Multiple Streams of Income = Success

Warning: This is the longest blog post I've ever written. At the same time, I think if you can read it all, you'll be glad you did. Because there’s a dark secret that a lot of investors know, but that no one seems to talk about much. It’s a secret that every full-time investor eventually…

Inner Circle Lesson: Financial Friends

Way back in the mid-90s, I went to a workshop taught by the great Pete Fortunato. Several times during this event, he mentioned deals he’d negotiated or financed with the help of what he called “financial friends”. At the time, I had two thoughts about this: first, “Why does a guy who’s been in real…

Inner Circle Lesson: Are You Making This Huge Evaluation Error?

  Several times in the past few months, I’ve found myself explaining to Inner Circle members that the reason they couldn’t sell their wholesale deal was that they’d over priced it, and the reason they’d over priced was that they’d made a common logical error in figuring out the value. See if you can tell…

“So Now I Have to Rent to FELONS?” What the new HUD rule actually says about applicants with criminal records

On April 4th, HUD released a statement entitled “Guidance on Application of Fair Housing Standards to the Use of Criminal Records by Providers of Housing and Real Estate Related Transactions” that immediately set the landlording world abuzz with the news that we could no longer “discriminate” against felons. Like most incursions by the government into…

IC lesson: Be Right, or Be Rich?

There’s an old piece of advice that’s generally given to husbands, in regards to arguing with their wives, that goes, “Do you want to be right, or do you want to be happy?”. And the longer I’m in the wholesaling business, the more I realize that nearly the same piece of advice applies to negotiating…