Dallas-Fort Worth Real Estate Investor Club

Time is Valuable

  • 18 Oct 2012 1:41 AM
    Message # 1106962
    Robin Carriger (Administrator)

    I'm just gonna vent here for a sec, but bear with me.  It gets better.  Multiple times now I've seen specific Facebook "friends" of mine who are full-time real estate pros complaining about people contacting them with questions.  The following quote is a sample from someone I won't name here:

    "Do people think my time is for free? Someone out of the blue asked me to give them some time because they have an owner finance deal and need some advice......................... UMMMMMMM I'm not the Salvation Army."

    Another guy who says his business has declined significantly over the last few years was whining not too long ago about the same thing.  I'm not sure, but maybe his attitude is one of the reasons his business has declined.  In all honesty, I understand where they're coming from, because everybody's time is valuable.  Furthermore, there's also nothing wrong with charging for training, mentoring, etc.  Everyone, including me and you, needs to get paid for his/her time.  However, I still think these attitudes stink, and the judgment of expressing a bad attitude in a public forum may be even worse.

    Regardless of how much I've studied, how much money I've spent on my Real Estate Investment education, or how hard I've worked and continue to work to build multiple, successful Real Estate businesses, the more my businesses grow, the more I'm humbled.  From my perspective, it's all a gift from God for which I'm deeply grateful.  The good news is that He offers it to everyone.  To be successful, all you have to do is enthusiastically put his gift into action.

    With that perspective in mind, since I've been so blessed, I just can't turn someone away who has a quick question and wants to learn.  I may have to defer a conversation from time to time due to schedule challenges, but I never just refuse to talk with someone.  I love Real Estate and I love helping people.  The only exception is when people ask for help, I tell them what to do, and they don't do it.  I won't beat my head on that wall for very long.  On the other hand, if they actually put what I tell them into action, they'll succeed.  When that happens, it can get pretty infectious and fun for both of us.  Before you know it, the newbie becomes a valuable colleague.

    Another piece of good news is that the Real Estate business is really not that complicated for strong-willed, self-starters who won't give up.  So... I guess I'll sum up these thoughts with one we've all heard many times before.  You will reap what you sow.

    Last modified: 18 Oct 2012 1:46 AM | Robin Carriger (Administrator)
  • 18 Oct 2012 10:30 AM
    Reply # 1107233 on 1106962
    Deleted user

    And, for the record, it wasn't me!

    But I have had a request or two that I wasn't able to help with. Granted this is an extreme case, but just last week an "investor" wanted me to go look at three houses in three completely different areas of DFW, prepare rehab estimates, do a current CMA and advise ARV if they decided to do the rehab. I also discovered that the investor hadn't even bothered to go look at the houses herself. In exchange for all of this the person said she "might" use me to list the property, "if" she decides to sell later. I'm sorry, I personally just don't have that kind of free time. Or as Robin would say, I'm just not "that hungry".

    I agree with Robin and don't see that ranting on Facebook is going to do anybody any good. Remaining positive is always best, but there are some "investors" out there that might have some unreasonable expectations.

     

    Joe Stone - RealtorĀ® / Investor

    Exclusive Homes Realty / Texas Blueline Properties

    682-777-0836

    Last modified: 18 Oct 2012 11:41 AM | Deleted user
  • 18 Oct 2012 11:53 AM
    Reply # 1107324 on 1106962
    Robin Carriger (Administrator)
    You're right, Joe.  That does sound extreme.  We talk about finding and working with "Investor Friendly Realtors," but people also have to be "Realtor Friendly Real Estate Investors" or it won't work.  I appreciate the fact that you are actually both.
  • 18 Oct 2012 8:59 PM
    Reply # 1107850 on 1106962
    Deleted user
    What we put out into the Universe, comes back...at the same time "there is no FREE lunch." 

    ...I'm considering all angles. LOL

    I believe as individuals we all share a 'common thread' for our passion in real estate and the income opportunities (profits) the industry avails to any and all of us. Therefore, each investor becomes part of the global RE investor community or 'tapestry'! We are all parts of a collective whole.

    Without successful veteran real estate investors, the rookies would be lost. They often are beacons many new REIs look up to for their guidance and know-how. With the real estate investing business opportunity, anyone who has the knowledge, drive, and persistence to WORK to make it happen, can/will. It is a business, though. 
    It's not "get-rich-quick-scheme overnight!" It's a build-a-profitable-business-over-time endeavor. 

    Education in any field costs money, time, and effort (application). The more education received, the more knowledgable we become, the more opportunity follows. Knowledge is powerful, yet, everyone learns differently through their own learning curve. Some people bring skills/experience that others may have to acquire over time. For some, they may have worked as an employee, for example, but not as a business owner, so it may be a grand new concept. Wannabe REIs may see it looking so 'easy' watching the more seasoned investors at work, and they want that for themselves. But it's not EASY, it's hard work and it costs money to make more money! It takes time to develop a business. A niche. Effort = Results. The more effort put into something, the better the result. It's taking ACTION. Persistent application.

    I see overlaps between advice, consultation, and mentorship, etc. and each level must be defined and established. Teachers probably get extremely frustrated hearing the same questions over and over. Repetition is, however, the mother of all learning! There can exist a fear in unchartered territory. Some concepts get missed. And then there's that learning curve. I think there's a huge gap between real estate mentors [who care & share] and real estate "gurus." I think there is a fine line that exists between financial success and greed, as well. I think part of giving back is sharing your success with others. "Take a man fishing & he eats for a day. Teach a man to fish and he eats for a lifetime!" 
       
    Real estate is really a PEOPLE business. It's about cultivating relationships, I think, and creating balance. "Helping people" works on both sides of the highway. There's a time and season for both; whether it's "helping" PEOPLE in their housing needs or "helping" people launch their REI business. Each RE Investor has a special contribution they bring to the industry; seasoned or unseasoned. There's certainly an abundance of it around for everyone! 
    ~Let's keep it a beautiful thing! Let's keep it respectable. On all sides. 
    There's no need for greed. (That's another story!).

    PS. The Internet has changed communication drastically! Thoughts become words. Words become actions. Actions become habits. Habits become one's character. I believe some things shouldn't be said aloud (even in jest)...let alone typed onto a public forum. Negative creates negative. It is said: 'what goes around, comes around.' (My 2Ā¢).


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