Michael Jake's
Real Estate Investing Commandments:
Over the years our business has adopted a few principles
that we run our business by and live by. These are lessons we have adopted from
mentors and experience. Here is a basic list we hope you will find very
helpful in developing and growing your business:
1. You
can get everything you want out of life is you just help enough other people
get what they want- Zig Ziglar
2. Great
Attitude= Great Results
3. Poor
Attitude= Poor Results
4. Don�t
Wait- You will never have everything lined up or prepared enough to get started.
5. Cutting
Costs is rarely the answer- Increasing revenue by increasing sales often is the
answer.
6. Outsource
as much as you can- do not waste time on doing the small or unpleasant things
yourself. The Less You Do the More You Make. (Ron LeGrande told me that at
dinner once and it has rang true)
7. Your
Business should meet your Lifestyle Goals
8. Do
Something! Be Somebody you are proud of.
9. Massive
Action! You cannot expect great results by doing something halfway.
10. Take All You can Get.
There is No Fair Share. There is Plenty for all willing to get in the game.
11. Income is Not Wealth-
How much do you make vs How much do you keep?
12. 80/20 Rule Applies-
80% of your profits come from 20% of your effort. Put your efforts into the
profitable activities.
13. 1% Rule- You only have
to be 1% better than your competition
14. Have many tools in
your tool box- a hammer is not the only tool you will need. If you only had a
hammer you would be looking at everything like it was a nail. Be able to solve
many seller problems and situations- You always need to be creating Value.
15. Rule #1 in investing;
Don�t Lose money- Warren Buffet
16. Rule #2 in investing:
Don�t Forget Rule #1 � Warren Buffet
17. I am a Marketer-
Houses are my widget. Reinforced at every Dan Kennedy seminar.
18. To Make Things Happen
You need to Take Action. You do not just Think and Grow Rich (Napolean Hill)
You Act and Grow Rich (Dan Kennedy & Bill Glazer)
19. Our Favorite Holding
period is Warren Buffet�s- forever! But we always go in with an open mind have
have multiple exit strategies
20. Don�t be Afraid of
Money or Wealth
21. Read �The Richest Man
in Babylon� by George S. Clason �then read it again.
22. Its not about �Timing
�in the Market�. It�s � Time IN the Market�
23. Try=Fail Commit=
Success
May you find these principles helpful in your Quest for a
Successful and Lucrative Business!
Michael Jake,
LocalMentor.com
