BROADCASTS.com

FAR 195 What NOT to Do

Expected Air Date: 10/07/18

Good morning. We have market news today. There is increasing evidence that the shift we predicted a year ago is happening. Sales are slowing down and we are moving in the direction of a buyers\u2019 market. Are we heading into a crash? In a few minutes I\u2019ll cite a story that says \u201cyes, no, and maybe.\u201d That\u2019s right - a classic example of bold predictions in the real estate market. What I\u2019m going to do is cut through all of the hype, equivocation and prevarication and get right down the the heart of the matter - how does this impact real estate investing. And then today I have a great question from one of our fans - \u201cHow about giving us a list of what NOT to do?\u201d I love it and I\u2019m going to spend some time on that. All that plus news, headlines, and information you need to continue to do well in real estate investing coming up.

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• FlipStarter Nov 2-3, Atlanta, GA \xa0
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• https://www.dailyprogress.com/news/local/albemarle-county-owed-m-in-back-real-estate-and-property/article_10ad0b64-c064-11e8-81c9-33f55dcfc748.html
• http://www.ktvu.com/news/real-estate-sellers-market-shifts-to-buyers-in-south-bay
• https://www.forbes.com/sites/tompfister/2018/09/24/real-estate-developer-breaks-ground-on-scenic-oak-knoll/
• https://gulfnews.com/business/analysis/joint-ventures-can-be-a-win-win-in-dubai-s-real-estate-1.2282434
• http://www.wect.com/story/39162974/how-florence-could-affect-the-real-estate-market-in-the-cape-fear-region
• https://www.pe.com/2018/09/24/allen-buchanan-is-the-commercial-real-estate-market-cooling/
• http://www.chicagotribune.com/sports/ct-michael-jordan-house-trailers-20151026-story.html
• http://www.abc.net.au/news/2018-10-08/australian-housing-market-good-bad-and-ugly/10348856
• https://www.denverpost.com/2018/10/07/denver-metro-housing-market-shift/
• https://www.seattletimes.com/business/real-estate/10-years-later-how-the-housing-market-has-changed-since-the-crash/
• https://www.seattletimes.com/business/real-estate/what-millennial-homebuyers-are-looking-for-in-real-estate-market/
• https://www.realtor.com/news/trends/profitable-second-home-markets-america/
• https://www.dallasnews.com/business/real-estate/2018/10/05/homebuyer-interest-cooling-realtors-top-economist-says

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1. Do NOT pay 30k to learn how to flip houses.
2. Don\u2019t stumble into the business with no knowledge.
3. Do not risk your money without understanding the risks.
   1. Takes longer
   2. Costs more
   3. Sells for less
4. Do NOT automatically trust another person\u2019s conclusions
   1. Realtor
   2. Wholesaler
   3. The Flipping America Guy!
5. Don\u2019t invest counting on an optimal experience. Things go wrong.
   1. Buy based on a sub-optimal.
6. Do not let emotions direct your decision.
   1. Your instincts (your gut?) plays a role, but that role is not \u201cdirector\u201d
   2. Facts and logic should lead you to action.
7. Don\u2019t fail to establish and understand your buying criteria.
8. Don\u2019t violate your buying criteria
   1. Unless you know specifically when it\u2019s OK.
9. Don\u2019t make hiring decisions based on first impressions.
   1. Realtors
   2. Contractors
10. Don\u2019t wait for the perfect deal.
11. Don\u2019t wait until you believe you are ready to do a great job.
12. Don\u2019t lock yourself into one method
    1. If my only tool is a hammer, every problem looks like a nail.
13. Don\u2019t stop learning.
14. Don\u2019t stop improving.
15. Don\u2019t stop thinking about tomorrow\u2026 Fleetwood Mac.
16. Don\u2019t pay $50,000 to anyone to teach you the Fix and Flip Business.

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questions@flippingamericnanetwork.com \xa0Tell us where you\u2019re from!

• Monica, Macon, GA. \u201cHow about giving us a list of things we should NOT do?\u201d

• Don\u2019t talk - just act. Don\u2019t say - just show. Don\u2019t promise - just prove. -anon