It’s been almost 3 years since I last did a blog post! I’m not sure why I got away from it….I have transitioned into new construction and vacant land and maybe I’ve been a little guilty of tunnel vision. Its been way fun. I am building in only 2 markets and trying to stay more focused and not get spread out all over the country —> Bloomfield Hills, Michigan and St. George, Utah. I live in St. George and couldn’t be happier. I somehow convinced my “fun” brother (you know, the funnest sibling in your family) to move out here about a year ago. We do a lot of stuff together and our latest adventures include guns and snowboarding. I’m really happy because I am also doing a few remodels in St. George as well and the market is really strong again here.
If you are visiting, feel free to post or ask questions and I will do my best to respond and give back.
This is the “poppy” version of my video which the Skydiving place edited and I had no control over. Its cool but I’m trying to get a better version out there. By the way, Steve Mills, another successful real estate investor and dude sitting next to me, he crapped his pants.
Have you ever gotten caught up in the hype of compiling a complicated business plan with detailed pie charts, excel spreadsheets etc?
I recently had a fellow investor ask me to finance his latest real estate business venture AND as a “selling point”, he told me he had put together a business plan! Excellent I said, send it on over and I will look at it. Let me tell you, it was 45 pages long and I got bored and closed the window on page 2!!
As a small business financier (yes, I do that) , I STRONGLY recommend that real estate investors SIMPLIFY their business plans. Whether you are seeking financing from a private “money guy”, looking to obtain a line of credit or looking to execute your goals, a successful business plan should only be 2-3 pages!!
Like most of my real estate investment operations, business planning for me is kept simple and yet powerfully effective. If any of you of “watched” my previous posts, you know that I love to screw around with Craig in Indy and you may be skeptical if this is how I truly “run” my business, but I’m here to tell you it is!
Welcome world! The BobNorton.com Blog is finally here. Before I share with you what this blog is going to be all about, I need to get something out in the open:
I am a house addict.
Well, maybe I’m not that type of “HOUSE” addict! (My brother loves this show and it would be safe to say that he is a HOUSE addict. I don’t watch the show but I’ve heard that this dude could use some serious therapy).
BUT I am addicted to BUYING and FLIPPING houses. It didn’t dawn on me until about a year ago that I really have a problem with stopping myself from doing residential real estate flips.
What does that mean for this blog?
Well, having completed over 400 real estate deals in the past 5 years to fuel my addiction, I sometimes come across some pretty cool stuff that other investors find very helpful (especially recommendations on how to avoid an expensive mistake) and I am going to share this info through my blog. This includes:
Documentaries of a deal from beginning to end
Interviews with other investors and students
Insights tips and advice on how to make your life easier and more profitable as a real estate investor
How to cope with possible real estate buying adddiction
Opinions on the current real estate investing news
Current strategies on how to make money with real estate in today’s market, not last year’s or last month’s