All Forum Posts by: Meghan McCallum

@John Casmon you really did a great job breaking down the micro data and separating it from macro data. This is why you should always have at least one team member or partner in an area you are investing in who knows the REAL data.

When I started real estate investing full-time it seemed to me like everyone was pushing how there are somethings that everyone agrees on. "You need to systematize and do things all in the same way" or "Househacking is the way to get started". But, are there truly ANY Golden Rules in REI?

What a hot little thread. I love the contention.

Mindy, I'm happy to be any help I can be for you or your friend in my Midwest! Can ya tell us more? Hubzu? Auction.com which has since become something else...

Chicago is NOT declining...last number I heard was 55 cranes actively building in Chicago. Vacancy rate remains low. The south side is rip roaring hot along with some of the fringe west side neighborhoods. The trend seems to be a small exodus from the southside in poorer neighborhoods to the burbs because of schools being shut down and the gentrification (I'm sorry...there's a whole foods in Englewood....IN ENGLEWOOD!!!!!) This leads me to see growth and a greater urban spread of development. 

@Gary Weg Are you trying to sell it now to cash out on appreciation, in say, the form of a 1031 exchange? Well, then yes. You can take your education and experience from the first one into another that is larger and more profitable. However, if you are still feeling like a wet dog after the last hosing you took then look for a partner that has been successful in the past. That's one of my go to answers really for most issues people have in real estate. It helps hedge your risk and you get to capitalize on their KSA's for my gov't brethren (Knowledge, Skills, and Abilities). Now, in ALL business relationships (including marriage) get a pre-nup! 

Ha, is sounds silly but you really want to be sure you work out all the "what if's" before you get to them...at least give it your best effort. Trust me, you want to talk about how to best be fair before something comes up.

Elizabeth!!!! This IS a tough one! Building a team is letting go of control...BUT...you can hedge some of that risk when you take the role of manager VERY seriously!!!

Its like training a puppy. Clear communication. Clear repercussions. and Consistency.

Much easier to answer than to do!

Will we be seeing you at the Midwest Networking Summit!?

What is the hardest question you have in regards to things that have scared you out of a deal? What has stopped you from taking a risk? What has stopped you from growing your portfolio, jumping into a large deal, or what is the mental anguish you just can't seem to shake? I'm setting out to solve these issues and problems for you. A strong mental game is THE GREATEST WEAPON when it comes to being successful in REI. So, hit me with your toughest and most vulnerable questions. Trust me, no one gets it right! If you aren't failing somewhere in this industry then you are bound to fail BIG. Its like riding a motorcycle...its not will you crash...its more a question of when, how, and were you trained and prepared to survive?

@J. Martin ARE THE RUMORS TRUE?! Will you be making an appearance speaking w me about investor psychology??

Guys, if you have a question you want answered about investor psychology, mindset, or a problem/concern/fear/sticking point head below and enter what it is. We are here to help you ACHIEVE!

 http://www.midwestresummit.com/investor-psychology...

John, I want to talk about you for an hour and 15 min though!!!