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6 Steps To Flipping Apartment Buildings

6 Steps To Flipping Apartment Buildings

There’s a lot of talk about flipping single family houses, but what about flipping apartment buildings?

First things first….when it comes to flipping apartment buildings you have to realize that doing so is not a passive income stream. Because once you flip the apartment building you are done with it, it’s not going to bring you in any income….you’ll have to get more apartment buildings and flip them as well.

So, holding apartment buildings for rental income is passive income but flipping apartment buildings is not. Make sense?

Is flipping apartment buildings something that is possible, though? Of course it is.

And the process is the same as flipping single family properties.

1) Get together a list of investors that buy apartment buildings in the area where you will be flipping apartment buildings.

2) Reach out to them to find out what their criteria is for apartment buildings they are interested in owning.

3) Go out and find those types of apartment buildings.

4) Get them under contract for less money than the current value OR you can get them under contract for the value of the property as long as there are things that can be done to the property to increase it’s value (under market rents, deferred maintenance, etc.)

5) Reach out to your investors in step #1 when their criteria in step #2 meet what you have available with your apartment building under contract.

6) Now….flip your contract to this investor. By the way, when flipping apartment buildings you can do so with a contract or option.

And that’s the gist of flipping apartment buildings. Now, even though flipping apartment buildings isn’t passive income it can be an awesome way to build up cash so that you can then invest that cash into passive income streams like owning apartment buildings or owning ATMs, etc.

If you’d like to get more information on flipping apartment buildings there is a great training program out there from my friend Susan Lassiter-Lyons called Master Lease Options. It’s top notch material and you can use it to hold apartment buildings or to begin flipping apartment buildings. Check it out and let me know what you think about flipping apartment buildings or if you’ve ever actually flipped apartment buildings before.

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Best Marketing Letter

Best Marketing Letter

I was sitting here this morning wondering what to write about today on this blog.

While thinking I decided to check my email and there it was…the best marketing letter
that I’ve ever received! Ok, so it was an email but you get my drift lol

I decided to write about this marketing letter today because I think that a lot of you
could use the information in a ton of different ways for your businesses.

Many of you know that I have 3 cats, Riley, Spencer and Blade, plus Joe has a cat named
Colors. Sooooo, obviously we buy a lot of cat food, cat treats and even these things
called Pill Pockets that allows the cats (Blade mostly) to easily take medicine.

spencerrileycouchbladeytongue

You still with me? So routinely I go to this store in my area called Pet Supplies Plus.

Now they send me marketing letters / emails from time to time. You know like their weekly or monthly
specials. I even get some marketing emails from them with a coupon.

But today….today I received a different marketing letter / email message from them. Here it is:

———————————————————————————————————-
First the subject: Carey, New Sale Prices on Items You’ve Bought (which made me open it for sure! I mean why wouldn’t I? It said stuff I bought is on sale!)

Body of email: Dear Carey,

Our new sale runs from now until August 21st. We’ve looked at products that you’ve recently purchased and I want to let you know these items are on sale now:

• Fancy Feast Assorted Varieties- 3oz $0.50 SAVE $0.13
• Greenies Feline Pill Pockets Chicken – 1.6oz $6.98 SAVE $1.00
• Greenies Feline Oven Roasted Chicken – 5.5oz $4.50 SAVE $1.48
• Farnam Cz Feliway Diffuser – 1ea $37.98 SAVE $5.00

We have over 1,800 other products on sale this month. Click here to check out some of the other sale items in our store flyer.

Best wishes,

———————————————————————————————————-

Now when I read the email I thought “holy shit, that IS the stuff I buy.” If I needed
any of those items I’d be going to the store today (or at least before August 21st.) Truth be told; I was at that store last night and bought some Greenies and Greenies Pill Pockets on sale (and some catnip lol)

But I did make a note in my cell phone of the ending sale date on those items and on the fancy feast. I even put the sale date in my phone. You see, I’m a passive income creator but I don’t like spending more than I have to 😉

marketing letter

This is hands down the best way that I’ve ever seen a store use their information that they have on file from their customers using their loyalty cards. (You know how stores give you a loyalty card and you can get discounts with it?) Well all of these stores know what you buy, so I’m surprised that I don’t get more emails like this?

