Sacrifice: A Real Estate Investor’s Magic Bullet

by Arthur Garcia | August 14, 2012 | on Investor Psychology | no comments

A few weeks ago, THIS article made its way across my desk via facebook.  For those of you who haven’t had a chance to read the article, the long story short is that an investor by the name of Bill McMachen purchased 627 foreclosed homes at the Macomb’s county tax sale.The headline is what immediately caught my attention.  After all, 627 units is a lot of property, especially for ONE transaction! I found myself a little envious of McMachen.  To snatch up hundreds of properties for roughly


Investors: Be Careful of Misplaced Motivation!

by Clay Huber | July 20, 2012 | on Investor Psychology | no comments

I’m sure many of you have heard the cliche’ saying, practice makes perfect.It’s a great saying, but sorry to say, is 100% wrong. I don’t remember where or how long ago, but I remember someone telling me that which caused the “huh?!?!” type expression on my face.This person then said, perfect practice makes perfect.After soaking it in, things finally clicked, “Ahhhhhh! That makes sense.”  What benefit is the practice if you aren’t doing it p


What is Driving You to Invest in Real Estate? Understanding your “Big Why”

by Michael Zuber | July 16, 2012 | on Investor Psychology | no comments

If you work full time and have decided to become a buy-and-hold real estate investor, you have chosen a path that is long, paved with many obstacles, and full of chances to make mistakes. That said, it is also a tremendous way to establish retirement income, secure financial stability, and eventually live financially free without the need to work for someone else.As a 10+ year veteran of buy-and-hold real estate investing while holding a demanding full time job, I can tell you the thing that kep


Real Estate Deals: Know When to Fold ‘Em!

by Sharon Vornholt | | on Investor Psychology | no comments

I recently met with a seller at her house. This house was part of an estate and was in very bad shape. It also been many years since an updates had been done.She told me that “she knew pretty much what she was going to be able to sell the house for”. This seller tried to put on a show of confidence even though she knew the house needed a roof, kitchen, bathroom and a lot of other repairs. This house also had some mold in the drywall in the basement.I knew that an experienced real estate inve




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