Minneapolis Investment Property - 6925 Florida Ave, Brooklyn Park
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Browsing Posts published in March, 2009
I thought this video was cool. Nothing to do with Real Estate; however, it’s a good lesson in tenancy and goal achievement, decisiveness, and building the correct habit patterns so that when the opportunity or emergency comes, it’s free-flow. no problem.
Did this guy panic? No. Why? How was he able to take what he knows and put it to practice so easily and smoothly? It’s almost as if he anticipated this situation. Do you think there was time for conscious thought? How long do you think it would take to process the fact that both engines failed and he doesn’t have time to return to LaGuardia Airport?
The inner game concept here is visualization. This guy programed in to himself (through the military, through flight simulators, through visualization) ahead of the emergency. He anticipated ahead the right techniques the right recovery patterns, there’s no time for conscious thought. So that through his perception, power is out - or whatever, he knows how to handle it.
He knew what to do to keep that nose down. deliberate preparation of a predetermined outcome, makes you very classy. It isn’t luck. what will the next plateau bring for me. You need to anticipate, and what will that level demand of me? will that look like? You’ll use affirmations.
There’s an inner game concept called Lock On/Lock Out. The principle is if you lock on to something, you lock out all else. You lock out the possibilities. It helps you achieve goals, but it also limits you to what you can see.
Over time, you build blind spots or scotomas to things that are right in front of you. You can only consciously think of one thing at a time. I want you to become open minded. I want you to become skeptical, but see all the possibilities.
I was at my local REIA (real estate investors assocation) meeting last night and we were talking a bout foreclosure.
Mike Jacka, the host of the meeting showed this video below and I thought it was very thought provoking. My comments are below after you watch the video.
Charles Dickens’ “A Tale of of Two Cities” compared the fortunes of two protagonists who lived in Paris and London during the French Revolution. Paris was in a mob rule - full of chaos. Much like our foreclosure market. Then, there is London, repressed and quiet somewhat oblivious of what is going on in the other city.
In first housing marketing, many buyers/sellers find themselves in a deflationary reality where their home values, their neighbors home prices, and interest rates are dropping almost daily. REOs, short sale, foreclosures are all pulling the market down at a steady pace. This video talks about the affordability index. When affordability is at it’s lowest, it marks the peak in house prices, with a decline sure to follow. We’re now approaching unprecedented affordability index. The video stated the median income is 202% of what’s necessary to qualify for the median priced home. That means on average Minnesota’s make twice as much to qualify for our housing stock. Now is the time to upgrade and move up. If your thinking about buying, now is the time.
However, as an investment group, we are still seeing prices in a deflationary cycle. Therefore, we are trying to unload everything new we buy. We are not holding, unless it’s a can’t loose situation. The mobsters are the lenders and the government. However, things are soon to change.
The second market is one of inflationary price values. Inflation is bad - right? We’ve all learned that. How about hyper-inflation? This new “second” market will drive up prices once the built-in inflationary machine from the government begins gaining momentum. You think $4 gas was bad? Wait until you see $8 gas. Once we perceive prices going up, we will stop selling and spend as much of that cash that we’ve still got on more houses. We’ll let inflation drive up the prices while we rent them watching the prices go up and our rents increase.
stay tuned for more tips.