Is this not an amazing marketing letter / email from this company or what? Other companies should take notice….you have loyalty cards? Use the info that you have at your disposal and send a marketing letter / email to your customers more often.

How Can You Use This Marketing Letter In Your Business

I thought that this type of marketing letter / email would be great to use in all kinds of passive income businesses that you may have.

For instance, let’s say you’re a real estate investor. You’re a wholesaler to be exact. Well you have a buyers list (you DO have a buyer’s list don’t you?)

So, every time you get a new property under contract boom send your marketing letter out to your list of people that have bought from you before when this new property meets their criteria.

You could say something like: You’ve purchased a 3 bed/2 bath row from me in X town in the past and I just wanted to let you know that I another one available right now. Here is the info:

BAM! Great little marketing letter that will definitely get you some responses.

Ok, now let’s say you’re an online marketer. You just created a new product. You can go over your database of folks that have bought similar products from you in the past and then send them a marketing letter about your new product.

You could say something like: You’ve purchase my Automatic ATM Profits ebook from me in the past and I just wanted to let you know that I have a new product available now called Cash Machine Profit Formula. Here is how you can get more information on this product:

BAM! Great little marketing letter that will definitely get some responses.

Let me know in the comments how you intend to use this letter and/or what are some of the best marketing letters / emails that you’ve received recently?

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T. Harv Eker Gives Me My Own Personal Millionaire Mind Seminar

Click here to Register for a Millionaire Mind Seminar in your area.

Click here to get more info on T. Harv Eker’s book: “Secrets of the Millionaire Mind.”

Click here to get more info on the audio version of “Secrets of the Millionaire Mind.”

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Teach Kids About Money

Teach Kids About Money

When I’m out on the road speaking at events I often will ask the question
“How many of your took passive income 101 in high school or college?”

As you can imagine no one raises their hand but I get a lot of chuckles.

The reality of the world is no one will REALLY teach kids about money
so that’s your job as a parent or sibling or aunt or any important person
in a kids life.

I’m going to give you some fantastic resources at the end of this post but
first let’s get into a couple of basics that you can use to teach kids about
money.

Teach Kids About Money – Active Income

When you teach kids about money you’re going to want to teach them about
active income; which is basically trading your time for dollars. For
example; working a 9 to 5 job and getting paid for that job. Or you can even
teach them about perhaps being a doctor and having their own practice. Again,
that’s active income tho, because if you’re not seeing patience as a doctor
then you’re not making money.

But when you teach kids about money you definitely want to teach them about
active income and if you are in a situation where you receive active income
then you will want to share that with your kid. Including how long you’ve
worked there, how many hours a week your work, how much you get paid per hour
or per week, how long you plan on working there, etc.

Teach Kids About Money – Passive Income

Here’s my favorite part when looking to teach kids about money. Most kids
see their parents working a job (active income.) That’s how they grow up
and that’s all they really see.

But what you want to teach kids about money is that there are other ways to
make money as well. My favorite was is called passive income.

Passive income is an income received on a regular basis with little to no effort
required to maintain it.

Some examples of passive income are a savings account. Simple, easy to understand
example. You deposit money into an account and make interest on it every month.

Another example is rental property. You own a property and rent it to a tenant
who in turn pays you every single month to live there. Obviously, you charge the
tenant more for rent than your mortgage is and that’s your profit.

Keep in mind that most likely that tenant HAS to get up and to work to make
“active income” every single day to pay you that rent payment (which is passive
income for you.)

Another example is owning ATM machines. You own an ATM machine, put cash in it
and charge people a surcharge fee to use the ATM machine and get access to the
cash.

Obviously, you don’t have to be there when someone uses the ATM machine. You just
invest a little bit a time to fill the ATM with cash once a week or month, etc. And
it then provides you with passive income.

It’s very, very important that when you teach kids about money that you do in fact
teach them about passive income. Why? Because they will not learn about it in
school, college or anywhere else for that matter UNLESS they seek out the information
on their own.

