Student Weekly Wisdom #6 - Tweak or Toss with Carol Stinson

I love the tweak or toss concept! It makes total sense... don't give up when we're not succeeding with our strategy; instead, tweak it, and toss what's not working!

Valerie

Thanks for taking the time to post. I have yet to get my first deal but I can not say it doesn't work in my market when I know for a fact that it does. Anything and all things are possible if we believe and put forth the effort. We absolutely do have to review the actions we are taking and evaluate how we can adjust or re-arrange what we are doing. How many attempts did Einstein make before he got the result he wanted? Those folks who don't work it and make it happen will stay in the 98% and that includes me which I am continually working on the change. That is the reason that I am speaking to this issue. We individually have a choice. To do or not to do. If we choose not to do then we have no right to complain. I am taking responsibility for my own personal issues and suggest that others might just do the same.

Have a happy and safe 4th of July.
"HAPPY BIRTHDAY AMERICA"

Thanks Carol! I think sometimes we hold on to an idea and keep trying the same old thing instead of making the lesson our own! We need to constantly check, and recheck our "processes" and goals to make sure they are working for us.

This is a very good point that a lot of people probably need to hear. Every market is DEFINITELY not created the same!

Karen

i will listen to this again...

No doubt RE investing is a marathon and not a sprint. In a marathon, you sometimes go fast and sometimes go slow but you try, always try, to finish the race.
For us investors, we need to understand that each strategy may not work everywhere in the form and formula we were given the strategy. We then have to be inventive to see if it can be changed, whether slightly or dramatically, to get it to work or not. There are so many ways to make a deal that tossing a strategy shouldn't be "the end of the world" for us. " Tweak it or toss it", simplicity at it's best.
Thanks Carol

Andy Sager ( Carol Stinson's biggest fan )
DG's AndyS
CFIC & IE member
2013 & 2014 EDGE Alumni

for sho, love that, so true I have been thnking bout that, how diff things will work in diff parts of country we are diverse, it is not one size fits all.

Thx for that Carol, bandit signs do not work for me here in san diego either no calls & i made them exactly like everyone says, but we cant give up we have to adapt like you say & move on & make it work, somehow make REI work. thx.

Carol, I absolutely cannot wait to meet you some day soon. You're right and we do need to adjust strategies to the market we are in. Thank You so much.

I totally agree with you 100%. In Hawaii, you may already know the markets here is ridiculously Expensive! But, I love the way you mentioned to "change your mindset and re-evaluate your strategy again and again, and think How can I make this ex: (25:1), or (wholesale) real estate deal work for me!" ---
GOLDEN NUGGET ADVICE! Thank you, thank you, thank you.
For me, I was having stumbling blocks find (Great Realtors) to work with. But I remembered Matt Larson said in Dean's 30-days to RE Cash (book):
"Build a Fax or Email Sheet!" ---OMG! Brilliant Mindset Matt! Thanks.
I tweaked Matt's info. and added a few touches of my own. Within (1hr) I had received 67 agent calls (plus their resume's), scheduled 5 appointments to meet & greet, and their listings of my criteria properties, along with their hot pocket lists! DG INSIDER ELITE is my golden ticket to success!
Thanks Dean, Carol, Matt, and my DG OHANA (family).

What a great way to explain what and how to handle the way we deal with our deals and tasks !! You are a Super woman when it comes to giving advice !!!!!

Thank you Carol that was really good information to hear
it really is.

Thank you so very much!

Very encouraging Carol thanks you!

I have been trying to get into real estate for years. Bought two properties in 2004 in CT, and it has been a nightmare since day one (bad area, a lot of evictions and repairs) I have lost a lot of money in the 6 units property. I want to move on now, but need advice and guidance on where to buy.
I work full time in NYC (commute 4 hours every day to work), my baby will be 3 in September 2014 and was diagnosed with autism last year. He needs my help, but I do not have much free time to be with him, and I need to change that now.
I have been feeling so guilty for not being around more for my baby that I took a 7 months leave of absence from work to spend more time with my baby and get him involved in more programs to help him with his delays/autism. I need more free time, and I feel the only way of getting this time is by trying to get into real estate. I would love not to go back to work and become a full time real estate investor to support my family, but I am scared of making more mistakes in real estate and selecting the wrong area to invest again. I have bought many real estate books, attended many real estate seminars, paid for personal coaching with no results, but I still believe in real estate….. It is my only hope now to spend more time with my baby. Hope to find honest and sincere people in this site willing to help me with their experience and advice.