Single Page Checklist for Buying Apartments

A checklist for Buying Apartments

My book, Single Page Life Plan explains how you can extend single page planning to all of your important projects and ventures. Single Page Checklists are a ‘catch-all’ for special projects that you can review regularly to stay focused.

Copyright 2013 Ballylongford Books, LLC

For example, the Single Page Checklist for Buying Apartments summarizes on a single page the 4-color, 6 page laminated flyer I created that explains:

What They All Have in Common

Image of the shoes of 3 different people, 1 of which is wearing clown shoes.

What they all have in common. This was what I wanted to know. In my first book, Walking and Talking – 57 Stories of Success and Humor in the Real Estate World of Business, I recounted stories from some of the top real estate professionals in the Midwest. After observing their careers and listening to their stories, I asked myself this: Other than their sheer success, what do all of these winners in real estate have in common? This is what I learned:

Photo courtesy of @iStockphoto.com

4 Characteristics of Top Real Estate Pros …

1. They create structure in an unstructured environment.

Real estate is not your typical 9 to 5 job, where opportunities are clearly identified and day-to-day responsibilities are well-defined. It is up to the real estate professional to identify the problems and opportunities; to set a plan of action that will bring success. They are not told how to allocate their time, or which deals to pursue or ignore.

The successful ones create a great framework for activity.

For Real Change in Your Life, Add Coins

For Real Change in Your Life, Add Coins. Photo of a person holding a tray of coins, from which sprouts a green plant

In my book, Single Page Life Plan, I explains how you can make a big change in your life, just by adding a few Coins to your day.


Photo courtesy of @iStockphoto.com

What are Coins?

Coins are those small things we can do every day to help make another person’s life better. Every day we wake up in the morning with a certain number of Coins in our hand that we can potentially spend.

To spend them wisely, we have to be:

  • Creative
  • Intentional
  • Proactive

Because here’s the thing … the Coins you don’t spend by the end of the day, are gone forever.

Why Investors Buy Apartments in Today’s Artificial Market

Multifamily flyer photo copy

The main reason for owning multifamily property has changed …

Since the tax change of 1986, until recently, the top 4 reasons for buying apartments were:

  • Cash Flow
  • Appreciation
  • Principle Reduction
  • Tax Deferral

These reasons have flipped in order. Now, they are:

  • Appreciation
  • Principle Reduction
  • Tax Deferral
  • Cash Flow (if there is any!)

The new, overiding motivation for owning real estate is Equity Preservation!

Why the change? One reason … Artificiality

Your Single Page Life Plan Should Not Be P.O.S.H.

Image of a white-gloved hand holding a wooden frame with the words Single Page Life Plan

The brilliance of a Single Page Life Plan© lies in its simplicity. It must never be P.O.S.H. – Perfect, Overloaded, Set in stone, or Hidden.

Photo courtesy of @iStockphoto.com

Perfect

Your life plan is not the Magna Carta! It is an important document—but it’s different. Your life plan is a blueprint of how you want to live your life. It forces you to identify your goals and strategies, and it makes it easier for you to gauge results and to stay accountable. However, it is not meant to be all-inclusive or perfect.

Mark Twain once said, “Continuous improvement is better than delayed perfection.” So, don’t get mired down searching for a grand epiphany here. Just get things going in the right direction.

Simple Isn’t Easy … Only Better!

Einstein often commented that unlocking the greatest mysteries of the universe would be useless unless you could make them be understandable to a young student.

math

Photo courtesy of iStockphoto.com

Don’t mistake simple for easy

It takes a lot of effort and creativity to reduce things to their most simple form.

The genius of Albert Einstein was not that he could comprehend so many of the complexities of space, time, gravity, and light. All scientists can do that. His genius was in his ability to simplify those complexities into an understandable theory of relativity.

The Power of a Single Action Step!

If you could add an hour to every week of your life, how would you spend those extra 52 hours that you pick up each year? Exercising? Reading? Enjoying some quiet time?

