About this post: Joe connects his experience in losing a very important basketball game and his losing in the Reno-Sparks Real Estate Market in 2005.
Read Part 1 of this article
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Wikipedia describes integrity (this is perhaps the best definition of integrity I've ever heard in my life)
"Integrity is a characteristic that belongs to people who are self-actualized. It is the quality or condition of being whole, complete, unbroken, and undivided. Knowing oneself heightens a person's integrity.
The Ethics and Guidelines that all real estate agents need to sign are something that should never be taken lightly (I need to constantly remind myself of this) But fortunately there is a lot of loan officers and real estate agents who really works in the best interest of the consumers. Consumers can find this out through the past clients of the particular agent ( note to the brave: call your agent's past clients) and/or simply interviewing the agent and loan officer extensively before committing to anything. Do not be afraid to ask tough questions. The best agents I know of thrive and perform the best when challenged by their clients. One agent told me that her client, even before meeting her, had a 15 point checklist on what he wanted in a real estate agent. This, according to the agent, made her even more excited to work with this particular client. Now, that's a WIN-WIN situation.
In Both Arenas (basketball and real estate) It is very hard to win if you're missing one of the three things I mentioned above. Unfortunately, the past Market Boom makes that statement untrue because a lot of people made money simply because they were in the right place at the right time in one of the best real estate markets in the history of Reno and in the United States.
But those days as Robert Kiyosaki (wiki Robert K.) said, "is like winning the Lottery" it was just plain luck and as you and I know there is no specific way to get lucky. You can have the top Feng Shui masters from China 'bless' your property, but if it is not priced right it will not sell and If you buy a house now and decide to flip it (expecting a hefty profit) It Will Not Happen! (Of course if you purchase a house with a $100,000 leverage from the Market Value then Maybe you can profit)
Going back to the basketball game..
The rest of my Teammates and I were all sincere in wanting to WIN that Championship but the other team was too. The only difference (which I hate to admit) is that they had more STAMINA (before getting to that game we had to beat another Great Team so I think we gave our all in that game), better TALENT (they were making their 3 pointers without touching the net) and a bigger HEART (they wanted it more and they wanted it real bad. We beat them last year to get to the Championship)
As for the rest of the country including myself who are now all Hurting (Short Sales, Foreclosures, high mortgages). We were all sincere in making some (a lot) of money through Real Estate Investing.
To be Cont.. Read Part 3
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