Don’t let your expectations lead to your suffering

Welcome back,

As real estate investors our businesses often times revolve around the decisions of other people. While purchasing property we often times can find ourselves mentally crossing-our-fingers or saying our prayers in hopes a seller or buyer will make a decision which favors our wallets. These unnecessary and ill placed expectations can often times lead to misunderstood suffering and anxiety in your real estate business.

For the health and well-being of your business and sanity keep in mind that there are some activities and decisions you can control, and others you cannot control. Keep focus on the items within your control and eliminate the expectations of the others from your mind.

A few tasks and decisions on which you may not want to place high expectation:

  • A seller’s decision to accept your purchase offer
  • A buyer’s decision to buy your property
  • Your buyer becoming approved by his/her lender for financing
  • Any underwriting decision
  • Your handyman’s productivity
  • The speed of your closing company, bank, lender
  • Setting an appointment with any specific fsbo before you first call them

A few tasks and decisions on which you may want to place high expectations:

  • How many offers you make per day/week
  • How many new fsbos you call per day/week
  • How much effort you exert on advertising and marketing your business
  • How much you network with other investors
  • How much effort you put forth in your business
  • Which escrow companies or attorneys you work with
  • Which sellers and buyers you work with

As touched on in the bullets above the only tasks and items you may wish to place high expectations upon are the tasks and items which depend on your direct and complete activity. If you succeed or fail in performing these tasks then the success or failure is solely on your shoulders. When you start including other people, either buyers, sellers, assistants, closing attorneys, outsourcers, contractors, handymen, title agents, etc you have less and less control. This is not a negative or a positive, it simply is something to understand and compensate for.

In short, items and tasks which only involve your physical and mental energy to perform are within your control. Any items or tasks you outsource are outside of your control. Place high expectations on items that you solely control – these expectations with time deadlines are often times called goals.

When real estate is involved tasks often times have the outcome of taking longer and costing more than expected to complete. For this reason it can be sage advice to expect things will take twice as long to complete and three times the amount of capital as expected. Whether you are accounting for holding costs, repair costs, marketing, selling time, or repair time always err on the side of caution and factor in extra time and costs in to your deals.

Be the happiest real estate investor you can be. The less stressed and less you suffer the happier and more likely you will be to consistently put forth effort in your investing business and take daily action.

Love what you do daily,

John Fedro

Day 2 In Bangkok, Thailand – John Fedro

Almost through with my 2nd day in Thailand and oh the sights I’ve seen. Some things our brains just can’t imagine if we didn’t see them ourselves. Strangers helping strangers up stairs with a piggy-back, food cart owners handing small bowls of food to beggars on the street (real beggar with few limbs, if any, lying face down on the sidewalks), and monks and prostitutes laughing together on the same street corner.

I started today aiming to see the famous golden reclining Buddha temple (approx 7km away) and then wanting to meetup with a friend I have been talking to on FB that lives here to learn to play rugby with a few of his friends. I showered, answered a few emails, packed my backpack and said goodbye to my hostel.

ride in truck john fedro

My 1st stop was to the closest shopping mall. On my way there I picked up a few delightful treats to eat (fruits and meat pastries) and of course a bottle of drinking water at the nearest 7/11. During my 2km walk to the mall I passed 7 small and peaceful outdoor golden shines that adorned local business with offerings of incense and fruit, 4 outdoor street markets, multiple animal shaped bushes, got caught in Thailand’s famous rain storms (lasting only minutes before the sun was back), and too many tuk-tuks (motorized pedi-cabs) to count.

snake farmer
Apparently I stick out like a ghost because everyone keeps asking me, “Where are you going? Where can I take you? Let me take you somewhere.” No, no I’ll keep walking this way. Kap Kum Krap! (thank you)

Before I arrived to the mall I couldn’t resist a sign that read “Snake Farm and Milking”. My brain immediately steered me into the building as if on auto-pilot. The $3 fee was well worth the 3 floors of live snakes, exhibitions, venom milking, snake handling fun that I saw. Even witnessed a man charm a Cobra, no flute needed.

small prayer offerings john fedro
An hour later I walked next door to the mall and was surprised to see stores similar to what we have in the US. However this mall was 5 stories tall, round as a beer can, and of course rocked a large golden shine in the middle. Never once during this trip have I felt unsafe, I believe it is due to the majority of peaceful Buddhists here.

Not finding a cell phone that I liked in the mall I decided to make my way to the Golden Buddha temple I had started my day in search of. My written directions in hand of how to get there I proceed down Silom Street heading NW. I made my first turn correctly then got super-lost in China Town.

China town is hugeeee here, comprising of what seems like 5-6 square km of repeating knick-knack shops, herbal remedy stores (drank goat-lip tea for health), tire shops, pictures of the king and queen, and stands selling fresh fruits, juices, meats, and nuts.

Traversing China town my memorable moments were seeing almost no white-people, seeing many women that reminded me of another Asian I knew, the relaxed nature of Asian-culture with beds in their shops – just laying around seemingly doing nothing (likely due to the summer heat) and the smiles on almost everyone’s faces. However my search for the golden Buddha was becoming a real challenge with the 30lb bag on my back now beginning to feel like 80lbs, my light blue shirt turning a deep-sea-blue from excess sweat, and my smile slowing turning into a look of pain from my slightly sore feet.

china town john fedro
After a good walk-workout that I was happy with I hailed a taxi and ask him to “please take me to the Grand Palace”. With a look of complete confusion he said he didn’t know and we looked at each other in odd silence. I then did my best charades-game to mime “Grand Palace” to no avail. I figured I would look up the translation later (Phra Borom Maha Ratcha Wang) and instead would head to my friend Ivo’s home as it was already getting close to 2pm and rugby started at 4pm. I gave him the address I wrote down on a piece of paper of Ivo’s home in the city. He looked at the paper, looked at me, looked at the paper, looked at me, and said he did not know this place either. Feeling a little worn down I thought quickly and produced my ticket from the Snake farm and ask him to take me back there.

