Monthly Archives : December 2015

Whose Advice Is Worth Anything?

One of our favorite quotes is, “Do not let someone who has done nothing tell you how to do anything.” This industry is full of “real estate coaches” now; people who promise you half-truths and get rich quick schemes. They tell you that you can get into the flipping business with no money down, no risk, and simple steps. This is not the case. This industry is difficult to break into, even harder to make true income from, and hardest for those that are not tenacious.

Nevertheless, you can make a lot of money once you have learned the industry and you are willing to dedicate time and effort to it. And, as with anything in life, the best way to learn an industry is to get a mentor who has a proven track record in the industry. Do not simply take a person’s word for it. Investigate them. Ask to speak to a few of their students. Ask them to provide you with true sample of properties they have flipped and the profits they earned. If anyone balks at any of these questions, then keep looking. A true professional will give you all of these answers without blinking an eye.

Here at TFG, we have been in the real estate business since 1997. We can provide you actual samples of the thousands of properties we have sold and the profits we have made. We can show you how we made the deals, the pitfalls we encountered, and the lessons we learned. We are truly seasoned professionals and believe that though real estate is not an easy business, it is truly a worthwhile endeavor and an answer for extra income for nearly anyone. Contact us today for more information about our coaching and mentoring programs.

Appreciate Your Real Assets,

Those Flipping Guys

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Mindset of a Successful Investor

Do you operate from a position of Inspiration or a position of Desperation? Successful investors must be creative and inspired. They must be open and able to look at things from “outside of the box.” When we are desperate to close, for financing, or for any part of a real estate deal, our creativity is stifled and everything just looks hopeless. Moreover, we project this desperation to those with whom we are making deals and they will take advantage of it.

So, what do you do if you are in a place of desperation? Take a step back and breathe. Imagine that whatever situation you are in that is causing you stress is resolved. Now, take a second look at the deal. What are you missing? What other angle can you come from? We often surprise ourselves with our own creative solutions when we step back and pause for a bit.

If you are in a situation that you can not find another creative solution for, ask an advisor or trusted friend. Many times others who are not as close to a situation can see answers that we are just not currently able to find.

Finally, sometimes there are simply deals and situations that do not have any other solution. If this is the case, then it is time to weigh your options. Is the outcome worth the struggle? If so, stick with it. If not, walking away is always a viable option. This is often hard to swallow, as we tend to stick with things through the end, but sometimes walking away is truly the only option that makes sense. Remember, there is always another deal around the corner, and once you let go of the one that is weighing you down, you will be more open to other deals that are around you.

Appreciate Your Real Assets,

Those Flipping Guys

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Loyalty

There’s something wrong with your character if opportunity controls your loyalty.

Our industry is one that has a bad reputation. So often it seems that nearly anyone you ask has a bad experience with a realtor or the real estate industry. Why? Because it seems like with so many industries nowadays, many people are just after their own bottom line and they do not care who they step over or push out of their way.

There is nothing wrong with being ambitious. In order to be successful you must set goals for yourself and your business and do what you must in order to achieve them. However, achieving your goals should not come before being loyal to those around you and treating everyone with the common courtesy and respect that you yourself want.

Sometimes it’s better to lose a few dollars on a deal and keep your loyal friend than to forget who your friends are in search of money. In this business, as with any other, money is cyclical. It will come and go. However, loyal friends and contacts are there forever. Invest in the people around you and you will never be without.

Appreciate Your Real Assets,

Those Flipping Guys

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