By now, everyone on the planet is familiar with the software engineer’s term GIGO, or “garbage in, garbage out”. It’s a way of saying that you can’t get good results with programming. And, unfortunately, our business is VERY susceptible to GIGO. Let’s look, for instance, at a “wholesale” deal I was recently sent: “Great rental…
Why do some people seem to go from entrepreneurial project to entrepreneurial project, turning everything they touch into gold, while other seem to struggle to build their real estate business despite having all the apparent advantages? It’s not brains: some of the smartest people I know struggle constantly in the financial realm, and some of…
In the past few weeks, I’ve gotten several questions from students about transactional funding that show that this relatively new kind of loan is still widely misunderstood. The transactional funding business, at least as we understand it in the residential real estate business, had its origins in the short sale boom in the middle of…
Sure, you can always get positive feedback on your efforts and successes by going to your REIA group, or masterminding with other like-minded entrepreneurs, or by giving yourself a big pat on the back, but when the message at home is, “You can’t do this” or “I don’t want you to do this” or “You…
I was pretty much suckled on goal setting; I was, no kidding, made to read a book called “How to Get Control of Your Time and Your Life” before I was in 7th grade. I don’t know how many times during my childhood my father quoted that (now-discredited) story about the Yale class of ’53,…