If you\u2019re not getting good deals, you don\u2019t have enough leads – you need more marketing.<\/p>\n
Working too long on one \u201cdeal\u201d trying to force it to work means it\u2019s not a deal and you\u2019re still working on it because you don\u2019t have enough leads.<\/p>\n
Marketing is not an expense, it\u2019s an investment.<\/p>\n
Set up your real estate investment entities (LLC, S-Corp, etc.) early in your career to best protect you and your investments as well as to prepare yourself to take advantage of all the many tax benefits real estate offers.<\/p>\n
It\u2019s not how much money you make that matters, it\u2019s how much money you keep.<\/p>\n
Don\u2019t let friends, family, or co-workers talk you out of real estate investing unless they have more money than they know what to do with. If that\u2019s the case, do what they\u2019re doing.<\/p>\n
Free contracts are worth what you pay for them. Have your contracts approved by an attorney who will defend them in court. If you have to ask why, you\u2019re new to the business.<\/p>\n
If you own real estate, it\u2019s not a matter of \u201cif\u201d you go to court, it\u2019s only a matter of \u201cwhen\u201d.<\/p>\n
Inspections<\/a> are not an expense, they\u2019re an investment. We have spent money to repair hidden problems that an inspection would have uncovered.<\/p>\n If a contractor needs a draw advance to buy more materials for your job, you can be pretty sure they\u2019re using the money to buy materials for another job.<\/p>\n You will pay for eduction, either ahead of time from a mentor or by the mistakes you make as you go through the process.<\/p>\n When negotiating, spend more time listening than talking.<\/p>\n When negotiating a purchase, never think for the seller.<\/p>\n We\u2019re in the problem solving business. Find out what your customer needs, then craft a solution to their problem.<\/p>\n