Blog — Page 6

Freedom Mentor December 20, 2015 Leave a Comment

The Truth Behind House Flipping Reality Shows

Amusement vs Instruction

House flipping reality shows are created to amuse, not to instruct and you ought to view these shows only for amusement not to be instructed on how to in fact flip houses lucratively. As you will read in this blog article, what creates worthy tv doesn’t always make for smart and useful real estate investing.

Rehab Focused

House Flipping TV series mostly emphasize on rehabbing; the procedure of spinning distraught homes into striking homes. In a solitary episode, most of what viewers are shown has to do with restoring or remodeling the house, handling the workers and all of the drama that goes along with rehabbing. The reality of Real Estate Investing is that the less time you devote to rehabbing, and the more time you devote to locating great deals, negotiating awesome deals, decreasing costs through imagination and then leaving the deal to the correct buyer or tenant, the more cash you will earn. Rehabilitating houses is in reality only a small portion of a prosperous real estate investor’s time, not the bulk.

Only Ugly Houses

Flipping Houses shows highlight ugly houses and their subsequent transformation. The awful looking “before” at the beginning followed by the gorgeous looking “after” at the end make for nice bookends in a TV episode. But what about all the pretty houses that smart investors like myself buy and resell and make huge profits on without ever having a dramatic before and after? There is a ton of investing money made on pretty deals too but that wouldn’t make for good television.

Over-renovating

Seeing all the major construction and other substantial overhauls that are executed on house flipping tv series might stimulate an investor to rip down and annihilate a section of a property. This is a major difference in what usually happens with prosperous real estate flippers actually do which comprises of NOT doing any major construction, executing surface remodels such as new flooring and a new coat of paint. A common plot you will find in house flipping is an overly excited rookie investor that has seen some house flipping series, take a hammer to a wall, abolishing it so that a entirely new floor plan outline can be put together. As a result, they lose cash on the deal because they overly rehabbed. A good rule to live by in flipping houses is that if you catch yourself with a mallet you’re most likely about to make an error.

Real Earnings

What you see on some show might not tell the entire story in respects to the ultimate income figures. A blogger recently went as far as to prove that a flipper from one of these shows would have needed all of the materials they used to renovate donated, just to break even in the deal. Always remember Reality tv is not real it is entertainment, and things are altered and attuned to make the show more amusing. So do not think you will strike it rich by doing what they show.

Accumulating Fix Up Concepts

Some might dispute that someone can amass renovation ideas by viewing these sort of shows. You can get a lot better ideas on paint colors, grains, supplies, by looking at a local builder’s model home then from viewing a series taped in a diverse market than your own. There’s a lot more instruction in a builder’s nearby built house than everything you will see on TV.

TV’s Impact

Studies have exposed that your brain is livelier when you are asleep than when you view tv. The influence TV has on your brain can consequently decrease your capability to distinguish truth from works of fiction and is even extra intensified when you are exhausted, like late nights. So you must be even more aware of the prospect of accepting untrue data when viewing TV, particularly when you are worn-out.

“You’re Just Envious”

Some might cynically be wondering if I could just be jealous that I do not have a show of my own. Well, I have certainly been telephoned by some production firms and casting managers in the past in respects taking part in, or starring in, a realism tv real estate show. But so far, I have not found the right fit due to the detail that what I do (cleverly invest in real estate for extreme payoffs and marginal risks) doesn’t usually come across entertaining. The “before” and “after” photos of my deals aren’t remarkable and I don’t have any drama with any of my employees. In fact, viewing a typical day as I invest wouldn’t harvest much showbiz worth at all. The only bit of possible drama in my work would come from driven sellers but they wouldn’t want to be shown on camera, displaying their distraught choice to sell their house to me. So as of right now, there hasn’t been a show idea that would be amusing for audiences that shows what I do every day.

In Closing

House Flipping TV Shows are made for amusement purposes and there is slight regard given to teaching viewers on how to flip houses effectively. In fact, if you are, or want to be, a real estate investor, you would most likely be better off looking for a different show to amuse you because unintentionally, you might be influenced by what you see and start to make unfortunate financial choices.

