How much does the contract you use actually matter? Do you need something that’s been lawyered to death and has 100 pages or will a one page contract get it done? It’s a serious question because as Investors we close deals all the time on a simple one page contract that lays everything out. Then you get a Realtor involved and you seem to sign your life away for the exact same outcome as the one page that we used to purchase the property.

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We’re talking Parcels today and how weird of a shape is too weird. Is there too weird of a shape? Todays thumbnail is an actual parcel being purchased and after passing on it multiple times because of how it looks, the seller came back with a price that we couldn’t pass up on. So what are you thoughts? Too weird?

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One thing for sure in this business is that there is no one way to do something. A lot of times there might be multiple ways to do things. Sometimes trying to figure out what you think the best way is. can take up more brain power than actually putting any of the “ways” into action. You’ll find out what we’re talking about on the show but the question boils down to.. When you subdivide a parcel, do you pay back the bank, investor, partners, etc.. first and then take profit or do you pay them back a certain percentage off of each sale and put a little profit in your pocket each time?

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Sometimes you think you get it right and have your property priced at the perfect amount. Sometimes the market tells you different. Does it hurt the property to drop the price? Does it make it more attractive? What about alternatives to a price adjustment? All things we go over today with some actual numbers so let’s dive into it right now.

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It’s getting close to that time again. The holidays are starting, money is being spent and before you know it this year will be over and we’ll be on to the new year. The question is what are you doing now to get ready for it?

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How reliant are you on the systems, companies and people you use in your business? It’s a good question to ask yourself because what if it all went away tomorrow? Could your company survive? Would you even know what to do without the assistance of your suppliers? We’ve spoke about this before but it’s a really good test to give yourself and we were recently reminded of that so thought you guys should be too.

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Is there a “right” amount of inventory? Do you ever stop marketing for new properties? Do you take on partners or borrow more money? All things we’re gonna discuss today. So make sure you join us and then let us know what you think.

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