Buy & Hold 101: 8 Lessons From the School of Hard Knocks

hardknocksOkay, so here we are back again with our finale to our Buy & Hold series. Today, I’m going to share with you some important lessons that come from one of the most prestigious schools, Cody’s School of Hard Knocks.

But first, if you missed out on the previous lessons in this series, check them out so you aren’t completely lost:

So, let’s go ahead and start our final lesson…

Should I Get A Permit When Doing A Rehab?

warningFrom Tom Nardone, Millionaire Mailman … 

So, should you get a rehab permit? This is a hard question to answer!

I would have to say if permits are required for work you are doing on a rehab, its best to get them.

An investor friend who has been in the rehab business for 25 years is finding this out the hard way…

He rehabbed a house that he bought for $90,000. The house needed about 60K in rehab work. When he was done making the house absolutely beautiful, his plan was to sell it at a price of 199K.

Not a bad pay day to make 50 Gs!

Beware: Vision Contamination

From Bridgette Cruz…

Warning! What I am about to share with you could completely change the way you think, react, and perform from now on…

Have you ever met someone who was critical or negative all the time? Let me guess, you either would ignore them or attempt to change their view on the situation for hours upon hours until you finally decided that this person was just the way they were.

Let me also assume and assert that you avoid sharing yourself with this person out of fear that they will judge and assess every word you have to say – and in the end, they leave you powerless, frustrated or just plain regretful that you ever opened your mouth to begin with.

Well, my friend, if that scenario triggered something inside of you, let me tell you…


Is It Live or Is It Memorex?

2015-11-10-260From Darlene Root…

Prior to my real estate career I was a musician and intrigued by the 1970’s Memorex commercial ”Is it Live or is it Memorex?” In the commercial, Ella Fitzgerald was able to break glass with the sound of her voice. Ella’s voice was recorded on a Memorex cassette tape… and when played back, the recorded version gave the appearance of also breaking the glass.

Years later Mythbusters did an episode that showed another musician doing the same thing, however, they could not validate that recorded sound had the same result – stating that sound coming from a recording would have to be amplified so much that there would be too much distortion.  

This proved that there is a difference from the real to the “imposter.”

Your Entrepreneurial Declaration of Independence

freedomFrom Dave Ludena, Real Estate Rockstar…

I had a great 4th of July weekend and it left me feeling rather patriotic, and that feeling has been carrying through until now because I’ve been contemplating what an awesome thing it is to have freedom. Yes, there are some things that I feel are a bit whacked out with our country; but all in all, I feel very grateful to live in this great FREE country. In this country, we take our freedom very often for granted, until it is challenged.

Most real estate investors (entrepreneurs) get into this deal for just that…Freedom. And that can be defined in many ways, but in the end, it usually boils down to be able to do what you want to do without time and money restrictions.

Buy & Hold 101: The 3 Levels of Researching a Rental

rentalsLucky #7 is in the house! To date, we’ve brought you 6 awesome Buy & Hold blog posts detailing everything from finding good property managers to owning cash flow real estate. Our most recent post was all about asset protection, so make sure you check that one out.

We’re one more post away from wrapping up our Buy & Hold series, but today it’s all about researching rentals when you buy and hold.

And the key to rental research is a 3-level system that is sure to simplify and direct your processes with targeted, thoughtful research that will produce profitable properties.

The Perfect Crime: How Perfection Is Killing Your Real Estate Business and How To Stop It

From Dave Ludena, Real Estate Rockstar…

I’ve been an entrepreneur, real estate investor and mentor for quite some time now. It’s no secret that this path of has some pitfalls. It’s no surprise that there are external obstacles that can crash a business

But would it surprise you to know that one of the biggest reasons I have seen real estate investors stumble, fail and quit was due to an internal influence? Would it be even more surprising to know that this business suicide could have been prevented in many cases?

Well, read on, my friend and know that Clever’s got your back.

Here’s Why It’s Terrific To Be Specific

toilet onlyFrom Darlene Root…

Hey there, my name is Darlene Root and I am one of the new Clever Investor Mentors. I’m super excited about this opportunity to be part of the Clever Family. Currently I’m working 1-on-1 with several students and they are seeing some major breakthroughs in their businesses. I just love that!

For today, I want to introduce myself and share a story from early in my real estate career. Although the events that unfolded were bizarre, the end result became a life-long lesson about the importance of being clear and specific in communicating.

Learned Young

Buy & Hold 101: Asset Protection and Privacy – How We Do It

privacyHoly moly, we are back with the 6th blog in this awesome ongoing series about buying and holding. Before we talk about asset protection and privacy, let’s do a little review for you folks so you’re not completely lost. So, whether you have been following along or not, please take a minute and read up on these previous helpful and informative blogs:

  1. Buy & Hold 101: First Steps to Owning Cashflow Real Estate
  2. Buy & Hold 101: Different Types of Cashflow Rentals
  3. Buy & Hold 101: How We Find Good Property Manager
  4. Buy & Hold 101: How We Find Good Quality Tenants
  5. Buy & Hold 101: How We Screen Our Tenants

Yowzers! I know it’s a lot of info, but it’s totally stuff you need to learn, and now we can get down to business…

Flipping Houses: 3 Ways To Spot A Fake Buyer

fakeFrom Andrew “The Maestro” Massaro…

Nothing is more annoying than having some dude see your ad somewhere, contact you and express interest in buying your property… and then turn out to be a fake.

Happens all the time. Much more than it used to…

Somehow, bird dogging someone’s property has become very, very popular. Why? Because all someone needs is a buyer’s list. Actually, most of the bird dogs today don’t even have that. What most of them do is stick your property on their website, or on a bunch of websites, and pass it off as their own.

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