Freedom Mentor December 16, 2015 Leave a Comment

Chinn Ho Biography

Chinn Ho was born on February 26, 1904, to a store worker dad Ho Ti Yuen and mom Ho Kam Lan along with 8 siblings. His grandpa, Ho Tin Hee, migrated to Hawaii from China to labor as a warden for a coconut orchard eventually becoming a rice grower on the island of Oahu. Chinn showed sharp business understanding even as a child, raising ducks to increase the family wages and as a juvenile peddling pencils door to door and spending the money on penny stocks. He did not acquire a private education like the privileged individuals in Hawaii acquired for their kids, but in its place received a public education at McKinley High School, beside other impending self-made Hawaiian frontrunners like Hiram Fong. While in school, he structured the Commercial Associates club which was a investments club, shared insurance plan and venture group. Once he graduated in 1924, he got his first occupation in work at Bishop Bank as a bank messenger. The next year, he progressed up to working at a stock brokerage house, Duisenderb, Wichman and Co and was rapidly renowned as a customer favorite because of his thorough study of the stock market news. When he turned 30, Ho did his earliest real estate investment deal, buying a plot with 3 cottages on it for $5,500 and reselling the cottages independently a year later for $16,500 while he kept ownership of the plot for himself and renting the land to the new cottage owners. In a plot deal further along in his profession, he said, “I sold the structure for $850,000 and kept the plot lease. I currently pay $6,000 a year in property taxes for land and accumulate $50,000 a year from the building owner.” It was a method Chinn Ho would use the rest of his investment lifetime.

As Chinn Ho was just beginning his investment path, during that time period in Hawaii, the businesses, the land, the banks, the secluded clubs and the command over the islands was firmly ruled by a very close intermarried mesh offspring from the earliest Caucasian families who came to the island hundreds of years ago. This “bamboo drape” went to boundless extents to shut everyone else out, particularly those of Japanese and Chinese ancestry, since it was those first white settlers who had sent the Chinese and Japanese to Hawaii to labor the farms with the belief that they would depart to their homebased country after they had earned enough funds. Most of those original farm laborers didn’t depart to their back home, but as an alternative remained on the islands and with every fresh succeeding generation, gradually but systematically moved away from the physical labor farm laboring occupations and into the parts of business possession. Chinn Ho would turn into the icon of this advancement from the farms to the conference room.

Subsequently the Caucasian ran banks would not loan money to the Chinese, so the Chinese raised funds themselves by putting their money together into what was termed hui. The Chinese public saw Chinn’s economic intellect and started to put their faith in his capabilities by promoting him manager over part of their hui. And it was from this financial front that Chinn Ho would go on to place together astonishing business and investment deals, come to be splendidly rich and ultimately break through the racial barricades shaped by the Hawaiian bamboo drape. He became the earliest Asian American to be on the board of directors at a “Top Five” company, Theo H. Davies & Co, the earliest Asian to run a huge acreage estate, the Robinson Estate, the first Asian requested to join the businessmen’s Commercial Club, the first Asian president of the Honolulu Stock Exchange and the first Asian head of the Hawaii Visitors Bureau.

As a director over the Chinese hui, the first noteworthy decisions he made involved purchasing as much property as conceivable throughout World War II whereas many landowners were hiding away due to the chaos, taking a sheet from the Rothchild’s paperback of purchasing when the roads were draining. He even bought some of the acreage on Waikiki for the low price of $0.40 per acre. In 1943, he left his run-of-the-mill brokerage job to run the hui full time and started the Capital Investment Company. In 1947, he took one of Hawaii’s traditional big five corporations, Castle & Cooke, to business school, overbidding them on the Waianae Sugar Co contract and purchasing for $1 million. It was the biggest land buying by an Asian in Hawaii at that time, 9,000 acres in Makaha Valley. Over the following years, he packaged off 40% of the acreage to minor ranchers, amassing a sum of $4 million leaving the other 60% for the future.

