How I Made My First Real Estate Deal Using My Business Dream Team

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My new program, “, “The Ultimate Guide to Building Your Business Dream Team™”,  was born out of my experience as a business owner and real estate investor. I designed this program to help other business owners learn how to focus on the things that they love about their business and delegate the things that they are not good at doing. Hopefully, this program will help other business owners be less transactional and more transformational.

In my book, “The Book On Investing™” , I write about how I am able to buy and sell properties, sight unseen, and make handsome profits. I am able to leverage the skills and expertise of my powerful business dream team to accomplish much more that I could do on my own.
Below is the process that I used to buy and sell my first real estate investment property.

Dream Team Member #1 – Marketing Person. This real estate deal was a property that was located 300 miles from where I live. A motivated seller contacted me after receiving info from my marketing firm. I contracted out to a marketing firm so that I could get the best return and response for the dollars that I was spending on marketing.
Dream Team Member #2- Real Estate Agent. I immediately got the house under contract. The contract was generated from my automated contract writing system. I then located a local Real Estate Agent. I added this Real Estate Agent to my business dream team to get comparable sales in that neighborhood. In addition, this Real Estate Agent continues to provide me with real estate investment leads.
Dream Team Member #3- Property Inspector. From the Real Estate Agent’s contacts, I was able to add a local property inspector and handyman to review the house and provide me with repair estimates. This property inspector is now a trusted partner of my business dream team and is called on frequently to inspect and repair other real estate purchases.
Dream Team Member #4- Property Buyer- Through my property inspector I was introduced to another real estate investor who buys properties with cash. I was able to sell this property to this cash buyer who is now an integral part of my business dream team.
Dream Team Member #5- Closing Attorney. Through my contacts with the property buyer, I was able to make contact with a local Real Estate Settlement Attorney. This Attorney handled all of legal issue associated with the purchasing and selling of this property including title search, escrow management, and all of the paper work.
Because of the work I put into building a team, the purchase and sale of this property went forward without a hitch. I used this experience to develop a blueprint for constructing a dynamic business dream team that can be adapted to any business.
To learn more on how I can help you build your ultimate business dream team to help you get more accomplished and enhance your bottom line, visit “The Ultimate Guide to Building Your Business Dream Team™”.  Sign up today and get your free report!

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How I Learned to Build My Business Dream Team

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Rescue Impossible, Nightmare Hell!

Some of my favorite television shows are Kitchen Nightmares, Hell’s Kitchen, Bar Rescue and Hotel Impossible. These shows are so popular because people like you and I enjoy all the drama associated with these businesses on the verge of failure and how the experts like Chef Gordon Ramsay come in and save the day.

 Although these shows are very entertaining, they also teach me some important lessons on business: You have to work on your business instead of in your business. Otherwise you have a job rather than a business.

Most of the business owners on these shows suffer from the typical bad business disease that other business owners have, they try to do everything themselves. On one recent episode of Kitchen Nightmares, the restaurant owner was the manager, the chef, the accountant, the cleaning person, and the host. No wonder, his business was failing; he was trying to do everything and was good at nothing.   

The business owner had not learned to delegate! I had the same problem when I started my business, but quickly learned from my mistakes. Now I have the time and money to enjoy the fruits of my business. For example, I can enjoy eating lunch at Chef Gordon Ramsay’s restaurant in Las Vegas! My business continues to operate when I am not there because of “The Business Dream Team™” I have put in place. 

Learning how to build a dynamic business dream team is the difference between having your business run on automatic pilot and one where you have to be there in order for it to run.  When we learned the secrets of how to build “The Business Dream Team™”, our business took off like a rocket.  We can now spend more time on marketing and building our business while enjoying the fruits of our business.

In an effort to help our clients achieve greater levels of success, we decided to create a program to show other business owners how to build a dynamic business dream team. The program is called, “The Ultimate Guide to Building Your Business Dream Team™.”

This program is designed to help you select, hire and manage your business dream team to help you grow your business. It includes a step by step guide, a checklist, and other modules to help you reach new levels of success.

So, don’t work in your business, get the help you need to create the life of your dreams to make your business a success. Visit us at www.mybizdreamteam.com to learn more.

 

 

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Buying Real Estate: One of the Top 5 Ways to Build Wealth In 2014

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Happy New Year! If you want to achieve the life of your dreams, you will need a mechanism to do so. It doesn’t matter if your dream is having luxuries beyond your wildest imagination or helping out family members or the local charity of your choice. You need the money and assets to help you accomplish your dreams and goals.

In this New Year, learning how to be wealthy in today’s economy is as much “art” as it is “science” – but both are learnable. It’s not a mystery, and the fact that it’s been repeated throughout history, over and over, in every culture testifies to the fact that yes, indeed, you can learn how to get rich. Sitting on your couch playing video games is probably not going to make you rich, but digging ditches for the next 50 years probably won’t either. So how can you become rich?

1.) Invest in Real Estate

This is my favorite way to get rich! Buying real estate has been one of the surest ways to get rich since before there was money. As you know everyone needs it and, as Mark Twain so eloquently stated, “they’re not making it anymore.” There are numerous paths to wealth in real estate, but it generally revolves around buying property that brings in more income than it costs to own, and holding on to that property until the prices go up.

 You can start building your real estate empire right now by reading my book The Book On Investing:The Ultimate Guide for the Savvy Investor.

