​Building Your Real Estate Empire with 50 Dollars

There’s much hubbub about real estate investing these days. It’s probably one of the most hyped markets in the world, next to becoming a famous celebrity. But if the 2008 real estate crisis taught us anything, it was caution. Like Rome, your real estate empire can’t be built in a day. Let me repeat—your real estate empire cannot be built in a single day or week or year.But,it can be built. You just have to build it the old-fashioned way, one brick at a time. The first brick’s gonna cost ya 50 bucks. This first brick is called wholesaling, or...
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Your investment failed because you didn’t set any goals

I can predict someone’s success in any new endeavor by asking a single question: do you have a clearly written goal? There are many great books on goal setting. But, truth be told, it’s quite basic. Think about what you want to achieve. Write it down. Break it into the most actionable steps you can imagine. Then check back every day. We think of goals like a tree. You greatly increase the odds of the acorn growing into a tree if you give it plenty of water and sunshine; goals work the same way. There are no truly new truths....
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Ten Core Principles of the Million Dollar Investor

Ten Core Principles of The Million-Dollar Investor “My mind to me a kingdom is,” said the poet Sir Edward Dyer. In twenty years of running a real estate investment business, we have found that the most critical philosophy is to treat your mind with respect, like it’s a real kingdom. This is more important than any system of building wealth. In fact, we believe it so much we are happy to “give back (principle 10) by giving our ten core principles for free, even if you make a real decision (principle 7) to apply these principles on someone else’s real...
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Don’t make us save you

I hate to admit it, but we at Alamo Home Source have made great profits on the massive mistakes of amateur real estate investors. We are not out to exploit people; in fact, we swoop in to rescue naïve investors when they spend way too much on rehabilitation costs in the hopes of recouping it on the sale price, all because they did not know the market sufficiently well. A few years ago, a new investor came to San Antonio from California. He had paid $45,000 for a house and spent $60,000 on renovation, for a total of $105,000. His...
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