Check your Bank Account - YOU have been SWINDLED!

These days working in the real estate field has shown me alot of things from the good to the bad. Some of the things in creative real estate that I have seen enters the gray area to even the illegal. I have a few leads in which the homeowner has been "refi'ed" from lower rate to a higher rate in order to get their equity and the "professional" took their equity! I have even seen several properties appraised over 25% of their fair market value at EXCELLENT condition and the property needs about 100K in work!

In my case, I have been defrauded by various "friends" and also "contractors" who can get me a great price. Even then I have talked to various people who said they can do something and afterwords when I confronted them about their credentials they say, "you either take it or leave it". I left it.

Just this morning my friend from the west coast is leaving the country after an incident in which his group lost the capital of the investment group. They lost the money to a "dealmaker" who was giving them a great discount on some assets.

There is much to be said about trusting people. Giving them the benefit of the doubt, treating them with respect, and creating value for others. What is least talked about is how to insure your interests in things.

I spoke to an investor in California. I asked her does she invest her money with other investment groups. With a quick answer she said - NO! She shared with me a story of how a guy was taking money from a fund of investors. She instead will do her own deals and make them work.

Like Warren Buffet mentions, do not diversify but instead take on the responsibility of investing on what you know and watch the basket of eggs like a hawk! Yet even the best hawks got swindled.

Suffice to say I can go on and on on some of the various scams I have personally seen and heard in my circles but here are some best practices when investing:

1. KNOW WHO YOU ARE INVESTING WITH. How long have they been doing this? What is an example of their project? Do you feel comfortable with them? Are they putting money up in the first few projects to show how confident they are in the deals? Any references?

2. CHECK THE REFERENCES. After I lost money last year to people who promised certain things and didn't perform. I started checking the licenses and information about the companies that are investors. I check the personal references as well as professional ones. I even check the city and state if possible. Kiyosaki mentions that each dollar is an employee so is each investment manager. I take time to interview them. Remember to take time to hire and quick to fire!

3. KNOW WHAT YOU ARE INVESTING IN. Of course if you don't know, ask for information. With the bigger companies it is called a prospectus. With smaller companies ask for brocehures or talk to the principal of the company to understand what they are doing.

4. INVEST ACCORDING TO YOUR PLAN (Note: If you don't have a plan - MAKE ONE!). When I invested with a "friend", I understood what they were doing and trusted that they knew also. I put in only several thousand dollars to see if they would be able to produce. They were not. My plan was not to invest over a flat amount. I stayed with it and took a small loss. I am able to handle it and move on. Others were not as fortunate and are proceeding with ligitation.

5. MEASURE THE RISK AND REWARD (KNOW YOUR #'s). In the above scenario, I calculated 100% return on investment as the reward and a risk of 0% if it failed. I was able to handle the #s as concided with my philosophy of investing and also my risk tolerance. Playing the cashflow board game has been invaluable in simplying the #s and also the strategies.

6. WHAT IS YOUR EXIT STRATEGY? Every investment has an exit strategy. If you don't have one then you will find it a mess. Find out when you can take out money and when you can't. Put a time cost on it and then move on. This is another major reason why newbies investors fail. They don't know their exit.

7. SCREW THEM OVER. One of my friends came up to me and asked me for my opinion. He was telling me he was doing a new construction from his single home to two homes in Staten Island. After some discussion, he found out that the contractor forged his signature and took a draw from the bank without him noticing. Immediately I said, "how much?" He told me, "oh about $150K, what do you think I should do?". I said, "GO AFTER HIM RIGHT NOW! Don't waste your time. Anyone stealing from me is a crook. GO!". My friend said he wanted to wait for the contractor to finish some stuff that is left before reporting him. Basically give him some chances.
I looked at him and was baffled and shared my experience. It is not only a trust issue but business wise every time I wait I am losing money. In addition, if someone steals once they will steal again.
Now I believe in trust, love, patience, etc... I truly have generous spirit and faith in people. Yet, working in the real estate field there are quite a few they don't play that way. They are instead selfish and consider only their desires without regards to others. I know in life we do break the rules in order to fulfill a deeper need like breaking the speed limit on the highway to drive a spouse to the hospital for labor, etc... Yet in these cases, there are people who only care about themselves. In this way I say, "SCREW THEM". Is it an eye for an eye? Yeap but sometimes God uses people to effect a lesson. God works in mysterious ways. Sometimes God uses us.

Ok these should be some guidelines. If you have any feel free to post and let me know.

Enjoy your day!

Learning How to Market and Sell

After months of inconsistent results one of the areas of weaknesses is the leads that are coming in and also conversion. I haven't been updating as much due to learning how to market and sell. Something so simple yet so powerful that it is not stressed as much in the various real estate guru programs but it is nevertheless critical.

It seems so simple yet books and courses can be written about how important these skills are. Without them the business doesn't even start and is dead. I am currently using the SalesDogs (www.salesdogs.com ) training materials by Blair Singer to start off improving my communication skills. I am also reading the book The Greatest Salesman in the World by Og Mandino to create a better positive self image to sell better.

Lastly I have been fortunate enough to enroll 5 other cashflow members in joining with me on how to sell. We have committed to meeting 4 sequential weekdays to practice on this. It is exciting!

My Top 10 Things that a Newbie Should Do to get Started in the Real Estate Business

Buyer Beware: There are more than 10 top things.

However, here is MY Top 10 list of things a newbie should do to get started in this business:

1) Read EVERYTHING available to you that is free at the library about Creative Real Estate investing, even if the book is old.

2) Read AS MUCH AS YOU CAN while drinking coffee at Barnes & Noble. Buy what interests you and you can afford.

3) Find and join a local (or as local as you can get) Real Estate Investment Club. Look at http://www.nationalreia.com/ to help find one.

4) Call every one of the "We Buy Houses" ads in you local newspapers and talk to the investor. Offer to buy him/her lunch for 30-60 minutes of their time while you pick their brain and explain your current situation.

5) Do an in depth analysis of your current and short term (1 year) financial situation. You need to know a) how much cash you have available immediately to help you find and close deals. This is money that you DO NOT NEED to help pay your bills or feed your face. What is your borrowing capacity, ie Credit score, non-liquid assets that have equity to use as collateral, etc.

6) Using what you have learned above, cultivate relationships with one or two mortgage brokers, bankers, real estate agents.

