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You have what it takes to be GREAT!!!

Apr 14 | by duaneclark | Self Improvement
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Geoffrey Colvin, senior-editor-at-large for Fortune magazine wrote an article back in 2006 entitled “What it takes to be great.” He looked at figures like Warren Buffet and other exceptional individuals in their respective professions.

He wrote: “What made Berkshire Hathaway (Charts) Chairman Warren Buffet the world’s premier investor? We think we know: Each was a natural who came into the world with a gift for doing exactly what the ended up doing. As Buffet told Fortune not long ago, he was “wired at birth to allocate capital.” It’s a one-in-a-million thing. You’ve got it-or you don’t…

Well folks, it’s not so simple. For one thing, you do NOT possess a natural gift for a certain job, because talented natural gifts don’t exist. (Sorry, Warren.) You are not a born CEO or investor or chess grandmaster. You will achieve greatness only through an enormous amount of hard work over many years. And not just any hard work, but work of a particular type that’s demanding and painful. Buffet, for instance, is famed for his discipline and the hours he spends studying financial statements of potential investment targets.

The good news is THAT YOUR NATURAL GIFT IS IRRELEVANT-TALENT HAS LITTLE OR NOTHING TO DO WITH GREATNESS. YOU CAN MAKE YOURSELF INTO ANY NUMBER OF THINGS, AND YOU CAN EVEN MAKE YOURSELF GREAT…THE FIRST MAJOR CONCLUSION IS THAT NOBODY IS GREAT WITHOUT WORK…The critical reality is that we are not hostage to some naturally granted level of talent. We can make ourselves what we will. Strangely, that idea is not popular. People hate abandoning the notion that they would coast of fame and riches if they found their talent. But that view is tragically constraining, because when they hit life’s inevitable bumps in the road, they conclude that they just aren’t gifted and give up. Maybe we can’t expect most people to achieve greatness. It’s just too demanding. But the striking, liberating news is that greatness isn’t reserved for a preordained few. It is available to you and to everyone.”

As you’ve heard in our seminars, webinars and other events, real estate is hard. But you can do it! Yes the road will be long, painful and you’ll want to quit. But if you stick to it, you can do some great things; you can fulfill your soul purpose!

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CNNMoney: Record 3 million households hit with foreclosure in 2009

Apr 14 | by duaneclark | Economy
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According to a CNNMoney report on January 14, 2010 “almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.” RealtyTrac, an online source for foreclosures in the marketplace, reported that about one in 45 households–2,824,674 properties nationwide — were in default last year. That’s 21% more than in 2008, and more than double 2007′s total.

For those of you who read our blog post a few weeks ago, saw the report from the Associated Press that 1.7 million home owners were on the verge of foreclosure. Which, if you remember, meant two things for REIC investors:

1. More foreclosures will continue to enter the market, drive prices down, and create an ideal climate for purchasing investment properties.

2. Millions of foreclosed individuals will need a place to live.

REIC Global takes investors by the hand and helps them replicate a pattern of real estate success. In the last 12 months, the company has helped club members transact tens of millions of dollars in real estate.

Read here to find out how REIC has helped hundreds of individuals find places to live!

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If you fail to plan, you plan to fail

Apr 14 | by duaneclark | Real Estate Investing
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Remember our earlier post about planning? Well, you know the old saying – if you fail to plan, you plan to fail. Many real estate investors make their first mistake when they jump into the market without long term goals or plans.

The purpose of the first step to real estate investing – planning – is three-fold:
1) Identify your existing resources.
2) Outline a 10-year million-dollar game plan for leveraging those resources.
3) Stay disciplined.

Identify Existing Resources
Millionaires are typically keenly aware of their finances, but most middle- to upper-class individuals are unaware of the assets and resources they can leverage to produce greater wealth in real estate. These assets lay dormant and unutilized, resulting in a failure to act and lost opportunity costs. For some individuals, they may have enough assets to create a stable retirement in just a few years.

Use a net worth worksheet to analyze your assets and liabilities, and then seek professional help to use what you already have, or work to improve your net worth.
10-Year Portfolio Game Plan

Once your assets are clearly identified, the next step is to create a 10-year million-dollar game plan that maximizes the assets through real estate investing. The goal is to shift unproductive resources into areas of higher productivity. A typical, achievable plan results in an investor purchasing about twenty properties and making over $2 million within ten years.
However, since everyone’s situation, abilities, and desires are different, each plan should be customized. The important thing to note is the timeframe – 10 years. Many investors think they can time the market just right, buy and sell for a few years and make a million. The fact is true real estate investment requires commitment, planning, and long-term focus.

Long-Term Discipline
Any real estate investment system (ours is called Strait Path Investing) is significantly hindered when investors are unable to stay disciplined over the course of 10 years or more. When applied in its most pure form, real estate investing builds on itself to provide exponential growth. When all profits are consumed, especially in the initial stages, only linear and sporadic growth is possible.

Whatever real estate investment strategy you adopt, plan to stick with it for the long-haul. There is no way to get rich quick in just one year (unless you win the lottery). Also, you must reinvest your profits rather than spend them, especially in the beginning of the process.

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What Retirement? Where did my 401k go?

Apr 14 | by duaneclark | Retirement
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From Nik Krohn-Occasionally I’ll surf the web, read up on celebrities (aka the latest Tiger updates) or watch highlights on the gold medal winners on the Olympics. However, as I was scrolling down the MSNBC.com website, my eyes drifted a little to the right to a headline link ” Retirement? Good luck with that.” So much sarcasm in that one line! A little bit curious, I clicked and started reading.

