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Real Estate Wholesaling-Report from the Field

As a real estate mentor with students across the U.S., I have been getting reports from my joint venture protégés about their individual experiences.  The company I founded, Mentor for Life!™, works with driven entrepreneurs in their respective local territories.  There is one comment I am getting more than all else and it has to do with the challenges each small business person typically encounters... [Read more]

Everybody Needs a Mentor

Greetings from 37,000 feet!  I am on the plane to meet up with one of my new Territory Managers in Mentor for Life™, a real estate mentor program for serious entrepreneurs. Anyway, I was thinking about how much of a challenge it is for those who have no one with prior experience and a willingness to share it.  From the beginning of time the traditional (functional) family unit provided all the... [Read more]

Are You “Making” Money or “Earning” It?

Today I thought that I might go back to the basic fundamentals of investing.  As you know, whenever possible, I enjoy thinking in terms of principles and not formulas.  Formulas come and go, but principles are timeless. Thos e of you that have been reading my articles for some time know that money is not the first thing in my life.  Does that seem a little odd for someone whose career is teaching... [Read more]

Are You Right for “MENTOR for LIFE™”?

What an interesting question!  “Of course, I’m right!”  Well, are you?  Unlike the majority of REI programs for sale, “Mentor for Life”™ really only wants qualified applicants to enter their program.  Why?  Because,  it’s “for life.” When I founded this company, Invesdoor™, I had already determined to surround myself with like-minded individuals who share my vision of business. ... [Read more]

The “Mentor for Life”™ Concept and Why it Works

“Mentor for Life”™ What a concept.  The mere title indicates that long after one is trained and coached in the desired career path, the Mentor is still available because he cares about his protégé.  In a moment we will discuss why this concept is so effective and how it is possible to achieve. In my last two articles in this series we discussed the need to have a real estate mentor who is... [Read more]

Red Flags To Avoid in a Mentor

In my last article we discussed the importance of finding a real estate mentor with well-rounded experience and success, but also skilled in the art of teaching.  They would have to be patient, open-minded and innovative. The word innovative is key when it comes to real estate investing.  This is because as the market goes through its cycles, methods and techniques must change.  What worked a few... [Read more]

Start a Recession-Proof Home Business Today

In my many real-estate-investment-related articles, I have at times stated that we are faced with the “perfect storm” for wholesaling investment properties.  While the current state of the economy and housing market is prime for real estate investing, there is another factor that we have not yet considered. I would like to address the present financial status of the many desirous of starting... [Read more]

Are You Sick and Tired of All These REI “Gurus” with More Programs to Sell?

Permit me to rant a little about something that absolutely “gets my goat.”  It is the ongoing real estate investment scam of the century.  From the late night infomercial to the “free” webinars, there are a plethora of programs for sale by people who had successes in yesteryear and want to capitalize on that while they rest on their laurels.  What I mean is, there are a number of systems,... [Read more]

Why All The Interest in Detroit?

Like many who live outside Michigan, when I first considered Detroit as a potential market to invest, I had concerns. The headlines for several years have been highlighting the downward spiral of the car industry, and my initial reaction was that I should “stay out.” The same can be said for many into real estate investing who also shared the “stay out” of Michigan mentality.... [Read more]

Should I Buy Houses For Cash at an Auction?

A tradition as old as business itself is that of seeking to bid on desired products or services. It simply means the highest bidder wins the negotiations. Our culture is colored with scenes of rapidly talking auctioneers amusing their audience as they moved countless dollars of merchandise with the sound of the gavel. Big nationwide auctions have recently made headlines but what is actually better... [Read more]

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