many would agree with you. It just makes sense to hold a cash flowing positive property as long as it is, well, cash flowing! But what does an investor do when their options are declining? When they feel their backs are up against the wall? Hopefully, this article gave them a few ideas. Best ~ Chris
    Andy H. Investor from Stockdale , Texas
    Replied about 3 years ago
    Because your heirs may not want anything to do with owning rental properties and the headaches that sometimes come with them. This is actually a great opportunity for a younger investor to get into the game: Find the landlord who just wants/needs to get out and buy their properties.
    Thomas Rutkowski Financial Advisor from Boynton Beach, FL
    Replied about 3 years ago
    Number 1 is the best way to deal with the capital gains tax. The key to investing is to buy low and sell high. 1031 exchanges force you to turn around and buy high again. But you don’t have to accept installment payments for the term of the loan. I can think of a couple of innovative twists that you can put on this that will let you put a lump sum in your account AND defer the capital gains tax. This leaves you free to invest your money anywhere you like in order to maximize retirement income. If interested in learning more, please contact me privately so as to not take this thread off in a wholly different direction.
    Larry
    Replied about 3 years ago
    I am 76 and need to start thinking about the inevitable. I want to learn more about ways to keep more or passing more onto heirs after taxes. #1 Can the heirs depreciate real estate that I have already depreciated (new basis)? #2 What is the 29% or ? where you need to pay capital gains on the entire sale even that not yet received? #3 How do I best reduce my net worth to a point where I qualify for different old age programs such as assisted living etc. Like everyone I want to give uncle Sam the very least that can still be considered somewhat legal. Any tips will be totally confidential.
    Katie Rogers from Santa Barbara, California
    Replied 5 months ago
    Lose the “this weird trick to lose belly fat” approach and I might give the podcast a listen. I would even be more inclined to listen without any tease at all. Just tell us what the “trick” is and we can listen to the elaboration on the podcast.
    Jason Verge
    Replied 5 months ago
    I must say that this is one thing I do on a semi-regular basis. Quite often I make a list in the evening of the next days priorities and also for the week. I am 100% more efficient when I work off the list and always seem to accomplish more than expected. Also apply the same concept to setting reachable longer term goals and then setting new ones. Hope it works just as well for everyone else.