what learned from Kobe Bryant's leadership style and focus
Tuesday, January 26
In the last couple of days I have been watching a lot Kobe Bryant highlights.He was a basketball player and I am a real estate investor. I was surprised to see the things we had in common, things we are different in, and things that I copied from him. Here's a few things that crossed my mind: ...
PROJECTED NUMBERS VS ACTUAL NUMBERS
Friday, January 22
I learned something new this week. When we analyze deals our projections won't be the same as "actual numbers". For example, when we run our projections we might run our numbers to have 5% repairs and the property cash flowing $100-200 a month. What new investors don't understand is that these nu...
THIS IS MY WHY TO WORK EVERYDAY
Saturday, January 16
Sometimes I don't feel like working , but I remember that there is a kid in humble beginnings watching. What message would I be sending if I didn't work today? That is the thought that gets me out of bed and get to work looking for my next deal on the days I don't feel like working. I think of Mi...
going the extra mile to skip trace
Friday, January 15
Today marks the last day of week 6 of 13 of our campaign. I found that we talked to 30% of the decision makers in our list. Our goal is to talk to 75% of the owners by the end of next month. In real estate we are so dependent to the accuracy of our sellers list. Remember that the harder it is t...
money follows attention
Thursday, January 14
Even if you have millions of dollars to invest in a deal you will eventually need investors to invest in your next deals because capital goes fast in real estate. Don't wait when you need money for you to start asking for money. People do business with who they know and like. This is why I am get...
you need to be firm as a business owner
Tuesday, January 12
I'm all about helping people and being understanding. If people in the team make a mistake I'll give them encouragement and a chance to fix the problem. My issue comes when mistakes are repeated and it costs me money. Anybody can get replaced. The hardest part about business is making tough decis...