Six Lethal Mistakes That Kill Your RE Business
The real estate investment business is tough no matter how much experience or practice – or patience a real estate investor has in working with today’s fickle markets. That’s why I’ve arranged a teleconference with one of the best creative thinkers in the business, the real estate entrepreneur extraordinaire and engineer of the Ultimate Buying and Selling Machine, Larry Goins.
Larry is absolutely thriving from his North Carolina home base. He buys and sells 10-15 Houses each month without ever having to talk to a single realtor, for-sale-by–owner (FSBO), attorney, appraiser or buyer!
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Like me with SalesTeamLive, Larry has created a system that allows you to automate your business and outsource the hard work. And he’s crammed his decades of wisdom and experience into a timely ebook that casts a shining light on common mistakes investors of every stripe make in strategic planning and navigating pathways to profits.
Larry’s ebook is called: 12 Deadly Mistakes Even Experienced Investors Make and How to Avoid Them, and you can get your copy for free just for being a member of GaryBoomershine.com and signing up to attend my call with Larry, Oct. 28 at 9:00 p.m. EDT. If you missed the call, you can follow this link to listen in to the call as long as Larry allows me to give away this rare opportunity for free.
Membership Has its Privileges
If you haven’t already, join us here at GaryBoomershine.com using the yellow fields on the right side of this page or from my homepage and we’ll email you all the details you need to get your free copy of Larry’s 12 Deadly Mistakes Even Experienced Investors Make and How to Avoid Them ebook and attend our call Tuesday evening.
Get Your Operations Manual for Real Estate Success
To give you a taste of what you can expect when you join us I’m giving you a special preview. As Larry says, by learning from the mistakes past investors have made can make the difference between making it and breaking it in this business.
Here are some of my favorite common “mistakes” Larry discusses at greater depth in his 12 Deadly Mistakes Even Experienced Investors Make and How to Avoid Them ebook. I can’t believe he’s giving it away! I’ve paid generously for much less than this! Enjoy this free offer for a limited time.
- The “First Deal” Syndrome: Take time to survey the neighborhood surrounding your prospective property deal, check out rental and resale comps and run the numbers on what you can afford. Stick to your budget! Before making a deal, be sure to crunch all the numbers to know for certain that after purchase price, closing and rehab costs, you’re still able to come in at a certain profit percentage. Larry will tell us that magic number in this call.
- Retailing Rental Properties: Know your market! Larry says that even the most brilliant strategies can crash in burn if your market doesn’t support your plan. Be creative, but be smart!
- No Financial Reserves for Emergencies: Larry says it’s essential to have financial resources available for resale or rental properties that you have purchased. This is true whenever you are buying a property, whether you are going to buy it, fix it up and sell it or buy it, fix it up, refinance and rent it. His ebook tells you how much you’ll need and give you some excellent advice on how you can have the emergency cash you need without compromising your cash flow.
- Underestimating Repair Costs and Timing: Keep in mind that when first viewing and inspecting the home you cannot see everything that’s going to cost you money, Larry warns. Keep in mind that it’s nearly impossible to be too conservative when you estimate your costs in the real estate business. Larry tells you how to make the best deals when negotiating with contractors, and how to minimize your rental income losses.
- Neglecting Your Homework: Always do your due diligence and never depend solely on third-party estimates. Go out and get your own estimates, regardless of time constraints, Larry advises. Staying on top of your transaction also will help to protect you from falling prey to scammers.
- Failure to Manage Your “Passive” Investment: Stay active in your investment! There is no other way to assess your real estate security and equity levels when the time comes to do the next deal. Larry tells you exactly what you need to know!
GaryBoomershine.com Members Get all the Perks!
Stay tuned for more great insights from Larry Goins and the latest strategies from other elite real estate entrepreneurs. Remember to join GaryBoomershine.com ASAP so you can get free VIP access to all our special events “for serious investors only.”
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