Tuesday, January 29, 2008

The Most Incredibly Highly Effective Habits of Successful Real Estate Investors Cont'd Part 6

Business Partnership

The second to last incredibly highly effective habit of successful real estate investors is having a business partnership. A partner is defined as a person who shares or is associated with another in some action or endeavor. They are a sharer or an associate. A partner is a person associated with another or others as a principal or a contributor of capital in a business or a joint venture, usually sharing its risks and its profits.

It is very important that this person is chosen wisely. A business partner should be like minded and have similar entrepreneurial goals. Here are some major reasons why having a business partner is important:

  • With a partner, there is more than one brain in operation to discuss and make business decisions.
  • Great partners are able to share the load and permit you to take personal time needed for family, vacation, or otherwise.
  • Your partner should be able to compliment your skills. Whatever your weakness within the business, your partner should be the strength in that area.
  • They also must be able to share in the MAJOR risks when the unplanned occurs - because in any business it always does.

This incredibly highly effective habit can MAKE or BREAK your Real Estate Investing Business. Trust Me. Take your time and choose carefully. A business partnership is JUST LIKE A MARRIAGE. Wins, Losses, and Ties fall on all parties involved. I was fortunate enough to choose the right partner in Valarie Jacobs and together we have become the #1 Real Estate Investors in DC, Maryland, Virginia, and Dallas, Texas. Our company, A.S.A.P. Community Solutions, Inc. has become a powerhouse in real estate investing and looks to move to wherever the market permits. We both are coaching both newbee and veteran investors in their real estate activity and gained a great bit of experience through successes AND failures. So much so that we share them with our students through "the What and the How."

“The What and The How”™ of A.S.A.P. Community Solutions is an educational company that teaches wealth building strategies primarily through real estate investment. The company offers learning opportunities for real estate investors around the country through various on-site seminars, coaching programs, teleseminars, and an interactive membership website. Milton B. Yates and Valarie Jacobs pride themselves in giving both the WHAT and the HOW in creative real estate investment education. Their students and coaching clients have experienced extraordinary success through their mentorship, interactive training, and hands-on approach to teaching the principles of real estate.

Now get out there...and find you a good partner!!!!!


Blessings to your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

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Overcoming Location Drawbacks with Pre-sell Changes DC/MD/VA/DALLAS

The right house in the right location 
is the combination that sells. But 
what happens when the right house is 
in a location that isn't perfect?  As 
the seller, you might be able to 
overcome some location problems with 
pre-sell fixes. To the right buyer, 
a perk here and there could make your 
property very attractive.  The main 
thing to remember is that you can't 
change some location problems. You 
can't do anything about the school 
system, the distance from the closest 
grocery store, or the city's street 
signage.  Still, some location problems 
can be minimized.
 
If recent changes to traffic flow have 
created street noise around the property, 
you might be able to create landscaping 
that minimizes the noise and distracts 
the eye.  The house itself can overcome 
location problems if it is the best in 
its price range.  The seller should take 
extra steps to make sure the house is 
perfect, with new flooring or carpeting, 
fresh paint, sparkling windows, and 
gleaming fixtures. Perfection paired with 
price is an aggressive and successful 
combination.  A great deal on a great 
house can make a buyer overlook a lot of 
location problems.
 
With the right combination of perks and price, 
the seller puts himself in the position to find 
the right buyer, someone who isn't sensitive to 
street noise or doesn't mind a drive to the 
grocery store.
 
Blessings to your Real Estate Investing Business,
 
Milton B. Yates
www.miltonyates.com
 
Learn Real Estate Investing in DC
Learn Real Estate Investing in Maryland (MD)
Learn Real Estate Investing in Virginia (VA)
Learn Real Estate Investing in Dallas, Texas