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Advanced Reading For Entrepreneurs

  • Fooled By Randomness by Nassim Nicholas Taleb

     My personal favorite - a vital book to bring humility into the entrepreneurs efforts. The author helps establish the things that our personal efforts can achieve and the things that are outside of our control.

  • Frank McKinney's Maverick Approach to Real Estate Success by Frank E. McKinney

     

    Finished this book today - fascinating story of a man who built his success in real estate to the point that Donald Trump asks him questions.

    Take away points: 

    - Master the sales process, market your own investment properties, don't let your broker control the process.

    - Use high tech marketing to sell homes.

    - Focus on high quality materials

    - Estimated renovation time 1.5-2 months per thousand square foot remodeled

    - Ideal Acquisition cost should equal: [Future selling price at 10-15% above current market - renovation costs] x 50%-60%

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