7) Start a basic business plan targeting only one or two areas of investing, it rehabs, wholesales, flips, subject to's, whatever floats your boat. You'll know what these mean after you do steps 1-4.

My advice to newbies that don't have great credit and large cash reserves: start by flipping (wholesaling). This is where you get a property under contract and "flip" or assign it to another investor.
Advantages: Fast payday, little risk, gets you in the game while you learn more.

Get Bill Bronchick's course "Flipping". It has everything you need to get started. How to do the business, some marketing ideas, all the contracts and forms you'll need. Other than Flipping, make sure you spend significant time on your exit strategies - this is where you realize the profit. Have this in place. Are you going to be a long term hold landlord, or a 3 months rehab and sell flipper, or a wholesaler that never takes title, or.... You get the picture. While you make your profit when you buy, you don't realize it until you sell.

8) Develope a marketing plan. Of all 10 items I list, this is one of the most important. You can spend all kinds of time learning about creative real estate and
how to structure deals, but if you can't find a deal, you are just swimming in acedemia. It must be a 2-sided plan. First part on how to FIND deals, Part Two on Exit Strategy Marketing.

I suggest Ben Innes-Ker's course, "Motivated Seller Magnet". It is inexpensive, and contains truly valuable materials so you don't have to start from scratch, especially if you don't have a marketing degree.

9) Start calling and visiting prospective sellers. Don't worry about making mistakes. Learn from them. If you think you've got a hot one, call on one or more
of your new friends from Step 6.

10) Do your first Deal! Now your hooked like a meth addict. Welcome to the Club.

Dutch
Oklahoma

Helping Homeowners in Central Oklahoma
STOP FORECLOSURE / SAVE YOUR HOME / SAVE YOUR CREDIT
http://www.OKHomesavers.com
We Pay CASH for Referrals!!

Do You Have Billion Dollar Business Idea?

Hi All,

I was going through the various websites and I caught this one:

http://billiondollarbusiness.blogspot.com

This is authored by Donald Mitchell of the 2000% Solution and other published materials. The website details the Mastermind which is international and building a billion dollar business idea. I wrote to him briefly and he seems to be an open person who has some interesting ideas. I am looking to see what his expertise is on building a world class billion dollar business. Despite all the get quick rich schemes I find that building a billion dollar business does require good business entrepreneurial accumen. If anyone has any comments please let me know. It is a good read to expand one's horizons.

I got this from my daily readings on business and I thought it was very true. Working as an entrepreneur or any type of worthy productive activity - Leadership is required. I feel that many times my perception of leadership to get everyone involved is more important than leading people in a good direction. I find when I am not clear about my vision / intentions then the result becomes muddled and inconsistent. Leadership requires having a clear vision and it makes things better. At this time I have been working with a staff in the Cashflow group in NYC. It has been at times pulling teeth as many don't seem to want to be a leader. They want to follow. This also happens in my business. If I do move and grow then the business doesn't move and grow.
It is so true to get people motivated and willing to work. It comes from within first.

____________________________________________________________

"Leadership is the art of getting someone else to do something you want done because he wants to do it."

- Dwight D. Eisenhower

Two Myths About Leadership

By Michael Masterson

Did you know that the average age of the people who write for Forbes, Fortune, Business Week, and The Wall Street Journal is something like 29 years old?

Don't get me wrong. I read these publications. And I understand the necessity of hiring young, inexperienced writers. But because I have been on the inside of the business-publishing world, I'm skeptical about what I read in the business press ... and especially so about advice that is given.

Such is the case with the advice I read about leadership. For the most part, the ideas seem wrong to me. They don't correspond to anything I've experienced myself, and they don't equate with practices I've seen as a consultant to business owners.

It's not a conspiracy. It's the process that's the problem. I know how secondhand information works. It gets misunderstood, oversimplified, and distorted. And if that's not bad enough, it also gets cleaned up, edited, prettified. Not, in the latter case, by the writers, but by the experts who are being interviewed. (When asked about the secret to his success, what business leader wouldn't want to give motivating credit to his troops?)

Good business writers know how to recognize an interesting idea and present it in a clear, convincing manner. That is good - so long as the idea itself is good. But if the idea is wrong ... then the good writing only serves to waste your time (or do you harm).

There are a lot of myths about leadership floating around out there. And if you take those myths as truth, you can seriously damage your business. Let's take a closer look at two of them, find out why they're wrong ... and what techniques the REAL leaders use.

MYTH #1: "Soft" Leadership Skills Work

I once read an article in which a spokesman for Office Team, a business consulting firm, said "If companies want to be successful in the future, they'll have to adopt soft leadership skills." By this, he meant that you should be listening to your employees, sharing feelings with them, and keeping an open mind "to all kinds of ideas - even bad ones."

If you don't learn these soft skills, the consultancy says, you will be in trouble. Because these softer skills will soon "completely replace the older, harder skills of planning, persuasion, and discipline." Office Team says: "The future office environment won't allow for command-and-control focused management style. Employees want to contribute to decisions and offer creative solutions."

This sort of thinking completely contradicts my own experience. From what I've seen, most employees want leadership. And leadership to them means that someone else solves the problems and tells them what to do about them.

As a leader in your business, you are earning big bucks to do the hard thinking, to make the tough decisions, and to get the job done - even if that means pushing the weight uphill. Yes, you should be open to new ideas. Yes, you should talk to the rank-and-file workers. Yes, you should pay attention to your employees. But the big decisions about where to go and what to make and how to solve the company's problems are ultimately yours.

This requires vision, knowledge, skill, and (most certainly) good ideas. But even more important is an understanding of how to get people to embrace your ideas and work to achieve them ... even in the face of criticism and adversity.

So how do you do it? By making the work worthwhile.
For a perfect example, look to some of the great religious leaders of history. From Jesus Christ to Gandhi, these leaders were able to persuade large groups of people to do all kinds of great and difficult work, merely by creating the idea that the work itself was good. (Yes, there may have been some bribing going on there - the promise of heaven, and all that. But I can't imagine that so many people would have made so many sacrifices without believing that the work itself was worthwhile.)

MYTH #2 "Allowing participation is more important than sharing your vision."

This myth is another gem gleaned from an article in a prestigious business publication. The premise seems to be that, when it comes to setting goals, leaders should focus on fostering and improving employee participation rather than on creating a plan for better business.

