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Resting Your Way to Success
August 3, 2015
What do world-class athletes and hyper-successful business owners have in common? Obsessions! Percentage-wise, very few “normal” humans can identify with being obsessed to be the best in the world or to wildly succeed. Yet, that is frequently the factor that reveals the ultra successes. Mike Wolfe, former assistant US attorney-turned professional ultra long-distance runner. We’re talking 50 – 100 mile races in mountains and through mud. He runs for the North Face Global Athletic Teams. He knows the thrill of victory, setting many world records and winning many races. Including Wyoming’s Bighorn 100 and the North Face Endurance Challenge Championship. But racing in 2012 in the Transvulcania Ultra marathon in the Canary islands, Wolfe’s body began shutting down and he came in a disappointing 13th place. He was the odds-on favorite to win. Wolfe, along with super athletes Alberto Salazar, Anna Frost, Anton Kurpicka, Geoff Roes, and Kyle Skaggs (all record-setters in ultra-marathoning) fell victim to an affliction referred to as OTS. A malady that affects athletes training at the outer edge of human performance. OTS stands for Over-Training Syndrome. David Nieman, former vice president of The American college of Sports Medicine said, “OTS is one of the scariest things I’ve ever seen in my 30-plus years of working with athletes. OTS is an acute exhaustion and “slow-poisoning of the nervous systems which could last weeks or even months.” These athletes had pushed themselves to a point at which their bodies and minds had simply stopped responding. We have seen similar meltdowns in the business world. The former head of American Apparel suffered from a business OTS. Multiple corporate executives and entrepreneurs, not knowing what to call it – midlife crisis, burn out, etc – suddenly find their Midas touch turn into a Midas curse. They lose respect from their peers, the trust of their boards, the confidence and loyalty of a spouse and too often the health set backs that force them into early retirement, or worse. They find themselves lost in a jungle of confusion and are forced into survival mode or into a self-destruction mode. Anytime a human is repetitiously training/working at the outer limits of human performance, there is risk of losing all the good that has been built to that point. It is at this “edge” where we find our greatest successes as well as our greatest tragedies. Simply over-stated, OTS occurs when a person pushes hard, and then pushes even harder, thinking that more is always better without allowing himself intervals of rest. Strategic downtime is critically important to long-term survival in the world of competition. And this includes business competition. I’m thinking of one of the most talented and multi-gifted professionals I’ve ever known. He was a mega-star in his field, but succumbed to OTS in his mid-thirties, collapsing and never recovering. When I asked a family member to explain, he said, “DJ wanted to run 100 mph through life, but he never learned to take a pit stop. He only knew how to race.” Jimmy Johnson, Dale Earnhardt, Jr, and their Nascar peers may excel at driving 200 miles per hour on the race track, but they won’t survive to race again if they drive that fast on America’s highways. They must learn to slow...
read moreHow to Flip A House – Phase 1 of 4 (Video)
July 17, 2015
One of the fastest ways to build a fortune in real estate is by flipping houses! I have spent the last decade flipping houses and have been very successful at it. Once you start flipping houses, the sky’s the limit! So what are you waiting for? Study my educational video library and start investing today! A seasoned investor with over 10 years in the industry, Andrew is a nationally recognized speaker and educator. His passion is helping people find their purpose and in 2013, he celebrated a groundbreaking strategic alliance with Home Depot, Inc. Andrew has flipped hundreds of homes in multiple states and tours the country sharing his vast wealth of knowledge with investors of all experience levels. Andrew loves to teach new investors how to flip a house and mentors a small, select group of student investors who have had great success applying his proven systems. Click here to watch the video! ...
read moreHow to Flip A House – Building Strategies (Video)
July 3, 2015
One of the fastest ways to build a fortune in real estate is by flipping houses! I have spent the last decade flipping houses and have been very successful at it. Once you start flipping houses, the sky’s the limit! So what are you waiting for? Study my educational video library and start investing today! A seasoned investor with over 10 years in the industry, Andrew is a nationally recognized speaker and educator. His passion is helping people find their purpose and in 2013, he celebrated a groundbreaking strategic alliance with Home Depot, Inc. Andrew has flipped hundreds of homes in multiple states and tours the country sharing his vast wealth of knowledge with investors of all experience levels. Andrew loves to teach new investors how to flip a house and mentors a small, select group of student investors who have had great success applying his proven systems. Click here to watch the video! ...
