It is no secret that the most successful people in the world are early risers. If this is new to you, take a look here. Do you recognize any of them? Clearly, there is a positive correlation between early risers and extreme success. So why is it that you hate mornings? Why do you wake up the last possible moment before scurrying to work?

My guess is that waking up is likely the most stressful part of the day. First, you start the day with multiple alarm clocks that wake you up in five-minute intervals. Talk about annoying and completely irrational! If you hate waking up, why the heck do you do so multiple times? That’s just stOOpid (with TWO O’s!).

You get out of bed at the last possible moment, quickly get ready, and drive your car 20 minutes in traffic to work—a place you would likely not frequent if you were not paid.

You do all of this with a mind and body that has been deprived of food and water for the past eight hours. No wonder you hate mornings!

Have you ever noticed how weekend mornings aren’t nearly as bad? You take the time to get up, and if you do get up early, it is in order to do something that you love to do (i.e. hike, vacation, etc.). It’s not the morning that you hate; it’s what you do in the morning that you hate.

Related: Not a “Morning Person”? Why That’s Simply a Lie You’re Telling Yourself

Miracle Morning

Thanks to Hal Elrod and his best-selling book The Miracle Morning, mornings (and lives) around the world have been transformed forever. In the book, Hal goes into his findings from studying the most successful people’s morning routines. He takes note of six different activities many of them do and calls them “SAVERS.” Many successful people practice at least four of six of these activities, but rarely do all six. So what happens if you do all six? That’s for you to find out!

Just a note: I did NOT get paid to write this article for Hal. His book changed my life, and I want to share with you my routine, what it has done for me, and how it can have a similar impact on you.

Pre-Routine

First things first. You are groggy in the morning because you are dehydrated. How do you remedy that? You drink water (call me doctor). I chug a 24 oz. bottle of water as the first thing I do when I awake.

After you have chugged your water, go take a shower (or wash your face), brush your teeth, and mouthwash. Psychologically, there is something about taking a shower and brushing your teeth that tells your body that you are awake for the day.

“Brush my teeth before I eat?! That’s a savage move!” Actually, it’s better for you. Check it out.

Now you are ready to start your miracle morning!

The Routine (SAVERS)

Hal Elrod coined the acronym “SAVERS” to help us remember each aspect of the ideal morning routine. Perhaps you do a few of these already, but why not try them all? Here is the list:

  • Silence/Meditation
  • Affirmation
  • Visualizations
  • Exercise
  • Reading
  • Scribing

As an example, I will take you through my miracle morning. It may seem like a bunch of hocus pocus. I didn’t believe it at first either. I’ll admit, it’s weird. But it works, and I like it!

I have been doing this for about six months now. Here is what I have accomplished in that timeframe.

  • I went from a job that I did not love in San Francisco to my dream job at BiggerPockets in Denver.
  • I was able to kick my weekend drinking habit.
  • I was able to remove all added sugar from my diet.
  • I rented an apartment in downtown Denver for less than half of market rent.
  • I purchased a car for 75% of its listing price from the dealer.
  • I purchased a brand new remodeled duplex in an up-and-coming part of Denver with an FHA loan at under listing price. At this time, almost all properties have multiple offers and are going above listing price.
  • I created passive income streams of more than $1,000 monthly.
  • I was able to accomplish moves in Crossfit that I once struggled with (muscle ups and double unders).

I am not telling you this to brag. Truthfully, there isn’t much to brag about. There are many people who are doing much better than me. However, if you compare this to six months prior, you will see a tremendous improvement. You will see that I have taken many steps towards accomplishing my goals, resulting in a much happier life.

So, now that you know the impact the miracle morning has, let me give you an example of my routine.

My Morning Routine

1. Silence/Meditation (10 Minutes)

The first thing I do is meditate for 10 minutes. I use a playlist on Spotify called “10 minute meditation,” and it works perfectly. This helps me stay calm, focused, and concentrating throughout the day. If you’re questioning the effects on meditation, you can check out all of the benefits here.

2. Scribing/Journaling, Part 1 (5 Minutes)

Next, write down three things I am grateful for. Yes, this can get repetitive and you might start appreciating really small things. Either way, that’s great! It puts a positive perspective to start your day and reminds you that all of the things you have right now are, well, great!

In an effort to continuously improve, I write down three things I need to be better at. Can’t think of anything? Could your spending habits improve? How about fitness or dietary habits? Anything at work or in your family life that you can improve upon? I am sure you can think of something.

Related: 6 Words That Will Forever Change How You Wake Up in the Morning

Next, I write down three goals that I would like to accomplish for the day and make sure that these are aligned with my weekly, monthly, and annual goals.

3. Affirmations or Prayer (5 Minutes)

As Napoleon Hill (and also my mom) says, “Anything you can conceive and believe, you can achieve.”

