Genius Types

Set and Then Forget… (at least for a little while) As an aggressive entrepreneur, I was ready to conquer the world at a very young age. My plan was to out-work, out-innovate, and out-run my competition at all costs until I was financially free. I started a lawn mowing business… then a custom T-shirt business… [...]

In the business of real estate investing, three major players feed off of each other to spin the wheels of wealth creation.

Wholesalers, rehabbers, and hard money lenders form a symbiotic trinity in which each one is dependent on the others.

Wholesalers need rehabbers to buy deals, rehabbers need hard money lenders to finance deals, and hard money lenders need wholesalers to find deals to lend on.

Last week I did something that I never before imagined was possible. I made more money with a few phone calls than I did in my entire first year as a blogger.

I’ve made several comments over the years recommending real estate investing as the most powerful form of passive income.

The reason it’s so powerful compared to other passive income sources such as stocks, blogging, or bulk candy vending is: there are six ways it makes you money.

I find it interesting that wisdom is often clearly laid out before everyone in a book or a lecture, and few truly understand it. It’s just as Napoleon Hill wrote in “Think and Grow Rich” when he hinted that one needs to re-read the book several times; and even then, the wisdom can only be captured when a person is ready to hear it.

One of the greatest things about real estate investing is that anyone can do it. People think they need money or credit to become a real estate investor, but that is simply not the case.