And a lot of times, if someone doesn’t know about something, they don’t think to seek
out that information, right? Because they don’t even know the concept exists.

Teach Kids About Money – Life Choices

The main purpose of this post is to teach kids about money in terms of active income
and passive income.

When you do that you are literally planting a major seed in your child’s life. You
are letting them know that they have a choice in life in how they generate money,
invest money and spend the rest of their lives.

Do you know that co-worker who complains all week long and only looks forward to
Friday? Thank God It’s Friday they say……every single week!

Think about this, do you want your child to be in a situation their entire life where
they only look forward to one day a week, ever week. I’m just giving you some information
to help you armed to teach your kids about money so they have better control over their
futures.

You can start young with your children. I have a 12 year old stepson and we’ve been
teaching him about money, business and investing since he was about 8 years old.

Why? They are at the age that they are sponges and they absorb information like crazy.

Sometimes they aren’t interested but guess what? They still hear you and are planting
little seeds in their heads. They will bring it up when they are ready.

So, please teach kids about money and teach them about all aspects of money, business
and investing. Start small, be consistent and welcome all questions and also be patient.

They are listening……they’ll bring it up when they are ready.

Teach Kids About Money – Great Resources

Here are some awesome resources that I highly recommend to you when you are starting to
teach kids about money in your life.

1) Secrets of the Millionaire Mind (Audio version) by T. Harv Eker – this is one of my
all-tie favorite books (and audio cds) ever. I listen to these cd’s personally once
every 3 months or so. Awesome.

I give you the audio version because it may be a little bit easier for a 12 yr. old or
so to digest then reading the book. It’s a good idea for you to listen with them in
little increments when perhaps driving in the car? or before going to bed.

Note: They also have Secrets of the Millionaire Mind flashcards. They are fantastic. I use
them everyday to write a note in Joe’s lunch. They reinforce the information from the book.

2) Rich Dad’s Rich Kid, Smart Kid: Giving Your Kid A Financial Head Start by Robert Kiyosaki – This is basically
a handbook for parents (or other adults) in helping you teach your kids about the importance of money and financial
planning.

3) Rich Dad’s Escape from the Rat Race: How To Become A Rich Kid By Following Rich Dad’s Advice by Robert Kiyosaki – this is a comic book that would be an excellent way to teach kids about money. Kids love comic books, so this is a definitely easy read for them. (Joe read it at least twice!)

4) Rich Dad Poor Dad for Teens: The Secrets About Money – That You Don’t Learn In School! by Robert Kiyosaki – now if you have older kids, teenagers?? then this is an outstanding book that you can use to teach kids about money.

My older stepson Brandon (he’s 21 now) but when he was younger we bought this for him. Whenever I speak to 8th graders or above I try to give out a least a copy of this book to a student and also I try to donate a copy to the school library.

5) Cashflow for Kids – this is an excellent board game that you can play with your kids in order to better teach kids about money, business and investing. This is a board game from Robert Kiyosaki, who’s the author of all the Rich Dad books.

I think this enough awesome information that can help you tremendously with shaping your child’s future by teaching
them about money.

I’ll leave you with one more book and this is the book that started it all for me. But before I give you this book I want
you to know that the book above in example #1 is an excellent one for you to read and listen to! It could change your life.

So, the other book that I’d like to share with you is more for you, perhaps when your child get a bit older they can
read this one or if you were to find it on audio then you can include it for them as it’s a great story about kids, so
they could relate (but it may be a tough one to actually read for them.)

It’s called Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! – by Robert Kiyosaki. Check it out and then let me know your thoughts. It really is what started a huge change in my life for me.

If you have any other ideas about how to teach kids about money, please list them below.

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New ATM Business Webinar

New ATM Business Webinar

So, you’re looking to add a passive income stream to your life? And you
were thinking the ATM business may be a good fit, but you had questions?

Well then my new ATM Business Webinar would be perfect for you!

This ATM business webinar is 100% free to register for. There are also
several days to select from for my new ATM business webinar.

