Sounds too good to be true doesnt it? Believe me its not. I know firsthand its my real life story and now I coach other people to hit goals they never dreamed possible! Herere the facts: In less than a year I went from 0 (actually less than zero, I had debt) to a new sports car, a newly furnished beautiful home, and yes, a trip to Disneyland! Its a very simple method I developed and Im going to give you the Coles notes version to do...more
Due diligence is an essential step in real estate investment. After selecting the property type and geographic location, the investor needs to ascertain he has accurate information regarding the physical asset, financial performance, tenant base and future prospects for the subject property. Due diligence helps the investor accomplish those tasks. Due diligence can provide in-depth data and insights for these areas and mitigate the risk of a real...more
Truly Great Leaders expect maximum productivity from everyone!In High Performance Teams absenteeism is very low, productivity is high, and people are busy doing what they should be doing to contribute, they are entirely relaxed about the leader and see him or her as part of the team, rather than the Commander.Dictatorial leadership, or assuming the role of the Commander, usually leads to development of a blame culture.A blame culture is where your team is so busy engaged in guerilla tactics to survive, that they do not perform anywhere near their capacity.The organization still runs, but often key members spend more than 60% of their time on protection tasks such as internal presentations; being seen at the right meetings, places and events; worrying about what they think you want; running to your desk; sitting at their desk even when they should be out with customers, because they think you may seek them; and not surprisingly looking for another job, or having more than 2-3 absentee days per year for paltry reasons.When there is a problem in this type of culture, then the team members spend more time working out who to blame (probably before they even attempt to find a solution)...more
All project management is risk management (Eric Verzuh)Risk management is an essential activity in any project or organisation. Risk is defined by M_o_R (Management of Risk, the OGC risk management methodology) as uncertainty of outcome. A risk manager is concerned with managing the risks (uncertain issues and incidents) that, were they to...more
Every activity and situation carries risks. Whether you are launching a new project, providing ongoing services or heading a strategy for widespread organisational change, thorough and effective management of the risks involved is essential to ensure long-term success.The M_o_R (Management of Risk) methodology, owned by the OGC and administered as...more
Amid the frenzy of homeowners facing foreclosure, potential buyers struggling to obtain loans and banks, lenders and realtors trying to stay afloat, I feel like there are lots of questions that no one is asking! Correction, the regular guy on the street like the real estate professionals I deal with daily are asking. But no one is listening to them or answering their questions.What Real Estate Professionals SayThrough my weekly radio show, podcast and website at www.WeTalkRealEstate.com, we're hearing the same questions from both professionals in the industry and current and potential homeowners. Here are some of the most common ones:1. How do you bail out people when 53% of loan modifications are already back in foreclosure within 6 months?2. If the majority of bad loans come from folks who are pre-qualifying with no income, or no qualifying loans what do you do once they don't qualify?3. I've got a good FICO score. Why is it taking so long for me to qualify?FDIC head Sheila Bair has made the argument that modifying loans works, but only if the modifications are meaningful in the first place. Who is making this determination? What are the guidelines? It sure seems like it's still...more
For many people the thought of using an online e-currency can be a scary thing. We have all heard the horror stories of people being scammed and money being stolen by dishonest companies, but there are some companies out there that have worked hard...more
Are You NutsThat was the response I received from the first client I spoke with a few days after opening our doors for business. The husband and wife were questioning my sanity because I was suggesting that the time was right to be investing in a...more
What comes in to your mind when you mention the word investing? Do you think of putting your money in insurance, mutual funds, the stock market or even high-yield investments? Does it make you think you need to learn how to invest in stocks or real...more
Entity layering is a key concept in risk management. It is like the layers of an onion. The outside of the onion is the toughest layer and there are many layers to the onion. As soon as you peel that first layer back, a chemical reaction begins,...more
Have you ever wondered why some people achieve small business success while others find themselves sitting on the sidewalk waving flags as the parade passes by?Unfortunately, there are many external reasons why people fail. But the good news is that...more
These days, more and more individuals are taking advantage of the fact that there are many ways for them to work at home. Nothing beats the feeling of knowing that you can be your own boss and you can grow your business at your own pace, and your own...more