Real Estate Investing Success–Jeff Kaller Style
By · CommentsI was thinking about simple ideas that would make a difference for you as a new or even experienced real estate investor:
1. Training and knowledge are the keys real estate investing success.
I know this may sound rather self-serving being a trainer and a sharer of information but I have personally invested over $100,000 on my own education. I can honestly tell you trying to do it cheap NEVER works. All you get is the education, you don’t get the pay-off (i.e. the money.)
Big deal. You want the pay-off, so invest in yourself first.
2. Any economy allows for success in real estate investing.
Lots of people believe that real estate success is only possible in a booming economy, so they’re sitting this one out.
Their mistake.
Short sales are a poor economy strategy, to be sure. Yet, I and my partners have made a literal fortune.
To the point: You should be aware poor economic situations are NOT usually bad for real estate investors. There are bargains galore out there.
3. A lot of money/capital is NOT vital to your success as a real estate investor.
You can succeed in real estate investing no matter how much money you have. Many types of deals enable you to use other people’s money to do them. If you look like a good investment, a private lender may let you use their money.
There is NO EXCUSE not to be in real estate right now. Money, credit and capital should NOT deter you.
-Jeff Kaller
Why so elusive?
By · CommentsWhy is success and wealth in real estate investing so elusive?
Every week it seems, I am helping people that have tried and tried and tried. And still they have nothing to show for their efforts.
Let me give it to you quick and straight:
1. Real estate investing FORCES you to think like entrepreneur. You have no choice–you must make a profit.
2. You’ve got be quick on your feet… Not only is massive and immediate action a requisite, but you’ve to be two steps ahead in terms of your thinking.
3. You’ve got to know the math, backwards and forwards. The math always has to work.
4. You’ve got to be a people person. The best in the business know real estate is a people business, not a real estate or financial one.
Yes, there are other important skills, qualities and characteristics that would be valuable. But MASTER these and your success is assured.
- Jeff Kaller
The Inner Game of Short Sales?
By · CommentsI have been thinking a lot about improving my game.
My inner game that is.
One doesn’t have to a financial genius today to know that things are bad and going to get worse before they get better, especially in real estate. Read about it enough and it’s enough to get you down.
But please don’t allow it to.
It may seem overwhelming, and it may also deeply affect you personally, as well as financially.
But the key is to focus on what you CAN do.
I think these are times that test a person’s mettle. Their ability to decide, commit, and to preservere until the goal, whatever it may be, is finally reached.
There’s a lot of fear out there right now. Things that can keep you from focusing on things you CAN do.
Don’t let it.
When I was suffering cashflow problem and foreclosure was starring me in the face, you bet I was scared.
My mettle has been tested on many an occasion in my life. To ultimately succeed, what I tend to do is focus on my previous successes where I did take action, where I DID succeed, despite the challenges and despite the odds.
In short sales, you can also be challenged. In fact it’s quite easy to be. (Ask me how I know?)
But I have to say that the resources and opportunities you have today dwarf what I had even 3 years ago. But the people focusing on short sales today and know what they are doing, are reaping the rewards of their efforts.
They focused on their training, they focused on their success-oriented mindset, they focused on the opportunity, and then let nature and God take care of everything else.
To the point: No matter how much money you have or may not have, you do not have to let this economy or situation get to you.
I hate to sound like a motivational speaker, but success (and wealth, for that matter) really is a mindset, not just an outcome you want.
- Jeff Kaller
People deserve to succeed in short sales. Many struggle and with 31% of existing home sales being short sales, the industry is having a tough time transitioning to this phenomenal influx of properties.
Enter Hunter Paschall. He’s is one of my students. And he’s gone on to do great things for his clients as well as himself.
Hunter’s out there making a difference.
Go here and watch the video:
http://karcg.wordpress.com/2009/08/26/stop-the-bank-from-taking-that-foreclosure/
Now, you may say the video is rather promotional. So what??? Who cares???
Let’s think about this for a second. Someone real and genuine was willing to get up on video and to the world tell people that Hunter knows his stuff. That he helped them tremendously with a short sale.
That’s impressive to me.
That may not be impressive to you, but my hat’s off to Hunter.
- Jeff Kaller
If I can, you can too…
By · CommentsOne of the biggest pleasures I get these days is helping people. Especially with short sales and pre-foreclosures.
People who are struggling financially.
Every single day I am in contact with many people who are hoping and praying for a money miracle.
I am NOT trying to be flippant or insensitive in the least.
Those who know me will tell you I am one of the most caring people they know.
But here’s the thing: If you don’t or can’t move forward, if you’re paralyzed by fear, if you don’t demonstrate some initiative and self-motivation, people will be less inclined to help you.
It’s a fact.
No matter who you are or what your setbacks, you MUST power your way through it.
Believe me. Take it from one who knows. You have no other option.
Do that, and angels which you never even knew existed WILL come to your aid.
Again, believe me. Take it from one who knows.
So how do you take action?
1. Accept the reality. You are where you are and it’s your responsibility to get yourself out of your situation.
2. Look for opportunity. No matter who you are opportunity is like bus stop. There’s another opportunity coming in about 15 minutes. It’s up to you to jump on the bus and ride it to whether it leads.
Again, what I am offering sounds simple. But it’s hard, make no mistake. But it can be done. You must make a concerted, deliberate, massive effort. But YOU CAN DO IT.
If I can, you can too.
- Jeff Kaller