This may sound silly, and I do not mean to offend anyone, but affirmations are the simplest form of prayer. Repeating my goals to myself causes my brain to subconsciously focus on them throughout the day. You will be surprised how things tend to fall into your lap, allowing you to easily accomplish your goals, when doing this.

I use the Miracle Morning app on my phone. I write my affirmations in there and read them every morning emphatically.

4. Visualizations (5 Minutes)

Visualizations are similar to meditating. The difference? In meditation, you do your best to think about nothing except your breathing. In visualization, you envision yourself accomplishing your goals.

This can be done in many different ways. Some people create a bulletin board and pin pictures of their desires to the board. I personally shut my eyes and visualize myself achieving both my short and long-term goals. This keeps the fire burning.

In all of the feats I outlined above, visualization was a huge part. I envisioned myself accomplishing these, and they came true. It’s weird, even eerie in a sense, but I am not complaining.

property-management-checklist

5. Scribing/Journaling, Part 2 (30 Minutes)

Now that my mind is focused, I take the next 20-30 minutes to write freely. I used to HATE writing. But once I started writing about things I have passion for, I realized it is quite refreshing.

Oftentimes this writing ends up in the form of a BiggerPocktes blog post. Yes, it is currently 5:15 a.m. as I write this as part of my miracle morning. ?

6. Reading (90 Minutes)

For some people, reading for 90 minutes might be overkill. However, I set a goal to read 60 books this year. A big reason why I am well on my way to accomplishing this is that I take 90 minutes every morning to feed my brain. You will be amazed how much you can learn just by reading at least one book per week.

7. Exercising (40 minutes)

Maybe this means going for a morning run before the sun wakes you. For me, I prefer my rigorous workouts in the afternoon. So I throw on a podcast and foam roll/stretch for 30-40 minutes. This gets my muscles loose, releases endorphins, and prevents injury from my more intense afternoon workouts. I then do as many pushups as I can to get the blood flowing, hop on my bike, and head to work.

Conclusion

As you can see, my morning routine is long and a bit out of order. All in all, it is about 3.5 hours long. Now, I am not asking you to wake up 3.5 hours earlier. That’s absurd! And in no way is that initially sustainable.

My suggestion for you would be to try to wake up 30 minutes earlier and do all of the SAVERS for 5 minutes each. As you become more comfortable waking up earlier and you begin to want to spend more time in your miracle morning, you can extend it to one hour, two hours, etc. Before you know it, you will be a super early riser and will be able to get more done before 8:00 a.m. than most people accomplish in a week!

We are republishing this article to help out our newer readers.

Happy SAVERing!

Would you consider waking up earlier to adopt some of the SAVER habits? Why or why not?

Weigh in below!





Source link




Renters Warehouse, a property management company that specializes in managing rental houses, announced recently that it hired Nolan Jacobson to serve as the company’s executive vice president of finance. Prior to joining Renters Warehouse, Jacobson worked as the treasurer of Silver Bay Realty Trust, a real estate investment trust that owned and operated single-family rental homes.



Source link


Today I’m talking to you guys about the real estate deals you should stay away from. 

I want to start by sharing a bit of background with you. I started my journey with American real estate about six years ago. I believe I bought my first property in 2011. I completely lost my butt in upstate New York because I bought a turnkey property from the wrong provider. They passed me onto property management, nickel and dimed me to death, and I lost around $20,000. Whatever. That’s where I started my journey.

Start Small

One thing I still believe to this day is when you’re looking at investing in real estate (or a particular market or region), start small. This is something I tell my investors every single day. I have a lot of investors who come to me wanting to invest large amounts of capital. And I say, “No. Start off small. Get your feet wet. Get to know the market. Get to know me and my company—and I want to get to know you before we can expand on our relationship.”

Today I own a bit of real estate in the Bahamas; I just bought a condo in Japan; I’m looking at some properties in Italy and Cuba because I want to own real estate worldwide. But I still want to invest the least amount of money possible, which equals the least amount of risk. The lower the amount, the lower the risk. That is my philosophy. It’s something that I have practiced and I am not going to change this particular method. Even if it means buying the crappiest property in the crappiest area—a D-class property—renovating it, and breaking even on it, I don’t care. I want to learn the process and the market. I want to learn who is who in that particular region. I want to build trust and relationships with people, because then I will start getting exclusive access to amazing opportunities. Once people see that I’m a player, that I’m doing deals, that I’m willing to take risks, that I’m on the ball, in your face, and getting it done, then they will want to work with me. So that is kind of my method. It’s what I do and how I started. Then once you get your feet wet, guys, the door opens. When people know that you’re doing business there, they start presenting you with all these opportunities. You kind of become one of them, and that is exactly what you want to do in a market.

