Home : Blogs : David Slavin, ABR, SRES RE/MAX Grand, Katy, TX : Fort Bend County Real Estate Blog

Put Your Money Where You Mouth Is!

With the real estate market so slow in many markets across the country, the time to put your money where your mouth is has arrived. The market is ripe for picking up some houses at deep discounts and lease them. People have to live somewhere so why not in one of your properties. Let the tenant pay the mortgage and you get to make passive income. When the market turns around (it always does) then you'll be positioned to make even more money.

Many sales jobs have people that talk the talk but don't walk the walk. How many stock brokers do you know that invest their own money in everything they advise you to buy? How many real estate agents tell people to buy houses since its a great investment, but don't invest in houses themselves? The time has come for us to step up and make some money for us!

I recommend reading Rich Dad Poor Dad and Cashflow Quadrantby Robert Kiyosaki. When you get done with those two books, you will be fired up and ready to make passive income from your assets. When you make passive income you get to pay yourself first instead of paying the government first.

David N. Slavin, ABR www.SellMyHouseDave.com

Posted by David Slavin, ABR, SRES RE/MAX Grand, Katy, TX on 09/12/2007 10:40 PM

Comments (7)

money, dave, david slavin, real estate, house, agent, sales

7 Comments on Put Your Money Where You Mouth Is!

While a lot of newer agents don't have the funds to buy, I know of just a handful of seasoned agents that actually invest, but you're right. Believe in the product you sell!

09/13/2007 08:39 AM

by Debbie Malone, Realtor (R), Lynchburg, Smith Mountain Lake, VA (RE/MAX 1st Olympic)

I am still offering my Home Trade Program and I am buying homes. I have done 3 transactions recently and plan on doing more to turn some of my existing inventory. The Trade Program is a "Win/Win" for everyone involved.

09/19/2007 09:20 PM

by Sam Miller (RE/MAX Stars Realty)

I really did not know any market in Texas was soft. Our market here in The Texas Hill Country just keeps on going just like the pink bunny. If you want to buy and see one you like don't put if off for a day or two, it will be gone. We fli a lot of houses mostly flipping California Buyers all the way to The Hill Country.

Don

09/26/2007 10:58 PM

by Don Eichler (Ricki Eichler Real Estate LLC)

The market in the Houston area is still good as far as prices go but there are more and more forclosures entering the market.

10/02/2007 11:32 AM

by David Slavin, ABR, SRES RE/MAX Grand, Katy, TX (RE/MAX Grand)

You just became my new bestfriend!!! I think just like you, and those are my favorite books! Thanks!!!

10/21/2007 09:42 PM

by Eric W. Gage, e-Pro (The Metropolitan -- Keller Williams)

I am getting ready to start my home trade in program with the intention of aquiring more rentals and selling some of my listings.

10/22/2007 08:05 PM

by Jeff Payne, Real Estate in Panama City, FL (The Payne Group at Keller Williams Success Realty)

David, How many rentals do you own now? In Grand Rapids, MI I am buying houses near prices people paid for them 10 years ago. Did somebody say 10 year low?

10/22/2007 08:58 PM

by Real Estate in Grand Rapids Ethan Dozeman (Platinum Realty Group)

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?