“…It’s not just investments that are the problem: Social Security needs financial resuscitation, and the bursting of the housing bubble that helped spark the financial crisis vaporized the home equity many people were counting on to fund their golden years. Corporations are curtailing traditional pensions, and older Americans are being forced to work longer to make up the difference…Ask a middle-class American when he plans to retire, and more often than not you’ll get a wry chuckle and “I’ll be working until I die.” The attempt at humor masks what may be close to reality for some people.”

And then the key question comes up. “Where does this leave our retirement plans?” Really. Where does this leave our retirement plans? A collective $2.8 TRILLION disappeared from 401K and IRA assets in 2008 alone. Those of us who were little by little putting money away into 401K’s and IRA’s have lost faith in the system and are now trying to scramble to find ways to make up for that substantial loss. If you know any of us at REIC, we don’t believe in the traditional retirement methods so popularly advertised around the country (ex: 401K’s and IRA’s) . In fact, most of us don’t have one. And if we did, we liquidated that sucker and put it in real estate, but not just any real estate. The Strait Path Program. The proven system takes the least time, effort, and risk, creates the most value for society, and generates the greatest profits than any other strategy. It’s proven to work in every market, especially down markets.

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“Got a check for 80K for 90% discounted real estate because a thought from a book I just read…”

Mar 31 | by duaneclark | Real Estate Investing
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From Kris Krohn: A client was thinking about putting 80K into one of our REIC REO pools. In this pool we are buying real estate in 35 different states at often 90% discounts from what they were sold at two years ago. I bought this one house for under $7,800 and it sold two years ago for 150K. Homes like this had one of my clients very interested, but he was concerned because I take half the profit for getting him in. Once in a while I meet people who don’t like this idea because they want to make most of the money. This caused me to have a brief second thought. The same time I was interacting with this client, I was reading Atlas Shrugged by Ayn Rand and came across the concept of “ethical egoism.” I became convinced that the best insurance policy on the success of our REO pool is making sure that the deal is also good for me. Well, after reading and analyzing that concept, I re-focused and told the client (in confidence!) that we set up the business not only for the success of our clients but also for me! To benefit the client and myself, the operation succeeds and we all win! It is important for me to create win-win situations especially when we are buying hundreds of homes at a time for 10 cents on the dollar. When I am watching out for my own best personal interests, it allows me to build the success I need to help others create their own personal success.

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How REIC is helping the millions of unemployed…or at least a few hundred for now.

Mar 31 | by duaneclark | Economy
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So the economy is slowly recovering, just a little bit. The government’s economic stimulus plan is starting to do just that–stimulate the economy. But while things are starting to pick up and a little bit of light is creeping in, there’s still a ton of Americans, who are unemployed. Just because the economy is showing sparse signs of life, doesn’t mean the millions of Americans who’ve lost their jobs the past couple of years, will magically get an employment invitation from their old companies.

This past Saturday (February 20th), The New York Times published an article titled, “The New Poor: Millions of Unemployed Face Years Without Jobs.” Peter Goodman wrote that “Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits. Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed…Yet the social safety net is already showing severe strains. Roughly 2.7 million jobless people will lose their unemployment check before the end of April unless Congress approves the Obama administration’s proposal to extend the payments, according to the Labor Department.”

Man! Those are some heavy stats. Heavy, negative-sounding stats.

Now where does REIC comes in? Well, we’ve just launched our Business Developer program. This program is a great way for build a side business or serve as a replacement career like stay-at-home parents who want to help earn income for their families can or individuals who have recently lost their jobs. REIC has provided lots of tools (including personal websites, access to REIC resources, etc)  for each business developer. Now, this program isn’t going to solve the nation’s unemployment statistics overnight, over 100 nights or probably over 10,000 nights! However, it is a proactive step to helping improve the current economy and putting hard-working Americans back in the workforce.

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How Big is Your Sea of Humanity?

Mar 31 | by duaneclark | Business Development
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So often in life we are searching for ways to make a little extra money. I have an easy opportunity for everyone to make an extra several thousand dollars. REIC has launched a new affiliate program as part of our business developer program. Last week Kevin Clayson made a contact with a gentleman that has a database of over 11,000 leads and has agreed to let Kevin or I should say REIC market to them. This database will produce tens of thousands of dollars in extra income this year for Kevin.

 Together we are all connected. You know someone who knows someone who know…everyone. All the resources we need to be successful is are found within the person you are eating lunch with today or meet while walking the dog.

 Likewise, accelerating your game plan to make millions in real estate is simple. You need three ingredients to make a million dollars…

1. Someone to do the work
2. Someone with a job and credit
3. Someone with money for a down payment

 However, you don’t personally need ALL of these resources to be successful as we so often believe. You need none of them to make the money. You simply need to organize the resources to create more wealth all around for everyone involved. Every one of us knows someone who has one or more of these resources. Put them together and you have the makings of a successful business through REIC’s Strait Path System.

If you’re an excellent connector and know how to tap into your sea of humanity then you to have the tools to create wealth.

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Now is the best time to buy real estate

Mar 27 | by duaneclark | Economy
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Where is our nation’s real estate market headed? What will happen to interest rates, the building market, and supply of homes? Learn why now is the best time to buy real estate and cash in on easy profits. Using REIC’s system leads to amazing profits in a typical market. Watch what happens however to all the portfolio owners that experience the next up wing in real estate. Build your portfolio now and 2014 could be the year you become worth a lot of money just for holding a portfolio.

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