Smart and bold, Ho saw the growth of the vacation industry and in 1959, in spite of disapproval from some of his hui stakeholders, through a mixture of acreage he had acquired beforehand and with the leasing of a small number of contiguous lots, Ho industrialized the first profitable high rise structure on Waikiki. The Ilikai Hotel would eventually be highlighted on the hit TV series Hawaii Five-O. In 1974 he sold the hotel to United Airlines for $35 million, gathering an $11.4 million return for him and his financiers.

And Chinn Ho had just begun! In 1955, he outsmarted another reputable Hawaiian company, the Oaho Sugar Co, for over 200 acres that it urgently sought because that land took part in the irrigation into the sugar company’s fields and the motorway over which its distribution trucks drove. Reasonably instead of flattening them, Ho gave them a break. “I could have been very hard on them,” he said, “I could have sold for a half a million dollar return instead of the $150,000 I charged, but this is a small town and they would never talk to me again.”

Ho had two rules in his business dealings: “Kill them with kindheartedness in rivalry” and “Accomplish success by backing to the achievement of others.” He also learned from the beginning not to be excessively avaricious. “If you purchase something for 25 cents and it went up 20 cents, that was nearly doubled up…which is great,” he said. He was married to his wife for 53 years, existed modestly and his only vices were the cigars he always had on him, and a Scotch nightcap every night. “I can live contentedly on $250,000 a year,” he said. “A man doesn’t need more then that.”

In 1961 Ho was a member of the board of directors at The Honolulu Advertiser when he heard that the other local paper, the Star-Bulletin, was being put up for sale. Chinn wrote out a check to the New York newspaper agent to introduce an offer which earned him a response of, “Who in the world is Chinn Ho?” That agent knew who he was once Ho efficaciously won the bid at $11 million and came to be the first Asian to be a primary proprietor of a chief daily newspaper. A decade later, Chinn sold the paper for $35 million to the Gannett Corp and continued as a chairman for the Gannett Pacific Corp after the sale.

Ultimately, Chinn Ho’s Capital Investment Company stretched through the Pacific; including a 2,200 acre extravagant real estate expansion in Marin County, California, a 166 room hotel in Hong Kong and even a smaller concentration on the Great Wall of China. As stadium board president, Ho also aided in bringing Class AAA baseball to Hawaii.

Even though his 6 days a week work agenda had him full of activity with business and investments, Chinn Ho set up time for kindness. He assisted as an unpaid employee and executive on many boards and local administrations, and donated to many different types of projects and nonprofits.

A couple of years before he died in 1987, he told a journalist, “I am not a holy man but from time to time I go to a mountain peal and ask, ‘Mr. Ho, what will people reminisce of you?’”

Chinn Ho will be forever be reminisced as an astonishing Chinese American entrepreneur and investor and a hero to all those in front of ethnic discrimination all over the world.

Freedom Mentor December 15, 2015 Leave a Comment

Robert Kiyosaki’s Real Life Rich Dad

Do you know the true identity of Robert Kiyosaki‘s Rich Dad? Kiyosaki has not revealed this secret since the book Rich Dad Poor Dad was first released in 1997. Over the past 18 years, it has come to be the top selling personal finance book ever and its key character, Rich Dad, has arisen as the most significant financial adviser ever, shifting the way masses of people view the topic of cash. And yet up until now, the author has never revealed and almost no one know who the real life Rich Dad truly was. A projected 26 million copies of the Rich Dad book series are in print, in over 80 diverse languages and after finishing the book, most readers ask themselves, “Who was Robert Kiyosaki’s Rich Dad?” This is about to be revealed!

Who was Rich Dad?

