There are some investment rules that I never break. They are as follows:
- Buy with the intention of never selling.
- No negative cash flow before taxes.
- No adjustable or variable rate mortgages.
- No balloon payments on the underlying mortgages.
- Do not buy in areas where you have to collect the rent with a gun.
- Be able to “tire kick” your investments.
I abide by these major rules, because I have learned them over the years personally and through the interviews with successful and financially independent real estate investors. However, it is very important that you understand if you apply these rules to satisfying your client’s/investor’s needs on commissioned sales, your commissioned business will fall off substantially. What I mean is that there is just not enough inventory that meets these rules. Since you are in a position of being an “insider,” you have the advantage to look at more inventory in less time and get paid while you are doing it. I would expect a much higher standard to apply to you.
Since I have retired from the speaking circuit, I have my systems (large books with software) that I was selling from the back of the room at about $1500.00. These are my newest products and this package includes everything that I have ever done. As a “pay it forward” opportunity I am now selling these same books and software at my cost, about 94% off. This is the start of your plan to get to the point where you are living the dream. This is not anything but selling you the best real estate training materials in the world for 94% less than they were selling for a couple of weeks ago. You will get 9 books, a whopping 45 pounds of checklists and information that is easy to use. These volumes have been used by agents in the US and Canada to be the best agent in their market place. Go here top pick up your foundation for the future.