That is just silly. Utterly silly. But it was a serious recommendation offered up in sober language by some earnest young writer quoting from some ex-tough-guy businessperson who wanted to sugarcoat his career.

Back here in the real world ... a leader can delegate a great deal of responsibility if he surrounds himself with good people. But the one thing he can never delegate is the job of establishing goals and creating a vision. Unless, that is, he wants to cease being a leader.

Dreaming about what your business can accomplish, thinking about how far it can go and how great it can be, is the most important job you can do. If you are a leader, now or in the future, you must spend much of your spare time doing that.

Yes, you can ask questions. Yes, you can seek advice. But when it comes down to deciding where you want your business to go and what you want it to achieve, you've got to do it yourself. Then ... you've got to share your vision.

It is not easy to inspire work. Those who can have one thing in common: They have a keen ability to create and communicate a compelling vision. This is essential for effective leadership. Most real authorities on leadership recognize this. You can be fairly limited in other intellectual qualities but strong in audacity and the ability to communicate a picture - and still be a successful leader. (Ronald Reagan proved that, didn't he?)

The same can be said for leaders of social causes. When ordinary citizens work tirelessly to respond to a crisis or natural disaster, they do so not for any of the normal reasons that employees work. They do it because they feel that they are compelled by a vision. They feel engaged in a worthwhile process.

Think about religion today. All those apostles you see at airports. Why do they work like that? Why do they submit themselves to that kind of indignity? It's not for the money; they get none. And it's not for public approval; they get the opposite. They shave their heads, put on robes, and spend countless hours begging ... because they believe that what they are doing is good. It's as simple - and as powerful - as that.

To be a great leader, you have to:
• Spend time thinking about how you can make things better.
• Make people believe in the goodness of your ideas.

If you can do both of these things, your employees will gladly work for you. They will beg for you. They will fight for you. And in extreme cases (not that this is something you'd hope for), they may even die for you.

To become a leader is to become powerful and important. To become a leader is to put yourself in a position of authority and influence. To become a leader is a responsibility and a privilege. It can change your life faster and further than just about anything else you can learn to do. And the way to do that is to create a compelling, worthwhile vision and inspire your employees to follow through with the work itself.

Real Time Real Estate Valuations from Zillow.com

People have been sharing with me about the newly launched website www.zillow.com which is supposed to provide real time valuations on real estate nationwide. I have done some with my current residence which is fairly accurate and some with the real estate projects I have been doing. The market area in Philadelphia is flaky as it is a highly appreciating market and tough to get a good comp as they are going block per block

Otherwise this is another tool to use in doing your due diligence for the valuation of how much your property is worth fully renovated.

For more info:
Zillow unveils real-time home values service
http://seattlepi.nwsource.com/business/258748_zillow08.html

Zillow Goes Live -- Too Soon?

http://www.businessweek.com/the_thread/hotproperty/archives/2006/02/zillow_goes_liv.html

Want to Accelerate Your Learning Financial Literacy? Play Cashflow!

I have been playing the game Cashflow by Robert Kiyosaki - NYT Best Seller author of the book "Rich Dad Poor Dad". There are so many insights in that book and the succeeding books that it peers into building financial literacy and the game of money being played from the smallest person to the largest corporations and countries. I have been playing for several years now and I host a club in one of the metro NYC areas.

What I have learned is:
* How to recongnize a good or bad deal.
* What is an asset and what is a liability.
* How to read a basic financial statement.
* How abundant the opportunities are out there to create wealth.
* How to communicate with others to joint venture or negotiate favorable terms.
* When to leverage and when not to leverage.
* What are some of the challenges I have to attain wealth.

There are many more insights that I have learned and implement in real life as I take some of the principles and apply to real life and back to the game. I have played well over a hundred games and I learn about myself and others through it. I have also played with people who are advanced in real life and proceed to continue to learn through it.

In addition, I have hosted the game many times as I am self fulfilled when sharing my knowledge to others. I have many times found people say how interesting or something they didn't realize or how much they learned when playing when I am hosting / teaching. Right now I don't have as much time to do it and also I am aiming to build a stronger foundation and core to the group so I collaborated with another member to systematize the hosting. It should be very interesting work.

If you haven't yet I suggest you purchase the game and begin to learn about yourself and how to build wealth.

Updates:

Friday January 20, 2006 Cashflow Session
Something to share about yesterday's meeting.

The last few months we have received a sporadic few people who are inconsistent in coming to play the cashflow games. I believe it is due to the energy that the group has dwindled to. Inconsistent focus and commitment to one's inner truth.

The core members have been discussing changing the group dynamics with the possibilty of closing the group to other newcomers and making it into a MASTERMIND or investment club to enable the core members to focus on improving each other. In addtion, we have various other cashflow groups that just play the game just to play it without regards to implementing the philosophy in real life and other larger groups that are doing it in real life.

So yesterday we didn't see a large turn out of people so we were going to move forward and discuss about how to actualize our dreams in real life with tangible action steps.

In less than a few minutes, 3 newcomers joined us. 2 of which said they were creating an investment club and saw we were playing the game (they played frequently on the egame and several times on the board game). 1 came once and that was a few months ago.

Fast forward after 2.5 hrs and the reactions are: "wow", "I never saw that before", "I have to come back", "This is great", "There is so much information that I am overwhelmed in a good way", etc....

The newcomers were glad that there were people who were generous to be open and give back to others.

A few things at random that floated in my mind:
* It is good to give back to the community. I always felt that it is possibly ego driven but I enjoy sharing what I know.
* The hosting system that we created needs more tweaking but we will have a hosting system tweaked out in the next few weeks.
* Keeping the group open gives new blood and to feel that wonder of seeing the game new is fun.
* We are growing our brothers and sisters in life. I totally respect others who are serious about their lives and want to live to the fullest.
* Not all are ready to embark on the journey as many have said they will come but they don't come.
* Be inspired by ourselves first. This will enroll and inspire others.

________________________________________________________________________

Articles

Chicago Tribune 1/17/2006 (you may need to register for free on this site)
http://www.chicagotribune.com/news/nationworld/chi-0601170164jan17,1,2379933.story?page=1&ctrack=1&cset=true

Who is Time's 2005 Persons of the Year?

