All Forum Posts by: Ethan Bowen

Greetings!

Last night at our REIA meeting a CPA that provided book keeping services said that the most common trait among her most successful clients was that they where all actively educating themselves.

For the benefit of everyone here and yourself, share 1 big thing that you learned this week along with 2 small, one sentence things.

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1. I learned about the "Reticular Activation System" and how it is an integral part of your brain that determines what information to send to your conscious mind. I wrote a post about it in my blog. You can read it here.

2. Educating you seller is an essential step in negotiating.

3. When wholesaling a deal, always provide to ways for the buyer to make prophet.

@Jerry W. What part of Wyoming do you invest in?

Welcome Michael, make sure to check out SLREIA and their luncheons. Great places to meet people.

@Darren Nichols 

Congrats man!!

Can you email me the packet? I'll see if I know anyone that would be interested.

@Josh Butler 

I'm afraid I'm like you my friend, I only know enough to know that there are other ways out there! For example you can look at alternative acquisition strategies like seller financing or lease/options (L/Os can be really risky though, cause you're kinda gambling with the seller on appreciation). There are other benefits to owning a rental property other than cash flow. For example, gaining equity, depreciation (would not be eligible if owner occupied), and appreciation. I would try looking at it from different angles.

The best thing I think would be to keep coming to SLREIA and UVREIA. You're going to meet a lot of experienced people that know the local market. Those are the people you want to be talking to.  I also have my preferred sources of education that I have invested in and can vouch for.

Just remember the difference between a novice investor and a skilled investor; novices investors find deals, but smart investors not only find deals but can also create deals.

This is what separates novice investors from experienced educated ones (I'm not saying that you are inexperienced!!). And what seams to be the funnest type of investing. It requires creativity. There is definitely a way to make prophet, surely everyone who owns a 4-plex in this area doesn't lose money.

@Cameron White 

PM and If you'd like I can show you some great areas to get started here in UT (local organizations).

Thank you for the reply Joe. I'm definitely considering using him in the future.

I made sure to review all of the guidelines before posting. Still don't know why it was removed. Is there a moderator that I could talk to?

I've noticed that the blog I posted earlier today is no longer under the "member blogs" section. It doesn't even show up in a search.

http://www.inwesttitle.com/office-locations/index.phtml