New Note

Create a note for yourself from this lesson. Notes allow you to quickly jot down any valuable information you'd like to review later. You can find your notes by clicking on "My Notes" in the profile navigation menu.

Business Development

REI Biz or REI Hobby Part 2: What's the Difference?

Fasten your seat belts, because we’re about to jump headlong into another amazing conversation with real estate investor, David Corbaley. We’re talking about the basic structure of your business – are you building a legitimate business? Or is working real estate a hobby for you?

You Must Know…

The important point here is not that one is right and the other wrong. It’s not that at all. The main point we want to emphasize is that you must know what you want. Only then will you be able to do your best in either arena.

In our first awesome session with David, we had a general discussion about the difference between building a business and having a real estate hobby. We discussed how each investor should get honest about answering the question: “Where are you right now?”

And then: “Where do you want to be?” (Make sure you check out that terrific in-depth discussion.)

David Is Laser Specific

After serving in the Army and the elite Special Forces for 10 years, David became a Seattle firefighter. Firefighting was an extraordinary experience for him, but he was really interested in becoming an entrepreneur.

Through hard work and dedication, David now has multiple businesses in different fields including real estate, internet marketing and fitness. He’s now living his dream by having the freedom to be able to express his OWN creativity and get things done the way he wants them done. And thankfully for us, he loves teaching others so they too can overcome the hurdles that he remembers facing.

Because of David’s experiences, he has the ability to really focus in on the topic (or goal) at hand...

So, for his second session, we got more laser specific on the differences between a business and a hobby so that you’re better equipped to answer those questions above and know for sure where you are. Our goal is to open your thinking to the amazing possibilities available to you if you’re interested in building a legitimate business.

Or maybe you already have a business but you have some rough spots that you need to be working on. Hopefully we’ll tune you in to ways in which you can make the operations of your business run smoother.

No matter which it is, you’re bound to get the answers you need – and the direction you need – through this awesome video lesson.

{Mogul Elite: Download a transcript and MP3 of this lesson in the Power Pack tools for this lesson.}


Do It To It! Immediate Action Steps

Structure your marketing system to reflect your business structure – business building or hobby.

Create a solid business plan – follow that plan.

Take stock of your daily tasks – have you turned your business into a J-O-B?

Do a mindset check – are limiting belief systems holding you back?

Chime in…

We value your comments and input. Let us know how this series is helping you. Is it an eye-opener? Leave questions and comments below.

Is there a topic you'd like to learn more about? Request a Lesson


+ Mark as Learned

Valuable Lesson? Share it:


Request a Lesson

At RealEstateMogul.com, mogul_guarantee.pngwe’re committed to delivering the awesomest, most practical, actionable content to our members … and that a big part of that is getting YOU to tell us what you'd like to learn from us. Since our REI resources are basically endless, we’d love to tailor our upcoming training as much as possible to precisely match what you, our members, really need and want out of us.

jpsig.png Request form