Archive for April, 2007

Hey....thanks for coming back! We sure do appreciate it. A repeat reader is a compliment....for sure! Please make sure you subscribe!

Howdy….from Cedar Crest, NM.

Since I last "blogged" lots has happened….the Grassland’s team has been working to close on it’s latest project and we also met last week in El Paso for our quarterly summit.  After the summit I joined Peter Conti and Peter Harris for the A-Z commercial trip….also in El Paso, TX. 

The Grassland summit was an eye-opening event to say the least.  We changed our business model…re-aligned our efforts….and now have marching orders….I am very excited to see how things come together in the next few months….

As for the A-Z trip….WOW….it was so much fun and the people there were so awesome to hang out with. I have to say…without a doubt, other than the cheap shots at the expense of my hair, it was one of the better events I have been to this year…for a few reasons…

1) teaching with Peter Conti and Peter Harris (www.resultsnow.com) is a great honor.  I had a great time hanging out with them ….cannot wait to do it again.

2) The people there had the best attitude and obviously doers!  I met some very amazing, kind, generous people at this event

3) Watching Peter Conti break into a mobile home via the kitchen window is just plain classic….

Now…. last time, we discussed the top ten characteristics of an successful real estate investor.  In this blog I figured I would cover the first one….. Belief

Attention Deficit Disorder Moment #21

Did any of you catch this headline on Google News…."Doctor dressed as Captain America stuffs Burrito in pants, gropes woman at Bar."  WOW….A doctor, a Captain American suit, a woman, and a burrito……obviously a bad combination.  Who would of thunk?  The lesson here is not to go out in public with a burrito….those darn burritos will attract the fuzz every time…even if you hide it….!

Belief…..

You are probably wondering why is "Belief" such a big deal…and more importantly…why is it the first characteristic I am writing about….right?  Well…the truth of the matter is that if you do NOT believe that you can be a successful investor….then you are right!  If you believe that you CAN be a successful real estate investor…then you are right too!  How can this be?

Well….let me let you in on a very little secret….belief, in my humble opinion, is what gets you to the plate….it is the first thing or first characteristic that connects the rest of the characteristics.  If you believe you CANNOT be a successful real estate investor…guess what happens….NOTHING….your life does not change….Then guess what else happens….you justify why it CANNOT happen for you….do any of the following excuses ring a bell?

1 "Oh…it is a scam….No money down…bunch of crooks"….

2. "Oh…but you cannot do that in my market…."

3.  "Real estate….freedom….that stuff is overrated…plus I love my job!"

4.  "Rob Powell is a dork….don’t believe a word he says….Rob bought all his real estate with drug money….."

Belief is the catalyst to action…without belief…you are stuck!  Now….when I was looking for a way out of my J.O.B., I headed down to the local Barnes and Noble and started thumbing through all the real estate books ….(ADD moment #22…did you know Dr. Phil has a book on real estate investing? …unreal….Hmmm….do you think he owns a Captain America suit?)…and I stumbled on Peter Conti and David Finkel’s book…"Making Big Money Investing in Real Estate."  When I read this book…I BELIEVED I could do it….I had no doubt…hence, I started my journey.  Belief is what put me in the game….helped me push fear to the side….though I was very scared….and take the leap…of faith.

Now…there are several other characteristics that build on belief…commitment is the second characteristic…..Commitment is what keeps you in the game….and I will go into that next week…

As most of you know…my son Jaxon (Jaxx) was diagnosed with Diabetes Type 1this past summer.

Jaxx was only three years old when diagnosed.  I am now….raising money to help find a cure for this disease. 

Type 1 diabetes is very different than Type 2….many people do not know the difference….neither did I until Jaxx was diagnosed.  Type 2 Diabetes is a result of poor lifestyle choices….bad eating habits, lack of exercise…etc.  Type 1 on the other hand is an auto-immune disease…where the body attacks the pancreas until it stops producing insulin.  A large percentage of those impacted by Type 1 are children….so a life of shots and finger pricks await them….if not properly managed Type 1 can lead to death.

So…I am on a crusade to do all I can to help find a cure…and the way I do that is by raising money.  My goal this year is to raise 30K from the JDRF Walk.  If you are interested in supporting Jaxon…please go to http://walk.jdrf.org/index.cfm?fuseaction=extranet.personalpage&confirmid=86643425 and donate!

