Real Estate Investing Blog

Rules of Success 4

Posted March 9, 2009 Comments Off

Bob Parsons CEO & founder of www.godaddy.com rules of success numbers 13-16.

13. Never expect life to be fair.
Life isn’t fair. You make your own breaks. You’ll be doing good if the only meaning fair has to you, is something that you pay when you get on a bus (i.e., fare).

14. Solve your own problems.
You’ll find that by coming up with your own solutions, you’ll develop a competitive edge. Masura Ibuka, the co-founder of SONY, said it best: “You never succeed in technology, business, or anything by following the others.” There’s also an old Asian saying that I remind myself of frequently. It goes like this: “A wise man keeps his own counsel.”

15. Don’t take yourself too seriously.
Lighten up. Often, at least half of what we accomplish is due to luck. None of us are in control as much as we like to think we are.

16. There’s always a reason to smile.
Find it. After all, you’re really lucky just to be alive. Life is short. More and more, I agree with my little brother. He always reminds me: We’re not here for a long time, we’re here for a good time!

Click here for more great advice and success tips from Bob Parsons.

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Filed under: Real Estate Investing, Success Mindset, General Business

Rules of Success 3

Posted March 5, 2009 Comments Off

Bob Parsons CEO & founder of www.godaddy.com rules of success numbers 9-12.

9. Measure everything of significance.
I swear this is true. Anything that is measured and watched, improves.

10. Anything that is not managed will deteriorate.
If you want to uncover problems you don’t know about, take a few moments and look closely at the areas you haven’t examined for a while. I guarantee you problems will be there.

11. Pay attention to your competitors, but pay more attention to what you’re doing.
When you look at your competitors, remember that everything looks perfect at a distance. Even the planet Earth, if you get far enough into space, looks like a peaceful place.

12. Never let anybody push you around.
In our society, with our laws and even playing field, you have just as much right to what you’re doing as anyone else, provided that what you’re doing is legal.

Click here for more great advice and success tips from Bob Parsons.

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Rules of Success 2

Posted March 3, 2009 Comments Off

Bob Parsons CEO & founder of www.godaddy.com rules of success numbers 5-8.

5. Focus on what you want to have happen.
Remember that old saying, “As you think, so shall you be.”

6. Take things a day at a time.
No matter how difficult your situation is, you can get through it if you don’t look too far into the future, and focus on the present moment. You can get through anything one day at a time.

7. Always be moving forward.
Never stop investing. Never stop improving. Never stop doing something new. The moment you stop improving your organization, it starts to die. Make it your goal to be better each and every day, in some small way. Remember the Japanese concept of Kaizen. Small daily improvements eventually result in huge advantages.

8. Be quick to decide.
Remember what General George S. Patton said: “A good plan violently executed today is far and away better than a perfect plan tomorrow.”

Click here for more great advice and success tips from Bob Parsons.

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Rules of Success 1

Posted February 27, 2009

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I spent last weekend at Yanik Silver’s Underground Conference #5 in Washington DC. It was an amazing event that I encourage all interested in business to go to in the future. I learned some key secrets for marketing and business success. I met some successful business owners who shared some key ingredients to their business success who are movers and shakers in real estate investing and other industries. I will share more on that with you in future posts.

Friday night many of the business owners gathered to participate in a Bond 007 scavenger hunt orchestrated by our host, Yanik. We froze our tushes galloping around outside our hotel reading clues and meeting spies at street corners and reading monuments for answers. The event was chock full of surprises and paparazzi like cameras flashing at us as we traipsed around DC. As I was walking outside with my team, through the DC icey wind, I realized that I forgot to bring a winter jacket and gloves, brrr. Although it was chilly to the bone, it was the perfect way to start the weekend!

The next morning we had the opportunity to listen to our keynote speaker Bob Parsons CEO & founder of www.godaddy.com. He shared his 16 rules of success that he lives by. I am posting the first 4 rules below and more in the future…

1. Get and stay out of your comfort zone.
I believe that not much happens of any significance when we’re in our comfort zone. I hear people say, “But I’m concerned about security.” My response to that is simple: “Security is for cadavers.”

2. Never give up.
Almost nothing works the first time it’s attempted. Just because what you’re doing does not seem to be working, doesn’t mean it won’t work. It just means that it might not work the way you’re doing it. If it was easy, everyone would be doing it, and you wouldn’t have an opportunity.

3. When you’re ready to quit, you’re closer than you think.
There’s an old Chinese saying that I just love, and I believe it is so true. It goes like this: “The temptation to quit will be greatest just before you are about to succeed.”

4. With regard to whatever worries you, not only accept the worst thing that could happen, but make it a point to quantify what the worst thing could be.
Very seldom will the worst consequence be anywhere near as bad as a cloud of “undefined consequences.” My father would tell me early on, when I was struggling and losing my shirt trying to get Parsons Technology going, “Well, Robert, if it doesn’t work, they can’t eat you.”

Click here for more great advice and success tips from Bob Parsons.

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Filed under: Success Mindset, General Business

If You Get This You Are Ahead Of The Game

Posted November 1, 2008 Comments Off

Great quote from Warren Buffet about bad times in the economy…

“Be fearful when others are greedy, and be greedy when others are fearful.”

Apply this to your real estate deals today and you will see things happen in your business.

Livin’ My Life With Smiles

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Filed under: General Business

Little Known Secrets To Increasing Your Credit Score

Posted May 12, 2008 Comments Off

Some tried and true guidelines to increasing your score are:
Pay your bills on time
Keep your account balances low
Take out new credit only when you need it

People who do that faithfully have very high credit scores. It usually means you are being conservative and cautious about your credit.

