Today I am deviating from teaching about using a Self-Directed IRA to earn profits from real estate…Allow me to rant a little.
As you know I have a successful real estate buying machine and yes, I get a lot of, hey, can I just, uh, can I have lunch with you or take you out for coffee and just pick your brain. I used to give away a ton of information for free. Right. And I’m not going to talk much about this because I’ll get in a bad mood, but I can tell you this almost, and I might even say 100%. everybody that I’ve ever like sat down with and spent a lot of time with and taught them how to do the business for free and you know, a cup of coffee or buying me lunch or a Pepsi, whatever. That’s… that doesn’t count. That costs a, lot of, little bit of money, but that really doesn’t count. Almost nobody. I can’t think of one person actually, that actually did what I told him to do and made money with it and started having some success.
People Value What They Pay For
So I think there’s a principle in that, right? People only value what they pay for and I learned early on that if, even if it’s a friend or a relative, I’m not just going to let them know… I don’t want, I don’t want to be insensitive, but some people are like leeches, you know? They just suck you dry, ask you a million questions and just don’t do anything. So, I get questions a lot today. Hey, can I just, especially if people they find out I’m in their city working on purchasing a piece of real estate, or maybe they live where we’re headquartered in Atlanta or whatnot, they say, hey, can I pick your brain? Can I take you out for coffee? Can I spend some, do you have just five minutes so I can ask you some questions? If I did that, I literally would not get anything ever done. Ever. Maybe that’s a little exaggeration, but you know what I mean.
So, if you’re that guy or girl that asks people that question, then don’t do that anymore. Okay? It doesn’t, it’s not fair to the person you’re asking and it shows you how little you really actually
do value their time, knowledge and experience. I spent tens of thousands of dollars on my education. I spent hundreds or maybe thousands of hours studying and it’s worth something, right?
If I were you and you wanted to, get some advice from an successful entrepreneur or pick their brain or whatever. I would approach it from a different perspective. I would approach it from the perspective of, “Hey, would you, I’d like to bring you more business. I’d like to bring you more deals. You mind if I ask you a few questions about what you’re looking for? You know, taking it from the perspective of, hey, I want to help you make yourself more money. I want to help you make more money. Um, I want to bring you more deals and I’d like to just ask you what you’re looking for and I want to go out and find it. I want to bring you some deals.
So, from that perspective, that would be much more exciting for me. If somebody had that approach.
********************************* If you are reading my blog for the first time, let me inform you that… My company buys single-family houses and I write this blog bi-weekly which is primarily directed to educate 1 group of individuals:
Individuals who are losing their shirt as a result of the “roller coaster” volatility of the stock market and low paying rate of other traditional investments, i.e. people that are looking for an opportunity that’ll provide a secured place to put their money to get it working for them to earn better than average returns.
However, often times, homeowners that need to sell their house, stop by to take a peek because they are curious and wondering how and/or where we get the funding to purchase houses. And if they stick around long enough, they begin to understand why individuals partner with us to provide the funding which empowers us to be able to purchase real estate on a continual basis. Simple, it’s because we teach them a secured way to earn better rates of return than they are currently earning.
Request your FREE Education Kit if you are interested in learning how passively investing in real estate may help place you in a better financial position.
Disclaimer: This site is intended for educational purposes only. I am not an accountant, attorney or licensed financial planner. While the information I’m writing here is based on many years of experience buying houses that doesn’t really constitute professional advice (since everyone’s experiences and situations are different).