We arrived at the farm minutes later. It is amazing with all the people here, with all the moped, all the cars, and all the taxis in the mix there are little if any accidents. More surprising still almost no horns blowing, when I did here a horn it was a friendly “toot toot” and not an overbearing long-lasting honk.

From the snake farm I headed SE back to the hostel I just checked out hours before in hopes they still had vacancies. On the way I passed 2 English friends I met earlier in the day. We stopped to have a drink and of course get a foot/thai massage after this long sight-seeing day. The Thais know how to treat a fella, and ladies too.

After arriving back at the hostel I purchased a bed for the night, showered, started a load of clothes and popped out to grab a bite to eat. I decided to play it safe and ordered the Pad Thai with a Shingha beer. Perhaps this was the best part of my day so far – a beer in one hand and a good book in the other (The Paradox of Choice) watching the oranges and magentas of the setting sun beaming off the downtown Bangkok buildings as I watched watching cars, moped, and bicycles weave their way perfectly in front of me while eating outside with my just-massaged feet propped up. Best Pad Thai ever btw!

Lastly, before writing this post back in my hostel I walked passed a beautifully ornamented castle of a temple. This temple is located caddy-corner to my hostel and has been pleasantly waking me up every morning around 8am with music I can only describe as slow-Indian-type music, likely a mixture of bells, angelic voices, soft drums, and crystal-wine-glass music combined.

Noticing the mass of people, shoes lined up outside, and louder music than normal I stopped to observe the rituals happening inside. Before I saw him approach a Monk ushered me inside and I sat for 20 minutes until the prayer was over. Even now I can here the music from my hostel’s great room.

Looking forward to tomorrow and what surprises are in store. It’s Friday night here and my 2 English chaps are asking me to join them out for the night. Should I go… I think I will. 

Miss everyone back home. Thanks for reading.

John Fedro

Arriving in Bangkok, Thailand – John Fedro

Welcome back

I’ve had a permanent smile on my face since arriving in Thailand last night. Everything is just so….so…. different. There are statues of half man half goat people along the highways, the steering wheel is on the right side of the car, tractors are pink instead of green, people pee on the side of the roads, cars don’t stop for pedestrians, mopeds speed down the sidewalks, cats and dogs run wild, the architecture is a beautiful mixture of many different cultures, and the people are all so friendly.

bangkok airport john fedro

bkk john fedro
Spent the day walking around the general area of where I’m staying last night and tonight. I am stuffed from all the food I bought from the local street vendors. My food total for the day came to $4.30. Not sure what all I ate, but most of it was excellent. Most people speak some basic English which is nice too.

street food john fedro bkk
“Would you like a large bag of fresh fruit? That’ll be .05 cents.
Would you like a few sticks of freshly grilled meats?? That’ll be another .10 cents please!” Amazing how inexpensive everything is here.

baht john fedro

Also stopped at 2 temples, dipped my feet in the river, met a number of foreigners (oddly none from America), got my feet massaged for an hour for $6, and am hoping to catch a Muay Thai fight later tonight if I can find the place. 

Miss everyone back home! See you in 6 weeks.

Love what you do daily,

John Fedro

Welcome. This is John Fedro

I’m John.

I’m a 31 year old guy from Central Florida, now living in Texas, who makes a living with used mobile homes. I consider myself one of the most fortunate people on Earth.

I’m not a millionaire and I don’t drive a fancy car. What I do have is a great family, a close circle of friends, happy customers, and a line of work that allows me to spend most of my time with them and perusing my personal goals.

My Story

Prior to 2002 I had multiple medial jobs. I can say I have never had an “official” career as I only have limited formal education and have never had a corporate job. What I did have, and continue to have is a burning idea and desire that I can make more income on my own than with a boss. The only trouble I was having at the time was finding what truly fired me up.

Up to this point in my life I was only thinking about college, my car, my girlfriend, and working-for-the-weekend. Real estate was not my first try at my own business. Before I jumped head-first into real estate I tried a multi-level marketing business (MLM) that I liked very much, but made me no money. The reason I can clearly see now was because I did not believe in the products I was selling.

It was not until I stumbled onto one of my college roommate’s real estate how-to book that my eyes were opened to the huge profits found with real estate. Up to this point I believed that trading time for a paycheck was the only way to make a good living. From the first glance I totally saw myself buying, fixing, renting, and selling houses – and loving it. I could see it as if it had already happened.

Offline to Online

Since growing my real estate investing business offline I have since helped many other investors obtain cash-flow and a full-time income with real estate. This has been no easy accomplishment and I am proud beyond words to be in such position today. The close group of investors that has grown with me over the past 7 years are some of my closest friends. These investors have been trained by a combination of an online training program I created known as the Mobile Home Formula, personal 1-on-1 training with me, and live group seminars held around the country.

Travel

Many years ago I got bit by the “travel bug”. Since then I have been using my real estate portfolio and passive income to travel around the world and meet some of the most interesting folks and see some jaw-dropping sights. Just a few of my favorite destinations include China, Vietnam, Costa Rica, Canada, Russia, Thailand, Mongolia, US (coast to coast) and London.

Love what you do daily,

John Fedro