18
Nov 2013
Freaky Real Estate on a Leash
Real estate can be freaky. Freaky good or freaky complex. I have some suggestions for making buying and selling real estate easier so you don’t end up feeling like a freak on a leash. Be deliberate. Sleep on your decision. Don’t get short term goal fatigue. Most business plans gather dust. Because they are filled ...
Real estate can be freaky. Freaky good or freaky complex. I have some suggestions for making buying and selling real estate easier so you don’t end up feeling like a freak on a leash.
- Be deliberate.
- Sleep on your decision.
- Don’t get short term goal fatigue. Most business plans gather dust. Because they are filled with data that will never get looked at again. Set simple realistic goals.
- BHAG – Big Hairy Audacious Goals. I read this in a book last year. Sorry, I can’t remember the title. But long term goals should be BHAG.
- Assemble a team: Appraiser, broker, CPA, surveyor, finance and attorney.
- Buy low, sell high.
- Focus on ways you can make more $$, increase cap rate, or NOI. Where is property underperforming? Why? By example, renegotiate your 20 unit apartment building’s cable service. Lower bill, increase service. Other income.
- Call MIMS. We’ll walk you through it and connect you with performance and service driven professionals.
BBQ: You don’t have to see the top of the staircase to take the first step. – Martin Luther King
BLT: Freak on a Leash by Korn