Quotes of the Day

If the math doesn't' seem to work on a certain type of investment in your area, perhaps it's time to consider what is working. Would wholesaling commercial properties be a better use of your time? What about multifamily properties? How about condo conversions? What about fast food triple-net leases? Have you considered subsidized low-income housing? To find what is working in your town, simply connect with investors who are actively engaged in your market. What are they investing in? How are they making a profit? Discover the secret to their success, and you'll find the path to yours. [2015] - Brandon Turner

When a trader first starts out, he needs to remember that it’s not how much you make but how little you lose that keeps you in the game. [2003] - Marcel Link

Sales Steps: 1. Establish Rapport. 2. Qualify the Buyer (Find the Needs). 3. Build Value. 4. Create Desire (use market data and your core story to create a combination of problems and solutions; paint a picture of their future and not just your products). 5. Overcome Objections (always agree with an objection, then isolate the objection). 6. Close the Sale (help prospects make the decision, assume the sale, etc.) 7. Follow Up. [2007] - Chet Holmes

International health insurance: These plans cover you anyplace in the world. Some companies also offer a semi-global option, excluding certain high-priced countries in exchange for a lower premium. Premiums vary, but for a healthy, 60-ish individual, expect to pay roughly $3,000 to $5,000 a year. National, in-country health insurance: These plans provide in-depth coverage in a given country. Ask whether the plan includes a travel-insurance component to cover health emergencies when visiting other countries. Premiums in Latin America generally run 10 to 35 percent less than international plans, while in Asia they can cost $1,000 a year or less. Hospital membership plans: Top hospitals in some countries—notably Costa Rica, Nicaragua, Panama, and Uruguay—offer membership plans that provide steep discounts on services at their facilities, including hospital stays, doctors’ visits, and prescriptions. Monthly fees generally run $25 to $75 per month per person. [2014] - Dan Prescher

Hiring the contract with the lowest quote can set you up for disaster. If you're doing major home renovations, get in writing quotes from at least three contractors. If a quote is a lot lower than the others, it may be a warning sigh that the contractor is cutting corners to save you money. Often it's best to choose a quote that's somewhere in the middle. [2017] - Sean Cooper