2.) Invest in the Stock Market

The stock market can be an incredible source of wealth for you and your family. There are a lot of different ways to invest in the stock market. From penny stocks to mutual funds to options and more – there is enough to easily make your head spin. If stocks are going to be your chosen path to getting rich – don’t simply throw your money at random companies. Take time to fully investigate the kind of investing you want to do and follow other investors within that niche to learn how they have made their fortunes.

3.) Start an Internet Business

Many internet entrepreneurs are building pretty substantial wealth through online websites and web companies. One of the most significant benefits for starting an online business is that barrier to entry is much lower, as you don’t need buildings, employees, merchandise, or other expensive items to begin – just a computer and some ingenuity. 

4.) Start a Traditional Business

Although a lot of the shopping in the world is moving online, brick and mortar businesses are still the cornerstone of our economic system.  For example, you could move to an area where the economy is thriving (North Dakota) and start a business to serve the oil and gas workers in that area.  Building wealth through a traditional business is built by selling either services or products to consumers or other businesses.

5.) Save Your Money

Finally, there is the good old fashion way to get rich: slowly. Save your money, each and every month, and you’ll grow wealthy just by principle. For example, if you make the average American salary, around $50,000 per year, and can live frugally to save half of your income – you could bury your cash under your mattress for 40 years and retire with a cool million bucks.

Or, if you took that money and invested in real estate, earning an average return of 12% per year, you could have $26,389,054.18 after 40 years.  This is why I choose investing in real estate rather saving my way to riches.

Conclusion:

 These are the top five ways that you can use to build wealth in today’s economy.  

To learn how we are helping our clients achieve success by investing in real estate and in businesses, please join us at The Book On Investing. Also, if you are interested in investing in real estate, join us at RADAR Investments

 

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Do You Want to Be Wealthy When You Grow Up?

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What do you want to be when you grow up?” is a question that you become accustomed to hearing as a child from adults.  Many of us were annoyed by that question, but we admit that we have asked many children that question ourselves.

 Today, let’s focus on you! Now that you are grown up, “What do you want to be?”

Do you want to be wealthy? Or are you worried about not being broke? If your focus is on not being broke, you will never be wealthy!  By focusing on “not being broke” you attract “brokenness” into your life and all the negativity associated with it. 

 Research shows that you have over 60,000 thoughts a day and that 95% of them are the same thoughts that you had yesterday.  80% of those thoughts are negative—wealth robbing, happiness robbing thoughts.  You must release those negative “brokenness” thoughts and replace them with positive “wealth building” thoughts.   Then you can be what you want to be!

As you begin the New Year, think about the wealthy, abundant, and happy life that you want to live.

 Conclusion
In The Savvy Investor Program™, we teach you how to create the life of your dreams. We can teach you wealth building tips that you can begin to use immediately! We help you get off the treadmill. Remember that with real estate investing as one part of your financial plan, you can create the life of your dreams by following a few time-proven wealth building strategies and techniques. Today, buy your copy of
The Book on Investing.

Share this post and link with your friends so that they can begin to understand how to create a wealthy and abundant life. Let us know about other topics that you would like for us to discuss.

 

 

 

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How Do You Know When a Property Will Be a Good Investment For You?

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As a real estate investor I am often asked how to determine if a property would be a good investment.  How many times have you seen a property just sitting there and you are wondering if the property would be a good investment for you? But you were afraid to act because you just weren’t sure how much you should offer and how much profit you should factor into the deal before making an offer.

Here are four rules of thumb:

·         First, you need to know your numbers. Do you know the After Repair Value (ARV), the Repair Cost Estimate (RCE) and Asking Price (AP)? With the knowledge of these three numbers, you should be able to tell whether it’s a good deal or not.

 ·         Second, you need a real estate coach or mentor to discuss your investment options.  Find someone you trust and who has experience in investing in the type of real estate that you are pursuing. Some people say that coaching is expensive. But I say that without a good coach, it could be really expensive if you make a mistake.

·         Third, you need to determine how much to offer for the property. If you are looking at a fixer upper then you don’t want to have any more than 70% of After Repair Value (ARV) invested. Keeping a margin of 30% insures that when you are finished making the necessary repairs and after closing cost you will still have 30% equity. Then you can sell it, or refinance it and pull out some cash, or you can enter a lease option deal.

·         Fourth, if you are looking at what I call an “instant landlord” property then you can pay a little more than 70% of value because you do not have any repair costs. My rule is not to pay any more than 80-85% of value. Perhaps you can offer up to 85% of value, if the cash flow is good and there is good possibility of appreciation.

Conclusion

In The Savvy Investor Program™ we teach you how to create your own economy. We help you get off the treadmill. Remember that with real estate investing as one part of your financial plan, you can create the life of your dreams by following a few time-proven strategies and techniques. Today, buy your copy of The Book on Investing.

Share this post and link with your friends so that they can buy a copy of the book also. Let us know about other topics that you would like for us to discuss.

 

 

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Do You Have the Right Financial Personality Type To Be A Successful Real Estate Investor?

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Have you ever thought about your financial personality type? I hadn’t either until I read a recent article.  In the article, author Casey Bond, uses the well known Myers- Briggs personality traits test and applies it to finance and investing.  Her thesis is that your financial personality trait can be a determining factor for your success in money management skills and in investing. Below is the chart of financial personality types. What type are you?