Thanks for reading…..looking forward to your critique….rob

Comments (0)

 

 Investor Success Secrets....and Star WarsHowdy from a cold and snowy Cedar Crest, NM…..

First
of all I want to say thank you for all the kind emails….I am blessed
how this little blog is turning into a way to stay connected to old
friends and new ones.

One email I received was especially
significant because it was from my buddy Dennis. Dennis and I go all
the way back to eighth grade. Dennis’ email was very interesting
because he asked me a question that got me thinking ….Here is Dennis’
question….

“All right…you reeled me in. I have really
enjoyed your blog, and it has made me think…could I be successful at
real estate investing?”

As an investor, educator, and speaker….I have seen thousands of students pay thousands of dollars and do one of three things….

1) Never take action
2) Quit
3) Succeed

Now….I
know there are all kinds of reasons/excuses for the first two…believe
me…I have heard them all….and I am guilty in one way or another. I
could go over all the excuses …BUT what I think is more important is
identifying and discussing what are the characteristics of a successful
real estate investor….or at least what I perceive in successful
investors to be success characteristics.

Grasslands has a formula for this called the 360º Freedom Formula with
a big picture approach…..but I thought is would be interesting to come
up with the top 10 success traits of a real estate investor….let’s be
specific….top 10 characteristics of a multi-millionaire real estate
investor….

Attention Deficit Moment #17

The Star War
movies have invaded my home….every conversation I am having with my
boys has to do with Count Duko (or whatever his name is) and Darth
Maul…and Anikan (sp?) ….Opi One Kenobie (that is his name
right….?)….There has to be a guy name Joe….where is Joe? How  Investor Success Secrets....and Star Warsabout
John…there has got to be a John? And What is Yoda….someone please tell
me what in the world Yoda is? Never mind…I will tell you what Yoda
is…Kermit the frog on crack cocaine! Have you seen what happens do
people on drugs? This is exactly what happens….you start to shrivel
up…you shrink…and you start to do weird things….like speech slurring
and acrobats….Yoda is not right….

”Daddy…..who is Yoda’s daddy and mommy?”
“Son…Yoda is the son of Kermit the Frog and Miss Piggy”
 Investor Success Secrets....and Star Wars

Back to the Blog……

In the spirit of Star Wars (where appropriate)…. the top ten attributes of a multi-millionaire real estate investor….

1) Belief: [Luke:] “I can’t believe it.” [Yoda:] “That is why you fail.
2) Commitment: “A Jedi must have the deepest commitment, the most serious mind.” – Yoda
3) Abundance Mindset: “There’s always a bigger fish.” Qui-Gon Jinn
4) Courage: “Now, be brave, and don’t look back” – Shmi Skywalker
5) Action oriented: “Try not.
Do or do not… there is no try.” – Yoda
6) Mentor: “
Always two there are, a master and an apprentice.” – Yoda
7) Student: "I cannot teach him. The boy has no patience." –Yoda to Ben’s spirit
8) Team: "Your faith in your friends is yours." –Emperor to Luke …I know
I am stretching here…not even sure what the Emperor is talking about.
9) Gratitude: "Jabba, you’re a wonderful human being." –Han Solo
10) Wealth Lifelines: “HAARhhhh…Rrrrahnnnna….UUGGHhhhhsh” – Chewbacca

Okay..okay…so
I stretched here….YES I DID. But now…I am upset that I spent over an
hour of my life looking up stupid Star Wars’ quotes on the internet
just to be funny and guess what? It is not funny.

Anyway….I will break down the top ten attributes in coming blogs….
jaxonPOWELL+logo Investor Success Secrets....and Star Wars
Now….as
many of you know…my son Jaxon was diagnosed with Diabetes Type 1 on
June 19, 2006. I have joined JDRF to help raise money for a cure. YOU
can help me find a cure in one of two ways….or both ways:
1) Donate to Jaxon’s JDRG walk team….“Friends for Jaxon” by clicking the logo to the right or this link: JDRF http://walk.jdrf.org/index.cfm?fuseaction=extranet.personalpage&confirmid=86643425
jaxon+on+bed Investor Success Secrets....and Star Wars

2) AND/OR….Go to the Mini Maui in San Diego and register under the “Maui Mastermind and Jaxon Powell for JDRF” designation at http://www.mauimillionairewealthweekend.com/. The entire purchase price of $500 will go towards JDRF!

