We’re doing a 7-day Driving For Off-Market Deals Challenge starting next week. Roger Schulz took this EXACT challenge, and got his first deal from it. It was a very handsome profit. I recorded a podcast episode with Roger on the day he closed the deal he got from this DealMachine Driving for Deals Challenge. This was his very first deal.…

A friend of mine told me recently: “I thought you were nuts 20 years ago”. He continued, “you were so irritated having to work a normal job and you wanted out. Your ideas all seemed hairbrained and far-fetched. I didn’t get what was so bad about having a job or climbing a career ladder. But somehow it just wasn’t good…

Driving for Deals is a great way of marketing. At the trainings I teach, I talk about the classic way of driving for deals: With a large map book and a PINK highlighter. That way still works. BUT… There is now a very cool software system that does this excellently and integrates in other marketing options as well, like courthouse…

A student sent me this on the rather disturbing state of the real estate training industry. But it’s also chock full of gems as it teaches you what to actually be looking for & what is actually working now: “Tom, the biggest thing for me is trust and getting a tangible understanding of what the objective is and how that…

“Not right now. I’ll join after I get my first deal.” I hear that all the time. And, frankly, it is backwards and wrong. If you could have pieced together all the free information out there or all the random seemingly smart comments from people on various forums, then you would have done it already. Face it, being too cheap…

I used to struggle with this myself. Do you decide on price or on return on investment? There’s only one thing that matters. That’s ROI. (return on investment) NOT price. If you look at the price tag first, then you are treating everything like a simple expense. Now, that might be fine when buying clothes, or a car, or some…

I asked Isabelle Guarino, our speaker at Traction REIA tonight, some very pointed questions about investing in single family houses and turning them into Residential Assisted Living facilities. QUESTION #1: Why would someone pay TWICE the fair market rent? ISABELLE GUARINO’S ANSWER: The answer is your tenant, the operator of the Residential Assisted Living (RAL) facility, will still be able…

Here’s the rub… With the massive amount of cash flow coming in from a Residential Assisted Living facility, you DO NOT need as big of a discount on the property when you buy it. In fact, you could actually pick the place up for Full Market Value and still make the numbers work. Obviously this depends on many different factors,…

“Get in on the “Silver Tsunami” We’re talking about a fantastic opportunity that exists in Residential Assisted Living Facilities since there are a TON of people reaching retirement age and beyond each and EVERY day. These people are the “Silver Tsunami” (even if they have white hair too…) The baby boomers have always had a major impact on all sectors…

“Tom, owning a residential assisted living facility sounds great, but how much rehab and reconfiguration would I need to do to get the property converted?” TOM: Here’s the scoop from Isabelle Guarino: The size of the home, the number of bedrooms and bathrooms and the layout are all major considerations when it comes to choosing a home for Residential Assisted…