If You Know What You’re Doing…

Tuesday, January 12th, 2010 | Uncategorized

Hey! Ted here. Check out this video from SREC. If you’re doing short sales, or just into real estate investing then this is great stuff! The last few years, the term “flipping” has become a big deal.  Property flips are something that all of us get slandered with… and Jeff has some interesting comments to make about this.

You’re going to like what Jeff Watson is talking about.

Personally, I like it when he says, “If you know what you’re doing…” because that just says it all about being a professional in any business. If you want to be a success, there’s your bottom line. You have to know what you’re doing, or something is going to backfire on you.

Now, you don’t have to know everything before you start buying and selling houses. You do have to know the basics, though. You’re dealing with a lot of legal issues in this business, so start there. Then you have to make yourself a promise to never stop learning. Sometimes you’ll learn by the book, sometimes you’ll learn by working with someone with experience, and sometimes you’re just going to learn by making mistakes.

The key is to use your head. Some mistakes are avoided by just plain common sense. For instance: don’t put wrong information on a legal document. That’s not just a mistake or something nobody will notice. It’s illegal. It could get you jail time, and you won’t make a dime from being in there. In fact, it could get really expensive.

If you know what you’re doing, this really is a great time to be in real estate. Knowledge can generate wealth so easily in a buyer’s market. There is an incredible amount of money to be made out there right now – if we use our heads.

Let’s put our heads together and keep the cash flowing in the right direction. Join us at SREC and register for a free Silver Membership in our coaching program. We’ll answer your specific questions, and maybe you could end up helping someone else in return.

Here’s a question. What’s the strangest legal twist you ever found in one of your deals? How did you solve the problem?

Keep in touch, and keep bringing those deals in!

~ted

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