Washington Real Estate Investors Association – May Meeting Tonight

Remember When…

Do you remember your first real estate transaction? How much did you make on your first deal? Almost everyone I talk with that has been in this business for any length of time knows their profit (or loss), to the penny.

Perhaps you “wholesaled” your property and made 3,5 or 10 grand. Or maybe you did a renovation yourself and made 10 or 20k. Or, did you go the buy and hold route and you still own your first investment property?

Did you jump right into small commercial property? If you are into commercial property, there is a great article this morning in the Wall Street Journal. What I found most interesting was the graph inside the article showing the number of the transactions through the last few years. You can see for yourself that 2009 was a really, really, challenging year to be involved in commercial real estate.

You can find the article at http://online.wsj.com/article/SB10001424052970204652904577196822083979222.html

Whether your prefer residential or commercial, tonight at WREIA we are going to be intensely focused on properties in the DC metro area. If you have been struggling to get started and do your first deal in Washington, you will find tonight helpful. On the other hand, if you “sense” that you should be growing your business during this correction, we are going to shed some light on what might be the root cause of your problems.

Oh, and I hope you are not disappointed. There is nothing to buy tonight. We are simply going to show you some trends that are happening on the front lines of this business. Then we will share some insight on where other businesses are focused going forward into 2013.

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Meet Us Tonight At The May WREIA Meeting
Getting Started or Restarted In 2012
5 Major Challenges Influencing Today’s Market That Didn’t Exist in 2005

Doors will open at 6:30 for refreshments and networking.
Small group discussions will begin at 6:45.
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Times have changed – pretty dramatically – since 2005. There are many new challenges that you face in 2012.

The commercial property article mentioned above is about flexibility. I hope you aren’t stuck running your business like you did in 2005. Today is intensely competitive and more about moving quickly and making good quick decisions – then implementing your plan.

Plan to join us in Bethesda tonight. We are working hard to give you the skills, tools, and access to the people you need to avoid mistakes and be successful.

How can I help you?

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

P.S. I posted more details about tonight on our Profitable Property Channel at http://www.youtube.com/ProfitableProperty

P.P.S Yes, we are still lending on great deals. If you need a finance partner in the Washington DC area, we have capital available. You can request a funding letter or share details on your property at http://dchardmoneylender.com/quick-property-submit/

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Register now for tonight’s WREIA meeting online, save $5, and skip the registration line!

You will also find the registration link at http://wreia-may2012-wreia.eventbrite.com

Real Estate Investor “Bonking”

Some people know it as “hitting a wall.”  Marathoners know it by another name: “bonking”.

Bonking.  I had never heard of it before. It’s more than just a cramp in your calf, or getting tired half-way through the race.

It’s when your body completely shuts down on multiple levels.  Your legs just don’t want to move and you begin to mentally shut down. You may experience fatigue at such a deep level you start to hallucinate.

Runners can train and practice for months, or even years and still “hit the wall” during a marathon.  Endurance runners understand that the race is more than just “running”.  Your body needs the right type of fuel before the event, and your mind has to be prepared as well.  If both the body and the mind are not in a good place, half-way through the race your body may start bonking, and those little green men in your hallucinations may really frighten you.

Strangely, I see the same thing happen to people in business.  Many people work for 5, 10 or even 20 years, and then they start to fatigue.  Business gets hard.  Times change.  They start to hallucinate and see “little green men” that will ruin their careers.

Sadly – some people give up at this point in their career.

Others keep going.

In 1995 a top athlete named Paula Newby Frazier was running the Iron Man Triathlon in Hawaii and collapsed 400 yards from the finish line.  She could actually be heard saying “I’m going to die”. It terrified most of the people around her.  Moments later, the most beautiful moment of the entire day took place when she got back up and continued.

Paula finished the race.

This “bonking” happened to a world class athlete.  You may not realize that Paula, who fell down 400 yards shy of the finish line, also won 21 of 26 Iron Man Triathlons that she entered.  But on that day in 1995, she was a winner simply because she finished the race.

If you have faced some struggles over the last few years, or even been knocked down in your career or business – you will want to be with us on Monday.

This month at our WREIA meeting, (which is May 21st) we are going to talk about getting started and restarted in 2012.

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Mark Your Calendar for May 21st – The May WREIA Meeting
Getting Started or Restarted In 2012
5 Major Challenges Influencing Today’s Market That Didn’t Exist in 2005

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Times have changed – pretty dramatically –  since 2005.  There are many new challenges that you face in this business, or any business.  If you choose to quit when you hit small bumps in the road, you simply will not make it to your finish line. Paula Newby Frazier didn’t quit in 1995.  She was 400 yards from the finish line. She simply had to finish.

No matter where you are in your career Monday night we will shed some light on major challenges influencing today’s market.  If you have yet to do your first deal you will want to join us.  More importantly, if you are making 300k or more in this business –  you will definitely want to join us.

Get ready for Monday night.  We are working hard to give you the skills, tools, and access to the people you need to avoid mistakes and be successful.

If I can help you, let me know.

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

P.S. In this video I posted a few more details about Monday night.

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Register early for the May 21st WREIA meeting here, and skip the registration line!

You will also find the registration link at  http://wreia-may2012-wreia.eventbrite.com