Front of House

Notice that our student used neutral colors through out the house.

Bedrooms

Bathrooms

Kitchen

Nice stainless steel appliances and updated cherry cabinets.

Backyard

Cleaned up and re-landscaped.

To learn more about Part-Time REI visit us at http://part-timerei.com/

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The first thing you have to realize is you will have to think about things differently. Think about investing differently. Think about saving differently. Think about earning an income differently.

A strong, successful investor in real estate realizes that a paradigm shift happens in your mind. A person goes from ‘How do I earn money? to ‘How can I save money’? The beauty in this mindset is one paramount realization. There are always limits to how much you can save; but there is no limit to how much you can earn. It is the biggest shift in thinking you will have to make.

A good example of this is Robert T. Kiyosaki author of Rich Dad; Poor Dad and his cash flow quadrant. Your goal as an investor is to be in the bottom right hand quadrant where your money works for you. The ultimate goal for anyone flipping houses or investing in real estate is for investing to be their sole source of income.

Saving money to get rich or to achieve a comfortable retirement is not a good formula. Think about it. You are sacrificing the convented lifestyle right now in your life. Do you want to live a modest lifestyle and settle for a modest retirement? Of course not. And keep in mind that Social Security is anything but secure right now.

Reward comes with risk. The more secure and safer you are with just saving your money the less chance you will actually achieve financial security. Don’t say “I can’t do this.” or “I don’t know how.” Think “How CAN I do this.” If you think you are going to fail then unfortunately you probably will.

So you are probably wondering how to get there. How to gain that confidence to get into that investor mindset. First and foremost educate yourself. Education plus action is the key. Part-Time REI has a Flipping University to help you get started. Our team is also big promoters of mentoring. We believe it is the secret to success. Get connected with the right people.

To learn more about Part-Time REI visit us at http://part-timerei.com/

Be sure to like us on Facebook or Linked In!

“Tell me and I forget, teach me and I may remember, involve me and I learn.”
― Benjamin Franklin

Every one of us out there in life wants to be successful. We want a healthy, happy family, and we want our businesses to thrive. While few in business ever really want to talk about it, unquestionably our biggest fear is failure. Many of us out there work extraordinary hours to ensure success and provide for our families. Like Mark Warner said “My success was due to good luck, hard work, and support and advice from friends and mentors. But most importantly, it depended on me to keep trying after I had failed.”

So let’s talk about mentoring. It’s how people who are great at what they do learned, and it’s how our team learned. It has been said that experience is the best teacher.  But what we suggest is why spend valuable time reinventing the wheel? Part of our Flipping Houses University series talks about learning from others mistakes and the value of time.  Instead, if you learn from those who have been successful before you, you become more successful much faster.

Don’t get us wrong. We highly recommend reading as many books ( we recommend The Book on Flipping by J. Scott) and listening to as many pod casts you can on investing in real estate. As experienced and active investors we are keenly aware of how to lay the foundation for a successful real estate investing business while simultaneously staying ahead of current markets, trends and practices within the housing market. You will definitely put yourself ahead of others by educating yourself and learning the basics. But also check out conferences, seminars, bootcamp etc on flipping houses. Find out what information you can learn to increase your own success.

Our point is some of the greatest, most successful people out there were mentored. You might find it interesting to find out who some of these list as their mentors. Check out this list.

Here are some notable ones

Oprah Winfrey mentored by Mrs. Duncan, her 4th grade teacher.

General Colin Powell mentored by his father, Luther Powell.

Dr. Martin Luther King mentored by Benjamin E. Mays

Henry David Thoreau mentored by Ralph Waldo Emerson

Quincy Jones mentored by Ray Charles

Warren Buffett mentored by Benjamin Graham

Let’s take a look at the last example. At the moldable age of 21, Buffett came across the renowned American economist and professional investor Benjamin Graham.  Warren Buffett, through Graham’s mentoring, became the world’s most successful investor and the most prolific mentor-mentee partnership was born. Warren Buffett went on to own Geico, the company run by his mentor by his own company, Berkshire Hathaway.

The bond shared was a teacher-student one, the in depth understanding and knowledge possessed by Benjamin Graham left the young Warren with the right concepts and perception of how investment systems operate. This mentee used that insight to become one of the richest people in the world. If you take a closer look at some of the most successful figures throughout history, chances are you will find the majority had a mentor that made a positive impact on their lives.

Here are a few of our favorite quotes on mentoring.
“You know, you do need mentors, but in the end, you really just need to believe in yourself.” ~Diana Ross

“Alexander the Great valued learning so highly, that he used to say he was more indebted to Aristotle for giving him knowledge than to his father Philip for life”. ~Samuel Smiles.

To learn more about Part-Time REI visit us at http://part-timerei.com/

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