Author Description

You can learn a lot from FRED = failed real estate deals You can find that almost every time, when you look hard enough, a deal gone bad could be made into something good. The only exceptions are the ones you chose not to save. Sometimes it is best to just stop the bleeding and walk away. That’s why education is so important. You will still make mistakes and have failures; they will just be more educated ones. There are always going to be some unforeseen things that we encounter. It’s still important to learn the lesson. I’m going to show you some of the failures that have come my way and how I solved the ones I chose to solve. This is not from talents but simply from techniques that you can learn too. You’ve heard the saying that when life gives you lemons, simply make lemonade? Well, sometimes you’re not lucky enough to even get lemons. Sometimes life gives you onions. So, what are you supposed to do, make onionade? You may like the thought of that, but I don’t. So, what do you do with this onionade? Well maybe you just spice it up and make it into some sort of gravy to enhance your potatoes. Sometimes when making a recipe, you may not have what you need or want. And you cannot or will not go to the store for missing ingredient. So, you must make do with what you have. Real estate investing is the same way. It may not always be the situation that you want. You may need to make do with what you have. You may need to sweeten the onionade to make it taste good. And believe me, the more onionade you make, the better it gets.