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Real Estate Investing Support | REI Tools | The Mentor Network - Page 2

Being a leader is a very big responsibility. As a leader, people under your control are your responsibility. They all look up to you for guidance. It is your responsibility to lead them and set an example of how you want your followers to do their part in achieving a common goal.

The challenge for every leader is to get the most out the people working under him/her. Intellectual skills will not necessarily make one a good leader, although it is a big plus. To be an effective leader, you have to be able to manage the people working under you properly. In the corporate world, the president have personnel with different specialties working for the company to achieve as much profit as possible. The success of the company lies on the capability of the leader to utilize the skills of each and every one of his employees.

Now everybody knows what the term “leadership” means. It has always been required from somebody whether it is in school, in politics, at work, at home, on a basketball team, on religious groups, and all other groups you can think of. Many have written their own versions of the skills and attributes that a leader must possess. It all includes being competent, having the passion for what you do, integrity, commitment, selflessness, charisma, etc. But how is leadership measured?

The only way to find out whether a leader is effective or not is through results. Leadership should be explained based on results and not just on some narrative explanation of what it takes to be a good leader. A results-based leadership should be understood by all aspiring leaders for them to completely understand what is required of them as a leader. It is mostly applied in the corporate world as a measure of a leader’s productivity, although it can be applied anywhere.

The emphasis of a results-based leadership is to achieve results in the different aspects that make the company a company – the organization, the employees, the investors or business partners, and the customers. A results-based leadership defines leadership in terms of the operations and the technicalities involved in running a company. In a results-based leadership, effective leadership is leadership attributes with achievement of results combined.

Having a results-based leadership background would certainly help the leader be an effective leader. Moreover, it offers a method of leadership assessment and evaluation. The benefits of an effective leadership are not only limited to being able to carry out the company’s day-to-day operations; it can also build a good reputation for the company, which can pave the way for the company to conquer greater heights.

CMOE has been helping companies with results based leadership and team building since 1978. We teach how to increase profits and other innovative business techniques CMOE has established themselves a leader in the business world. Visit www.cmoe.com for more information.

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Hmmnnn…is what I said when I initially heard of such a beast!

What is a real estate investor mindset anyway- who and how is it gauged?

Real quickly, do me a favor….just observe these to see if any of them fit for you-

perhaps they will and it’ll give you something new to explore or maybe it won’t and you’ll know that you’ve already arrived!!!

Are we are the “observer”, the director and hence the creator of our reality, our world and our experience?

If  so, be careful of what you think about! for example, have your thoughts ever begun with the following phrases:
worry
I don’t understand…

I don’t want…

I’m frustrated that…

I hate my…

I can’t figure out …

I’m stressed about…

I’m worried that…

I should be able to… but I can’t…

Why am I having so much trouble?

The Law of Attraction is indifferent to the words preceding your thought. Whatever you think about, you will attract into your life.

When you think “I don’t understand why bad things always happen to me?”, you could be “attracting” bad things into your life.

When you think “I want to get out of debt”, you are attracting more debt into your life. When you think “I’m worried I will get sick”, you are attracting sickness into your life! The Law of Attraction brings about what you focus on even if it is not what you want.

Get it?

If you understand this principle, here are some examples of how to make the law of attraction work to support you rather than to act against you.

Try observing your thoughts and changing your thinking in the following way:

mindset“I want to get out of debt” to “I want to earn amazing riches”

“I hate my boss” to “I look forward to owning my own business”

“I don’t understand why he is so lazy” to “I love it when he helps out around the house”

“I’m stressed about this project” to “I always create amazing results in my projects”

“I’m worried about getting sick” to “I experience vibrant health daily”

Now that we’ve further explored the Law of Attraction, it is no surprise why so many people struggle with regards to money. It is been said that “the rich get richer while the poor get poorer”.

Is this actually the Law of Attraction in action?

It’s said that because wealthy people have money, they often think about how to best use their money and hence they attract more money. The concept further implies that  less than wealthy people ( I don’t like these terms at all)  on the other hand often think about their present lack of money and unfortunately, that also attracts lack into their lives.

Currently, 96% of the world’s wealth is being earned by just 1% of the population!

Wow….dee…dow,dow,dowza!

Pretty interesting right? I was floored the first time that I heard about this Pareto principle.

I want to be in the 1% earning capacity, how about you?

When you give it some serious thought-

our minds are yet another real estate investing tool- lol (especially in today’s market!!!)

I suppose that no matter how much money I ever have or don’t have…here’s what I know-

I will ALWAYS have something to work on!

Good thing it’s a journey and not a destination.

To your success always,

Karen

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Courthouse Auctions: Mining Foreclosure Gold
By Octavio Nuiry

Every week, tens of millions of dollars worth of foreclosed real estate is sold nationwide at sheriff’s sales and trustee’s sales, and savvy investors are finding a few golden bargains mixed in with many lumps of coal at these public foreclosure auctions. Investor Gregory Metcalf in Orange County, Calif., said sometimes he’ll scoop up five or six properties in a day.

“This is a highly specialized area of real estate,” warned Metcalf, the dean of the auction bidders who buys 500 to 600 properties a year and shows up daily at each of the Orange County trustee sales in Santa Ana, Orange and Placentia, Calif. “You would be foolish not to get training to learn how to work courthouse auctions. Spending $3,000 or more on training is nothing, because if you make a mistake here you’ll get killed.”

Last year, the auctions were largely deserted, with only a handful of the “regulars” attending the sales.

Not anymore. Now, from Malibu to Manhattan, courthouse auctions are attracting large crowds of bidders and gawkers — and investors are snagging bargains left and right. With the housing market enduring one of the largest declines in housing prices since the Great Depression, Metcalf and other regulars have an unrelenting cascade of foreclosures to select from. Sales are stalling, however, because delinquent borrowers are renegotiating the terms of their loans with lenders, working out new payment plans with banks. Some borrowers are filing for bankruptcy, delaying the foreclosure process. Others sell their distressed dwellings ahead of the auction via short sale. The rest go back to lenders.

Shrewd auction buyers won’t bid on underwater properties unless there are huge discounts and a potential to make a quick buck.

“In a declining market, you have to be very cautious about what you are buying,” warned attorney Ward Hannigan, owner of InnoVest Resource Management, a San Diego-based firm that specializes in buying courthouse auctions and a private, one-on-one foreclosure trainer. For one thing, cautions Ward, buying a house at auction is far different from buying a house through a broker. And though auctions offer a real opportunity to find a house at a lower-than-market price, the risks, he said, are real.

Mining the Minefield
As Hannigan, Metcalf and other regulars have learned over the years, no minefield of American real estate is as explosive and dangerous as foreclosure sales. Buying at the foreclosure sale is plagued with risks. Most defaulting properties have multiple loans, and buyers need to verify that they are bidding on a property that has no senior liens. For protection, buyers should hire a title search company to make sure the property is not encumbered by liens.

Experts said the most important rules when buying at auction are to have an exit strategy, don’t get too greedy, and be patient waiting for the best deals.

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