“I do not believe that success is an accident. What I do believe is that successful people apply themselves in a way that maximizes the probability of positive outcomes.“
- Jim Randel, Confessions of a Real Estate Entrepreneur.
Do you ever read a book and think: “MAN! I would like to meet this author!”?
Reading Confessions of a Real Estate Entrepreneur gave me that feeling!! It was one of those rare books that explained complicated concepts like Cap Rate, NOI, Triple Net Leases and more in a very easy to understand way AND had fantastic inspirational and motivational stories to go along with it.
This book made me look at our deals in a totally different way and I can guarantee you that we’re going to make A LOT more money on our next few deals all thanks to this author.
To him, real estate is about adding value. You either add value through the process by which you buy the property or you add value by what you do to the property itself. It’s not a new concept but the way he presents it is realistic and practical – yet exciting!
So, when I reached out to him and asked him to be on our next teleseminar, you can imagine how excited I was when he said YES!
So, Monday night, we all get a chance to chat with Mr. Randel about commercial real estate investing, adding value to deals, and being in the game! I can’t wait!!
With 30 years of experience in commercial real estate acting as a lawyer, broker and an investor, he is a true expert on all things related to commercial real estate investing. And – do you know how he began in real estate? He started by buying beat up houses, rehabbing them and selling them!
If you ever wanted to have the chance to learn from someone who knows what it’s like to pocket a few million dollars on one single deal (and lose $1.5 million on another!) then this is your chance. He will also be taking a few minutes to answer YOUR QUESTIONS. So if you want to get your question answered you will have to be on the call!
To register for the call (or order the call replay & transcript to listen and read later):
http://revnyou.com/Commercial_Real_Estate_Investing_For_Beginners_Teleseminar.html
If you join us for the live call, and he doesn’t mention it, you might want to ask him about Martha Stewart… he was her landlord in her early days!!
3 Comments
June 20, 2009 at 5:15 pm
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June 21, 2009 at 5:59 am
Interesting. But considering the current situation, investing in real estate seems a bit dicey.
June 23, 2009 at 3:30 pm
Hi “itmanagertools”
Thanks for you comment and while you have a point that investing in real estate right now “seems a bit dicey”, really it comes down to what you are trying to achieve with your investing. I would say the same thing could be said for investing in the stock market right now! The point is that investing in anything is a personal choice and preference. And, it’s those that follow the herd that generally don’t get ahead (because they’re following, not taking their own path). As such, the media says “Don’t invest in real estate!!!”. So, the herd decides they better not. But, those who have a plan, have done their research, and are (generally) in it for the long term, could do very well investing in particular types of real estate in particular areas right now.
In fact, some even argue that right now is a GREAT time to get into real estate because it has taken quite a beating over the past 12-24 months and while it may take a while to appreciate again, if you get constant cashflow and the product type has demand (for instance apartment buildings) so it will generally stay occupied, then over 5+ years you will likely do very well by buying today.
Thanks again for stopping by!
Dave