Man half asleep in be about to hit his ringing alarm clock with a hammer.

Photo Courtesy of iStockphoto.com

How I saved $3,500 from the power of a single action step!

You can add that hour to your week if you choose Stop Hitting the Snooze Button as one of the Action Steps of your Single Page Life Plan©, because most snooze alarms are set for nine minutes. Those 9 minutes, multiplied by 7 days, adds up to over an hour per week! This illustrates the power of a single Action Step.

A 15 minute mystery …

A time-management consultant once told me the story of a doctor who complained to her that he always seemed to be 15 minutes behind schedule all day long. She visited his office  to try to solve his problem. What she discovered was remarkably simple … he regularly began his first appointment of the day, with his very first patient, 15 minutes late! Simple Action Steps can make an enormous impact on your life.

My simple Action Step was made on January 1st, 7 years ago

I’ll leave it to you to determine how important this action step was, but I really believed it change my life for the better. I decided to

The Change of Landscaping in America

The change of landscaping in America. Photograpch of an old baseball bat with electrical tape around the grip, on the grass, next to baseball with home plate in the background

Photo courtesy of @iStockphoto.com

The Change of landscaping to the American front yard

My dad did such a great job on our front yard in the 60s and 70s. He would seed and fertilize it every year. And the grass around the circle of dirt we called a pitcher’s mound was so green! You couldn’t find a single weed on either side of the base paths we created during our baseball games! We can learn a lot just from looking at old photographs of a typical neighborhood from the late 50s to the early 70s. Back then there were ball gloves, kickballs, and frisbees 

My 3 Favorite Speakers of 2014

My 3 Favorite Speakers of 2014. A picture of Major Dan Rooney and Garrett Scanlon after Major Dan's presentation for the BBB of Central Ohio, in Columbus

All I can say about My 3 Favorites Speakers of 2014, who I’ve been able to see in person, is … Wow!  (Founder of Folds of Honor, Top Gun award recipient, & PGA Golfer, Major Dan Rooney)

My 3 Favorite Speakers of 2014:

Major Dan Rooney, Chad Hymas, and Fr. Robert Barron

Here is the criteria for my list:

  • Are they genuine people with an authentic message?
  • Do they leave you uniquely inspired with tangible ideas you can use to improve your life?
  • Are you still reflecting back on their message 3, 6, 12 months later?

It helps too if they are:

  • Entertaining
  • Have a great sense of humor, and
  • Are fascinated by the important things in life

These 3 have it all!

11 Speaking Techniques of the Great Communicator

President Ronald Reagan and General Secretary Mikhail Gorbachev meet for the first time. Here, walking towards each other to shake hands. Reagan would later implore, "Mr. Gorbachev, tear down this wall."
Photograph and Audio Clip Courtesy Ronald Reagan Library

As he approached the microphone at Brandenburg Gate, with a wall of bulletproof glass behind him, I wonder if Ronald Reagan knew that the words he would speak that day would be heard by billions of people spanning across multiple generations, into the future.

 

“Mr. Gorbachev, tear down this wall!” These words might represent the pinnacle of the Great Communicator’s impact through words. Though his advisors continually tried to temper his words, President Reagan had a sense of history, public sentiment, and timing.

Here are 11 techniques Ronald Reagan used that can help you become a great communicator:

Why Buy Apartments in An Artificial Market?

Cover of the book Walking and Talking - 57 Stories of Success and Humor in the Real Estate World of Business. Walking and talking was an early lesson I learned in commercial real estate.

Equity Preservation!

Since the tax change of 1986, until recently, the top 4 reasons for buying apartments were:

  • Cash Flow
  • Appreciation
  • Principle Reduction
  • Tax Deferral

These reasons have flipped in order. Now, they are:

  • Appreciation
  • Principle Reduction
  • Tax Deferral
  • Cash Flow (if there is any!)

Why the Stampede to Preserve Equity? Artificiality.

Everywhere they look, there is … Artificiality