On iPads and Real Estate Investing Interference
1 comment so farIt’s safe to say that in real estate investing, or any venture for that matter, you will encounter interference. In the basic communication theory, this is known as “noise.” In REI, there could be interference from various sources. There could be noise and that’s something probably inevitable.
This thing came to light because I read a news report on iPads being banned in an Ivy League school. New Jersey‘s Princeton University said that there was nothing wrong with using Apple Inc.’s gadgets on campus except that they could interfere with the school’s wireless network. They could trigger “malfunctions that can affect the entire school’s computer system,” the university said. That’s why the school banned around 20% of iPads there. Now there’s a real estate investing lesson here somewhere.
Now Princeton probably didn’t have anything against Steve Jobs and his company but it had to ban the gadgets because they were a form of interference. What the school did was something to prevent the interference from doing its job: interfering. Real estate investors must do this as well. In whatever form of real estate investing – wholesaling houses, rehabbing houses, shorts sales, whatever – it is always important to stay focused. If you think something is stopping you from advancing, do something about it. Afraid hard money might not work? Go learn about it. Can’t close the deal because the offer is too low? Back up your asking price and ask for a higher offer.
When wholesaling houses, rehabbing, or doing short sales, real estate investing interference will surely come. But don’t let it stop you. Do something about it and get on with your deal.

April 30th, 2010 at 3:25 pm
Interesting – because that is the same thing I found out last Thursday….