In the series Rich Dad Poor Dad, the author refer to two very significant figures in his life; his well-educated birth dad who operated in the Education part of the government for the state of Hawaii but never accumulated any riches (Poor Dad) and his best friend Mike’s dad who left school at age 13 but by owning businesses and making smart investments, became one of the richest people in the state. Both men allegedly had comparable gross income at the start of their professions but the dissimilarity was how each of them viewed and handled the money they made. Ultimately the businesses and investments Rich Dad possessed hurled him into becoming spectacularly rich.
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From books, speeches and consultations with the author, the subsequent thorough explanation was gathered: Rich Dad lived right down the road from Kiyosaki in Hilo, HI, and had the same banker as Poor Dad. He worked a lot, constructing a kingdom of diverse businesses and investments that in time included restaurants, a construction business, storerooms and convenience stores. He was 6ft tall, weighed 200lbs , was a few years younger than Poor Dad. The two looked very similar, just different ethnicities. Rich Dad spent a few years in the army. After achieving wealth he donated large sums of money to his church, to charities and his foundation. In 1990, his son “Matt” (Kiyosaki tenaciously provided a mock name) took over Rich Dad’s domain.

Kiyosaki’s Puzzling Answers to Rich Dad’s Real Identity

Once the book made the New York Times best seller list, reporters began to reach out to Kiyosaki. In a meeting with Smart Money Magazine in 2002 he was asked, “Why don’t you treat Rich Dad like Harry Potter?” This shaped a giant mess of debate causing criticizers to consider that there was no real life Rich Dad, but instead he was completely made up. Some criticizers tried to push to have the book moved to the fiction side of libraries and book stores.

Later on Kiyosaki had an interview with the Honolulu Advertiser and explained that Rich dad was based on a real person but other people had an impact in the formation of the character. Then, in nonetheless an additional interview on the subject, allegedly Kiyosaki gave a reporter the phone number of the son of the real Rich Dad. Then he and the reporter talked to a guy on the phone that claimed that Rich Dad was his dad but this didn’t convince the reporter of any validity and additionally that reporter had agreed not to give out the contact information of the person on the phone.

That most recent interview was in 2003. After that, little has been talked about on the topic. Kiyosaki has preserved it a thorough secret mentioning a written contract with the family of Rich Dad to keep him unidentified. In the meantime, the overall belief is that Rich Dad is a totally make believe person, a mixture of all the inspirations in Kiyosaki’s life and consequently Rich Dad was not really a real person at all.

Early Astonishment At the News

For supporters of the Rich Dad books, the early news that Rich Dad is make believe can be rather surprising. It makes one wonder about the advice of Rich Dad and also the truthfulness of the author himself. For most true followers of the series, their usual reaction is so what, who cares, the bulk of Rich Dad’s advice is wise, so it’s not a big ordeal. That’s an effective point. Still, this Rich Dad character has made an impression on millions of readers. Many have been encouraged to start their own businesses or invest in real estate because of the guidance Rich Dad apparently gave to Kiyosaki. It hasn’t been without its criticizers and surely Kiyosaki himself has had his part of complications over the years, particularly from the licensing of the Rich Dad brand to external companies. Many that want to be rich have put their faith in Rich Dad’s advice and then failed miserable. So whether positive or negative, the effect of this Rich Dad has been huge. If readers are eager to make drastic life changes, such as quitting their job to start a business, from following the advice of Rich Dad, then pinpointing the real life Rich Dad seems like a sensible search.

Too Thorough to Be Entirely Bogus?

Many of the finest fictional literary works in the past were a mixture of the author’s vivid imagination along with memories or individuals that delivered muse for that inspiration. The implausible detail with which Kiyosaki has defined Rich Dad over the last 18 years in books, words and conferences makes it very difficult to be certain that there wasn’t at least one individual in Hawaii that could have stimulated the character into life. Kiyosaki has cited the wisdoms of Buckminster Fuller as having had a noteworthy effect on his life, even though he has also said Rich Dad was an entrepreneurial and “Bucky” was a communist, signifying that these were two entirely unalike people. Some have claimed that Marshall Thurber was Rich Dad but a swift peek at his life discloses that this person’s life and upbringing would not instigate the formation of the Rich Dad character at all. The notions in the Rich Dad series were also modified from seminars taught by Keith Cunningham but he was the same age as Robert and they had worked alongside each other. So there is surely wide range of diverse people in Kiyosaki’s grownup life that influenced him but none of them matched up with real life Rich Dad.

