building a legacy one property at a time

"The creation and maintaining of one's own Legacy should consume your every waking hour."  Bill Clinton

What does real estate investing have to do with building a legacy?  For me, everything.  I believe now is the time to invest in real estate, maybe the best period in recent history.  But how do we acquire and profit without taking total advantage of the seller.  That is the challenge.  If I succeed, and can pass along a true win-win manifesto to my children, this will be my legacy.

My goal as an investor is to make a little money, have some fun, and do a little good.  And I have huge aspirations, as do most passionate investors.  I believe I can differentiate myself from my competition, and I will share more details with you about that later.

My criteria for every project:

1.  Can I make a little money?
2.  Have I considered all necessary contingencies and exit strategies?
3.  If I don't make my target profit, can I learn something in the process?
4.  Does the project benefit someone besides me or my partners?

If I can't say yes to #4, then I need to find more ways to make the deal a true win-win, or find another means to benefit the seller directly besides cash.  And a last measure of a go/no-go on a deal - never let profit margin prevent doing the right thing.

Regarding my aspirations, my personal measure of success is as follows - if I conduct all my business this way, teach my children the value of both entrepreneurship and philanthropy, that will be my legacy.

"Few will have the greatness to bend history itself, but each one of us can work to change a small portion of events, and in the total of all those acts will be written the history of this generation."  Robert F. Kennedy


Bill