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(Note: Want the best system for fixing and flipping houses in the world? This brand new report exposes our step-by-step formula for wholesaling houses site-unseen in ANY area of the country … all from the comfort of your cell phone! Learn more.)
Expert, Chris Chico, doesn’t understand why other investors get stuck with analysis paralysis. When it comes to making money in the real estate industry, he’s all about taking risks – as long as you use the right protection. And today, Chris is going to tell us his 3 favorite methods of protection when he’s playin’ the field.
But first…why are we buying what he’s pitchin’?
Chris Chico is a successful real estate investor from Florida who specializes in wholesaling – both locally and long distance markets. Over the last two years, Cris has successfully flipped 116 properties and generated over $1,452,108 in profits. Rarely does he ever personally inspect any of the properties that he flips or meet with any buyers/sellers. In fact, most of the markets in which Cris operates are located thousands of miles away.
Cris Chico is indeed one of the pioneers of Virtual Wholesaling, and he is consistently closing deals each and every month all across the United States.
Me: So, Chis, what is your secret to protecting yourself when taking risks? How do you avoid analysis paralysis?
Chris: I like to explain this to my team using a little Babe Ruth analogy…
I tell them how Babe Ruth once earned the title,” The King of Homeruns”… But, what most people don’t realize is that he also has the record for the most strikeouts. You see, to have the record for the most homeruns, he had to swing the bat more so than anybody else.
I look at making deals the same way. I want more than just a couple deals at a time under contract. To me, if I only have like 3 deals contracted, then we are striking out – we are missing opportunities and we’ll never know how many homeruns we could’ve made. Instead of just having those 3 solid deals, I’d rather have 5 deals under contract (even though I may have to back out of 3 and end-up with 2 that actually closed).
If I am batting 100%, I am not being aggressive and taking enough chances as I should be. The way I do my deals, I am never having to put money up so I won’t lose it. Why shouldn’t I take the risks and lose some?
I have an agreement with the seller that the deposit is not due until after the inspection period, and it is not me who is going to put up that deposit – it’s the buyer.
My inspection period is 10 days, which is equal to 15 days when you put it in business days. If you had something under contract for 30 days, that would be 45 days in business days. To the seller it seems like a quick close, but you are allowing yourself plenty of time to do the deal.
So to avoid paralysis analysis, I protect yourself by:
Juggle more deals and look at them all as opportunities.
Take Risks and don’t think “too much” about deals and get stuck in analysis paralysis.
Is there a topic you'd like to learn more about? Request a Lesson
is a successful real estate investor in Florida who specializes in wholesaling in local and long distance markets. Over the last two years he successfully flipped 116 properties and generated over $1,452,108 in profits. He rarely personally inspects any of the properties that he flips or meets with any buyers or sellers. In fact, most of the markets that he operates are thousands of miles away.
Module: Investing Strategies
Expert: Cris Chico
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Real Estate Mogul LLC
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Real Estate Mogul LLC
5023 W. 120th Ave, #102
Broomfield, CO 80020
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Real Estate Mogul LLC
5023 W. 120th Ave, #102
Broomfield, CO 80020
FROM PRESTON ELY - MY PERSONAL DISCLAIMER TO YOU
Hi - we do everything in our power to run a good, clean business and help people succeed.
We've been in business for nearly a decade. Our mission is simple: help 1,000,000 people live lives of greater freedom. That's what gives us juice and passion.
Unfortunately, there are people and companies who do bad things and make products that don't work at all or don't work as advertised. That behavior hurts everyone.
The bottom line is there is no such thing as magic. There is no magic unicorn that will appear on your doorstep and start pooping gold bars or giving you free money.
Just because people in this program have made lots of money doesn't mean or imply the same will happen to you. In business, and in life, there are no guarantees.
Any one of the people who we happen to feature in this program have a BIG WHY - they want to make a difference and help themselves, their families, their employees and customers succeed. They want more and they apply themselves, they get outside of their comfort zones, acquire new skills, work like crazy, make mistakes, and fail, BUT THEY DON'T GIVE UP.
They implement. They don't quit. They serve. They didn't blame someone or something else for their mistakes or failures - instead, they do the HARD WORK that it takes to make a difference.
They use our tools, systems, psychology, mindset, training, community and events to succeed.
If you're the type of person that isn't willing to roll up your sleeves, learn, explore, grow and focus on helping other people succeed, our programs aren't for you.
If you're a blamer, whiner, malcontent, or just downright lazy, our programs aren't for you.
But if the content is this program and our videos resonate with you - and you can see the possibility and potential that this can work for you, then WELCOME HOME. You're in the presence of REAL PEOPLE who are helping REAL BUSINESSES succeed, thrive and survive.
It would be both mine and my team's pleasure and honor to serve and support you so you can EARN MORE, LIVE MORE and GIVE MORE.
Preston Ely, CEO
FULL EARNINGS DISCLOSURE:
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