Welcome to "Building Passive Income Through Real Estate". This week I want to start by thanking those of you who have spent the time to review the presentation for our upcoming Masters Symposium in Las Vegas with Dr. Dolf de Roos and Ron LeGrand. I apologize for not getting back with those that requested more information the last couple weeks, I have suffered from a bad cold and have not been returning to many inquiries lately. I am finally recovering and will be returning calls again beginning next week after Turkey Day. Secondly, anyone that has been reviewing the foreclosure sites lately, may have noticed an addition to the US Customs site. They currently have a beautiful house in Gilbert, Arizona that is going up for auction in December. The deposit required is $10,000 with financing to be completed within thirty days of auction. There is going to be 3 Open House days. I will be in Phoenix for Thanksgiving, so I am planning to drive by while I am there. You check out the house at the following address.

http://www.treas.gov/auctions/customs/phoenix.html

For this weeks issue, I would like to talk about building your network. You would be surprised by what you can find just by connecting with the right people.

Anyone interested in reading more about market conditions across the country should check out the following website. Realtors from across the country give their view of the market conditions in there areas on a weekly basis. You can check out their views at Realty Times.

Contents:
1. Why build a network?
2. Who should I add to my network?

Why build a network?
by Kevin Davis

One of the main reasons I can think of is, there is only one of me. How can we expect to always be at the right place at the right time in order to find the deals that we want? Many people when they start out are afraid to share and network with other investors because they are afraid they are going to "steal" their deal. If they do, then those are not the type of investor you wnat to include in your network. The other mentality is there are only so many deals to go around. This is what we refer to as the scarsity mentality. This is simply not true. Good deals surround you. The best part about it is too many people possess self limiting beliefs that keep them from pursuing these opportunities. Instead assuming you could never make the deal happen, change over and ask yourself "How can I make this happen?". It can be a stretch sometime, I can feel your pain. A friend of mine, Rick Dearr, is a good example of "How can I make this happen?". People, myself included are always saying "How do you find all the good deals?". He looks at them from a different perspective and finds a way to make them work. Hopefully Rick don't mind me mentioning him. He is the one still working on the 4 condos in Vegas. Pesistance is another ket to his success. Look for an article by Rick detailing his setbacks and solutions with the 4 condo deal and an upcoming ebook this next year. I am trying to get Rick to share some of his unique perspective with us and possibly offer a buying tour in the Las Vegas marekt in the next six months.

Back to the network. Who do you have contact with on a daily or weekly basis that may have first hand knowledge of an upcoming opportunity? Ponder that quesion for a moment and I'll get into who I think should be in my network in the second article.

The law of abundance also follows the principle of giving. If for some reason, you have an opportunity that you are not able to take advantage of, do not feel remorse when giving it away. It is all part of the flow of abundance. In order to receive, you must be willing to give. Hopefully, some of you might be out there saying "Whoa, Dude, I never thought of it that way". Or maybe you are all enlightened investors and already understand these concepts. Either way, understand and accept you are only a small part of a connected universe of investors. Many of us believe our networth is directly proportional and determined by our network. That is the thought I will leave you with tonight.

Who should I add to my network?
by Kevin Davis

Here are some of the professions that I target as members of my network because of their connections and inside information that can provide me with both opportunities to pick up real estate, as well as connections to find tenants for my rental properties without spending a lot of time and effort. Besides OPM, Other People Money, you also want; OPT - Other Peoples Time, and OPK - Other People Knowledge.

That's right, anybody. Basically anyone, could have the next deal your looking for. Will you be willing to listen to them if they could make you $10,000? Listening to Jim Rohn today, I was reminded that TIPS are "To Insure Prompt Service". You will be amazed what service is provided when it is paid for up front. Until next week, Good Luck.

For a recorded conference call with Ron LeGrand or Dolf DeRoos, send me an email at

mailto:webmaster@firehorseinvestments.com

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