Howdy, Moguls. Today we have an extra special treat for you guys. We’re really excited to welcome a brand spankin’ new expert, David Corbaley. David is coming in with a bang by challenging us to ask ourselves:
Do you run a legitimate real estate investing business or is it just a hobby?
(Oh, snap. No he didn’t!) Uh, yes he did…
And some of you are probably thinking… Wait a second, that’s actually something to think about. How do I know? What differentiates an REI hobby from an REI business?
Well in this lesson series, David is going to tell us exactly what criteria are needed to answer this question. But first, let’s give a warm welcome to our new Faculty Advisor…
Welcome Manly Man, David Corbaley
David spent nearly 10 years in the Army and joined the elite Special Forces, traveling the world and doing amazing things with his comrades. After he left the service in 1996, he worked several odd jobs until he was hired as a Seattle firefighter. Firefighting was an extraordinary experience for David, but there was another path he felt he needed to pursue – a career as an entrepreneur.
David wanted the freedom to be able to express his OWN creativity and get things done the way he wanted them done.
To that end, he now has multiple businesses throughout different fields including real estate, internet marketing and fitness. Sharing the information he’s learned over the years is one of his true passions. It gives him an amazing feeling to help someone overcome the hurdles that he remembers facing. And now, he’s thankfully here to help our Mogul community (yay!).
Watch and Learn
Well, we don’t want to spoil it all, but here’s a sweet sampling of all the good stuff you’ll learn about in this video lesson:
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David’s full backstory in detail;
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How David became a monster entrepreneur (in a good way) and investor;
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The criteria that differentiates an investing hobby from a business;
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And much, much, more.
So are you ready to get this party started? Let’s get to it…
{Mogul Elite: Download a transcript and MP3 of this lesson in the Power Pack tools for this lesson.}
Holla at us
Got any questions for our new advisor, David? He wants to hear from you in the comments section below.
Learn what the difference is between an REI hobby and an REI business.
Categorize your investing as either a hobby or business.
Decide if you are happy with where you stand when it comes to investing.
Devise an action based on the results.
David Corbaley
joined the military right out of high school and became a special forces green beret. After 10 years he exited and joined the Seattle fire department. He started his real estate investing career in 2002 and bought his very first property on a lease option. After learning multiple ways to do a deal, like most investors do, he found a serious issue: He kept going broke. He was doing everything the courses said, direct mail, signs, ads and everything else. Same results: Do a deal, get paid, then find himself with little money all over again. Do another deal, get paid, etc. Over and over. The problem was not having leads to fuel his business. No leads or sporadic leads = no/sporadic business.
Finally, he went back to his Commando roots, and approached it from an unconventional standpoint. Then it happened. After 2 years of R&D and testing, he relaunched in 2006 and ended up doing 7 figures that year. It’s cool to have become a sought after marketing master. Companies now seek him out to consult for their business and marketing strategies. He’s known as “The Marketing Commando”, and for good reason: He’s trained thousands of real estate investors and business owners how to turn on the REAL power of marketing in their business.