The Economy and Politic inside of you

Watching the presidential debate, I can not help but write this article to express a point that lot of people might have missed:

As the country is approaching the presidential debate. Our attention has been shifted to the country matters such as the Country Economy, Cyber Security, Commercial Trade and Deal, Racism, etc. While all of these are absolutely  great, i want to point out a couple of things about…YOU! Continue reading “The Economy and Politic inside of you”

Screw Happiness – I am in pursuit of Greatness

 

Recent Wimbledon Championship slogan inspired to get back on my feet and start to get back on my dream again. Their slogan is

“In Pursuit of Greatness”

At one point in life, have you ever had a person telling you something to the extend of: ” Oh, money is not important you know”, or ” I rather be happy than be rich”, or “Money is the root of all evil”, or ” There is a lot of other stuff than money you know” Continue reading “Screw Happiness – I am in pursuit of Greatness”

I can teach American capitalism using a jar of marble

As a kid most of us know the game of marble. The name of the game is to collect as many marble as you possibly could.

What do you do when you don’t have any marble? You have to find one 1st. You could either dig up around your yard to find one. Or if you are lucky ask your mom and dad and they will provide you some marble.

Continue reading “I can teach American capitalism using a jar of marble”

Focus on your real goal

It is very easy to lose your real focus and start chasing the money in real estate.

I am pretty much speaking for myself here as i am struggling with this problem ever since. My Real Estate goal has always been created enough passive income to live off from it and never have to work again in my life and spend more quality time with family and friends. But as i notice the more houses I have, the more i got pulled into the business, and the more involved i am. The bigger real estate goal I set, the more equity it will require me to reinvest back into the market. The more time i need to spend time to acquire the necessary knowledge. I have to basically keep working and keep pushing as my goal is now a sky-high goal

This is does not mean that you should lower your bar and start padding yourself on the back and slack off. This mean that you need from time to time  swing back if you are intentionally gone off balance for a while and reflect on yourself. I am guilty of going off-balance for a very long time. When the eye start to go blind and the mind started chasing only the money itself – I realize that it’s time to swing back and reflect on yourself.

We have a saying that take one step back in order to take ten step forward. this is always right.

I suggest we all take a moment to reflect on your real goal. What’s really important for you? I hope it’s not just all about money. For me, it’s about the people around you. The people who believe in you when you have nothing to show, go with you to places, and help you along the way.  The love, the friendship, the memory, the ..pain that you made during the journey that is priceless. And the most important question: How many people you have helped along your journey?

 

 

There is a saying that If you want to become a billionaire, then help a billion people by Grant Cardone. I will live you with that thought

Property 16 – 1st Owner Finance

got lot of picture to show for this one. This is my 2nd flip. Picture worth a thousand words. check it out. I partner with my brother in law on this. he provide all the fund. i provide everything else. profit is split 50/50

 

After Repair

 

I end up couldn’t sell this one traditionally for whatever reason. I ended up owner finance it and it turned out to be a decent deal so far. Since my brother in law provided all the fund, i back out of the project and just charge a project management fee. the loan later was sold to my mom. she need no tenant termite and toilet so this loan is perfect as far as passive income for her.

 

 

 

 

 

 

Property 13 – sold

-I was working my day job as normal and this town house show up on my email list. After a couple phone call we negotiated the price and decided to move forward with the purchase. Since it is a small deal and probably no bank can finance this. I pulled in one of my partner and together we share the building 50/50

2014 update: This is my 1st time doing section 8 and my property manager didn’t get along with the tenant. and thing keep on breaking needless to say that thing didn’t go well and i have to move them out and rehab the house. i’m looking to break even on the rent

2015: after the old tenant move out. i rehab it nicely and move in a good tenant. now i see the burden of syndicating a small deal: you do all the work and can’t charge your investor

more because the small rent wasn’t enough to cover your fee. I decided to sell it to an investor which is now my good friend for a small profit

2016 update: Unfortunately only after a couple months i sold it to my friend, the house flooded in a history flooding event in Houston and destroy all of the beautiful laminated wood i put in. it was heartbroken to see the after match of the flood.

Fortunately thanks to my awesome PM. the tenant was very good and did not complain. he worked with my friend to coordinate all the repair. after the flood remediation, he repair all sheet rock and tiled the property back. nice and clean. I just heard yesterday that the tenant renewed for another year and property value of this neiborhood and been increasing ever since.

Share your knowledge, share your success

Yesterday I had an opportunity to share one of the book that i love: The Secrets of the Millionaire Mind . For the past few years, I thought i am the only weirdo that read this kind of book and do this awkward declaration every morning and night. But yesterday proved that i was wrong. I have a very good crowd that really get what i am trying to communicate. And the best thing ever, we did affirmation together. For me that is uber powerful.

Getting wealthy  no longer a myth. It is becoming real.

Below are the 3 points that i love the most from the book:

  • The rich choose both happy and wealthy. the poor and the middle class was sold the idea that “I rather be happy than wealthy” and pick either or. Remember the rich choose both while everybody else choose one and not the other. No body forced you to pick one. u can pick BOTH!
  • Financial Blue print. It doesn’t matter how much money u make. if your blue print is set to “poor” mode. you will never be rich. One example is lottery winner. they will eventually came back to where they started simply because they don’t have the right blue print. Change your blue print, change your life\
  • Affirmation: I know it’s not cool and probably the people in the house will be like “WTF” when you are yelling out your affirmation in the bathroom every morning. but hey, look at Novak, look at all the rich and successful people in the world. What are they doing every morning? If they do affirmation. may be you should too. Remember your subconscious mind is 10 times more power than your conscious mind and you have to learn how to direct it. Affirmation is one effective way of doing it

Be good, be great, be extraordinary and live the life that you are capable of living..

( The picture is just a random picture from my 1st track day. Remind myself need to get back to it)

 

 

 

 

Mini Syndication – The story so far

After going back from the Syndication event. I am confident enough to pull the 1st trigger on a mini syndication deal with close friend and family. After months of searching and negotiation we were able to secured 3 townhouses next to each other Continue reading “Mini Syndication – The story so far”

Should you go get your RE license?

There is plenty of discussion on this topic. Here is my take: I’m pros when it come to getting your realtor license. It has benefit me years over years. below are some of the main point. This is one of the thing where you don’t have to have it, but it is really nice to have it: Continue reading “Should you go get your RE license?”