read moreWhat to Do with Investment Properties
July 1, 2015
Investment properties offer unique and diverse opportunities to produce income. Whether you are looking for a long term endeavor like a rental house or an apartment building, or you are looking to make a quick profit, there are investment properties out there for you. This article is going to deal with three different ways you can take advantage of these properties and the income they provide. These are all great strategies, but before taking a crack at one make sure that the strategy you choose fits the business model that you have in mind. Flip Them One of the most common ways to take advantage of one of your properties is to flip it. If you have already cut a deal and own the property, chances are you already have an idea of what the after repair value is. If you are good at running comps on your investment properties then you should know what all updates you need to make on a flip. Make sure you put effort into giving your investment properties the wow factors that they need to sell at their maximum after repair value. After you finish repairs and updates on the property, it is time to sell it. One of the best things about working with investment properties is the ability to sell through different avenues. The smartest way to sell one of your investment properties quickly is to list it with an agent. You could try to sell your investment properties yourself but you will probably pay more in holding costs that agent commissions. Wholesale Them Wholesaling investment properties requires a lot of the same resources that flipping does. You have to accurately be able to determine a property’s after repair value and buy the house at a low enough cost me turn a profit. Typically a professional wholesaler has a group of go to investors that they sell their investment properties to. As a wholesaler, you charge a finder’s fee. That is how you make money off of those investment properties. You always want to try and have a buyer lined up before you close your own deal. If you want to be a fast and efficient wholesaler you can do a double closing. This is where you close both deals in the same day, normally in the same room within a short period of time. This cuts your selling time by weeks. With the right resources and relationships an individual could make a pretty good living off of wholesaling investment properties. Rent your investment properties Renting out your investment properties is a great way to build up passive income and retire early. It is a bit complicated to get started, but once you get the ball rolling of your first rental property it’s easy to keep on going. Just like flipping and wholesaling, you need to purchase your investment properties at enough of a discount that you can charge a fair amount of rent and not struggle to payback your loan (if you are using a loan that is). Being a landlord requires you to be on top of your properties. You will need to be good at screening tenants and available in case any issues happen with the house. As long as you...
read moreQuestions about Getting Started at a National REIA
June 29, 2015
REIA stands for Real Estate Investor Association. REIAs can be found in every state and in almost every major city. The National REIA is made up of many of these smaller associations throughout the country. Roughly 40,000 members are represented by this national organization. In this article we will be taking an in depth look at the National REIA. We’ll be covering topics such as the benefits of joining, the concept and the purpose of the organization. What is the purpose of the National REIA? As with any REIA, the National REIA provides organization and stability to members. The National REIA’s main purpose is to “To advance and protect the industry of real estate investing while helping real estate investors prosper and add value to their lives and their communities.” While most local REIAs provide a level of protection through education, the National REIA takes protecting their members to the next step by protecting the integrity of the real estate investment business as a whole. The National REIA is also able to advance and influence the real estate investment industry because of its size and reach. It is the only real estate investor organization that spans from coast to coast. This makes it one of the greatest go-to places to keep up with legal policy and practices. What are the benefits of the National REIA? If you are familiar with Real Estate Investor Associations then you know there are countless benefits to being a member. REIAs pride themselves on their abilities to educate, support and promote. How can these help you? Joining a National REIA will get you access to priceless education from people who are extremely successful in the real estate industry. While you can learn a lot from reading and studying books. National REIA meetings feature top industry professionals who have already sorted through the proven methods to being successful and the “tire kicker” methods. While coursework is great, your best resources for education in the National REIA are your peers and speakers. The support you receive from the National REIA is amazing. To have a nationwide network of resources at your disposal is something that you don’t find very often. The National REIA is a big promoter of sharing knowledge and resources to help advance the industry as well as keep a higher standard of business among their members. With real estate investors from coast to coast helping one another, it’s no wonder why the industry’s best and brightest are National REIA members. Where should you start? Joining a local REIA should be the first order of business. Make sure that they are a part of the National REIA. Attend your local meetings and seminars and start using some of the tools available to you. The National REIA promotes regional events in every part of the country. The next step is to attend one of those. Make sure to take plenty of business cards, because you’ll be networking a lot. This is a great place to meet vendors and other real estate investors working in different markets. Events like National REIA sponsored regional events are perfect for grasping what it would take to expand your business. Next is the big step. Try to attend the National REIA mid-year conference....
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