Time has named Bono, Bill and Melinda gates to be 2005 Persons of the Year. The whole article is located here:

http://www.time.com/time/magazine/article/0,9171,1142278,00.html

Persons of the Year

By NANCY GIBBS

Posted Monday, Dec. 19, 2005
These are not the people you expect to come to the rescue. Rock stars are designed to be shiny, shallow creatures, furloughed from reality for all time. Billionaires are even more removed, nestled atop fantastic wealth where they never again have to place their own calls or defrost dinner or fly commercial. So Bono spends several thousand dollars at a restaurant for a nice Pinot Noir, and Bill Gates, the great predator of the Internet age, has a trampoline room in his $100 million house. It makes you think that if these guys can decide to make it their mission to save the world, partner with people they would never otherwise meet, care about causes that are not sexy or dignified in the ways that celebrities normally require, then no one really has a good excuse anymore for just staying on the sidelines and watching.

Such is the nature of Bono's fame that just about everyone in the world wants to meet him--except for the richest man in the world, who thought it would be a waste of time. "World health is immensely complicated," says Gates, recalling that first encounter in 2002. "It doesn't really boil down to a 'Let's be nice' analysis. So I thought a meeting wouldn't be all that valuable."

It took about three minutes with Bono for Gates to change his mind. Bill and his wife Melinda, another computer nerd turned poverty warrior, love facts and data with a tenderness most people reserve for their children, and Bono was hurling metrics across the table as fast as they could keep up. "He was every bit the geek that we are," says Gates Foundation chief Patty Stonesifer, who helped broker that first summit. "He just happens to be a geek who is a fantastic musician."

And so another alliance was born: unlikely, unsentimental, hard nosed, clear eyed and dead set on driving poverty into history. The rocker's job is to be raucous, grab our attention. The engineers' job is to make things work. 2005 is the year they turned the corner, when Bono charmed and bullied and morally blackmailed the leaders of the world's richest countries into forgiving $40 billion in debt owed by the poorest; now those countries can spend the money on health and schools rather than interest payments--and have no more excuses for not doing so. The Gateses, having built the world's biggest charity, with a $29 billion endowment, spent the year giving more money away faster than anyone ever has, including nearly half a billion dollars for the Grand Challenges, in which they asked the very best brains in the world how they would solve a huge problem, like inventing a vaccine that needs no needles and no refrigeration, if they had the money to do it.

It would be easy to watch the alliance in action and imagine the division of labor: head and heart, business and culture; one side brings the money, the other side the buzz. But like many great teams, this one is more than the sum of its symbols. Apart from his music stardom, Bono is a busy capitalist (he's a named partner in a $2 billion private equity firm), moves in political circles like a very charming shark, aptly named his organization DATA (debt, AIDS, trade, Africa) to capture both the breadth of his ambitions and the depth of his research. Meanwhile, you could watch Bill and Melinda coolly calculate how many lives will be saved by each billion they spend and miss how impassioned they are about the suffering they have seen. "He's changing the world twice," says Bono of Bill. "And the second act for Bill Gates may be the one that history regards more."

For being shrewd about doing good, for rewiring politics and re-engineering justice, for making mercy smarter and hope strategic and then daring the rest of us to follow, Bill and Melinda Gates and Bono are TIME's Persons of the Year.

As it happens, they have arrived at the right time, as America stirs itself awake from the dreamy indifference with which the world's poor have forever been treated. In ordinary times, we give when it's easy: a gesture, a reflex, a salve to conscience. The entreaties come on late-night TV from well-meaning but long-discarded celebrities who cuddle with big-eyed children and appeal to pity and guilt. Maybe we send off a check, hope it will help someone somewhere stay alive for another day. That is not the model for the current crusaders or the message for these extraordinary times.

This was already a year that redefined generosity. Americans gave more money to tsunami relief, more than $1.6 billion, than to any overseas mission ever before. The Hurricane Season from Hell brought another outpouring of money and time and water bottles and socks and coats and offers of refuge, some $2.7 billion so far. The public failure of government to manage disaster became the political story of the year. But the private response of individuals, from every last lemonade stand to every mitten drive, is the human story of 2005.

"Katrina created one tragedy and revealed another," Melinda Gates said in a speech after the hurricane. "We have to address the inequities that were not created by the hurricanes but exposed by them. We have to ensure that people have the opportunity to make the most of their lives." That just about captures the larger mission she and her husband have embraced. In the poorest countries, every day is as deadly as a hurricane. Malaria kills two African children a minute, round the clock. In that minute a woman dies from complications during pregnancy, nine people get infected with HIV, three people die of TB. A vast host of aid workers and agencies and national governments and international organizations have struggled for years to get ahead of the problem but often fell behind. The task was too big, too complicated. There was no one in charge, no consensus about what to do first and never enough money to do it. In Muslim parts of Ethiopia, aid workers can't talk to teenage girls about condoms to prevent AIDS; but in Tanzania they're encouraged to. How you cut an umbilical cord can determine whether a baby risks a fatal infection, but every culture has its own traditions. They cut with a coin for luck in Nepal and a stone in Bolivia, where they think if you use a razor blade the child will grow up to be a thief. There is no one solution to fit all countries, and so the model the Gates Foundation and Bono have embraced pulls in everyone, at every level. Think globally. Act carefully. Prove what works. Then use whatever levers you have to get it done.

The challenge of "stupid poverty"--the people who die for want of a $2 pill because they live on $1 a day--was enough to draw Gates away from Microsoft years before he intended to shift his focus from making money to giving it away. He and Melinda looked around and recognized a systems failure. "Those lives were being treated as if they weren't valuable," Gates told FORTUNE in 2002. "Well, when you have the resources that could make a very big impact, you can't just say to yourself, 'O.K., when I'm 60, I'll get around to that. Stand by.'"

There have always been rich and famous people who feel the call to "give back," which is where big marble buildings and opera houses come from. But Bill and Melinda didn't set out to win any prizes--or friends. "They've gone into international health," says Paul Farmer, a public-health pioneer, "and said, 'What, are you guys kidding? Is this the best you can do?'" Gates' standards are shaping the charitable marketplace as he has the software universe. "He wants to know where every penny goes," says Bono, whose DATA got off the ground with a Gates Foundation grant. "Not because those pennies mean so much to him, but because he's demanding efficiency." His rigor has been a blessing to everyone--not least of all Bono, who was at particular risk of not being taken seriously, just another guilty white guy pestering people for more money without focusing on where it goes. "When an Irish rock star starts talking about it, people go, yeah, you're paid to be indulged and have these ideas," Bono says. "But when Bill Gates says you can fix malaria in 10 years, they know he's done a few spreadsheets."

