Month: July 2011

by Tim Herriage Tim Herriage No Comments

Law of averages…

So, have you ever quit?  Come on, be honest!  You know you have!  We all have at least once.  In these types of markets, and financial times, it is important NOT TO QUIT!

When things aren’t working, we get creative, make changes, and try to improve.  Many times, these changes are GREAT IDEAS, but due to desperation, we don’t give them time to work.  It reminds me of when I was in the Marine Corps, learning about water survival.  A drowning man is one of the most dangerous things in the water.  You can swim out to him, say, “I am here to help”, and he will try to pull you under to stay afloat!

Don’t thrash about.  Be calm and still the waters.  Remember these phrases when faced with adversity:

“Slow and steady wins the race”

“Consistency breeds success”

“Consistency will make you wealthy in this business”

“Base hits win championships” 

 

See you online!

 

Tim

 

Tim Herriage
DFWInvestors.com
tim@new2020rei.wpengine.com
214.607.1227

by Tim Herriage Tim Herriage No Comments

Persistence

Beware of those that will attempt to keep you down.  In this business, there are plenty of “neigh sayers”.  Some months, can be phenomenal, and others, unpredictably slow.  Make sure you have surrounded yourself with likeminded successful people.  As a real estate investor, I highly recommend you join a club/group/association, and attend their monthly meeting. 

 

Attend a group that is fun, exciting, and that provides you with quality networking opportunities.  I got into this business by attending the AIREO meetings inDallas.  I met many successful investors and vendors that were more than willing to help me get set up for success.

 

If you are looking for a club to visit, let me know.  I can help you pick one that is close to you, and that will provide what you are looking for.

 

That’s all for now, good luck investing!

 

Tim

Tim Herriage
DFWInvestors.com
tim@new2020rei.wpengine.com
214.607.1227

by Tim Herriage Tim Herriage No Comments

Lessons in rapport

I looked at two houses in Irving today, and the two could not have been different.  One, was a great house that the sellers were impossible to build rapport with.  The other, was a house that needed 30K+ in work, and the seller was a nice guy.  The seller and I got along amazingly well.

The point behind this, is the next buyer might have found the two to be the complete opposite of what I did.  Depending on their personality, mood, or conflicts that morning, or on the way to the house.

Always try to understand you only have control of your own attitude and mood, and not the seller's.  Just do your best, and be nice!

Tim Herriage
DFWInvestors.com
tim@new2020rei.wpengine.com
214.607.1227

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