The Five Million Dollar Book is a guide to raising capital and putting together real estate joint ventures. This book was a tool used by the author to raise over five million dollars of cash to build his fortune in real estate.
Incredible book! I really liked the author’s mindset and the way he looks on life and business. I got a lot of insights from this book about how to see and invest in real estate and fantastic concepts to use in business. Highly recommended book!!!!
Stefan book is practical and I enjoyed his easy open minded style. He's a winner and I love meeting winners. He's a student who's wise enough to realize he's not the whole ball game and employs leverage with cash time and strategic deal partners.
Things my ear picked up on:
It's better to sell one 1k hot dog then one thousand 1 dollar hot dogs Too often we want to own everything entirely by our self. So many investors and entrepreneurs are happier to own a single grape then half a watermelon. Those who fail to pay for success rarely see it War is business and business is war Joint venture money Time is the only currency in life All wealth originates in the mind All I want is all you are A wide arsenal of credit cards In business or real estate we always run out of money In stocks insider information is illegal in real estate it's essential People with money know people with money Earn cash and brand equity Protect money and it will protect you Focus brings clarity to the mind Pressure makes diamonds but it can also crush people Failure is the essence of life Life becomes very easy when we can find ways to win from failure especially when we can monetize these situations Law of certainty Certain things done in a certain way will achieve certain results certainly The best deals are created not bought Real estate is broken into markets submarkets and specific city blocks Recession what recession where I come from there's always a recession the recession is a middle class problem not one for the rich or the poor I became trapped by my own labor In your business are you focusing on singles or home runs? Why have you chosen this strategy? Can you recover if you strike out? The difference between the rich and the poor is how we invest our time Poor people spend their time to save money rich people spend their money to save time Succeeded mightily
Stephan provides a very interesting perspective on real estate investing. Not only does he talk about the financial side of REI he also addresses the philosophical aspects.
Just perfect. Somehow the book is jam packed with great wisdom.... from such a young man too. He's collected plenty of straight truth n wisdom. This book is inspiring, informative, real and powerful. I unexpectedly loved it.