Bad Apples – One troubled house in a neighborhood can devalue all surrounding houses by 15% or more. On a $200,000 house, that amounts to a lose in value of $30,000 or more. It only takes one bad apple.. Think foreclosed and abandoned houses. Think about people with living room furniture on the porch. Think [...]
Continue Reading →In my small specific investment area, there are about 15 six-family houses. Over the last forty years, I’ve owned more than half of them. The key word here is “owned.” This is past tense. I owned them and sold them.
With hindsight, I would not have sold them.
In my small specific [...]
Continue Reading →I have owned investment real estate for over forty years. I have bought and sold over 100 properties. I have made some great deals. I have made some world class mistakes.
For my students, I want to share my personal triumphs and mistakes.
These are not in a particular order. Let’s start with a mistake.
Location, [...]
Continue Reading →An Action Principles(R) Champion is alert and aware. Head up and eyes open to the world.
Whether you work for yourself or someone else, you are in business. You can improve your business. You can improve your company’s business.
Alert and aware, what are other businesses doing good or doing bad or not doing at [...]
Continue Reading →When you pay a commercial rent to a landlord, you are paying for that space 24/7/365.
Now, how much of that time are you actually putting to productive use?
I know many martial arts school that are open from 3-9PM. They open after school for children’s classes. They have 2-4 evening classes for adults. The rest of the time [...]
Continue Reading →Over the last decade plus, I have spoken to thousands of martial arts school owners.
Most school owners make a reasonable living. Month to month, they live at a standard commensurate with their income. They never get too far ahead or fall too far behind. Regular middle class people leading regular middle class lives.
Buy six properties and love your tenants.
How trite, how ordinary …
Buy six properties and love your tenants.
You read it in a flash. It means nothing. In a flash, it is gone.
You could spend a hundred thousand dollars, two hundred thousand dollars getting a bachelor’s degree and master’s degree in business and still [...]
Continue Reading →Anything to do with buying or selling real estate puts tens of thousands, hundreds of thosands of dollars at stake. In a real estate transaction, even small variables can mean the difference of large profits or losses.
Successful real estate investors know this.
Capitalize on the small variables that others ignore or take for granted.
Do [...]
Continue Reading →You love Susie like a sister.
You went to school together.
You have the same likes and dislikes.
So, starting a small printing business together was a natural.
You are 50/50 partners.
Couple of years and you’ve both done very well.
In fact, business is so strong that you are planning on hiring another employee.
[...]
Continue Reading →Here is the lesson:
You don’t get a second chance to make a first impression.
Papa Gino’s is a franchise chain of 170 pizza shops in the Northeast.
With 169 prior openings, you’d think they’s know how to open #170.
Some unfortunate franchisee opened Papa Gino Restaurant #170 in my upper middle class town. With a population [...]
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