Until next time……rob

Comments (0)

Howdy!

I hope this post finds all of you doing well. Today is a special day. More special than yesterday….."why" you ask? Well…..I found out that Donny Osmond and his brothers are reuniting…..yes….you heard me donny+bros+2 Deal Finder Part Deux and Donny Osmond....huh?right….the Osmond brothers are making a comeback! When I read this news…..I quickly grabbed my green polyester pants and started to….well ….nevermind.
Okay…okay…so I am not a Donny fan…..but what is interesting about Donny and his brothers is that…..at one time….Donny was obviously famous….but were his brothers famous too? Am I missing something here? Will Donny and his brothers increase ticket sales more than if Donny decided to do a comeback on his own? Hmmmm? Well….I am sure the Osmond Brothers were famous at one point or another….but c’mon!….a reunion?
Maybe there is a group of closet "brothers of Donny" junkies that are waiting to come out? Maybe one of YOU? Well…when I did get a whisper of this exciting news….I was with Robb Novack, of Mentor Financial Group fame, and found out he is a HUGE "brothers of Donny" fan. So….obviously….there is a market….which I guess is great….but…I am also judging Robb’s taste in music…..
Anyway….I had a blast this past weekend hanging out with Robb, Peter Conti, and Steve Wilklow at the MFG Investor’s Bootcamp. Great crowd….and just so much fun hanging out. I remember when I was a student listening to Peter…as he taught me the fundamentals of real estate investing…..now to teach with him…along with Steve and Robb is an honor.

Last post we talked about finding deals…..

Today….we are going to go a little deeper and finish off the first segment of deal finding and next time go into deal attracting.

Deal Finding part deux……
This is how I like to find a deal when I am looking in a new market but also a great way to find deals if you are just starting off….

1) Location, location, loco-motion: Find a market that you want to invest in. Now…not just any market…but a growing market. Last thing you want to do, especially starting out, is invest in a market where the people are leaving…..right? So…how do you find this out? Market research! There are plenty of internet resources available to help you get started here. Locate where the growth is happening….i.e. Albuquerque, NM and stay away from areas where project growth is negative….i.e. Detroit, MI.
2) Wealth Lifelines: Start building deep relationships with brokers/agents in the market you have chosen to invest in. A great way to start is find out who are the brokers in the area is via the internet….Loopnet, Costar, etc. You have heard me either on this blog or when I speak at events….of how important relationships are in your investing…..WEALTH LIFELINES WILL MAKE YOU WEALTHY!!! Build relationships in the market you are planning to invest in…..
3) Property Mangement: Now…start interviewing property managment companies (PMC) in your investing area….again…start building relationships with PMCs and get a feel of the ones you are comfortable with….they will be very helpful in the due diligence once you have locked up a property.
Of course this is a very high overview…..but enought to point you in the right direction….
Now…this weeks Wealth Lifelines…..
yield Deal Finder Part Deux and Donny Osmond....huh?Jeff Lucas of Yield Jeans . I have mentioned Jeff before but Jeff is doing amazing things with Yield that it deserves another mention…..PLUS…Jeff has extended an amazing offer to my readers!

Yield is not your typical clothing company….Yield is saving lives. Every jean purchased at www.yieldunderground.com will feed a starving child for three months! Plus, if you type in JDRF in the promotion code….you will get 33% off the purchase price plus Juvinile Diabetes Reseach Foundation of NM will get $10. So by buying a pair of jeans….you feed a starving child, JDRF gets $10 and you save 33% off your purchase…..What is Jeff smoking?

Tom Larson of Healing Waters International has it going on! I first met Tom and his wife, Dana, at Maui Mastermind. Tom spoke on the amazing things Healing waters was doing in the Domincan Republic….providing clean drinking water to the less fortunate. Well, today, Healing Waters has grown and is making a huge difference in people’s lives. I was blessed to join Peter Conti at Tom and Dana’s home for dinner last week….and wow….it was a blast! Anyway…Tom has a great website….www.healingwatersintl.org worth your time to visit!

Well…thanks for reading….and thanks to Donny…..

donny Deal Finder Part Deux and Donny Osmond....huh?

Comments (0)
Get Adobe Flash playerPlugin by wpburn.com wordpress themes