You have questions. I have answers. I know a thing or sixty about real estate and today I will tell you 17 of them. More in Show 456.

Mindset Moment:

I was thinking the other day about our perception of life. Dianna and I have a friend who lives in our building (a nice midtown Atlanta high rise), has a great government job with high pay, good job security and great benefits. She might be the unhappiest person we know. There is never enough money. She always expects the worst and usually gets it. In her friendships, her love life, even at her job.

How do self-fulfilling prophecies work?

It's not some mystical energy you put out there in the universe. Confirmation bias causes us to identify life examples or circumstances that support our underlying theory. We all have a big need to be able to tell ourselves, "see? I told me so." This will lead us to focus on the data points that support our prior beliefs. This is true if you believe that bad things are happening around you and to you OR if you believe that life is good and good things are happening.

Your beliefs will color your interpretation of events.

Do negative things happen to people with a negative outlook? Yes! "See? I told you so."

Do positive things happen to people with a negative outlook? Yes! "Yeah, well just wait - it will end badly. Things always do."

Do negative things happen to people with a positive outlook? Yes! "Life has to hand us challenges so we continue to grow and improve. We will get through this."

Do positive things happen to people with a positive outlook? Yes! "See? I told you it would work out!"

Pain is a part of life, but suffering is optional. Your outlook will determine your interpretation of events, and THAT will affect your outcomes.

I want to add that the ability to adopt this positive view of life seems to be connected to hope. And hope is connected to faith. I've noticed in my years on earth that hope and a generally positive outlook is positively correlated with people of faith. I'm not saying that one should choose to believe simply to achieve a better outlook on life. I'm saying that believers in a hopeful afterlife are generally more positive about this one.

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Questions The Top Asked Real Estate Investing Questions

1. Marcus, Frankfort, KY, (and dozens of others) Why should I invest in real estate?
2. Sara, Long Beach, CA, What kind of real estate investments are best?
3. Manza, San Antonio, TX How do I find a profitable investment property?
4. Anthony, Chicago, IL Where will I find the most profitable investment properties?
5. Tracy, Chattanooga, TN How much initial capital do I need?
6. Quentin, Moss Creek, SC How will I finance the property?
7. Andrew, Puget Sound, WA, How long does it normally take to see profit from a flip?
8. Pradesh, Atlanta, GA What contingency plans can I implement if my exit strategy fails on a flip?"
9. Lakeisha, Mobile, AL, "Can I begin investing in real estate with no money?"
10. Shawanda, Conyers, GA, "Is real estate investing easier if I already own property?"
11. Jonathan, Portland, ME "Do I need a real estate agent when buying a property?"
12. Tasha, Pittsburgh, PA "Should I invest in out-of-state properties?"
13. Roselle, Denver, CO and about 200 others, "How can I learn about real estate investing?
14. Alvin, Pasadena, CA "Do I need a real estate mentor?"
15. Anthony, Jacksonville, FL "How will I determine the rent to charge for my property?"
16. Kimberly, Roseberg, OR "How do I find the right tenant for my rental property?"
17. Jameson, Johns Creek, GA"Should I make any improvements to my investment property before renting it out?"
18. Sheila, Orlando, FL "Should I hire professional property management?"
19. Matthew, Forsyth, GA "Do I need a home inspection?"
20. Jimmy, Stockbridge, GA "Do I need a real estate license as an investor?"
21. Candice, Stone Mountain, GA "What does After Repair Value mean?"
22. Freddie, Waukesha, WI, "What marketing campaigns are best for new investors?"
23. Carmine, Columbus, OH "What are the best tax benefits associated with real estate investing?"
24. Addison, Milwaukee, WI "How should my real estate company be structured?"
25. Larry, Harrisburg, PA "How do I choose a name for my real estate company?"
26. Arden, Greenville, SC "How suitable is my market (Greenville) for investing?
27. Sal, Leet Township, PA, "How do I determine the value of an investment property?"
28. Charlene, Port St. Lucie, FL "How much of a down payment and mortgage do I need to get started? How much additional capital will I need in the future?
29. William, Boulder, CO, "What do I need to know about a potential city where I might invest and how do I get this information?
30. Cameron, Provo, UT, "I'm a college student and my studies keep me pretty busy. Is there something I could be doing right now to build my future as a real estate investor? I can devote about 4-6 hours a week to this"

Real Estate Questions Asked by: Homebuyers

1. Should I buy or rent a home?
2. What kind of home can I afford?
3. When should I apply for a mortgage pre-approval?
4. How do I look for a home?
5. What are the local amenities and resources in my area?
6. Is it possible to buy a home and sell my current one simultaneously?
7. Can I still back out of a deal?
8. Do I really need a real estate agent?
9. Can I trust my real estate agent?
10. How much do I pay a real estate agent?
11. I'm thinking about buying my first home. Where do I start?
12. Is there a "best" time of year price-wise to buy a home?
13. Can I buy a home with no down payment?
14. How does mortgage loan insurance work?
15. How much will I need for closing costs?
16. Should I lower the list price, or offer an incentive to sell my home faster?
17. What color of houses sell fastest?
18. What should I look for in a lucrative investment property?
19. Does a higher credit score mean a better mortgage rate?
20. What does the new mortgage stress test mean?

Home Sellers

1. How do I prepare my home before I sell it?
2. When is the best time to sell my home?
3. How long will it take to sell my home?
4. How can I figure out how much a home is worth?
5. Why is my home's assessed value different than the market value?
6. Are real estate prices negotiable?
7. How much of the sale price do I get?
8. Is paying 6% to sell a home required?
9. Do discount agents provide the same service as more expensive agents?
10. What is a home buyer rebate?
11. Should I sell my home before buying a new one?
12. What is the first step for buying a home?
13. Why do I need a mortgage before I buy a house?
14. Can I back out of buying a house?
15. How can a real estate agent help me buy or sell a home?

Motivational Quote: "To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence." –Jim Rohn