Do I Have to Wear All These Hats?

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In today’s post, David “The Diamond” Oswald shares how to outsource effectively (aka pass out the hats) as a real estate investor …

Do you remember when you started your real estate business, determined that you were not going to work for someone else anymore? What were you looking for?

… the freedom to be your own boss, deciding when and how much you were going to work and getting to keep all the profits?

If you’re like most budding real estate entrepreneurs, you found that the reality is very different. Instead of being stuck at the desk of another company, you find you’re chained to your own desk, often working late into the night in order to get everything done.

Did you ever realize how many hats you would have to wear as a real estate investor?

All the job functions required to run a successful REI business are funneled into one person – you – as you try and become an excellent accountant, marketer, attorney, property researcher, website designer, and, oh yes, a person who actually buys and sells property!

So, what do you do?
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Tags: david oswald, david the diamond oswald, real estate investing, real estate investing outsourcing
Posted in Business Management Systems and Tools, Personal Development | 4 Comments »

2009: A Year in the Life of MustKnowInvesting.com

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Wow! It sure is amazing how time flies, isn’t it?

Sooooo much has happened in only a year …

2009 Kicked off with the Creative Real Estate Solutions in Today’s Market Video Series, then MustKnowInvesting.com turned 1, Trevor Mauch and I launched our Private Money Blueprint System (Holy Cow! What an Undertaking!), the Battle of the REI Blogs, and MUCH MORE.

Thank goodness I decided to get my butt out of bed this past weekend and go to church. That’s where I got the idea to do this post because they put together a “year in review” video with all the highlights of 2009. So, I thought it would be really cool to do a post called …

A Year in the Life of MustKnowInvesting.com

Let’s just jump right in … here we go …

The “Creative Real Estate Solutions in Today’s Market” Video Series

We kicked off the year in January with the Creative Real Estate Solutions in Today’s Market video series (over 2 1/2 hours of solid content). It was a 5 part in depth video series on wholesaling, private money, subject tos, owner financing, and much more. And at the end of the series, we took on a very limited number of students in our mentoring program.

One of those students, Justin Wilmot, a twenty somthin’ self proclaimed surfer dude from Florida, had quite the year; he closed his first wholesale deal, locked up a million dollar credit line through a private money lender, and closed his first rehab deal. To say Justin’s life will never be the same would be quite the understatement.

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Tags: creative real estate investing, creative real estate investing blog, creative real estate video series, david oswald, dusty keefe, Jamel Gibbs, jp moses, mustknowinvesting.com, patrick riddle, Private Money, Private Money Blueprint, real estate investing, real estate investing blog, shae bynes, stephani davis, trevor mauch
Posted in Business Management Systems and Tools, Cool Stuff, Marketing, Negotiating, Personal Development, Property Management, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Renovations, Tips and Tricks | 8 Comments »

Know When To Hold ‘em and When to Fold ‘em

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In today’s post, David “The Diamond” Oswald helps us understand when to hold ‘em and when to fold ‘em …

When is it best to proceed with a deal and when is it better just to step away from it?

I had a recent situation that inspired this article and decided to put it on paper because it involves an important topic of real estate and something that many other investors ask me about:

What is a motivated seller and how can you tell the difference between someone who is motivated and someone who is not?

A motivated seller is someone who is absolutely ready to do business and is craving for you to help them. It’s not someone who wants to have multiple conversations to get to know you, followed by you coming out to snap some pictures of the house, followed by another week or two of them having an attorney look at the documents, followed by another week of them discussing it with their spouse.

I don’t care how great the deal may appear, if your seller does not NEED your services, then you’re probably setting yourself up for a lot of wasted time and a big disappointment in the end.
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Tags: creative real estate investing, david oswald, david the diamond os, david the diamond oswald, motivated sellers, real estate investing, Real Estate Investment Buying Strategies
Posted in Real Estate Investment Buying Strategies | 4 Comments »

Why Aren’t You Taking Action?

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In today’s post, David “The Diamond” Oswald tells us why soooo many people hesitate when it comes to taking action and what to about it . . .

I was thinking the other day about how so many gurus and teachers consistently talk about how the key to success relies on  “taking action immediately.” So if it’s so simple, literally as simple as taking action, why don’t we?

I happen to agree that the action step is the most important part of any new process whether you’re learning to become a real estate investor or anything else under the sun.

Recently, I took a little inventory in my own life to better understand why so many people struggle in this particular area. During my lifetime, I’ve been able to consistently take action, but I’ve found that there have been certain times where I’ve been slow to act.

Here are a few reasons why I believe this happens . . .
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Tags: creative real estate investing, david oswald, david the diamond oswald, Personal Development, real estate investing
Posted in Personal Development, Tips and Tricks | 2 Comments »