31 October 2020 | 392 replies
Cognitive processing takes a lot of calories.

19 October 2020 | 153 replies
For example, we're all subject to various cognitive biases, or the systematic errors of our thinking process, such as confirmation bias, and learning for learning's sake is a great way to promote meta-cognition and think about our thinking.
23 November 2020 | 15 replies
Originally posted by @Stephen Spradley:@Mike McCarthy @JD MartinI ended up going with the skim coat method and am doing only one of the walls right now until I get a good technique down, then I’ll do the rest of the room.

9 July 2018 | 20 replies
I justified selling my house to buy two as using the stacking technique.

3 April 2020 | 5 replies
I can even generate importable tenant charges spreadsheets using that technique so I only have one spreadsheet of utility charges to import at the end of each month rather than doing them one by one.

9 April 2019 | 5 replies
If your intentions are to flip real estate - the only money you need is for advertising your controlled property (to find the deal and to liquidate it)- that should be no more than $2,000, maybe $100 consideration on your contract.......Unless you are going to go to settlement first and than flip the real estate paying unreasonable transaction costs.Do you have the needed skills to accomplish what you want to do -- like it or not - flipping houses has a bunch of moving parts -Power prospecting - where are you going to get your leadsNegotiating - do you know how to control propertiesHybrid offers and joint ventures with sellersUnderstanding contracts is important - will you use a long form or a skinny contractAssignment clauses - will your agreement have all the property and self-serving clauses in it.Built-in extensionsFind the assignee and closing the deal - do you know what the proper procedures are - will you collect your assignment fee in advance of closingAre you ready with the what if (s)the assignee backs out and wants his money backthe seller won't come to settlementthe seller wants out or wants more money - he is angry because you made too much moneythe title company will not cooperate because you don't have legal titleauction - will you flip your transaction using the auction methodan agent wants a feethe seller accuses you of operating as an agent without a license you run out of time on your contract, you are in default - the assignee wants to sue you for misrepresentation there is a fire before settlementyour forms; contracts - assignment - disclosures - required by law are not in order - can you defend your positionif you go into a deal and spend $5,000 and it won't close due to judgments the seller forgot to tell you about - what nowSorry for all the negative What if's........ but we are dealing with people - they are complicated sometimes - unreasonable - and litigious most of the time.So be aware - flipping houses, commercial properties, businesses with real estate and non-conforming real estate is not as easy as some would have you believe ---Money - is not the answer -------- systems - techniques - formulas - negotiations and education is!

26 February 2020 | 191 replies
(It is referred to as cognitive dissonance).

5 May 2020 | 162 replies
Have you considered creative financing techniques especially "subject to" or "owner/seller financing"?

29 April 2024 | 32 replies
That they are teaching the same technique.

11 July 2019 | 106 replies
Keep your retirement account separate from investing in real estate.Additionally, if I were you, I will figure out or learn the following:Learn how to acquire apartment buildings with as little cash as possible (there are many creative financing techniques)One of these creative financing techniques is doing owner financingIf you have good credit, explore getting a business line of creditSuccessful real estate investors or real estate investors who have survived the downturns of the real estate cycle are CONSERVATIVE investors and they are wise with their money.