The Gates commitment acts as a catalyst. They needed the drug companies to come on board, and the major health agencies, the churches, the universities and a whole generation of politicians who were raised to believe that foreign aid was about as politically sexy as postal reform. And that is where Bono's campaign comes in. He goes to churches and talks of Christ and the lepers, citing exactly how many passages of Scripture ("2,103") deal with taking care of the poor; he sits in a corporate boardroom and talks about the role of aid in reviving the U.S. brand. He gets Pat Robertson and Susan Sarandon to do a commercial together for his ONE campaign to "Make Poverty History." Then he heads to Washington, where he stops by a meeting of House Democrats to nuzzle them about debt relief before a private lunch with President George W. Bush, whom he praises for tripling aid to Africa over the past four years. Everyone from Republican Senator Rick Santorum to Hillary Clinton used Bono's October concert as a fund raiser. "He knows how to get people to follow him," Stonesifer says. "We are probably a good complement. We're more likely to give you four facts about the disease than four ways that you can go do something about it."

Bono grasps that politicians don't much like being yelled at by activists who tell them no matter what they do, it's not enough. Bono knows it's never enough, but he also knows how to say so in a way that doesn't leave his audience feeling helpless. He invites everyone into the game, in a way that makes them think they are missing something if they hold back. "After so many years in Washington," says retired Senator Jesse Helms of North Carolina, whom Bono recruited to his cause, "I had met enough well-known people to quickly figure out who was genuine and who was there for show. I knew as soon as I met Bono that he was genuine. He has absolutely nothing to gain personally as a result of his work. In fact, he has opened himself to criticism because he has been willing to work with anyone to find help for these children who have taken his heart."

This is not about pity. It's more about passion. Pity sees suffering and wants to ease the pain; passion sees injustice and wants to settle the score. Pity implores the powerful to pay attention; passion warns them about what will happen if they don't. The risk of pity is that it kills with kindness; the promise of passion is that it builds on the hope that the poor are fully capable of helping themselves if given the chance. In 2005 the world's poor needed no more condolences; they needed people to get interested, get mad and then get to work.

Congratulations to Randal Pinkett - Apprentice # 4 !!!!!

YEAHHHH BABY!

I jumped up with excitment after the awaited words - YOU'RE HIRED by Donald Trump on Thursday night December 15, 2005. No I wasn't hired but the 2nd best thing happened - Randal Pinkett was!

He is a native of Newark NJ and one of my business partners went to school with him in Rutgers University. Also he is a neighbor of mine. I thought that the 2nd runner up Rebecca was extremely good in her last task but like Randal said, "there is only one Apprentice!"

Although there is some outrage for Randal not asking Rebecca be hired I believe there are a few factors why she shouldn't have been:

* Her record was 1-2 versus Randal's 3-0.
* Her first loss she was loyal to Toral who not only did a dismal job but also created a question on Rebecca's leadership and decision making ability.
* Rebecca's first win was task 11 in which it was only Randall and Rebecca on the same team.
* All of Randal's suite mates respect him and his style of leadership. In fact 14 of the 16 other candidates agreed that Randal should be the apprentice.
* Randal has years of experience in the real world in leadership while Rebecca is focused more in media.
* Randal shined from Day 1 as he established himself as a major player in contributing to every team he is on.
* Alla, though she is abrasive and head strong, has a better record and exhibited stronger abilities as a leader in many of the tasks.
* There were other 2nd runner ups just as qualified as Rebecca such as Jennifer M in Season 2 or Tana in Season 3 (yes she has tough last task but her record is better than Rebecca).
* Randal was right - there is only ONE Apprentice. This is the reason for the show. It would dilute his win and his achievements.

Here are Apprentice related links:
Randal's website
http://www.randalpinkett.com

Official NBC Apprentice Website
http://www.nbc.com/The_Apprentice_4/

Yahoo Apprentice Website
http://apprentice.tv.yahoo.com/trump/04/

Thanksgiving 2005!

It has been a long month as many of the deals that I have been working on has not moved much or have died. It feels like I am spinning a bunch of dishes on some poles and sooner than later the dishes just spun out and cracked. For a time, it was a relief but also much disappointment.

I felt "when is this business really going to take off?". After a day of centering myself by taking a break by going to the Hudson Trail in NJ, I was reminded about the simple joys in life that don't cost money but instead just requires an open heart.

It is good and I gives thanks for the simple things in my life:

* My family - although it seems that there is continual disagreements as usual, I love my family and knowing that it gives me a reason to wake up.

* My friends - they are good and knowing them sharpens me to be a better person, it is truly a gift to have friends that don't necessarily criticize but instead support

* My God - having this life is a gift and I give thanks to God for it, it is very simple for me to forget where things have come from and it is a good to be reminded that life and beauty and love comes from the Source in life.

* My life - it has been a year of learning and creating, there are times that I don't but I am encouraged by times that I remind myself of the life that I have is a good life, going to the Great Life really focused on self love and to appreciate the value that I am and I show up in this life.

* My health - I know that I abuse my body from time to time whether it be an extra hour in the gym or the late night munchies but I am thankful for how it is good that I can walk, talk, exercise, and still be young in the things that I do


Oh.. the list can go on and on but I appreciate the blessings that I have in life. Things are much easier when I see life with a childlike playful attitude and show up in life with all the joy, love, and faith to enjoy it!

Maintaining a Positive Attitude by Brian Tracy

Maintaining a Positive Attitude

By Brian Tracy

When I was 21 years old, a friend of mine and I decided to go off to see the world. Many of our friends were going to Europe and hitchhiking around with rucksacks. We decided to be different and go to Africa.

We had no idea how serious and how difficult this adventure was to be. As we drove south across the Sahara Desert, we encountered endless problems, any one of which could have finished our trip ... or our lives.

The prospect of getting across that immense desert was so daunting, it could have stopped us dead in our tracks. Instead, we learned a lesson that turned out to be one that I have since applied to every aspect of my life.

The French, who had controlled Algeria for many years, had marked a path across the desert with 55-gallon oil drums spaced exactly five kilometers apart. As we came to an oil drum, the next drum would pop up on the horizon and the last oil drum would fall off the horizon, as if shot in a shooting gallery. Wherever we were, we could always see two oil drums - the one we had just left and the one we were headed toward. And it looked like our journey was never going to end.

