Note MBA's video: Real Estate Rehab Lessons Goal Review Book Giveaway - Note MBA

Website! http://notemba.com Subscribe! http://notemba.com/iTunes Instagram! @chasethompson @robertmwoods Today the guys talk about an important real estate rehab lesson, goal review & a book giveaway. Robby & Chase are back and fresh off some recent travels where they were both reminded of goal setting & episode 96 that showcased Earl Nightingale’s “the Strangest Secret.” However on this episode, they wanted to talk about 2 particular items regarding deals. Robert starts out by discussing a situation in Ohio where they have one contractor working on multiple full renovation projects. Robert started the relationship off a referral from someone he has a great relationship and extreme trust with so he gave the contractor a lot of leeway. There were some delays (snow & health issues), but for various reasons, Robert never went up to inspect the properties. Robby laments that he does take full responsibility for the problems and knows that many of the listeners are probably laughing as they know what’s coming… So over the holidays, Robby flew Jeff up to see his family as well as inspect these properties. Before Jeff got there, the contractor asked Robby for the final payment on one of the properties. Well, that final payment on the one property would have represented the final payment on all 3 renovations. It turns out one of the properties hadn’t even been trashed out, another was only half finished and the third, which he just saw the pictures from a realtor who is renting it out, it appeared there were only 1 light bulb in every fixture so the finished quality was just not there as well. Robby has spoken with the contractor since finding this information and he fully believes he wasn’t trying to rip him off, but rather the contractor was just too busy and wasn’t managing his people properly. Which, coincidentally, is the same reason this was allowed to happen – because Robby was too busy with a few of his other projects and wasn’t managing the contractor. It just goes to reinforce why Robert is spending so much time at the end of 2016 and now in the beginning of 2017 working on his systems to ensure he can scale the business while mitigating risks such as these. Robert then discusses another renovation in Atlanta that just went under contract and will be an interesting case study coming up. While they are still going to make money on it, because of not following specific processes and systems, he is not going to make nearly as much as he could have. They finish up by going back to the discussion on goals from the beginning of the show which brings to light some great tidbits of info. Robby also lets viewers know that he’s been reading some great books and is going to start recording brief excerpts from them and releasing them on Fridays. Some of the books are listed below. Chase then lets listeners know that he has a book giveaway. He has acquired an extra copy of the book by Tim Ferriss titled, “Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers.” In order to have a chance to win the copy you must meet these criteria: You must either be a subscriber on iTunes or on YouTube to NoteMBA You must send a screenshot via email of a piece of content you have shared of theirs (preferably the goals episode) Robby then let’s everyone know that they will actually send a copy to everyone who does the above by January 14th, 2017 so be sure to share the NoteMBA content and subscribe to the show! Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at ask@notemba.com. Listen & Watch this Week’s Show to Learn: Learning lessons from multiple struggling renovations Taking responsibility for your failures and turning them into future successes Chase and Robby’s Tools of Titans book giveaway The importance of being respectful & communicating effectively Why you should set goals for growing personally & professionally And much more! Featured on the Show: Goals: How To Get Everything You Want – Faster Than You Ever Thought by Brian Tracy. The Theory of Reasoned Action Mark Gold’s distressed Note Expo in Northeast New Jersey on the last weekend of January. Earl Nightingale – the Strangest Secret Gary Vaynerchuk The Science of Getting Rich by Wallace Wattles Meditations by Marcus Aurelius All I Really Need to Know I learned in Kindergarten by Robert Fulghum Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons and World-Class Performers by Tim Ferriss