FROM THE EDI TOR- IN-CHI EF
PUBLISHER R. Michael Wrenn
PRESIDENT, AFFINITY WORLDWIDE Eddie Wilson | EWilson@AffinityWorldwide.com
Building Great Things in 2018
EDITOR-IN-CHIEF Carole VanSickle Ellis CEllis@ThinkRealty.com
VICE PRESIDENT OF MEDIA SALES Rodney Halford RHalford@ThinkRealty.com 816-398-4111 x86122 NATIONAL SALES MANAGER Teresa Stanton TStanton@ThinkRealty.com 816-398-4111 x86224
he words every property owner dreads hearing: “You’re going
they represent a constant threat to your investing success whether you are brand-new to the industry and have yet to wholesale a house or have spent five or six decades in the business. You might have realized by now that we’re not just talking about literal founda- tion problems. We’re also talking about the figura- tive foundation of your real estate investing career: your education. Fail to set a firm foundational knowledge base, and, yep, you’re pretty unlikely to know how to get funding for your real estate deals. Neglect the finer points of due diligence, and you could face budget-breaking repairs. Fall short in establishing a working, functional, actionable set of systems and guidelines for your real estate business, and yes, your loved ones’ hearth and home could be in peril. As the New Year begins, Think Realty finds itself proudly standing on one of the broadest, firmest foundations in real estate. Think Realty Magazine is proud to offer you access to that knowledge base, and we are honored, as always, by your readership. American author and religious leader Gordan B. Hinckley, who was known for prolific and ambitious construction, once observed, “You can’t build a great building on a weak foundation.” In 2018, let’s build great things together. •
T
to need to do some foundation repairs.” Sure, if you hear that before you buy the property during the due diligence period when you have time to adjust your cost esti- mates, it’s not so bad. Hear it after your plumber uncovers a nasty looking crack under the basement car- pet, however, and the shivers start to run up your spine. Why do threats to our physical properties’ founda- tions strike us so viscerally? As real estate investors, we know foundation is everything. A previously unde- tected foundational flaw can cost us the farm, literally. Think about the ramifications of owning a proper- ty with foundation problems: • You will face nonnegotiable, often bank-breaking repair costs • The structure of your entire house may be compromised, making your family and loved ones unsafe where they sleep • The topography of the land around the building could actually change (sinkholes, anyone?) Foundation problems are bad, bad news. For real estate investors, they’re the worst, and, furthermore, • You may not be able to get financing
CONTENT DIRECTOR CariAnn Steward CSteward@ThinkRealty.com
ASSISTANT EDITOR Heather Elwing
DESIGN CONSULTANTS Rivet | www.WeAreRivet.com
GRAPHIC DESIGNER Emily Bowers
ON THE AIR: THINK REALTY RADIO
FOR ARTICLE REPRINTS :: Contact Jeremy Ellis at Reprint Pros, 949-702-5390. www.reprintpros.com. SUBSCRIPTIONS :: The annual subscription for Think Realty Magazine is $28.95 in the U.S. Order online at www.ThinkRealty.com or call 816-398-4085. Provide your full name, address and telephone number. DISCLAIMER :: Think Realty Magazine , its owners, contractors, distributors and their respective representatives do not provide tax, accounting, investment or legal advice and make no guarantee as to the effectiveness or success of any investment or tax strategies discussed herein. Please consult your own independent adviser as to any questions you have or decision you are contemplating. ABOUT THIS MAGAZINE :: ThinkRealtyMagazine isapublicationof AffinityRealEstateMediaLLC.Reproductionoruseofanyeditorial orgraphic,withoutpermission, isprohibited.Wearenotresponsible for thecontentofanypaidadvertisements.Forreprintrights; toob- tainadetailedstatementofourprivacypolicy;and forallsingle-copy requests,addresschangesandothersubscription inquiries: CONTRIBUTING WRITERS Jack Bosch, Aimee Breeden, Jennifer Jo Cobb, Susan Dupont, Bryan Ellis, Kathy Fettke, Rodney Halford, Gary Harper, Jenna Heneghan, Blake Johnson, Linda Liberatore, Gaylene Rogers Lonergan, Julie Ziglar Norman, Richard Sarkis, Douglas Skipworth, Darren Soares, BreAnn Stephenson, John Tesh, John Trautman and Ingo Winzer. COVER PHOTOGRAPHY Smokescreen Media
WHAT'S NEW AT THINK REALTY
Investing in real estate is more than action—it’s a real estate of mind! Set your strategy and set your dial to Think Realty Radio, now broadcasting nationwide every weekday. Our radio show is designed to keep investors - like you - up to date on the most effective and efficient methods of real estate investing. We’ve secured one of the best and most dynamic personalities in the real estate industry as our host: Abhi Golhar.
Tune in, turn up, and get pumped, because this is going to be your best year yet.
Check for stations in your area or listen now at ThinkRealtyRadio.com
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CAROLE J. VANSICKLE ELLIS, EDITOR-IN-CHIEF
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