The ATM Business Webinar Training

Here’s what you will discover on this ATM Business webinar:

* Discover how you can take control of your life with passive income so you never have to worry about a job loss or a terrible economy again

* How to generate $3,000 to $5,000+ per month in passive income by owning little ATM machines

* Realize how you can create massive, passive income without any tenants, toilets, downlines or SEO optimization

* Learn the ultimate ways for finding killer locations to place ATM machines in so that your monthly income equals or exceeds what you are currently making

* How 1 minute and 10.8 seconds a day, week or month can change your life

* …..and much more!

Just a warning for you though. This ATM Business webinar will last about 60 minutes or so in length, so please make sure that you plan accordingly and set aside time in your schedule to spend with me.

Remember, this ATM Business webinar is a 100% free training session courtesy of yours truly. You will also be able to ask any questions that you’d like after seeing the entire ATM business webinar.

To register for my upcoming ATM Business Webinar just fill out the details below:

Oh and one more thing. If you know anyone in your life that would benefit from watching this ATM Business Webinar then please share this post with them! They just may think you for it (and I’d certainly appreciate it!)

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The Best Investment for Passive Income

The Best Investment for Passive Income

Have you ever wondered what the best investment for passive income
success is?

In this post, I’m going to share with you what the absolutely best investment
for passive income success is for you. Yes, YOU.

Some of you may be disappointed when you hear it and some of you may
feel a sense of relief. Regardless of how you feel when I tell you this answer
I can promise you one thing: this is by far the single best investment for
your passive income future. No if’s, and’s or but’s about it.

So what is the best investment for passive income?

What is the Best Investment for Passive Income?

YOU ARE! Yes, you are the best investment
that you can make for your passive income future.

Folks, you need to start investing in yourself. Yes, the single best
investment when it comes to passive income is your ability to
INVEST IN YOURSELF!

If you think “invest in yourself” is a little too self-helpy for you or
a little too out there for you then you know what? Call it an education.

Call it training. I don’t care what you call it but you must take this step
to invest in yourself if you want to change something that you do not
like in your life right now. (For most folks, that’s either lack of money
or lack of time with family and friends.)

So many folks out there want the best investment for passive income or
the best investment for anything but they aren’t willing to go that extra
step and invest in themselves.

What do I mean by Invest in Yourself

Now you know the best investment for passive income is your ability to
invest in yourself.

But what exactly does that mean? Well, when you invest in yourself you
will sometimes invest your time.

You will sometimes invest your money. But for the majority of situations
when you invest in yourself you will invest your time and your money.

If you want to know how to do something that someone else already knows
how to do…..why would you think that someone should walk you through
that information for free?

This is a very serious question. You can take a moment to think about it.

They have already invested in themselves by investing their time and their
money and now they are successful, so why do YOU think they should spill
their guts to you for free?

Because you’re a nice person? Because you have no money? Because you have
big things planned? Why?

I have news for you…most of these people that you are wanting free information
from are nice people too, they also HAD no money and they had and still have
big plans.

But they did something that most other people won’t do…they said you know what
I’m going to invest in myself.

Listen, I’m not telling you to not seek out free information. Free information is
awesome. Heck, that’s how I got started in real estate investing. And that’s why
I provide tons of free information about the ATM business…..

So, free information is great. But at some point you have to say to yourself

“Self, I want this (whatever THIS may be) and I need more then this free information. I know
this is someone that I can trust and that will help me get to where I want to be, so
I need to go ahead and tell myself that the time is now to invest in myself. I need
to go in a different, more better, more financially secure direction in my life and the
only way it is possible is to invest in education for myself and yes, this person deserves
my hard earned money while I invest in myself because they are more than willing to
help me since THEY CHOSE to invest in their self a long time ago to learn what I want
to know now.”

That was a mouth full, I know. But please, take a moment to read it, feel it and understand
it.

Free information will only take you so far. Free is great for a while. But that old saying
“you get what you pay for” is very true.

This post has been a long time coming. I don’t want it to come off like I’m being some
jerk, but the reality is if you know something that I want and need to know how to do
then you DESERVE to be paid for that knowledge….don’t you agree?

