Recently one of our members mentioned that they had found a little honey hole and while they weren’t going to share where it was, the idea did bring up some questions about honey holes in general. In particular, do they really exist or is it more of a hindsight 20/20 kinda deal? We’ll explore this question on today’s show and then tell everyone where it is exactly that his honey hole is.. Just Kidding 🙂 we wouldn’t do that. We do love to question and talk things out though so join us today as we do just that.

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Raise your hand if you’re interested in selling your properties at a loss.. Go ahead, we’ll wait.. Nobody?? Hmm.. That’s odd. I mean, who wouldn’t want to put all their hard work, time and money into a property and then sell it for less than you have in it? It does happen though. In our experience with land it’s very rare but it does happen. You don’t pout, give up or move onto a new business though. You learn from your mistakes, knock the dirt off and get back out there. If you’re smart you’ll not only make a profit on your next property but you’ll make back the loss you had. That’s what today’s show is about. Letting go of the losers and making money on the next deals. We hope this doesn’t ever happen to you but it could so we hope this episode is a reminder that it isn’t the end of the world.

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One good thing to come from this crazy time we’re living in right now are the financial incentives available to us. One of those in particular is the ability to borrow money from your 401k penalty free and put it to work. This is an awesome opportunity for people with retirement money that they normally wouldn’t touch because of the hefty penalties. We’re not tax experts so we’re not going to get into the super nitty gritty here but we are going to go over some of the rules, benefits and disadvantages of this today and hopefully you’ll be as excited about this as us.

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You wanna know what really separates those that succeed and those that fail? It’s no secret. In fact, most of you who listen to this show already no what it is. I’m talking about an unrelenting work ethic. That’s right, good old hard freakin work. The type of work that knows no bounds. The type of work that gets up early, stays late, hustles hard and never quits. The type that doesn’t worry about their competition because the competition can’t possibly out do them. Being a successful business person is’t easy. It comes with a lot of ups and downs but if you put in the work, stay committed, learn from your mistakes and give all that you can you your odds of success are greatly multiplied. So what do you think? Do you have what it takes?

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Sometimes there’s a narrow road splitting the difference between what’s right and what’s wrong and the Real Estate industry is no exception to this. It doesn’t seem to matter who you are either, at some point you’re gonna be put in a situation where you’ll have to make a decision and either yourself or someone else is going to take a loss because of it. We were actually just put in this situation on the sale of some land where the seller backed out long after there option period was over and they asked for their money back. So what do you do? The properties been off the market for several weeks at this point and the buyer is well aware of what happens when you back out of a contract after a certain time frame. Then there’s the whole other part with this regarding someone being sick. So, what did we do? You’re gonna have to listen to find out.

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What does a successful person look like to you? Are they covered from head to toe in designer clothes? What about a custom suit? Maybe their wearing board shorts and a tank top on the beach. Everyone’s idea of what it looks like when you’re successful is different and the truth is you can never really know what someones financial situation is by looking at them. The person in the custom suit may be living paycheck to paycheck just to keep up while the person on the beach could live the rest of their lives without ever working again. It’s truly interesting to hear and think about what others equate success to which is why we’re gonna talk about it today. What do you think? Are you tempted to spend money on excess or could you be comfortable living under the radar?

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With so much going on in the world right now there’s an uncertainty of where the Real Estate market is going. In our business, things are selling like hot cakes and the demand for Rural Land has never been higher. Everywhere you turn though you hear about the massive amount of people who are unemployed and as we know, unemployed people aren’t buying real estate. So what do we do? Do we slow down or increase our buying? Do we hang on to our cash or do we use our cash to buy more properties? What about borrowing money, is this a smart time for that? Join us today as we talk about this and what we’re doing in these crazy times.

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In our business sitting on a property could mean opportunity missed on another deal because your capital is tied up in the deal you’re sitting on. So when an offer comes in, even if it’s not exactly what we wanted we’ll seriously look into it. Especially if we’re still going to make really good money. This exact thing happened to us this past week. We got an offer on a property where we stood to make a really good return however it was definitely well below what we wanted out of it. This was a buyer that found us outside of our Realtor so when we broke the news to her she immediately said that we shouldn’t have taken it because she has a really hot lead who would pay more. The problem with this is that we had an actual legit offer in our hands and not the hopes that we could get a better offer at some point. So this brought up the question of whether you hold out a little longer for a better deal or do you take what’s in front of you and move on? On today’s show we’ll be going over this and why we do what we do in these situations. What do you think? Do you take the offer or hold out?

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Have you or a loved one been affected by Prematuresignulation? Symptoms may include the selling of Real Estate before you’ve actually purchased it, embarrassing conversations and possibly making or losing money. Wait… What??? Haha.. Kind of an inside joke for members of our private group but also a very real thing and it could be good or bad. So join us today as we have some fun and talk about the ins and outs of this perfectly named topic.

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Everyone’s got two people inside of them. There’s the one that wants to push you further, make you better and grow into the person you want to be and the there’s the one that cast doubt, fear and unworthiness. Ultimately, how you feed these two people determines where you end up in life and business. It can be a constant struggle between the two but if you recognize this, you can plan accordingly and nothing can stand in your way if you don’t want it to. Join us today as we talk about this and what we do to be the people we want to be.

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