After repairing errors, the fastest way to a better score is paying down balances on credit cards.

Though it’s not an instantaneous cure, paying down credit cards over a two month period can boost your score a substantial amount.

Another little known secret tip is to call your credit companies to increase your credit lines. But absolutely do not use the extra funds made available. Few people know about this secret and what this does to help increase your score when you have unused funds available verses the balance due. It helps to increase your score when you have a larger difference from the balance you owe to the credit amount you are allowed.

Do not max out your credit lines.

Consolidating all of your debt on one or two cards may hurt your credit score by maxing out your lines. It is much more advantageous to your credit score to space your balances out to more cards with a 20% or 30% ratio rather than a few cards at a zero or 80% ratio.

Even if you have paid your bills late in the past, you can improve your credit score by paying every bill on time from now on.

If you are tempted to close accounts, it can actually harm your credit score. You should reconsider if you are trying to boost your score.

The length of your credit history is another important factor in your score. If you close an account from a credit card that you have had for a long time, but keep the newer ones open you look like a newer borrower.

Keep your oldest cards open regardless of the interest rate.

Your credit score is your lifeline to your future lifestyle. You will want to understand your credit score and what influences your score today. Then you can take an objective look at the different options available.

Technorati Tags: increase credit score, increase credit rating

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Filed under: General Business, Misc

Your Life May Depend On Your Credit Score

Posted May 10, 2008

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According to the National Score Index for credit score stats, the average American credit score is 678.

If your score is under 620, then you will most likely have a tougher time getting a loan.

Below you will find the score ratings and the meanings:

720-850 - Excellent - This is the best score range and you get the best financing terms.
700-719 - Very Good - You qualify for favorable financing.
675-699 - Average - This score can still qualify you for most loans.
620-674 - Sub-prime - You may still qualify but you will pay a higher interest rate.
560-619 - Risky - You will have trouble obtaining a loan.
500-559 - Very Risky - You will need to work on improving your rating.

Even if you have a low credit score, it is not too late to begin the process to clean up your credit and build it up. Depending on where your credit is there are many small things that you can do to raise your credit score and if you are diligent you should be able to see a significant improvement within 6-12 month.

Technorati Tags: credit score, credit rating

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Filed under: Real Estate Investing, General Business, Misc

IRA Real Estate Investing Strategies

Posted May 8, 2008

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Ask yourself these three questions to determine your self directed IRA investing strategy:

You should ask yourself three questions about tapping into your IRA for investing in real estate:

Are you a risk taker, very conservative, or somewhere in the middle? By knowing your investment personality this will guide you in what type of real estate you will want to invest in.

How many years do you have before you retire? Do you need to invest for long term strategies or short term?

How much money do I need to maintain my lifestyle during retirement? How many years before you retire and how many years do you need income during retirement. Break down your yearly income and cash flow needed to maintain your lifestyle.

Since buying a property may require more funds than you currently have available in your IRA, you also can have your IRA purchase an interest in a property in conjunction with other individuals, such as a spouse, business associate, or friend.

Technorati Tags: ira, ira purchase, ira investing, real estate

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Using Your IRA To Invest In Real Estate

Posted May 6, 2008

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Did you know that there are many people quietly using their IRA to invest in Real Estate? IRA real estate investing has not been a known term until recent years.

A long standing IRS ruling allows everyone to invest their IRA funds into a self-directed IRA. The taxes due on the growth of the investments are deferred until distribution begins.

You can open a self directed IRA with a special custodian, transfer your current IRA funds to the self directed IRA and ask the custodian to invest the funds in the asset of your choice. The custodian forwards the funds to purchase the asset, and the asset becomes the ownership of your IRA.

If it’s so easy and possibly lucrative, why aren’t more people aware of the use of self directed IRA’s? The reason is primarily lack of knowledge, there are only a handful of firms in the nation that are capable of providing the custodial services needed for this type of investing.

Click Here To Read More »

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Filed under: Real Estate Investing, Online Investing, General Business

Hot! Hot! Hot! Foreclosure Market Part 6

Posted March 23, 2008

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We Are In the Hottest Foreclosure Market In US History!

If you decide to venture into foreclosure investing, you will want to become familiar with the foreclosure laws applying in your state. You will also want to become comfortable with the idea of participating in auctions and, if a property you want is “passed in” at the auction (i.e. the lender does not accept any of the bids and is forced to buy the property), you can still negotiate with the bank after it has bought the property. You will also want to check your numbers and temper your bid for a property based on the fact that it may require extensive repairs.

Regardless, buying foreclosure properties can provide exceptional opportunities to buy and profit on relatively cheap properties, and I thoroughly recommend you investigate it further. Don’t let all the doom and gloom get to you. We as real estate investors live for this market. And there are still many ways to purchase properties with no money down.

To learn to invest in foreclosures and other real estate tips click here to pick up your free 7 secrets to foreclosure report.

For further foreclosure, real estate investing tips and specials don’t forget to watch my blog weekly.

Technorati Tags: foreclosure investing, buying foreclosures, real estate investing, real estate tips

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Filed under: Real Estate Investing, Foreclosures

Rules of Success 4

Rules of Success 3

Rules of Success 2

Rules of Success 1

If You Get This You Are Ahead Of The Game

Little Known Secrets To Increasing Your Credit Score

Your Life May Depend On Your Credit Score

IRA Real Estate Investing Strategies

Using Your IRA To Invest In Real Estate

Hot! Hot! Hot! Foreclosure Market Part 6

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