Same goes for me. If I know something that you want and need to know how to do
because you feel it will make you happier? healthier? wealthier? more secure? etc.?
then I DESERVE to be paid for that knowledge as well, right?

And when I say “I” here I’m not really just referring to I. Of course, if you’re interested
in creating a lifetime of passive income by owning ATM machines then yes, I would be
appropriate for me when it comes to your best investment with ATMs lol but when
I say “I” that really is referring to anyone out there in the real world or the internet world
that has the ability to teach you something that you do not know and that you want to know.

Whether it be a real estate investor, online marketer, network marketer, etc. Anyone
that has special knowledge that you want. PAY THEM FOR THAT KNOWLEDGE…there
is nothing wrong with that, it’s how you invest in yourself and I promise you that
when you choose to invest in yourself it will be the best investment for passive
income you’ve ever made!

Can I share with you real quick what happens when you invest in yourself? When
you choose to invest in yourself you now have this new knowledge that you can
use and take action on for the rest of your life. NO ONE, and I mean NO ONE
can take that knowledge away from you.

You can use it to make more money for the rest of your life.

You can use it to spend more time with your family for the rest of your life.

You can use it to really design the lifestyle that you want….for the rest of your
life.

But it’s YOURS forever, because you finally chose to invest in yourself. Can’t nobody
take that from you. And because of that, you can always, always bounce back from
any situation, any job loss, any down economy. You are at the mercy of no boss,
no manager, no job market…….you have the ability to create your own destiny because
you chose to invest in yourself. And that is real power. And that power makes investing
in yourself the best investment of your life.

invest in yourself and create your own destiny

Tell me below how did you invest in yourself this month so far? Why did you make
that investment? What is your ultimate goal that you are seeking?

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How To Make Passive Income

How To Make Passive Income

I know there are a lot of people that wonder how to make passive income?

First though, for folks that don’t wonder how to make passive income because
they don’t even know what passive income is; I’d like to give you a definition of
passive income.

Passive income is an income received on a regular basis with little to no effort
required to maintain it.

Ok, so now that we’re all on the same page and we all know what passive income is
now it’s time to talk about how to make passive income.

I’m going to share 3 easy steps that you can use that will demonstrate to you how
to make passive income.

How To Make Passive Income – Tip #1

Get Educated! No, I’m not talking about going back to high school or anything
like that (oh and kudos to you if you’re reading this and you’re currently in
high school!)

I want you to get educated on the different passive income streams that are
out there.

I mean seriously, how can you learn how to make passive income when you have
no idea what qualifies technically as passive income, right?

In all seriousness tho, I bet you already have a passive income stream right now.

Do you have a savings account? Certificate of Deposit? If you do, then congrats
you are well on your way, because you already have your 1st passive income stream.

By the way, I know that when you inquire about how to make passive income that
you’re not referring to making 2 or 5 cents a month on your money in a savings
account! No worries.

But seriously, educate yourself on different passive income streams first. Check
out this post of mine that goes over different passive income streams and that
will help you with the education process and then ultimately with how to make
passive income.

How To Make Passive Income – Tip #2

Pick one! After you have educated yourself on different
passive income streams, you’re going to have to pick one that resonates with
you the most.

There are so many different passive income streams out there that it could
be hard for you to decide really how to make passive income and which one
to pick to get that goal accomplished.

But you’re going to really have to pick one for now (and yes, I said for
now because ultimately you’re going to want multiple streams of passive
income.)

So, pick a passive income stream now that you feel you understand the
best, you feel that you could easily comprehend it and you feel that you
could really make a decent passive income stream with it.

(You can make a list of favorite to least favorite if you’d like. Save it because
you will be picking another passive income stream later!)

How To Make Passive Income – Tip #3

Do it! Yes, I just said to do it. Listen, you now know
how to make passive income, right? No excuses there.

You’ve educated yourself on different passive income streams. No excuses
there.

You’ve picked one that resonated with you the most. No excuses there.

So, now the only thing left for you to do is pull the trigger and take the action
steps needed to PUT YOUR NEW PASSIVE INCOME STREAM INTO MOTION!

