Lessons  Learned Through The Jawbone Of An Ass

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Another real estate investor guru is sending in his magicians to put on the dog and pony show (seminar) at a nearby hotel.  They will tell the attendees how they can make $50,000 or even more in 5 or 6 weeks after signing up, with no money and no credit.  The coach they assign you is also a magician and he will show you how.  After the presentation some heartless and very skilled marketers will relentlessly pursue you and try to up-sell you various programs until you have maxed out all your credit cards. Most people will not have enough credit left to buy a stick of gum, let alone invest in real estate. These Gurus charge around $600 for a 45 minute telephone coaching session. I have coached for a couple of companies over the last 6 years, I have never been paid more than $35 for a session.  I use my own knowledge, gathered over 35 years as an investment real estate broker in California, Colorado, and Utah, and as an investor who has owned, by myself or with partners, just under 900 rental units in 5 states, from single family houses to 202 unit complexes.

Before you do something you will probably regret consider this offer.

I am taking 9 students who want to find out if they have the will, the stamina, the resources, and the time, to learn the basics of real estate investing without breaking their piggy bank.  The one on one telephone sessions will be 45 minutes long and on a weekly basis for 10 weeks.  All this for $950.  I will never try to sell you another investing or coaching program.  You will get exactly the same coaching for $95 a session as I do for the gurus’ students but they charge $600. That’s a savings of $505 every session. Of course if you want to end up spending $6000, $10000, $20000, or even $30000 before you earn your first penny I wish you well.  Read my Ezine articles by clicking the Ezine button on this page or follow this link: http://ezinearticles.com/?expert=Richard_Pexton.  Call 801-362-2166 for a free 20 minute consultation.  Please comment on this post.

YOU WILL BE GLAD YOU DID!  

I’m coaching a real estate investment student who is also a Realtor.  He gave me his website URL and after our session was finished I went to his site.  For a minute I thought I had made a typo and ended up on the wrong page.  After searching the site I found his name and email address in a corner (small print) but the only way to find who he worked for was to click on a box that led me to his broker’s company web site.  Then I had to go to the pull down menu to see the agents.  My student was 13th on a list of 15.  There were no pictures of the agents until I clicked on each individual name.  About 5 of the 13 agents had a picture.  Some had a little blurb.  All of them had a link to a personal website.   In real life I would probably never have searched past the first four or five agents.  When I finally did get to my student’s information it linked back to the same page I had started on.  At that point I asked my wife to tell me who’s site this was.  It took her a couple of minutes to pick out the agent’s name.  What a shame.  His chance of getting a customer through the company’s website or his own were about as good as a snowball lasting 30 minutes in a hot Arizona sun.  If you are not blogging and branding yourself on the search engines and through the social networking sites you may be extinct before you know your business has died.  Brand yourself, blog yourself, and win.

Got the Mama Donna Buns video edited.  It’s long but I don’t think we can edit any more out or the magic will be gone.

I’m sitting in my home office looking out the window at huge flakes of snow falling.  The scene reminds me of a phrase we used in some meetings we put on for friends and neighbors, and some their friends and neighbors as we started our real estate investment business in California. These people had observed some of the trappings of our quick success –  ie new Corvette, new boat, new Mercedez, and they wanted to hop aboard the train.  We talked a little about the economy and then outlined some of the basic reasons real estate was a sound investment.  A frequent question was, “Where do I get the money?”  My answer was often, “Unlock your frozen equity.” Then I would give them my personal example.

In 1967 we bought a new 3100 square foot, 5 bedroom, 3 bath home, 3 car garage home for $40,000.  It had increased in value and in 1975 we refinanced it through our friendly banker. We pulled out around $37,000 and usedthat to live on, to start our business, and to buy rental properties.  Even though values have dipped almost everywhere in the country many people still have equity sufficient to launch them into real estate investing.  A HELOC (home equity line of credit) is something to talk about with your banker and it could be your launch pad to success.  We can talk more about the types of HELOCs on the next post.  Right now I want to get out and make a snowman.

If you went into the store to buy an apple and there were two identical apples from the same branch of the tree and one cost $1 and the other cost $6, which one would you buy? Duh! If you said $6 don’t read any further. If you said $1 we may have something to talk about.

I coach people who want to become real estate investors. I’ve done this for over five years for some of the big seminar and infomercial companies who hired me as an independent contractor to teach their students using my 33 years of experience as a real estate broker and investor. Here’s the rub. They charge their students around $600 for a session. I get paid $30. Guess who get’s the rest?  So here’s my deal. I will coach you 10 sessions for $1,000 emphasizing basic principals. Which is better $1000 or $6000? I will not try to up sell you to an expensive program or max out your credit cards.

Which apple do you want to buy? They both taste the same. Email richardpexton@gmail.com or call 801-362-2166. Read my ezine articles by clicking the button on this page.  Let’s talk.

Just bought a new Canon Vixia HG40 Camcorder to take some quality video to post on my blog and YouTube. I already have the lights, tripod, and mikes. I lined one corner of the office with white board to write on and as background. Now if I can just get the camera away from Donna I’ll start using it myself. She has been filming grandchildren decorating graham cracker houses for two nights. We can’t get them all in the kitchen at one time.

So far she has made chocolate chip cookies, caramels, fudge, almond chocolates, her famous cinnamon rolls (Mama Donnas’ Buns), and Scottish short bread. Then she tells me not to eat any of it because I’m gaining back the weight I lost this summer. I can’t figure her out. She loves this time of year. We will be putting a 12 pound prime rib roast in the oven a little later today for a neighborhood “Threshold Dinner” this evening. The idea is to get better acquainted with people we don’t know very well.

If anyone wants the recipe for the cinnamon rolls email dickpexton@gmail.com. We’ve always called them Mama Donnas’ Buns. Do you like Mama Donnas’ Cinnamon Knots better?

Happy Holidays!!!

Mama Donna