12/20/09: Using Creativity to Get Deals Done with Wayne Palmer
If you are one of the many investors who jumped on the real estate bandwagon at the peak, then you might be feeling a little beat up entering 2010. But as famous broadcaster Paul Harvey said, “In times like these, it helps to recall that there have always been times like these.” In other words, you’re not alone. Even better, there are people who have not just survived similar difficulties, but have come out huge winners! Wouldn’t it be great to have one of these successful veterans of past real estate wars take time to explain to you how they did it – and how you can do it, too?
What a great idea! That’s why we invited one of biggest brains we know back to The Real Estate Guys Radio Show for a special session on creativity. This is one show you don’t want to miss!
The braintrust behind the microphones for today’s show are:
- Your right-brained host, Robert Helms
- The recovering left-brained co-host, Russell Gray
- The always-in-his-right-mind (when we remembers where he left it), The Godfather of Real Estate, Bob Helms
- Creative genius, the man Robert Kiyosaki calls the “Wayniac” – Wayne Palmer
We kick off the show dissecting the “I can’t” mindset that is all too common when times are tough. How do you see past the doom and gloom and unleash your inner creative genius?
Wayne Palmer joins in the conversation and shares his personal rags to riches story – and how creativity saved his financial life. After hearing his story, you’ll understand why phrases like “necessity is the mother of invention” and “when the student is ready, the teacher appears” got to be cliches. They’re true!
Wayne explains why No Money doesn’t mean No Deal; and how to use underutilized assets as down payments. There’s a lot more to doing a deal than cash and a loan!
The gang also talks about the crucial difference between Dollars and Benefits when it comes to real estate deal making. This is where creativity really shines!
Wayne goes on to highlight the concept of “creating” your way out of debt as a far more effective and preferable alternative to “earning” your way out. One can wipe out debt and create wealth very quickly. The other is painfully slow.
The show wraps up with a discussion of the amazing power of real estate “paper” both as a tool and as an investment vehicle.
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