Last night was an amazing online workshop – thank you again Bill! Also, thank you all forthe feedback you shared, I’m appreciative that it was so well received.
What I wanted to do today was share my personal insights from the session with Bill.
For those of you who missed out, I’ve made arrangements to post the replay of the online workshop (all 75 minutes of it) through next Wednesday when it will be taken down off the site.
Click Here To Watch the Replay
Insight #1: While you may have taken a hit on your asset values, the money you have now to invest will go a LOT further. In other words, assets are still on sale. Bill shared on the webinar how he was able to buy back one of the projects he sold to a developer for 25 cents on the dollar. But for a word of caution, see insight 2.
Insight #2: Just because the price went down doesn’t mean the asset is a good buy. Now is a time to be very picky and cherry pick the best assets at the best prices. This requires that you get very good at determining the real value of an investment so that you know if it really is a good buy or not.
Insight #3: Going to be some real bargains coming up in world of commercial real estate and some major “pain†as commercial values are going to continue to take a hit (lack of financing, dropping rental values and cash flow, increasing vacancy factors…) Commercial real estate market has NOT bottomed out yet.
Insight #4: Residential markets in many areas HAVE approached bottom. (Impossible to call it exact, and very location specific, but Bill made a compelling case last night as to some of the markets he is following, and why he sees them at or close to bottom.)
Insight #5: Bill’s most memorable line from the call, “I’ve paid millions for my education!†Meaning he’s taken some MILLION DOLLAR LUMPS over the past 24 months. Why in the world would he jump to a new niche when he’s just paid for those lessons? Now is the time for you to INVEST your lessons in your niche investment vehicle and turn your lessons/pain into profits for yourself.
Insight #6: Your real seed to invest are your Advantages. Let your Advantages guide your investments.
Insight #7: Another very memorable quote Bill said, “If the deal can’t afford some lawyering, then you can’t afford the deal.†GREAT bit of advice. Don’t be cheap on your documenting and contracting in your investment deals… You’ll pay a hundred times more in the long run to be cheap.
This is my short list of personal insights from Bill. What about those of you who attended, what were your best insights? Please add your thoughts for the rest of us to learn from.
And for those of you who want to listen to a guy who in one 5 year stretch made himself and his investors $145 million in profits, I strongly suggest you listen to the online workshop replay and take very good notes!
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