SEIREIA exists to inform and educate real estate investors in SE Idaho in the process, techniques, and systems for investing success; to provide opportunities for networking and joint venture efforts among its members, educational assistance in overcoming common obstacles, and to give encouragement and support for ongoing real estate investing success.

Monday, March 31, 2014

Mar 2014 SEIREIA Meeting - "The Real Key to Success is Cheating. Here's How (and Why) To Cheat..." by Brandon Turner

Hello Everyone,

We had a good discussion at our SEIREIA meeting this past Thursday. I shared the gist of an article that I had read on BiggerPockets.com, whose title I co-opted for my blog post today. It is an eye-catching title, don't you think? It was the title that caught my eye, but...

the message was a good one as well. Brandon makes some very good points. For instance, it's NOT good to cheat in games, your taxes, or on your wife or husband. Those are bad, badder, and baddest! It's only good to cheat at some things like "flip[ping] houses, wholesal[ing] deals, buy[ing] rental property, invest[ing] in a Subway, build[ing] a tech startup, or any of the million other ways to make money..." He says that some types of cheating in business are totally legal and acceptable and can actually help you find more success.

What type of cheating IS this?!

He's talking about using your UNFAIR advantage..."something you possess that you can use to help you succeed that others don't have...[something that] gives you a leg up on the competition."

Brandon has a unique perspective. He gets to sit down each week with a successful RE Investor and talk to them on the BiggerPockets Podcast "about how they got started, the successes and failures they've seen, the lessons they've learned, and the things that brought them to where they are." Here's what he's found...

Every single one had an unfair advantage that set them apart and helped them succeed AND EVERYONE has at least one or even many unfair advantages. Go here to read more about what he means and to discover some of your own...

What was most interesting at our meeting was the response of those who attended when we turned the discussion into a personal exercise in naming our own unfair advantages. We found that Brandon was right! We ALL have our own unfair advantages that we can use to be successful in the RE business. It's important to recognize them and utilize them by taking action with the following path to success in mind...

Cultivate an Attitude of Gratitude, a Longing for Learning, a Devotion to Discipline, and a Willingness to Work. Each one of these statements is worthy of a blog post by itself. Each one can be an unfair advantage or the reason you won't succeed as a Real Estate Entrepreneur. It's up to you to decide which...

By coming to the SEIREIA meetings each month you demonstrate each one of these Path-to-Success attributes. Hey, we just might be the "Ace" up your sleeve! See you next month at my house (April 24 @ 5:45 pm)!

P.S. If  you would like to write your own educational posts to the main SEIREIA Blog or have access to the Members Only page where our contact list resides and where deals and referrals can be posted, just add me to your Google+ circles and send me a quick email and I'll send the invitation right on over.