As our Finding Funding journey comes to a close, I wanted to do a brief recap of the previous article discussions. Over the past several weeks, we’ve discussed several different funding avenues for real estate investors. As we end this series, I wanted to recap the different avenues of funding and where one can locate these lenders or lending options. Remember this important reminder: it’s critical that whatever information you bring to the potential lender is legit. Whatever it is that you can do to separate yourself from the competition, DO IT! So, where does one find all of these lending options? Hard Money Lenders – HML: Visit my website at www.andrewcordle.com/lender where my team spent countless hours locating and listing lenders in every single state. Our list of lenders is the most comprehensive list on the web that’s freely available for all real estate investors. Cash/Credit Card: This is established monies you already have or credit that you’ve built previously. If your credit score is a downfall, there are several companies out there that specialize in helping. They help both repair your credit and open doors to future lending options. For the best in the business, visit Pathway Financial at https://www.pathwayfinancial.org/ or by calling 1-877-72-FUNDS. Private Money Lenders – PML: As we discussed in previous blogs, PML’s are tricky to find. They’re usually people who are in your immediate circle of influence. Self-directed IRA/401k – SDIRA: There are many nationwide and local IRA/401k companies in your area. Research these companies as they often have local events where investors become clients or just to rub elbows, network, and build bridges with other investors of like-mind. As I type this article, my team and I are preparing to sponsor the 2014 Equity University Networking Conference in Orlando, FL, hosted by Equity Trust. I’m spending thousands of dollars to sponsor and attend this annual event in order to network. Maybe we’ll see you there next year?! Joint Venture Agreements – JVA: JVA’s are very popular and can be found in your circles of influence, local REIAs, business networking events, Meetup groups, etc. If you were looking for money, instead of attending events for rehabbers, wouldn’t it be wiser to do as I’ve done in the past and attend events for lenders? If there’s one hundred rehabbers and only one lender, the odds are in the lenders favor and they can be as selective as they want. However, if you attend a lending event where there are one hundred lenders and only a handful of rehabbers, who’s odds are favored now? Do you see my point? This is how I find such great lending opportunities. This October, I will be sponsoring another event just to locate more joint venture opportunities. I’ve attended these events for years and have purchased well over $5 million dollars in...
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“Whenever you want to achieve something, keep your eyes open, concentrate and make sure you know exactly what it is you want. No one can hit their target with their eyes closed.” – Paulo Coelho I relish professional sports! I’m sure you have your favorites, me too! Here are a few of my favorite athletes/coaches from both the present and the past. Russell Wilson & Pete Carroll (NFL), Joe Giardia & Kevin Trout (MLB), Chael Sonnen & Georges St. Pierre (UFC), Nick Sabin (SEC), Bubba Watson & Jack Nicklaus (PGA). Each of these men are great examples of accomplishment and were great representatives of their sport. However, in my opinion, the all-time best athlete for any sport is the PGA’s Jack Nicklaus. He holds the record for the most major tournament wins. I loved the way he would handle the extreme pressure on that week’s course and engineer his success. To this day, he remains a great ambassador for golf at all levels. I recall once watching Nicklaus on television competing in a tournament. It was his last stroke, on the 18th hole, on the final day of the tournament. If he made the putt he would win the tournament. The television cameras followed his every move on the green as he meticulously read the slant and the condition of the putting surface. Finally, he took his stance and lined-up his putter. The cameraman zeroed-in on his golf ball. I anxiously watched for Nicklaus to wait until the fly moved off of his ball. To the contrary, he smoothly drew back the club and firmly stroked the ball and sank the putt for the win! He kept his attention focused! The post-game interviewer was obviously eager to speak with Jack Nicklaus after another amazing win. After congratulating him, the interviewer asked the question that everyone fan at home wanted to ask: “Didn’t that fly disturb you? How did you sink that putt with that distraction?” Nicklaus’ response was pure genius! He replied, “I didn’t come to this tournament to chase flies; I came to play golf and win!” By understanding the simple eloquence of that response, it’s easy to grasp our next Step to Sure Success: “Focused Attention.” If you remain able and willing to say “no” to any and every distraction that clamors for your attention and keep your attention focused, you will be successful. Knowing your strengths will help you stay focused. It can also encourage you to seek help in order to further develop areas in which help is required. Many of our hidden strengths are under-developed and additional education and mentoring have the ability to boost one’s potential. Like a golfer getting lessons under the watchful eye of a great swing coach, your talents can be developed into greatness! Perhaps another name for this step could be “Burn...
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In this video, Andrew explains the advantages of granite counter-tops. Don’t cut corners in your kitchen – deliver that “WOW” factor with granite counter-tops. This is a huge selling feature. Andrew always installs quality granite counter-tops in all of his “flips!” ...
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“It’s like a cast of actors; you’re all working together closely under pressure to produce something everyday. And when we put up an issue, it’s like the curtains opening on a new play. I really like that daily sense of surprise.” – David Talbot The Sochi Winter Olympics recently came to a close. Every two years, I find that special stream of patriotism rise as I cheer for our American athletes watching them compete with the best of the best on the world’s platform. When I recall the Olympics, specifically the summer games, I often envision the weight lifting competition. There are a multitude of special events, but the “snatch” and the “clean and jerk” require the lifter to pick-up the barbell from the ground and push it over their head, keeping it under control for a specified time determined by the rules. A buzzer then sounds when the time has expired. While the lifter is holding the weight in the air, he is “under the pressure.” To stay “under the pressure” is to be patient, waiting for the judges to sound the buzzer. The judges are watching to see if the lifter maintains control while “under the pressure.” That pressure can expose bad technique, weakness in the body, or loss of self-control. No one in business, or sports for that matter, disputes the fact that they are always in stiff competition and that competition can get pretty cut-throat! Just ask Olympic skater Nancy Kerrigan about nasty competitors! As you may recall, she was the female skater from the 1994 Winter Olympic Games who had her knee smashed severely by a member of her competitors team. Even more disturbing, they were both on Team USA! Ouch! But weightlifting is a personal competition. Sure, one is competing against the others, but the event itself is a solo performance; just you and the weight. If your competitor wins, it wasn’t because of their preventing you from winning; it was because you were not as strong, your technique was weak, or you just couldn’t handle the pressure! Forget about what your competition is lifting! Rather, focus on your event – your business – your team – your opportunity to win with what you do have. Don’t waste your time agonizing over your opponents muscle mass. Learn from their techniques but always remember that while they may win the event, that doesn’t necessarily mean you lost. In business, your competitor may win the contract or earn more wealth, but that doesn’t mean you can’t also win and profit immensely. Even in the Olympics, silver and bronze are still noted as winners on the podium alongside the gold! In Olympic weightlifting, the competition isn’t allowed to heckle or jeer you. But in business, no such rules exist! Your competition may try to make your path to success miserable...
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