I love stand-up comedy. And I really respect the comedians who excel at their craft. The timing, the wit, the memory – they have a skill set I do not possess, but it’s one that I truly admire.It’s not an easy job. Some comedians rise to the challenge and work hard to hone their skills.
My Secret 3 Step Recipe
Wanna get more houses under contract? I’m going to share with you the exact same formula I use when talking with sellers. There’s really no gimmick or secret to it. But you do need to be a good listener. 1) Build rapport There are piles of books written by so-called “gurus” who will tell you
Wholesalers Caught with Their Pants Down
It seems like everyone and their brother has been jumping into wholesaling over the past couple of years. And have you noticed wholesaling “coaches” have been popping up all over the place? When the market’s hot, it’s almost impossible to not make money wholesaling. Up til about a month ago, everyone was looking to buy
How to Tell if You Will be Successful at Real Estate
Over the years I’ve developed the ability to recognize almost instantly if someone will be successful in their real estate ventures. All I have to do is look at three of their behaviors: TimeMoneyCommitment Number one revolves around the timeline you create to get a project or task complete. Preparation is important, but lengthened time
Do Sellers Think You’re Selling Extended Car Warranties?
We live in an age of the scam artist. To be fair, the scam artist dates way back. Whether it’s snake oil or extended warranties for your car, or a Nigerian prince promising you piles of money, sleazy people have been taking advantage of the vulnerable for as long as anyone can remember. With the
Have you ever heard of Tom’s Shoes? It’s a really interesting business that sells shoes online.Tom’s Shoes were all the rage a few years back. We even had a couple of pairs in the Vargas household. What differentiates them from everyone else selling shoes online is their unique business model. Their motto is “We’re in the
Oh Boy! An Inherited House With a Home Equity Loan
I just got off the phone with a woman who inherited a house that has a home equity loan. Her name is Olivia and when she first contacted me she was confused, lost, and in total despair. This property not only has a first lien mortgage, but it also had a home equity line, and
His Wife Literally Flushed His Dreams Down the Toilet
Last summer I took my son, Ernie Jr., and a group of boys in his boy scout troop on a two-week backpacking trip in the mountains of New Mexico. We had no cell service or any kind of modern-day distractions so we had an absolute blast singing and sharing stories with each other. Frank, who
The World’s Oldest Pair of Levi Jeans
I read an article this morning about a 3,200 year old Chinese mummy that was found with pants on. Well, not just pants. It was a woman buried in a poncho, soft leather boots, a headband decorated with bronze discs and seashells, and the earliest known pair of jeans. I’m a bit of a nerd
What Thomas Edison Taught Me About Real Estate Investing
What a great way to start a week. I received a call Monday morning from Michael. Michael is a student that has been with my program for three and a half months. Michael came to me looking to start as a newbie. He wanted to become an entrepreneur. He wanted to start living life on
What’s Your “Financial Lead IQ”?
One of the questions I get asked a lot is, “Ernie, what type of real estate leads is the best? Is it probate, pre-probate, inherited, reverse mortgage, or some other lead we don’t know about?” The truth is you can find amazing deals and incredible success in all of these leads. What really matters is
Investor with Small Thinking Mentality Tried to Screw Me Over
On Wednesday, I told you that I got screwed over by someone when they went behind my back to steal a deal from me. The Lord’s Prayer says we have to forgive others or we won’t be forgiven ourselves. That happened right about three years ago and I’m still a little angry about it. I’ve
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