Right on, Truett! Always good to hear from you btw!
a very true point. Tech is a tool. I bet similar deals can be rocked within the OTC markets?
What’s up Vitaly! Yeah, I don’t see why not
Excellent article. I totally agree with you. My biggest problem is finding the time and the people. Thank you Daniel, you are right on. Keep up the great work!
Mary – I’d say tech and different platforms can help with making time. They can even help with finding people – but then you need to connect with those people in person and form real relationships that go beyond email, social media, etc
I am a National VP of Construction for a large multi family developer and operator. I have been in the business for approx 20 years and I have to agree that technology is a compliment to our business, however it cannot replace the core fundamentals of the RE business.
Bottom line this is a people business and relationships that provide partnerships and value cannot be replaced by technology.
Good read
Exactly right, Mike! Every reason you’re good at your job is on-site experience, contractor and sub relationships, reputation, etc. Tech is a tool, not a substitute
I am a jack-of-all-trades software engineer with a lot of web development experience. I have had an interest in real estate investing almost as long as I have had an interest in computer programming. Do you know of any opportunities for me to shift my software engineering into the real estate investing space?
Thank you!
Nicholas: I don’t know of any specific opportunities current, per se, but looks for gaps in the market. Look for REAL pain people are experiencing. If you want to create a product, that’s a good place to start for ideas
great post. The people part of real estate is fun AND rewarding, emotionally AND financially.
That’s exactly right, Ann!
Great post Daniil, you are so right even with all the crazy software and technology out there, you still need good relationships for success. I am currently using your new Rehabvaluator software which is awesome, to dabble in the commercial arena, but the people I am dealing with I’ve known for 10 or more years.
Daniil,
You are spot on with this blog.
Great thoughts… Thank you for sharing your wisdom.
I always believed in the motto: You can achieve anything in your life if you help others to get what they want.
Look forward to learning more from you, Daniil.
Thank You Daniil, for your wisdom and knowledge about relationships, that’s encouragement to continue to take action in REI. Have a wonderful day, and ongoing success in your REI business.
Nice post bro.
-Ken Morris
Daniil,
Great information .This follows the trend of all of the information that we receive from you. It gets better all the time keep it up
Thanks, Tommy! Appreciate the compliments and definitely have lots of good stuff in the works!
It has 5,723 char’s. Could you add a few more to explain what you meant by “inefficient, outsize profits.”
What I mean by that is that in real estate, profits aren’t squeezed and crowded out by “perfect information” like in stock markets, for example. In equities, you can only buy stock at today’s market value and all the public information about a company is available to everyone. In real estate, off-market opportunities exist. Opportunities to add value based on unique knowledge exist. Etc etc. So it’s possible to create profits out of thin air, almost. Hope that makes sense. I haven’t had my coffee yet today so may not be explaining this coherently enough 🙂
The contents of the blog are indeed some secrete behinds successful business. It is a great and hidden knowledge`s blog.
You are spoton. Face to face, real communication is so instrumental.My feeling is no matter what technologyis available, it is trust,that builds relationships in business. Tech has also given into unscrupulous bad business activity that leads to a tremendous amount of non-trust in real estate and in business in general. Personally, i think until you make face to face contact with someone and have a relationship, e-mail and text takes a back seat.
Hello Daniil, I have followed you for a while, I have been in the business of Real Estate and finance since I was 19 years old, now age of 57. You are definitely a out of the box thinker and the only way you can achieve the things you have shared is because you must love it like I do. So many things you put out there will separate a Real Estate and financial person from a marketer in the Real Estate business and to me it is like two separate profession, I know a lot of people that make a great living in real estate marketing and really have no idea about the Real Estate Business, I have had issues with Real Estate sales people not wanting to forward the contract to seller because the creative part of the business they have no clue how to present to seller and instead of learning they will say that the seller will not accept, my theory is why be in such a fascinating business and only understand marketing, to me I am not a marketer and consider myself a Real Estate deal maker not a Real Estate deal breaker, by no means am I degrading someone in the business that makes a lot of money being great in marketing but to me it takes all the fun out of creating things that others have not and others that have but to take from them and maybe take another step that makes it even better is thinking out of the box. I have always said that two minds are better than one, You are the type of gentlemen that I would love to brainstorm with. I believe you are doing a great job on how you approach the business, I truly know you have to love the business as well to promote the things you do because in the Real Estate Business I have never been in the Real Estate Market where you cannot make things happen, It’s knowing on what side of the coin you are on at the time, putting that together with understanding finance and thinking out of the box is the ultimate and the most fun. What I love the most is when you continue to get sellers to pay you to buy Real Estate and walk out of the closing with $2,000 to $200,000 in your pocket. Daniil, I’m sure you have helped many many people in the business, I do believe like you do that people like yourself have to have some kind of gift, I would like you to tell me you agree or give me your feelings. I am challenging a project that is new to me in last 2 years, mobile home parks, working on one that to a lot of people it is over priced by $200,000, I know it is a great deal, first of all, I’m structuring to put money in my pocket to buy once again, at a 3% interest rate given by the seller and her moving into second position, letting her control 50% of the $200,000 and releasing monies as she sees the monies going back into the property and myself taking the park to a 5 star level from a one star level in due time is conservative to say that a $600,000 purchase price can be a 3 million dollar property in less than 5 years with a maximum of total investment of another persons money of $400,000 having excellent exit plans depending on the market which is a property that is really not effective by the market except in a positive manner with an unreal income stream paying 3% on part of the money averaging a total 5 to 6 % interest rate and constructively being conservative on my numbers. I also have a lot of experience in Building as well which will help me when instead of putting more money into remodeling the older park models, junking the total unit leaving only the frame of mobile to pacify and meet all State and local codes. I really enjoy what you are doing and if you are in to these kind of deals I would enjoy to talk to you and brainstorm being that I have more than I can handle and surely have never had a issue with sharing deals with others because of the fact there are so many of them out there that are available with about any make sense offer. Once again I can truly see the joy you are having in doing what you are doing and always continue to think out of the box.
Thanks Daniil,
Steve Helms
Thank you for this encouraging information. I’ve recently started in march as a investor and looking forward to this great business. Thank you
Great Blog! enjoying the new software (I will send an update soon) as a trained communicator, I would say, you sir, could not be more accurate!!
Thank you!
Inspiring post, Danill!
We are fortunate to be associated with the RE bizz and your operation!
As merchants of real property, we have millions of dollars worth of inventory we do not have to buy first in order to sell!