Author Archive for Larry
What Can A Real Estate Investing Mentor Do For Me?
When I was younger I used to think that having a coach or mentor was something only for athletes and the rich and famous. I also used to think that having a coach or mentor was a total waste of time and was for people who had no self discipline. After all let’s face it, [...]
Rentals 101: How to Cut Your Maintenance Costs by 25%
By now, it’s pretty well known that current market conditions have made investing in long-term rentals more appealing than ever. If you buy a few rentals and then self-manage them, you’ll have several duties (other than cashing checks). One of the biggest is trying to keep your maintenance costs as low as possible.
The best way [...]
The Way of the World
“The way of the world is meeting people through other people” – Robert Kerrigan
You can’t do this business by yourself. I don’t care if you have a trunk full of cash and know where to get a good deal on thousands of houses. You have to buy those houses from someone, and you have to [...]
What You Should Know About Out-of-State Owners
Buying properties from out-of-state owners is what I consider to be the most overlooked method for getting great deals. Why? Because many top investors are NOT pursuing this method. Here’s the situation: Those who aren’t pursuing out-of-state owners often tell me, "Yeah, I need to be doing that." And the ones who are already doing [...]
Is It All in Your Head?
I’ve seen it time and time again. I give one investor all of the tools he or she needs to succeed, but failure ensues. Another investor receives the same tools and proceeds to secure tremendous wealth and financial freedom in a very short time. The difference? Their mindset.
Having a positive mindset is critical for your [...]
Ask and You Shall Receive
Some investors have trouble asking for help when they need it. I wonder how bad they’ll need help before they can get over that. Do they have to be on fire, or losing their own home, or about to miss out on the real estate deal of a lifetime because they don’t have a lender?
Shyness [...]
13 Warren Buffett Quotes for Real Estate Investors
If you follow the news, it’s likely that you’ve become concerned about the state of today’s housing market. And it’s no wonder. Just open up the real estate section of any paper, and you’ll see nothing but negative headlines.
To prove my point, here are some recent headlines: “Foreclosure Crisis Continues”, “Home Prices Tumble”, “Housing Woes [...]
8 Real Estate Success Tips
As you prepare to become a successful real estate investor, I encourage you to take the following tips into consideration. They have helped me greatly as I have navigated my way through the world of real estate and just life in general. It’s my wish that these tips will have just as big of a [...]
What is “CAP Rate” ?
When you are looking at a commercial real estate deal you will hear terms such as “Cash on Cash return”, “Net Operating Income” or “NOI” and “CAP Rate.”
If you are new to commercial real estate these terms may be foreign to you, so lets get you into the swing of things by teaching you [...]
The Secrets to Success
I was speaking with one of my successful students last night. He and I were talking about success and how it is achieved. He and I met two years ago at one of my conferences. At the time he was a residential rehab contractor. He and his brother came to my class to learn how [...]
