Forget the swanky corner office with a view to infinity, latest generation iPad or Blackberry, and even the customer list you stole from the boss; all these investments pale in comparison to an investment dedicated to improving the gray matter in your skull. In other words, get yourself a world class knowledge base and use it to leverage your income into the stratosphere.
To steal a phrase from a famous book which rarely anyone reads any more, “It was the best of times, it was the worst of times…” Are there any stalwart Dickens literary buffs out there who remember what follows? How about “…it was the age of wisdom, it was the age of foolishness.” And what, pray tell, do wisdom and foolishness have to do with becoming a realtor? As a career choice, selling real estate could absolutely qualify as one of the wisest decisions you make in your life but only if you understa
We’ve nibbled around the edges of the topic in the past but let’s cut right to the chase. Why is long-term, fixed-rate real estate financing the AIPIS modus operandi when it comes to building wealth? Why do we preach it to AIPIS students and suggest you do the same to your real estate customers? The simple truth is that, assuming continued inflationary times, which seems a pretty safe assumption to make, there is not other method of investing that we know of designed to make you wealthy while the rest of the asset markets around the globe are shriveling into desiccated pieces of undervalued paper.
We remember a line uttered by Patrick Swayze in his average movie Next of Kin. “You ain’t seen bad yet, but it’s coming.” Somehow, this shrimpish actor/dancer playing a tough Chicago cop made us believe that “bad” really was on the way. What does this have to do with your mortgage education? Well, you ain’t seen inflation yet, but it’s coming.
There’s a certain part of your realty education that most agents tend to come by the hard way, if at all. Do you have the Superman syndrome? Symptoms include an inability to delegate even the smallest task to anyone else in your organization, thus you spend all your time making copies (thank you SNL) or fixing noisy refrigerators for tenants. This is a poor use of your time! You’re a real estate investor. The majority of your time needs to go towards finding more excellent property deals. There are a few simple answers to dealing with projects that drain away the day’s time.