We could have thrown up our hands and said, "This is impossible!" But we didn't. We adopted a Positive Mental Attitude and realized that to achieve our goal, all we had to do was take it one step (one oil barrel) at a time.

A Positive Mental Attitude is indispensable to success. By focusing on doing what lies clearly at hand ... by taking the step that appears immediately in front of you ... that will automatically lead you to the next step, and the next, and so on. Eventually, you will find yourself where you want to be.

But there is much more to a Positive Mental Attitude than this. You can have a positive attitude that immediately disappears in the face of adversity ... or you can have an attitude that is so strong, you are able to remain positive, cheerful, and optimistic, no matter what.

Of course, this isn't as easy as it sounds. Because we are all faced with four obstacles that tend to get in the way of our maintaining a Positive Mental Attitude: fear, worry, anger, and doubt.

We are afraid that we will lose our money, waste our effort, or forfeit our emotional or physical investment. If we are not careful, we start thinking of our potential losses rather than focusing on our potential gains.

Fear triggers worry, and we begin to use our power of imagination to create all sorts of negative images that interfere with our ability to perform effectively.

Fear and worry create anger and doubt. Instead of constantly moving forward in the direction of our dreams, we turn ourselves into victims and begin to blame other people and other situations for our problems.

There are six things you can do to eliminate these obstacles and develop a Positive Mental Attitude:

1. Instead of worrying about who did what and who is to blame, focus on where you want to be and what you want to do. Get a clear mental image of your ideal successful future, and then take whatever action you can to begin moving in that direction.

2. Focus on the solution instead of wasting time rehashing and reflecting on the problem. Solutions are inherently positive, whereas problems are inherently negative. The instant that you begin thinking in terms of solutions, you become a positive and constructive human being.

3. Assume that something good is hidden within each difficulty or challenge. Dr. Norman Vincent Peale, a major proponent of positive thinking, once said, "Whenever God wants to give us a gift, he wraps it up in a problem." The bigger the gift you have coming, the bigger the problem you will receive. And if you look for the gift, you will always find it.

4. Assume that the situation you are facing at the moment is exactly the right situation you need to ultimately be successful. This situation has been sent to you to help you learn something, to help you become better, to help you expand and grow. One of the affirmations I have learned to use is this: "Every situation is a positive situation if I view it as an opportunity for growth and self-mastery." You cannot say that without thinking positive thoughts, feeling positive emotions, and seeing positive actions that you can take.

5. Assume that every setback contains a lesson that is essential for you to learn. Only when you learn this lesson will you be smart enough and wise enough to go on to achieve the big goals that you have set for yourself. If you are busy looking for the lesson, you cannot simultaneously think about the difficulty or the obstacle. And you will always find the lesson.

6. Whenever you have a goal that is unachieved, a difficulty that is unresolved, or a problem that is blocking you from getting where you want to go, sit down with a pen and piece of paper and make a list of every single thing that you could possibly do to resolve the situation. As you write, all kinds of insights and ideas will pop into your head.

A Positive Mental Attitude is indispensable to your success. And all it takes is for you to always take these six actions that are consistent with achieving your goals rather than actions that make you feel the negative emotions of worry, doubt, anger, and fear.

---

Today's Action Plan

Remember ... you can choose to be positive and constructive in dealing with any adversity. So, starting today, promise yourself that whenever you're faced with a difficult situation, you will sit yourself down, think it through, and then deal with it one oil barrel at a time.

Philadelphia Deal - DEAD! :(

Been working on a rehab deal to get it going. Found it on a website and spoke with the owner. He is a very good and honest man and I told him that I can close the deal. The #s are:

Acquistion: 79K
Closing costs: 25K
Rehab: 100K
Borrowing $ Costs: 15K
Marketing Costs: 12K
After Repair Value: 300K
Selling Costs: 8K

Gross PreTax Profit: 61K (in 6months)

I am sure that I left out some costs but either way it would have been a decent deal. I found out due to issues with my other rehab deal in Graduate Hospital requiring more cash to get it done I will not be able to get this done. I want to beat myself up for this but I am more disappointed that I will not be able to close this deal from the seller who is becoming a friend.

What I am learning:

* Don't overpromise what you can or can't do. Just be open and tell them you will do your best to produce.
* Keep an eye for the big picture but keep the small detail in mind.
* Put as little non refundable downpay (I am losing $2K on this).
* Things do not go perfect in anything but it doesn't mean that you can't smile and just move on.
* Stay focused and keep working on making things happen. If I relax then things will be pushed out.

Right now the Graduate Hospital deal looks ok. We are lining up things. Today I found out that there may be a deal in Brooklyn NY in my home borough. I am excited about it as it can be really something new and beautiful. I love making new things. In the old comes something new.

How Good of a RE Investor are you? Find out!

Really cool game!


http://3form.net/mansion_impossible

Classic: The Strangest Secret by Earl Nightingale

One of the great classics by famous speaker and writer Earl Nightingale:

http://members.audiogenerator.com/postcard/?2961666

Rise Early and Catch the Golden Worm

By Michael Masterson

I zonked out at 10:00 last night and woke up seven hours later. I got up and stepped into the shower. Forty-five minutes later, I was in the office. It's 7 o'clock now, and I've already done 16 things.

For me, going to bed before midnight had always been unthinkable. It was capitulating (see Word to the Wise, below) to a dull life. But as someone's mother once told me, nothing good happens after midnight. And it's true. Ask yourself: Name one thing that you do and/or enjoy more after midnight that you can't do/enjoy better the following morning? No ... not even that!

Every successful businessman I know (or have read about) gets up and gets to work early. It's such a universal trait of accomplished individuals, I'm tempted to say it is a secret for success. "Early to bed and early to rise," Ben Franklin said, "makes a man healthy, wealthy, and wise." I used to think that was propaganda from a Puritan. Now, I think it's an observation from a very wise man.

Healthy, wealthy, and wise. Today, let's talk about how getting up and getting to work early helps you achieve those goals - since my guess is that's the primary reason you read ETR every day.

