3. Time management – 11 Things Poor People Do That the Rich Avoid

Time management is an important skill for any person.

We all have the same 24 hours in a day. How we invest in that time is what can yield a huge return.

What I’ve learned is that a calendar is a very valuable thing. You can have your calendar right on your phone which reminds you what to do and when to do it.

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2. Value Based Buying products on sale – 11 Things Poor People Do That the Rich Avoid

In my career, I started with is low-income properties such as apartment complexes. One of the things that I noticed is that some of them would go to the convenience store like it was a grocery store that charges more.

With that, I’ve always been a value-based buyer. I look at the cost and number of pennies per ounce and things like that. It’s not about not being able to afford it, but I like to keep the money I can keep.

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1. Buy and Hold – 11 Things Poor People Do That the Rich Avoid

Lou Brown has discovered 11 things that poor people do and that the rich avoid.

First is the buy-and-hold concept.

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11 Things Poor People Do That the Rich Avoid(Part 1) – Street Smart Real Estate Investing

Lou Brown discusses the 11 things that he has discovered that poor people do. After all the years he’s worked, he had the chance to work with both poor and wealthy people. Based on that, he notices some patterns. And now, Lou Brown discusses 11 areas he found that poor people do things differently than the rich.

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Real Estate Predictions from Lou’s Crystal Ball…

Sign up to attend the Millionaire Jump Start Training through the link below and I hope to see you there!

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Millionaire Jumpstart – When Now is the good time to do this

When NOW is a good time to do this.

When you phrase things in a certain way, you will be surprised at the results you get.

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Millionaire Jumpstart – You are in the Finance Business

You are in the Finance Business.

When people first start investing in real estate, often they think they will be in the rental business. That’s actually landlording and one of the problems here is that you have to deal with tenants who have no vested interest in the well-being of the property.

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Millionaire Jumpstart – Entrance Strategy = Exit Strategy

Lou Brown is back with another Lou-ism: entrance strategy is equal to exit strategy.

This means whenever you get into a deal, you should always have an exit plan for that property. I actually take a step further than that by having the buyer in place even before the seller is in place.

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Millionaire Jumpstart – No Banks Needed

Here’s another Lou-ism, no banks needed! The seller is the bank.

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Millionaire Jumpstart – Skills Create Deals

Skills create deals!

What I mean by that is if you do not have the right interview skills, then you won’t be able to pull-out from the seller what information you need. What you want is to be a master in doing this so you can understand what their story is and use that to create the right deals.

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