Listen, just thinking about how to make passive income isn’t going to make you
passive income.

But taking action to add passive income into your life now that will really get
some passive income into your bank account.

Now, that you know how to make passive income, what passive income streams
are you thinking of starting with? (And no, I’m not talking about a savings account,
but hey, if you don’t currently have one and that’s how you want to ease yourself
into passive income, then go for it!)

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Direct Marketing To Apartment Owners

Direct Marketing To Apartment Owners

I know a lot of folks are interested in apartment buildings as a passive income stream.

Once that’s their interest now they have questions about sending direct marketing to
apartment owners
.

I’ve sent all kinds of direct marketing to apartment owners. I’m going to share with
you a couple of direct marketing ideas here and you may use them yourself or
perhaps you have your own direct marketing idea for apartment owners that
you’d like to share in the comment section.

Idea #1 for Direct Marketing to Apartment Owners

Send a letter directly to them. Include a bold headline. Quick
text about how you’d like to buy their apartment building.
Sign it with your name, I wouldn’t really use a company name.
And don’t forget to add a P.S. (that’s the most read part of
a letter, you know.)

Place this letter in an envelope and handwrite the address and
your return address on it and use a stamp, not a bulk mailing
permit. (And yes, you can pay someone else to do this for you.)

When you handwrite the information and put a real stamp
on the envelope, this will increase the chances of your envelope
actually being opened!.

I’ve also placed an extra piece of paper in the envelope with
the letter that is a form that they can fill out and fax back to
me (just in case they don’t want to talk on the phone right away.)

In general though: DON’T FORGET YOUR CONTACT INFO!

Idea #2 for Direct Marketing to Apartment Owners

Send them a postcard. Believe it or not, it doesn’t have to be
a fancy postcard. You can just get right to the point in your
postcard.

I want to buy your apartment building! That pretty much
will do the trick. The cool thing about postcards is that
they don’t have to actually open an envelope to read it!

Test out using a fancy postcard that is very professional vs.
a non-so fancy postcard that is more personal.

In general though: DON’T FORGET YOUR CONTACT INFO!

Idea #3 for Direct Marketing to Apartment Owners

Get creative! Don’t just send a normal letter in an envelope. And
don’t just send a normal postcard. Do something crazy, something
outrageous! Something that is guaranteed to get your attention.

Keep in mind this method will cost you a little more money but in the
long run; you will get more attention.

You could send a Gigantic While You Were Out message or you could
send them a pile of fake money (you determine the nomination and
message on the bills.)

These ideas will get you noticed because I promise you; no one else
in your area is using them. (They are sending letters and postcards!)

Head over to my buddy Jeff’s site to check out these attention
getting ideas for direct marketing to apartment owners and you’ll see some other cool ideas that Jeff has.

In general though: DON’T FORGET YOUR CONTACT INFO!

These are a couple of ideas to get you going with your direct marketing
to apartment owners. What direct marketing ideas have been successful
for you when marketing to apartment owners directly?

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How To Find Apartment Building Owners List

How To Find Apartment Building Owners List

Since moving from single family to apartment buildings I always find it interesting to figure
out how to find apartment building owners list.

I mean as a single family real estate investor you can get all kinds of lists, right? Expired
listings, foreclosures, pre-foreclosures, divorce, probates, etc.

But what exactly do you look for to find apartment building owners lists? So, I’m going to
list a few that I’ve been trying out so far. You can share any ways that you may know to find
apartment building owners lists too, ok?

1) Expired listings
If you have access to the MLS, that’s the first place I would start. There should be a multi-family
section and you can check all of the expired and withdrawn listings. If you are not a real estate
agent then borrow a real estate agent so that you can borrow their MLS access. (Please don’t expect
to go up to a complete stranger who is a real estate agent and ask them if you can use their MLS
so that you can find apartment building owners! You have to build a relationship first!)

2) Drive-bys
This is how I found the first apartment owner that I ever made a MLO LOI to. (Master Lease Option and Letter Of Intent.) What I did was I drove around my area
and looked for apartment buildings. I would jot down the address and I would pay special attention to
ones that had “for rent” signs up or that appeared to need a little “love.”