In my experience, there is no better time to collect your thoughts and plan your day than early in the morning when the office is quiet. Not only are you undisturbed by phone calls and interruptions, but ahead of you is the potential of an unopened day. The solitude promotes a kind of relaxed, contemplative mood. You feel free to think in an expansive way. Later on, when the place is noisy and the pressure is on, it's difficult to pay attention to what's important. You feel your attention drawn in several directions at once. You feel the pressure of deadlines. And you may be hit with bad news, which could put you in a bad, unproductive mood.

A Near-Perfect Morning Routine

Over the years, I've studied hundreds and experimented with dozens of time-saving techniques and organizational systems. The simple three-step program that follows is the best of the best.

Step One: Getting Healthy (6:30 to 7:00)

The first thing I do every day is run sprints. After a four- or five-minute warm-up, I run eight 50-yard dashes, with 30 seconds of rest in between. Then I do a serious 10-minute stretching routine (yoga moves, mostly). Finally, a cold shower and a fresh set of clothes.

The whole routine takes about 30 minutes, but it will completely renew and invigorate your health. This workout is a condensed version of everything I've learned about health and fitness for the past 45 years. (I got interested in the subject when I was 10!) And it has dramatically improved my health. For example, I no longer have the back, shoulder, and neck pain that troubled me for so many years. I am as strong as I was when I was playing football in college. And I rarely get sick. (You'll learn all about this program and why it works so well from ETR's health expert, Jon Herring.)

Step Two: Planning Your Day (7:00 to 7:30)

I didn't always plan my days. I managed to get rich before I developed this habit. But since I've learned how to plan, my productivity has quadrupled. If you use this system, I'll bet you see the same improvement in your own life. I begin each day with a list of "to-dos" that I've usually created the night before. I add to that list by going through my inbox and selecting any items that are important enough to make it to my daily list. After my list is completed, I highlight all tasks that help me accomplish one of my major long-term Life Goals.

I used to scan my e-mail for things to do, but found that I couldn't resist the lure of trying to "knock off" a bunch of little things that wasted my time and drained my energy. Now, I scrupulously avoid e-mail in the morning. In fact, I don't even open it up.

I check phone messages and faxes and add any important items to my daily task list. Again, I don't respond to anything at this point. My job is simply to organize it all, to figure out what I will do today and what I can delegate or do later.

Now, comes the fun part. I get out a clean sheet of paper - or even an index card - and write the date on top. Referencing all the inputs I have just gathered, I select 15 to 20 that I intend to accomplish before the end of the day.

Be realistic when you do this. There is no way you can do more than 15 or 20 significant things in a 10-hour day. And you don't have to work more than 10 hours a day to accomplish everything you need.

Of the 15 or 20 items, highlight four or five of them. These should all be "important-but-not-urgent" tasks. (The urgent tasks you have to do. The important-but-not-urgent tasks are the ones that will advance your Life Goals. They are critical to your success, but you will almost certainly fail to do them unless you make them a priority. That's why you are highlighting them.)

To the right of each item, you might want to indicate how much time you think it will take. (I run a subtotal of the accumulating times to the right of that so there is some relationship between what I want to do and how much time I have to do it.)

As a general rule, it's a good idea to structure all of your tasks so that none lasts more than an hour. 15-minute and 30-minute tasks are best. If you have something that takes several hours to do, break it up into pieces and do it over a few days. It will be better for the extra time you give it ... and you won't get crushed on any one day.

This whole process takes less than 30 minutes, yet it saves me hours of wasted time every day. More importantly ... it helps me focus on what is truly important to my career. (At the beginning of the week, when I'm creating a weekly task list in addition to a daily one, I allocate an extra half-hour. Once a month, I create a monthly list that takes another additional half-hour.)

If you adopt this simple organizing and planning system every morning, you will see how well it works. Before your colleagues, competitors, and coworkers are even sipping their first cup of coffee, you'll have figured out everything you need to do that day to make you healthier, wealthier, and wiser. You will know what to do, you will know what your priorities are, and you will already be thinking about some of them. You will not have to worry about forgetting something important. And you will have a strong sense of energy and excitement, knowing that your day is going to be a productive one.

Step Three: Giving Your Day a Boost (7:30 to 8:30)

Here's the best step. Select the single most important task of the day - the one, highlighted task that will best help you accomplish your most cherished Life Goal - and get to work on that.

Don't worry if something else is more pressing. Don't pay any attention to what everyone else wants you to do. Heck, it's not even 9:00 a.m. yet. It's your time, so spend it on yourself!

If you are having trouble figuring out what your most important task is, ask yourself this question: "If I knew I was going to die in a week, which task would be most important to me now?"

Start with that task. Chances are, it will be something that moves you toward a goal that you have been putting off for many years. There is something in your mind that has so far made it difficult for you to accomplish it.

Don't worry about the negatives. As I said, this time is for you.

If you spend the first working hour of every day on something you deeply care about, it will give you more energy and a better feeling than you can possibly imagine. How do I know this is true? Because it's how I feel every time I do it.

This little three-step program is a truly health-giving, wealth-making, life-changing routine. It has totally transformed my life. I am sure it can do the same for you.

Remember, the entire three steps will take you only two hours. If you start working at 6:30 (and you should!), you'll have done more by 8:30 than your friends, colleagues, and competitors do all day!

Try it tomorrow and tell me if it doesn't work wonders for you!

A Clever Way to Keep Track ...

This system can be complemented by a file-indexing system that a famously organized newspaper publisher showed me several years ago. It requires two accordion folders - one with a pocket for each month and another with pockets for 31 days.

As you go through your e-mail or read correspondence and memos, put aside anything you want to follow up on. Place it in the first accordion folder - in the pocket of the month in which you intend to address it. When that month arrives, there will probably be 30 or 40 sheets of paper stuffed inside. You sort through them and place them in some kind of manageable order in the second accordion file - in each of the days of the month. Then, as each day arrives, you simply extract from that day's pocket the material you've filed there. This is a very easy way to keep track of all your vital data and correspondence without resorting to large, messy stacks of paper.

Success Is What Happens When You Do a Little Bit Extra Each Day

I suppose it's possible for success to come in a single windfall, but most often it arrives bit by bit. My three-step morning routine is a way for you to make yourself super-healthy and give yourself a significant advantage over the people you compete with.

It actually gives you four advantages. You are smarter, fresher, and more enthusiastic - which makes you feel better and enjoy your work. You get a whole lot more accomplished than you would otherwise. You drastically reduce or (some days) eliminate emergencies that interrupt you and drain your energy. And, most important, you spend a much greater percentage of your time doing things that move you along toward the goals you desire.

