What training for a marathon taught me about real estate investing

On February 18, 2012 I ran the Livestrong Half marathon in Austin Texas. The training for this event took almost a year of early morning runs in Houston's hot and humid summer weather. It was a transformative experience for me as I went from over 200lbs and getting winded just walking to the mailbox, to being fit and healthy again. But most importantly, in pushing myself to accomplish this goal that seemed larger than life when I started, I learned some valuable lessons about real estate … [Read more...]

Successful real estate investors begin with the end in mind

Most real estate investors  that do it wrong, do it backwards. They acquire a portfolio of cheap inferior properties in inferior locations with inferior schools and amenities. Then they try to figure out a way to place top notch tenants in them that will sign long term leases, will pay on time and will treat the property like they own it. And when time comes to sell the properties they acquired, then they try to figure out a way to sell them for maximum dollar. That's trying to fit a … [Read more...]

The River and the Fish

Today I want to tell you a story. Once upon a time, there was a beautiful river nestled in the middle of a peaceful forest just a few miles away from the village. Only a select few weathered and experienced village fishermen knew that this river was chock full of fish: trout, bass, you name it. It was their secret - and they preferred to keep it that way. They could drive up there in the weekends knowing that they would come home with a great haul. One day, a news reporter from the city … [Read more...]

How to be successful

Success is simple. There are a handful of time tested principles that when followed consistently over long periods of time will inevitably cause you to succeed at anything. The funny thing is I'm not about to tell you anything you don't already know. So then, why do successful people make up such a small percentage of our society? Because while these principles are painfully simple, they aren't by any means easy. Photo Credit: Alosh Bennett via Compfight Success Principle #1: Figure out … [Read more...]

Decidere

For the past week, I've been reading a terrific book by Tim Sanders called Today we are rich and  I can't seem to put it down. The book is a goldmine of brilliant ideas that mostly came from his Grandma's sage advice. But what I want to focus on in this post is when he explains what it means to make a true decision: It’s important that once you’ve made a decision, you don’t give it another thought. The word decision stems from the Latin word decidere, which means “to cut off.” Making a real … [Read more...]