When you get home cross reference the address on your public records or MLS and get the owners
name and address. Then mail them or call them. That’s a really cheap and easy way to find apartment
building owners. Of course, it takes some time.

Plus, it is still worthwhile and preferred that you find apartment building owners that may be motivated.
And if they have a “for rent” sign out they would probably be more motivated then if they did not have
a “for rent” sign out. Same concept if their apartment building appears to need some “love.”

3. Buy A List
A quick and notso free way to find apartment building owners is to buy a list of them from
a list company. There are companies like ListSource.com, REISource.come and others.

They will cost you a few bucks but you don’t have to leave the comfort of your house
to find apartment building owners and you don’t have to do a lot of investigating. Just
plug in the details of the types of apartment buildings you are looking for and voila!

4. Other Ways To Find Apartment Building Owners
Ok, so have you checked out my other post on this blog about finding
apartment building owners
that are MOTIVATED?

Check it out. But don’t just read the article. Read the comments. Some of the GoinFlippinCrazy.com blog reads
had left some pretty awesome ideas in the comments section.

Now, you have quite a few ways, a lot of which are no cost to you, to find apartment building owners.

Do you have any certain way that you use to find apartment building owners? I (we all) would love to hear about it…….

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Grow Your Business By Building Relationships

Grow Your Business By Building Relationships

This evening I had something occur and because of that I just knew I wanted to reach out to folks and let them know that you can grow your business by building relationships.

As you know I’m in the real estate business and the ATM business. But in this post when I talk about how to grow your business, the reality is that you can be in any business. I’m not just talking about a real estate business or an ATM business.

This evening Kathy and I were filling our gentlemen’s club ATM. The owner came out to chat with us as he usually does when he is there. He’s a super nice guy, very personable and funny. We talk about anything you can think of: religion, politics, business, money, life, kids, relationships, etc.

I almost forgot. Not only do you try to grow your business, but I’m always trying to grow my businesses. With that in mind, I am trying to get my ATM in another gentlemen’s club that I heard about. But the manager shot me down.

Ok, back to this evening. While talking to the owner of the gentlemen’s club that we have our ATM in, I asked him if he knew the owner of the ATM club where the manager shot me down. He said no. I told him that I was trying to get our ATM in there but the manager just wouldn’t give me the time of day and just wouldn’t let me talk to the owner.

Do you know what he said to me? He said, “I don’t know who owns it, but I will call them for you and talk to him. I will just tell them I own a club here and I want to speak to the owner. When I get to the owner I will tell them about you guys and how good you are to me and my business. I’m just going to tell him how awesome you are.”

I was like, “really?” lol (I’m such a dork sometimes.) And he said “Absolutely.” He went on to say “you guys are so good to me. You always make sure this machine is working, you hardwired the machine into the club (so it doesn’t get interference anymore) and this machine is never empty. You always make sure there is money in here whenever I need it, especially when we have big events going on. I like you guys a lot and think you are awesome.”

I can’t even tell you how good that made me feel. I gave him a hug and said thank you.

I really can’t stress enough how important it is start building and maintaing relationships in order to grow your business. From the beginning, we’ve been very personable, very easy to get along with, easy to work with, took care of anything that came up with the machine even if it wasn’t something major.

We treated him always with the same respect that we would want to be treated with. And it’s paying off.

Do you think his other vendors come in and ask him how his wife is doing? Or ask him how his new beagle puppy is that he just got?

To grow your business you have to be willing to grow and build your relationships with the people that you do business with. Whether you build widgets, invest in real estate or have an online business you have to build a relationship with your base.

It would be impossible to grow your business in any arena if you weren’t always building relationships with the folks you want to do business with.

How Do You Build Relationships In Order To Grow Your Business

Be personable. Be trustworthy. Have integrity. Always do what you say you’re going to do. And treat other people as you would want to be treated, no matter if they run a strip club, a church, a half-way house or a liquor store. Treat people properly and it will pay you 1,000 times over when you are trying to grow your business.

Can you think of any specific instances where building relationships helped you to grow your business?

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