GETTING QUALIFIED APPOINTMENTS
Tuesday, May 18
Based on my experience and talking to other investors, right now is the most difficult time to get a qualified appointment. For our team, a qualified appointment is property that fits our criteria, there is a problem to solve with the decision maker, AND within $30-50k per unit price range. By p...
HOW TO ESTIMATE REHAB COST
Wednesday, May 12
When I first started investing in real estate my biggest concern was estimating rehab cost. I was concerned because rehab cost has so many moving parts and I thought the bigger the number the more likely I would have gotten finessed by a contractor. So my fears made me go into analysis paralysis ...
HOW TO CUT LEARNING CURVES
Tuesday, May 11
Most entrepreneurs fail because they stop growing. They stop growing because they stop learning. They stop learning because they don't surround themselves with people who are further along their journey than they are. For example , I was struggling in two areas of my business recently : 1. Pullin...
YOU MUST STICK TO YOUR CRITERIA IN TODAY'S REAL ESTATE MARKET
Thursday, April 08
The pandemic, inflation, and uncertainty has caused assets including real estate inflated. I feel like the sexy thing to do in 2021 is to be a real estate investor. Combine that with low interest rates and low inventory (soaring prices) is causing people who have no business in real estate to ent...
USE YOUR NUMBERS TO MAKE PIVOTS
Monday, April 05
One thing I have improved on is keeping track of my racks outbound calls, contacts made, and decision makers reached . We know that it takes 1,000 calls to get 1 LOI tom motivated seller and it takes 8-12 calls to close a deal on an apartment deal. After tracking our stats I noticed we are avera...
I 10X RULED MY GOALS
Monday, March 29
I write my goals down when I wake up, before bed, and whenever I feel disappointed. One of the goals I used to write down was , " I own 1,000 rental units that make 12% ROI and 15-20% IRR." However, I experienced in my life time that we never really reach our big goals but we always fall just s...