My Blunder Leads to the Unearthing

All my investigation led me to have faith that a man named Chinn Ho, acknowledged as the Chinese Rockefeller of Hawaii, was the real life Rich Dad. I built that concept mainly on a real estate title search I had done on the land beneath the current Hyatt Regency in Waikiki. Chinn Ho’s name arose in the title search as the owner of one of the lots of land. I was nearly absolutely convinced of my theory until a fresh entrepreneur from Finland named Roman contacted me with his notion and after vigilant evaluation, it became apparent that Roman was unquestionably correct. Robert Kiyosaki’s real life Rich Dad was man named Richard Wassman Kimi. How do we know this with confidence? Every account Kiyosaki has provided about Rich Dad ties up flawlessly with the life of Kimi. Roughly the ONE thing that doesn’t fit is that Kiyosaki said his Rich Dad passed away around the time Poor Dad did. But Richard passed away in 2009. That can be simply resolved since Kiyosaki has not made the individual’s name public and possibly fibbing about his death would keep people from finding out the truth. Most convincing are the words from Richard’s son Alan:

“…’Richard Kimi also adored teaching and sharing his sales, advertising and professional understanding. One of his pupils was Robert Kiyosaki, author of the “Rich Dad, Poor Dad” series who created his original “rich dad” on Kimi,’ Alan Kimi said…”

Richard Kimi

Richard Kimi was born February 3, 1925 and was the son of Territorial Senator William Kimi. Like countless Hawaiians of Asian ancestry, he registered in the Army after Pearl Harbor was attacked. After the war, he operated in his family’s business vending Army surplus merchandises but it wasn’t spinning any revenue so he took the left over unsold gear and turned to construction. He and his family built Kimiville, a low-rent housing development in Hilo. In the mid 1950s, he saw a chance to offer inexpensive hotel accommodations for those incoming by boat and airplane into the slight town of Hilo, HI. So in spite of the pessimists, he built the 30 room Hotel Hukilau to accommodate the unwealthy tourists. His economically mindful lodgings were a success and he extended, constructing Hukilau and Coastal hotels in Kona, Maui and Kaua’i, ultimately purchasing the longstanding Waikiki Biltmore hotel, the current site of Hyatt Regency in Waikiki.

Kimi by no means sought to construct huge hotels but as an alternative sought to aid local residents and those travelers that were on a modest financial scale. Richard was a innovator in accepting reservations through fax and toll free numbers. He was one of the foremost to situate collected air, room and car bundles too. His business Sand & Seaside Hotels is now operated by his son Alan.

Alan described, “He continuously thought 5 to 10 years into the future,” Alan Kimi said. “When we had conferences and said, ‘This is what our quartier was and this is what the past year has been,’ he said, ‘I’m not concerned. Just tell me what you guys are going to be doing in 5 to 10 years.’ We were truly blessed to have him as a guide.”

For individuals who want to know the complete reality behind Robert Kiyosaki, this blog post is as thorough in its facts as you will discover on the web.

There you have it, there was in fact a real Rich Dad and it was Richard Kimi.

Freedom Mentor December 14, 2015 Leave a Comment

Advice for Graduates on How to Gain Wealth

My advice to graduates on how to gain wealth centers around the concept that you must own your business (or businesses) if you really want to make a large sum of money in your lifetime and that regrettably, school won’t teach you how to operate a business. As an alternative, high school, college and graduate school show people how to be wonderful employees and how to be brilliant followers to create wealth for the owners. The greatest way to learn how to fruitfully own and run a business is to be taught by an experienced mentor. But surely the insight to being a fruitful business owner can be acquired through the school of life lessons as well. It’s just faster to not have to learn all those valued lessons yourself. A smart person learns from their own errors, an intelligent person learns from the errors of others.

