On Sunday, January 18, 2014, we witnessed one of the most powerful forces in the universe: Belief! The Seattle Seahawks proved to the world how important it is to believe in your self, to be confident in your abilities, and to be convinced of a result nothing short of a win. They NEVER gave up despite the fact that the entire deck was stacked against them. It got so bad that with 3 minutes and 7 seconds left in the game, the Seahawks probability of a win was a paltry .10%! Yes, that’s 1/10 of 1%! But they persevered until the glorious end. Their fearless young leader, Russell Wilson, had ice running through his veins that night. He had thrown 4 interceptions already that day to an under-rated, un-drafted free agent receiver named Jermaine Kearse. But that did not shake his belief, his conviction, or his determination. He told the offensive coordinator that they’re gonna win that game and he’s gonna do it by throwing a touchdown to Kearse. As the game drifted into over-time, Wilson marched the offense straight down the field and in the final seconds, pitched a 35 yard perfectly thrown touchdown pass to win the NFC Championship for the second season in a row. While I’ve never played in the NFL, I can relate to the trials of defeat, or likely defeat, and then triumph against the odds. In a matter of months, the Great Recession took me from a million-dollar lifestyle to sleeping in my parent’s basement. Instead of throwing in the towel, like the Seahawks, I took the lessons that I learned at the end of the last real estate bubble and completely restructured both my personal life and my business investing strategies. But this was not just a story of success and failure; it is a story of triumph against the odds with a personal touch. I never gave up, I believed in myself and my abilities. Also, I trusted my Team members and co-workers. I lived by conviction and I refused to stay knocked down, and I won! “A business that makes nothing but money is a poor business.” -Henry Ford Click To Tweet Last year, I was another victim of the charlatan publisher, Andrew J. Waite. I’ll defer from mincing words here. The guy outright extorted me to advertise in his magazine! I spent literally ten’s of thousands of dollars attempting to keep this man at bay. He would constantly send me veiled threats that he could and would destroy my company and reputation in the real estate industry. However, his feeble attempts to destroy me have failed. I never gave up fighting for my company, for my reputation and for my family. I stayed determined and I stayed convicted. Additionally, I believed that the truth would prevail and it has! My point in sharing these...
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As a new real estate investor, nothing is more nerve racking than buying your first property. It’s taking that first big step down a new and exciting career path. I can tell you that once you get your first deal, you’ll only want to get more. However, before getting that deal, there are three major things to consider. These three factors are a very important part of planning what exactly you are going to do after buying your first property, and require careful consideration. 1. What is your end goal? Having a plan and goals are as important when buying your first property as it is for every property after that. However, the process when buying your first property sets the bar for all the ones that come after. Ask yourself “what do I want to accomplish“. Is there a certain amount of profit you want to make? Is there a specific date that you want your repairs to be done by? Maybe you just want everything to go smooth. Don’t worry about what the “latest and greatest” method or strategy is. Do your homework and figure out what goals fit your business model. Whatever goal you set now will help you how to deal with similar situations in the future. Without having any kind of end goal, you can’t put together the steps to achieve one. Creating an end goal lays the foundation for everything that comes after, like creating a strategy and putting your team together. Set an end goal Don’t worry about the latest and greatest Use your goal to develop steps to achieve that goal “Success is where preparation and opportunity meet.” -Bobby Unser Click To Tweet 2. Know your exit strategy! Before buying your first property, you need to have a goal in mind for the property. Before you make the offer, you need to set an expectation. Know your exit strategy! What do I mean by exit strategy? If you are going to take the time to repair the house and sell it after, your exit strategy is to flip and sell the house. If you are going to turn a quick profit on the house then don’t plan on any repairs, plan on wholesaling. Flipping and wholesaling would be your exit strategies. Both require different pricing and planning, but both are examples of exit strategies. In addition to a main strategy you’ll want a “ripcord” strategy. You’re buying your first property! It’s worth having an extra strategy. If your main strategy is to flip a house and sell it, and your house doesn’t sell, consider selling it at a deep discount your emergency strategy. Let’s say you want to fix your new property and rent it. Your “ripcord” strategy should be to sell it and move on to the next deal. Limit yourself to only two strategies and...
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In this video, Andrew shows you how to flip a house by executing the perfect system. For demolition, design and display in many different areas of the physical property. Andrew has spent the last decade showing investors of every experience level how to flip houses. Now you too can learn how to flip a house! Today you can expect to learn: How colors can dictate the atmosphere inside of your property Want to learn more about how to flip a house? Click here to view last week’s lesson! ...
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With the new year here and nearly one month already completed, I wanted to take a moment to discuss my companies goals for the new year. This year, I want my company and Team to keep our goals in view so we can hold ourselves accountable during this years journey. We suggest you do the same thing! Here’s what 2015 is looking like for the very near future at Andrew Cordle Inc: The 2015 iFlipuFlip real estate investor podcast- The iFlipuFlip Podcast was designed as a tool to help both novice and experienced real estate investors. Our goal is to bring top notch educational content and interviews to our listeners, without subjecting you to the non-stop pitch that is prevalent around this industry. What will you learn from the iFlipuFlip Podcast? 1. How to use social media to find deals 2. Learn how to find private money for your flips 3. How to structure your real estate deals 4. Where to buy rental properties 5. The best ways to flip houses Rehabbing is all the rage right now so take the next step in your real estate investing education – beginning in February 2015, download our weekly Wednesday iFlipuFlip podcast. Take your investing and your profits to the next level! Create a monthly newsletter for real estate investors – We are excited to announce our monthly newsletter beginning in February 2015! In our monthly newsletter, real estate investors will find information and links to our vast library of resources, upcoming events, and exclusive content that will enhance your business with the latest in real estate investing and development. Updated/redesigned Andrew Cordle Mobile Application – In spring of 2014, we were proud to launch the Andrew Cordle mobile application. Over 1000 real estate investors of every experience level have downloaded our application. One investor who we’ve discussed in past blogs is named Evans Stacker. To hear Evans story about how the AC mobile app changed his life and helped him with a successful flip, please visit “The Power of Andrew Cordle’s Mobile App – Evan’s Story” and read about his story. The Andrew Cordle mobile app is available for iPhone and Android platforms in the app stores. The AC mobile app is user-friendly & easy to download onto your mobile platform. Here’s a few advantages of the AC mobile app: – A great resource for real estate investor information including lenders, wholesalers, and local clubs – No sales! – Access to AC weekly blogs and v-logs – DIY (do-it-yourself) home improvement videos – “rehab” how-to videos – AC event announcements – One-stop real estate investor educational source – Articles focused on real estate investing and written by the best in the business – AC Company updates – ICOS and local REIA announcements – and much, much more! Launch the “Dollar-a-Day” Training Program –...
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