Today's Action Plan

There is something about getting to work earlier that seems wiser, nobler, smarter, or just plain more industrious than working late. Getting to work earlier says something about being energetic, organized, and in control. Staying late leaves the opposite impression: that you are diligent but disorganized, earnest but erratic, hardworking but a drudge.

In How to Become CEO , Jeffrey J. Fox puts it this way:

"If you are going to be first in your corporation, start practicing by being first on the job. People who arrive at work late don't like their jobs - at least that's what senior management thinks. ... And don't stay at the office until 10 o'clock every night. You are sending a signal that you can't keep up or your personal life is poor."

So here's your Action Plan for today. I want you to figure out what time, on the average, you have been getting to work each day. And I want you to promise yourself that you'll get there at least 30 minutes earlier from now on. An hour earlier is better

Don't fool yourself. If you've been trying to get to work by 8:00 but get there at that time only two days a week, admit that your starting time is 8:15 or 8:30. Then fix your new objective.

Thirty minutes a day multiplied by 50 weeks is 125 hours of extra work. That gives you more than a two-week advantage over those you are competing against. You can accomplish a lot in two weeks, so don't underestimate what this will do for you.

It's not just about doing extra stuff. It's about getting a jump on things. Getting in early makes you better prepared, more thoughtful, better organized, and more effective in every area of your life.

Early to bed, early to rise. It will make you healthier this year ... and wealthier and wiser too.

2nd Philadelphia Rehab - 3bd / 1ba

2nd Philadelphia Rehab 3bd / 1ba

Update:

10/5/2005 - Spoke with my partner. The contractor working on this is asking for $2k more to "finish" this. It will take at least $8K to complete this job and he says he will "honor" his word to finish this job. It is hard to believe as this job was supposed to be finished in July! It is obvious that he has given up on this project and has even misappropriated the funds for the heater. Supposedly he is waiting for his "friend" to fix it. There are alot of lessons to be learned here. Right now looking for a new contractor to finish this up.

5/12/2006 - Partner and I have been busy and now we have a reliable but not the best contractor to finish this up. It is a pain but we are looking to sell or rent out for a year and then sell.

12/19/2006 - We have finally made all the necessary repairs. This deal has been a very challenging one due to budget overruns and lack of a good contractor who does a complete job. We needed to hire handyman / laborers to get the job done. There is alot to be learned. We are using one of the top realtors in Philadelphia to market this for 3 months to see if we can snag a good buyer.

9/12/2007 - FINALLY the property sold... BUT at a loss :( Due to many things especially the budget, time, and rip off contractors this was a very painful lesson. It convinces me more to be on top of my game. I was marketing in the various papers in Philadelphia and most of the residents in Philly do not have cash or do not have the credit to close. The cash was the most important part. Right now it is a long arduous thing. I can't believe it is 2 years since we did this.

What's An Investor? by billionaire Mark Cuban

I was reading some posts and I journeyed to self made billionaire Mark Cuban. He wrote his observations on what is an investor compared to other types of creating wealth such as a "speculator".

Check his blog:

http://www.blogmaverick.com/entry/1234000660060351/

Do You Fear Success Quiz?

Interesting quiz to know if your fear prevents you from succeeding.

http://www.fortune.com/fortune/quizzes/careers/fearsuccess_quiz.html

Leaving a Legacy - Principles to Live By by Jim Rohn

(excerpted from Jim Rohn's Twelfth Pillar of Success: Legacy, Part Two of the Jim Rohn One-Year Success Plan)

You know me, I am a philosopher. I love principles. Yes, actions are great and I talk about them regularly, but the important stuff is what lies underneath--the principles.

Here are what I consider to be the principles that we must commit to if we are to leave the legacy we desire:

1. Life is best lived in service to others.

This doesn't mean that we do not strive for the best for ourselves. It does mean that in all things we serve other people, including our family, co-workers and friends.

2. Consider others' interests as important as your own.

Much of the world suffers simply because people consider only their own interests. People are looking out for number one, but the way to leave a legacy is to also look out for others.

3. Love your neighbor even if you don't like him.

It is interesting that Jesus told us to love others. But he never tells us to like them. Liking people has to do with emotions. Loving people has to do with actions. And what you will find is that when you love them and do good by them, you will more often than not begin to like them.

4. Maintain integrity at all costs.

There are very few things you take to the grave with you. The number one thing is your reputation and good name. When people remember you, you want them to think, "She was the most honest person I knew. What integrity." There are always going to be temptations to cut corners and break your integrity. Do not do it. Do what is right all of the time, no matter what the cost.

5. You must risk in order to gain.

In just about every area of life you must risk in order to gain the reward. In love, you must risk rejection in order to ask that person out for the first time. In investing you must place your capital at risk in the market in order to receive the prize of a growing bank account. When we risk, we gain. And when we gain, we have more to leave for others.

6. You reap what you sow.

In fact, you always reap more than you sow--you plant a seed and reap a bushel. What you give you get. What you put into the ground then grows out of the ground. If you give love you will receive love. If you give time, you will gain time. It is one of the truest laws of the universe. Decide what you want out of life and then begin to sow it.

7. Hard work is never a waste.

No one will say, "It is too bad he was such a good, hard worker." But if you aren't they will surely say, "It's too bad he was so lazy - he could have been so much more!" Hard work will leave a grand legacy. Give it your all on your trip around the earth. You will do a lot of good and leave a terrific legacy.

8. Don't give up when you fail.

Imagine what legacies would have never existed if someone had given up. How many thriving businesses would have been shut down if they quit at their first failure? Everyone fails. It is a fact of life. But those who succeed are those who do not give up when they fail. They keep going and build a successful life - and a legacy.

9. Don't ever stop in your pursuit of a legacy.

Many people have accomplished tremendous things later on in life. There is never a time to stop in your pursuit of a legacy. Sometimes older people will say, "I am 65. I'll never change." That won't build a great life! No, there is always time to do more and achieve more, to help more and serve more, to teach more and to learn more. Keep going and growing that legacy!

These are core principles to live by if you want to become the kind of person who leaves a lasting legacy.

Until next week, let's do something remarkable!
Jim Rohn

Day of Rememberance - September 11, 2005 NYC

My photo album of this day

http://www.flickr.com/photos/20947237@N00