The finest book ever written on how to get rich is, “The Millionaire Mind” by Thomas J. Stanley. It’s a criterion for anyone looking to gain wealth. It shows the truth that the bulk of millionaires own their own businesses. Even surgeons, lawyers and other greatly educated experts characteristically don’t attain high levels of prosperity without owning and running their own practices.

Selecting what business to run is not easy. You want to select something that you will like (since you will be spending a lot of time doing it). But it also must to be very lucrative. A business that you love that makes no cash won’t aid you in gaining wealth. And if picking the correct business was simple, everybody would be wealthy so don’t think the decision will come easy. In fact, you may have to bomb a few times before you strike it big.

And acquiring wealth has its disadvantages too. You might not be able to hang out with friends as often, and you might be working a lot of hours when you start out. But the compromise is that in a rather short time period, you can have a remarkable sum of freedom that everybody you went to school with won’t have. The costs of becoming a prosperous business owner are worth it.

Simple but influential, that’s my advice to graduates on how to gain wealth.

Freedom Mentor December 14, 2015 Leave a Comment

Success Story: Joel Janson

Joel Janson was a newlywed rookie real estate investor, when he found himself totally maxed out. He had done some mobile home deals on his own, made a little money, but problems kept arising that were causing him to be monetarily strained. He was working part-time as a cook and it was becoming more and more challenging to concentrate on the end goal of financial success. He had no clue what to do and began dawdling. Then Joel discovered the Freedom Mentor program and decided to go for it and sign up. He reckoned that with the program’s organized supervision and vow to aid him in learning how to benefit himself, it was worth a try. There were many programs and courses for real estate investing but Joel selected Freedom Mentor because he understood that because the program split the money with him, they would work harder at making sure he would thrive.

There definitely were concerns when Joel first started the program. He wondered, “Is this a scam? How will we flourish? Where will the cash flow come from?” Once he got started, Joel began viewing the videos, partaking in conference calls, and applying what he was learning to his investment strategies. He instantly saw how involved the mentors are and how helpful it was to have an experienced escort guiding you through things.

Soon Joel had some deals under contract and landed his first big deal. A man had just lost his wife and needed to sell his property quickly. The house needed to be renovated, and Joel had learned that it is best to not start out with rehabbing. So he wholesaled the house to an investor and ended up making $13,000. Joel has currently closed many deals, earning over $500,000 since his union with the program. The largest amount he has earned on one deal was $93,000.

Nowadays Joel Janson is no longer in debt, and has a six figure bank account. Why only last week, he closed a $63,000 deal! He now feels freer and has much more time for hobbies, family, and travel. His advice to any rookie real estate investors is to “Get help! Books and online blogs can only get you so far, even if you’re lucky enough to land a deal on your own. If you want to be a truly successful and prosperous real estate investor you need help from a mentor.” For more information on the Freedom Mentor Apprentice Program please visit www.freedommentors.com

Freedom Mentor December 11, 2015 Leave a Comment

Would You Benefit From a Real Estate Mentor?

3 Kinds of Real Estate Investors

◾Investor by Default: There are tons of these people out there. They bought a main residence many years ago but then decided to move into a new house, but since they writhed to sell their old house, they gave up trying to sell and started renting it. Now it’s a few years later, and are landlords by default. They didn’t plot on becoming a real estate investor, it just occurred by chance.

◾Encouraged by House Flipping TV Show: These people are engrossed in doing one home flip. It may turn into more transactions contingent on how the first one works out but they aren’t fixated on flipping houses as a long term obligation and they aren’t considering it as a way to create lasting monetary growth. For many, it just “looks enjoyable” since a reality TV program is typically 22 minutes of air time and they have a habit of to glorifying the business.

◾Pursuer of Monetary Freedom: These kinds of people are looking to use real estate investing as a way to become monetarily free. They see real estate as their voucher to long-lasting private financial change.

Which Kind of Investor Could Use a Real Estate Mentor?

