I am going to throw up some videos that were mentioned in post or comments to me.  Check them out, they are motivational.  If you have any others you want to see, comment the youtube titles and I will try to throw them up soon.  Also if I missed you let me know.

 This video is about some famous people and their biggest failures.  You got to go big to be big.  Most of the successful people I know fail often, but they are scene for the successes.  They would not have them though if they did not go big.

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A few post ago I talked about the benefits of getting things under contract.  This will discuss the benefits as they relate to both buyer and seller.  The emphasis of the last post was that you try to get under contract with an out so that you can renegotiate once under contract. 

 Once you are under contract, it is time to start finding problems with the land and/or home.  Some examples of things I have seen happen with land…

 If there is a trailer on the property, propose that is has to be moved.  If the owners cannot do so, ask for an extreme allowance to do so.  Here in Raleigh/Wake County, you cannot just burn it down or destroy the trailer, because of the building materials.  So it is costly to get rid of trailers.  Let the buyer know that you are not able to get your mortgage (your out) without it disappearing or the drop in price. Read the rest of this entry »

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This song isn’t fresh off the press, but it hit me this am as I was listening to Shade 45.  On the real gangsta rap has made me do lots of stuff. 

 Also incase you missed this other Ice Cube track check it out.  This is a bit older, but didn’t get hardly any play on the radio here on the east coast.  Anyhow, get motivated for the weekend.  Read the rest of this entry »

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While you might want to rest and take a break, the game never pauses.  There seems to be an endless supply of expensive items to buy.  These two cars are two examples of what you can get once you have implemented a decent strategy with a bit of hustle…  For many of us, this is why we hustle. This Mercedes is nice stock, MANSORY, hooked it up though… Ferrari speaks for itself, MANSORY just did a little one, two on it.

 

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This probably applies to more then one industry, but in real estate, getting something under contract is a huge first step.  Not only is it a huge first step, it is one of the most important steps.  I am going to break this into atleast two post.  Each are valuable (to me atleast).   

You generally want to get good terms in a contract before you enter into the contract.  There is one thing you have to have in a contract though, and that is an out.  If you have an out, you can enter into the contract with “no fear.”  In real estate, you can have your out be based on a variety of things.  They can range from loan approval, home inspection, land inspection, your current home selling, structural inspection, mineral inspection, and on and on and on. 

In sellers markets it might be harder to get some of the more absurd outs into a contract.  If a buy er has multiple offers it is also hard.  Unless you are dead set on something you should get an out into the contract before you sign.  I have done so in certain great deals, but not in tight deals.  Some deals are so good they need to be gotten quick.  Other deals are made good because you got the contract then began to negotiate.

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Make it around 1.35 mil ready.  And I am sure you are going to need a bit more for the driver and all that customizing you are going to want to do.  The rims are decent, but they could use some modification.  This is not my style but definitely a nice whip. 

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I went ahead and copped the first edition of this magazine.  This was a good idea.  More of the same great motivation that was seen in the first.  It shows that people make loot doing things you probably didn’t think were possible and that you should look for opportunities everywhere.  Anyhow I would recommend picking up a copy of the second edition if you haven’t seen it yet (I got my copy at barnes and noble).  The third edition will be hitting soon. 

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Don’t talk about it, be about it.   

To follow up with my last post, I dropped a g walking away from a deal today.  I was prepared to make a deal, but I guess the other party was not ready.  I put ~$350 into a home inspection, $75 termite, and $500 in an appraisal.  I am not sure if someone else will come out of the woodwork and want some money.  First off, I knew most of the problems the house had and what it would appraise for.  I had gotten the appraisal for the mortgage.  I had gotten the home inspection as it was going to be my negotiating tool for getting an allowance. 

 You could say I now need to work twice as hard to make this money back quickly.  Or you could say I just saved $20,000 in making a bad deal.  Sometimes things just aren’t worth your time and money.  In the last year I have ”invested” money into properties to find out they were not what I needed to be doing.  Just thinking back, I put some money into perk test and surveys.  Anyhow, I thought this song followed the topic. 

I found this song last night posted on badcopnodonut and have listened to it a bit in the short time since I first heard it.  I get quit a bit from the site.  The site has a “real life” photos of tight wips and other things that motivate people.  I enjoy viewing it for those reasons.  I like seeing sites like autoblog but just seeing press shots of cars really does not do anything for me.  Seeing a dude that can afford the cars is what impresses me.

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When you are negotiating be prepared to walk.  If you need to walk, do not second guess yourself.  It is better to lose a thousand dollars than 20 thousand.  Do not let people corner you.  Do not let someone else get the upper hand because other people generally do not care about you.  The are looking out for numero uno.  You should also look out for numero uno.  When negotiating various things make sure you keep things business, do not negotiate with emotions.  Once something becomes emotional you can easily lose in negotiating.

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What does think big mean?  Does it mean get that 3 series one day or even … a 7 series?  Or does it mean get a lambo one day?  Why not trick out a bentley coupe? It is crazy to get a car that cost a couple hundred thousand dollars, it is even crazier to through 5 figures on some rims. But why not customize the 5 figure rims.

The higher the goals, the more successful you are likely to be.  Don’t just think big in what you want (as far as toys), but think big in how you are going to get there. Maximize your current profits. Not saying you need to over juice the lemon, but make sure you are tapping all the lemons within your reach. We do business with so many people. Think of how to grow those relationships and think of how to get more out of those relationships through other ventures. Think of how to create new ventures. Think Big!

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