Monday fun day! Since we're all about lists, name your top five favorite UofL Cardinals you have been alive to see
Rules: Cannot be a current player, must have played 2+ years at UofL
5. Francisco Garcia
4. Angel McCoughtry
3. Peyton Siva
2. Claire Chaussee
1. Teddy Bridgewater
I was born in 1999. My mom was born in 1977. We are 22 years apart - she had me while still in college.
Her story is one of David & Goliath magnitude.
At the turn of the century, she got her real estate license and joined a local team of a national brokerage. The managing broker was in his 60s and held old-fashioned sentiments regarding women in business.
Nevertheless, fresh out of college with a one-year old in a baby carrier, she, a single-mom, leaped head first into residential real estate with the odds completely stacked against her. She spent her first 2 years doing any and all deals that came her way. The broker had a tendency of handing her small deals he didn’t want to deal with, but she was hungry and got them done.
Her first big break came when she met a large residential developer. Initially, he didn’t see the need to engage with an inexperienced 24 year old female agent, but she didn’t take no for an answer. For the next couple of months, she persisted in reaching out to the developer. Eventually, he said “If you are this persistent with me, I think you have a good shot at selling off the houses in the subdivisions I am developing.” Ecstatic, she got the listing docs together immediately and ran straight back for the developer’s signature. Now, she just needed her broker to sign-off.
Here’s where things get interesting. The broker, impressed by the listing, which included over 30 higher-end homes, tells her “This is no job for a young woman like yourself.”
Pissed off, my mom grabbed the listing docs, left the team, discovered she qualified for getting her own brokers license, and started her own brokerage. Within 3 months, she sold 30 of the developer’s homes and became his go to broker. From 2002 - 2007, she sold all of his new construction homes.
Unfortunately, the developer suddenly died of cancer shortly before the 2008 housing crash. Then the crash happened. With her largest client now deceased and the country falling into a recession, the real estate industry froze. For many brokers and agents, transaction volume was down and business was only getting harder. As for my mom, she experienced the opposite.
From 2008-2011, she did the more transactions and made more money than she ever had in her career.
How? Through short sales.
Understanding the consequences that come with a foreclosure for homeowners, she realized she could help those in pre-foreclosure (lis pendens), which is a not a fun situation, avoid an even worse situation. Many owners were quick to say yes. To make it even better, she went to local banks and let them know what she was doing. The banks handed her buckets of listings. Sometimes, she’d get 20-30 new listings in one day.
Throughout this whole time, when I wasn’t in school, I was right by her side at listing appointments, showings, and her never-ending stream of phone calls. I basically grew up listening to deals being made.
As of today, my mom is an established residential developer with two luxury neighborhoods under her belt and more in the works. She just turned 46.
I never thought I would also get into the business of real estate. But what can I say, this shit is just in my blood. My mom and I are very similar people. She has already made a name for herself in the residential world. I am here to make a name for myself in the commercial world.
#CRE #retwit
Top resources for agent’s looking to learn more about Commercial Real Estate:
Investopedia: Finance & Investment Education
Great for learning about finance and investments in general. As real estate agents we come across a lot of jargon, deal terms, and concepts we might not be familiar with. Investopedia does a wonderful job of explaining things simply, quickly, and credibly.
https://t.co/BntUwkl7IK
Business First’s Biz Journals: Local Business & Real Estate News
Business First’s Biz Journals is wonderful resource for finding leads, stats, and news regarding local real estate markets. If you want to be on top of things going on in your local market, a subscription to Business First’s Biz Journals is well worth it. You can find your local Biz Journal via the link below.
https://t.co/GKaUIRCTgm
All About Agents: Quick, Digestible Blog Full of Great Advice
This is a new blog website that features quick, digestible articles with actionable insights for a variety of agent experience levels. No ads, no sponsorships, no subscriptions - just good information to help accelerate your career. Interestingly, they offer a free call with an experienced agent to help you find your next steps or creative solutions.
https://t.co/T1gVD8ClFg
BiggerPockets: A Community of Real Estate Pros & Arsenal of Tools
Overall, BiggerPockets is a valuable resource for real estate agents of all levels. Whether you are just starting out or you are a seasoned pro, BiggerPockets can help you learn, network, and grow your business. They offer a variety of tools, resources, and an extremely active community with their monthly subscription - definitely worth checking out.
https://t.co/gOtik2Lwnv
Reonomy: Best Property Data Tool
This is a spectacular resource for finding property data on just about anything. It is fairly costly, but provides extremely valuable info all in one place. For almost any property, you can find the property owner and contact info, debts, recent sales, comps, the list goes on. The best part, it will show you the property owners entire portfolio and value - great for those trying to target big hitters.
https://t.co/KUOHFxhxk5
Social media platforms hate links, but I want my fellow agents to have easy access to these great resources. Please like and share to those looking to learn more about Real Estate.
Feel free to comment your favorite resources below!!
10 people that permanently changed the way I think about money:
1: Pete Adeney - @mrmoneymustache
Key Lesson: Financial independence is achievable if you hyper-focus on your savings rate.
Great mothers raise great men. Great men build great locker rooms. That’s something we get to experience playing at Centre College. So mothers, we thank you. From our family to yours… Happy Mother’s Day!
#PEV
Today is the Birthday of a friend of @CentreC and many others across America & the world. Pappy Van Winkle, Centre class of 1892. The finest bourbon in the world.
Some said he'd never lead the Lakers to the Finals.
Some said he was overhyped.
But he never stopped.
He never quit.
Now, Alex Caruso is headed to the NBA Finals.