◾Default Investor: A real estate mentor is not needed for this crowd. They most likely won’t be an investor long anyways once they sell off their one tiny rental home.

◾House Flip Show Enthused One Time Investor: Since they are only going to be doing one deal (or maybe one a year or less), become skilled at real estate investing is not essential. A dependable and knowledgeable real estate agent, contractor, hard money lender, mortgage broker, closing company and real estate attorney will get them finished with the couple of traditional transactions they may do in a job and with any luck they won’t totally lose profit on any deal. They might not make a lot of money but it might be a exciting little experience that they can mark off their bucket list.

◾Financial Freedom Seekers: These people want a mentor. It’s the fastest, simplest, most effectual way to attain financial independence through real estate. Even though many do-it-yourselfers try to find success on their own, most realize that they have been wasting money. Here’s why…

Real Estate Mentor Motivation

I’ve been on guided fishing trips where after a few hours without action the guide starts to get nervous. Why? Because he is paid hundreds of dollars to help his customers catch fish and if his customers aren’t catching anything, he is very driven to make it happen. In the meantime, if I had just read some fishing blog online or got some pointers from the bait store, and there I was, 4 hours into my fishing outing with no bites, I would be left with me to try and figure out what I was doing incorrect. Likewise, if you hire a real estate agent to aid you in finding an investment property, they earn their paycheck when you buy, not when your investment turns a profit. The contractor earns his paycheck when he repairs the home, not when you profit. The lawyer, the mortgage broker, [insert any expert you pay in a typical real estate deal] all get paid when you buy or sell, not when you yield a progressive profit result. Though, the right real estate mentor is dissimilar. They are paid to help you produce results and their inspiration is based on your efficiency, not your motion, like every other real estate professional you hire in a deal. If you want to do a bunch of deals, make some real money and ultimately attain financial freedom from real estate, you need a mentor who is driven to help you earn money, not just do deals.

A Real Estate Mentor Gives You the One-sided Advantage

Part of the huge problem with catching fish is the giant number of factors that any fisherman faces when they venture out on the water. What worked spectacularly yesterday might not work today. The same is true for real estate investing. There are a vast amount of diverse aspects, variables and variations going on all the time that even if somebody gets lucky and does tremendously well on their first deal, that doesn’t mean the circumstances will be the same the next time around. Fishing guides spend almost every day out on the water with the aim of having their customers catch fish. Years of time spent on the water have polished their skills so that no matter what the circumstances, they can examine their mind for a memory of a trip that was similar to the current one and figure out a system or method that will work. A do-it-yourselfer fisherman cannot compete with that. Fishing guides get paid everyday by customers to fish so they merely have more knowledge over a longer period of time than anyone else and therefore have the unfair advantage.

A real estate mentor provides you with the matching unfair advantage. Years and years of investing themselves and mentoring others on an everyday basis improves their abilities to the point where they can out maneuver the opposition and yield superior results for their customers than anyone else. Regrettably for some who are reading this, you are in marketplace where one of my apprentices works. Good luck out-investing them. With me and my organization guiding them, supposing they follow what we teach them (yes, some individuals pay for a fishing guide and then go on to not follow their guidance and then marvel over why they didn’t catch any fish), my apprentices are tough rivals that are very hard to compete with. To learn more about how you might be able to be mentored by me and the Freedom Mentor team, apply to my Apprentice Program.

So Would YOU Benefit From a Real Estate Mentor?

If you do not have high ambitions for doing something with real estate, then I suggest not investing your time or funds on a real estate mentor. But if you want to be very fruitful and yield considerable results from real estate investing and eventually become financially free one day, get a real estate mentor.

Freedom Mentor December 11, 2015 Leave a Comment

How to Build an Amazing Real Estate Team

Real Estate is a Team Sport

◾Even if you prefer to work alone, in real estate dealings many diverse individuals are involved.
◾The best and most prosperous real estate investors have accumulated a team of the best in each arena.
◾Constructing a lineup of great individuals is vital to fruitfully investing in real estate.

