Do It Right, Sleep At Night
There is a phrase that I refer to whenever I am dealing with someone, especially someone that I have never done business with before. That phrase is “trust but verify”. It is a good thing to remember. I heard these words from my good friend, Jay Parker, a long time ago and have never forgotten them. The business of real estate investing requires that we work with a lot of different people and professions. We work with newbie’s, as well as, seasoned professionals. We work with realtors, builders, attorneys, appraisers, lenders, banks and also other investors. All of these professions are highly regulated, however it does not mean that you should always go along with what you are told. There is a phrase that I refer to whenever I am dealing with someone, especially someone that I have never done business with before. That phrase is “trust but verify”. It is a good thing to remember.
If you have a question or concern about a transaction or property you should ask several people that are unrelated to the transaction and also do your own homework. There are so many places to find information these days, especially on the internet that there is no excuse for lack of knowledge in a particular transaction.
It is unfortunate but some people will try to take advantage of a newbie. Please be aware that the purpose of your Real Estate Investors Association is to educate you so you can find the resources needed to make your own informed decisions and do your own due diligence.
Most Real Estate Investor Associations have a code of ethics and they make sure that everyone who is a member adheres to the code. If you do good business word will get around but I also promise you that if you don’t do clean business word will also get around much faster.
Just remember, “Do it right, sleep at night”.
Thanks,
Larry Goins
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