Related: How to Avoid Renovation Mistakes on Your Rental Properties

Keep it Simple

Now, fast forward to what this blog post is actually about, and trust me this makes sense with what I just mentioned. The properties you should run away from and absolutely never buy are the ones that need a ton of work structural rehabs. I’m talking about properties that don’t have any margins in them unless you start doing all kind of development—those are a no. You start by extending the porch or extending on the backyard or completely revamping the entire floor plan. Or maybe you’re subdividing that land and building another property on the subdivided lot. Guys, these things are a recipe for disaster—particularly for all of you newbies out there because you can’t control the outcome. As much as you want to say, “Yes; I’m the master of my fate; I’m the captain of my soul; I call all the shots,” you don’t. Sorry, you don’t. You have to run everything you want to carry out past the city. You have to get an architect involved, and the city has to approve it. We all know the city has its own agenda and its own timeline for how it wants to go about things. It’s not in your control. Do not do that.

Related: The Worst Real Estate Deal I’ve Ever Done (And How You Can Avoid the Same Mess)

Keep Your Cash

Guys, invest the least amount of money possible in a particular deal. Just like when you are getting your feet wet, when you are actually starting in real estate or you are actually looking at expanding into a new market. I don’t care if you break even—learn the process, meet the team, get to know who’s who in that particular market, and then expand and build on that. That’s when you’ll start getting some amazing deals.

I would run away from anything that needs structural work, approval from someone else, or has a big mortgage attached to it. Buy properties that need a cosmetic rehab, spend the least amount of money possible, renovate as quickly as you can, sell it for whatever you can, cash out, and do the next deal. Learn the team, the people, and who’s who. Get to know the market, then you can always expand on that.

So that’s kind of my two cents for you. This is something that I do. It’s something I recommend you guys to do. I wish you much success with it.

Do you have any questions about this method?

Do you agree or disagree? Share your thoughts below!





Source link




Real estate investment firm Waypoint Residential announced Friday it added three members to its senior team to bolster the firm’s operations. The company has named Doug Wolski managing director of portfolio management, James Driscoll to the role of senior vice president of development and Gina Lujan as vice president of talent.



Source link


Plenty of people can purchase a house to live in. But how can you leverage that single home into many more real estate deals—enough to achieve financial independence? On today’s episode of The BiggerPockets Podcast we sit down with Amy Arata, a real estate investor and former molecular geneticist who shares how she eventually turned a live-in flip into 40 rental units. Don’t miss Amy’s incredible “people boxes” advice—as it could change the direction of your real estate ambitions forever.

Click here to listen on iTunes.

Listen to the Podcast Here

Watch the Podcast Here

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thanks! We really appreciate it!

This Show Sponsored By

simplisafeCheck out SimpliSafe Security’s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn’t require a contract!

Try it today with a discount: simplisafepockets.com

In This Episode We Cover:

  • How Amy got into real estate investing
  • A successful live-and-flip of their home
  • Lead-based paint issues
  • Going about tax deductions
  • Where they went wrong after their first successful deal
  • Their first rental property
  • How cash-out refinance works
  • How they pulled the trigger on the deal
  • Including property management as an expense
  • Getting a commercial mortgage
  • Amy’s deals and rental properties
  • Buying properties at auction
  • How Amy funds her deals
  • Amy’s criteria for finding properties
  • Amy’s average profit per deal
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “In real estate, the number tells the story.” (Tweet This!)
  • “Math overcomes fear.” (Tweet This!)
  • “The more you do something, the more comfortable you get with it.” (Tweet This!)
  • “When people find that you have integrity and you know what you’re doing, they seek you out.” (Tweet This!)

Connect with Amy





Source link


Progress on N Hollywood flip #philly #phillyrealestate #flipper #buildinganempire ??️









Will WeWork completety disrupt traditional commercial real estate? #landlordlife

WeWork’s $20 Billion Dream: The Lavishly Funded Startup That Could Disrupt Commercial Real Estate

With over $4B in funding, WeWork is expanding aggressively at home and abroad and pursuing diverse investments that have raised eyebrows. But its real-estate-as-aservice offering and trove of data on optimal office design could make the company’s value prop far more than a marketing ploy.

727 Tulip Ave, Croydon, PA 19021 ~ Frank Buys Philly | Building Opportunities

New windows, electrical, plumbing, floors, kitchen, bath, heating, etc. all on a double lot. Awesome Cape located on a quiet street. Features bright and open kitchen with stainless steel appliances and gleaming hardwood floors. Situated on a huge private yard. Special Financing or Trade available to…


#buildinganempire

Financial Freedom in Less Than Five Years with Joel from FI 180 ~ Frank Buys Philly | Building Opportunities

Joel and his wife were barreling down the wrong financial path—saving nothing and spending more than $100,000 every year. A freak car accident changed the direction of their lives by causing them to re-evaluate what was truly important to them. In five short years, they went from a negative saving…




iStar announced Tuesday that Marcos Alvarado joined the firm as its chief investment officer. Alvarado will serve as a member of the senior executive team where he will oversee originations and growth across the company’s diversified $5 billion investment portfolio.



Source link