90/10 Rule

◾10% of the people are amazing
◾90% are at best average and at worst, terrible
◾Most individuals work with the average 90% because they are the simplest to discover.
◾Have the self-restraint to only work with the amazing 10%

Find Amazing Real Estate Team Members

◾Top Generating Real Estate Agents:RealTrends.com
◾Mortgage Originators: ScotsmanGuide.com
◾Attorneys: Martindale.com
◾Contractors: AngiesList.com

Great People Know Great People
◾Not all amazing people are on the top of industry status lists.
◾If you can find at least one amazing individual, they can lead you to other amazing people.

To Work with Amazing Individuals, Be Amazing to Work With

◾Do profitable deals so that you can pay amazing people well for their services.
◾Be an amazing person to work with because A Players don’t characteristically associate themselves with pitiable players
◾If you are just starting out and don’t have a track record of brilliance, at the very least, show the appeal of future importance, such as being a talented communicator, being truthful and a high amount of honor as well as being very reliable and following through with what you say you will do.

Freedom Mentor December 11, 2015 Leave a Comment

TILA-RESPA Integrated Disclosure Rule (TRID) Summary for Investors

◾Only pertinent on closings that contain a formal lender supplying a mortgage loan.

◾NOT pertinent to all cash, hard money, owner financing, subject to or other investor style closings.

◾Lender obligated to issue a Closing Disclosure 3 days preceding to closing (or what they are calling “consummation”).

◾To issue a Closing Disclosure the lender must obtain a final HUD from the closing company well before the closing date.

◾Closing companies must now organize HUDs much sooner.

◾Lenders currently take a long period of time to Clear to Close and draw up paperwork, so this new condition will add a couple more business days for most loans to close.

◾If there are no last minute changes to the HUD (which constantly occurs), the closing will take place 3 days after the Closing Disclosure is sent to the borrower.

◾Conversely, if there are any noteworthy changes to the HUD after the Closing Disclosure is provided, a new one may be required starting over the 3 day clock.

◾SO basically, EXPECT DELAYS when selling a property to a retail buyer who is getting a mortgage to buy your property

Freedom Mentor December 11, 2015 Leave a Comment

Biggest Homeless Outreach Event in the United States

If a homeless individual approached you on the street, would you offer them cash?

I’d love to share with you how you can aid those underprivileged with assurance that what you are doing is helping and assisting our country.

This Year, on Easter Sunday, March 27thh, at the Orlando Citrus Bowl, an event will take place called, “He Got Up”, which is the biggest homeless outreach event in U.S History.

One of the most on the rise populations in the US are those in extreme poverty. A startling 1/3 of all homeless people are veterans. There is a abundant need to help people in order to change their lives and well-being. There will be over 30,000 Veterans and their families partaking in this event. We will be offering all sorts of services such as dental, health, housing aid, job placement, to assist these people get on the pathway to self-sustainability.

After the event, these individuals will be referred to other services that will aid in showing these people that they matter, and that we are determined to help them.

How Can You Help?

If you donate $10 which is completely tax deductible then I will match your contributions up to $10,000.
The objective of this event is to cause a movement within the whole United States to start aiding others, especially those that readily helped to protect our country.

Pepsi, Universal, and numerous other companies have already signed up to sponsor this remarkable event.
Volunteers are certainly appreciated and can sign up at Orlandoserve.org

Freedom Mentor December 10, 2015 Leave a Comment

Silver Lining of TRID for Investors

What is TRID Law?

TILA-RESPA Integrated Disclosure rule
Know Before You Owe
So that people know what they are signing up for when getting a loan.
The main change to investors, agents, buyers, sellers that you will see is that the Old school settlement statement will be changed to a closing disclosure.
The title company no longer creates the statement, now the lender does.

The Biggest Flaw in the System is also “The Silver Lining” for Investors!

There is an average closing time of 2 months on the government website. So if everything doesn’t go as planned, it could be even longer.
You can show them the Government timeline of two months
There will be delays for any seller so you might be able to get a better deal as a creative investor

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