Know Your Niche


Here’s how we do what we love, protect our standard of living and help younger generations.

A recent message  Three Prong Boomer Investing looked at how buying renting, fixing and reselling houses is part of Merri’s and my pinnacle career strategy.

That message showed the house below, one we bought, cleaned up, rented and resold.

Here’s a story about that house that shares some insights into the strategic importance of staying within a niche.

Buying fixing and renting may or may not be something you like to do… or not.  The thoughts here however are not aimed at investing in real estate, but showing a strategic investing idea in anything you do.

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A rental house as seen  when we sold it

This was a great house in a golf course community.  We paid $140,000 and rented it for a number of years at $1,200 a month.  Then we sold it for $226,000.

That’s seems fair enough profit. But the buyer resold it eight months later for $348,000!  So did I sell for too little?

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The same house eight months later

Our strategy includes sticking to our niche.  That’s what we did so  I was not disturbed in the least at the $122,000 we gave away.

Here’s why.

This was the living area of the house when we sold it.

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Look at the living area of the house after.

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Here’s the kitchen at sale.

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See the kitchen after.

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See the bathroom at sale and…

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after.

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The buyer who purchased from us upgraded everything, even the back yard.

The backyard at sale.

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The backyard eight months later.

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The buyer did an incredible job and deserved whatever profit was left after the costs of improvement.

I did not mind giving away that profit because at that time, the ultra rejuvenation was not in our niche.

Our niche was finding fixer uppers that required cleaning, painting and maybe a bit of standard kitchen and bathroom improvement.

Buying and fixing up to resell is quite different from fixing up to rent.

For over a decade, our strategy had been clear… find distressed properties that required a quick sale and could be rejuvenated for rental at a minimal cost.  Price to rent relationship was the key to our strategy.  The goal was to generate 5% or higher income (after taxes, maintenance, management and repairs) plus build up long term capital gains.

The Mt. Dora real estate market was well suited for this strategy and we stuck to it.  I have enumerated the reasons why Mt. Dora was a good place to own real estate in my report, “Live Anywhere, Earn Everywhere”.

Over the past decade this strategy worked very well.  During this time we were not tempted to get involved in high end upgrades for resale.

Circumstances may have changed… in Mt. Dora (see rule #3 below).  Prices are rising dramatically there and it is increasingly difficult to find houses at prices low enough to rent for sufficient income.

This requires a strategic rethink.  Is this a genuine shift in pricing or a temporary bubble (see rule #11 below)?

Before I explain how I am changing my strategy in Mt. Dora, here’s some fundamentals rules I use in my strategic thinking.

11 Rules for for creating a strategy

#1: Do not care too little about strategy.

#2: Invest in what you know.

#3: We know less than we think we do…and that’s OK.

#4: Place a higher priority on numbers rather than good stories.

#5: Use common sense and logical thinking.

#6: Turn on the auto pilot and normally add to your position.

#7: Make your routine repeatable so good investments can be found again and again.

#8: Add some restructuring stories to your strategy as conditions shift.

#9: Do not underexpose yourself for the long term.

#10: Do not panic when the strategy is not working.

#11: The consensus may be wrong…truth is not created through repletion of an error.

For a variety of reasons, discussed in previous messages at this site, Mt. Dora real estate prices have skyrocketed.

This is time for a restructuring rethink (see rule #8).

mt dora

The completion of an exit at Mt. Dora off the new ring road around Orlando may be one reason Mt. Dora real estate prices are soaring.

Because I cannot know how the Florida and US economy unfold in 2021 (or even the winter of 2020).

The basic question I asked in my strategy rethink was, “Should I buy more real estate in Mt. Dora, or sell what I have”?

Here are the shifts I have made.

First, I am turning a part of our rental inventory into ultra rejuvination inventory.  The increased prices in Mt. Dora may represent a bubble or this may the beginning of a long term upswing.  Prices have been relatively low in Central Florida.

I do not know and that’s OK.  My hedge is to start selling part of the inventory, but buying more, to replace what we sell, in lower priced fringes of Mt. Dora.  In this way we take advantage of the prcie increase but lock in the income potential, plus add capital gains potential.  If this is a genuine long term increase, then the fringe areas will see appreciation next.

Finally to help younger generations, I am using GenXrs and Millennials to do the rejuvenation and sharing the additional profits, thus passing a part of the gains along in a win-win process.

Many reader are not real estate investors.   If you don’t love the process, the seeking, the buying, the fixing and the sale…  you should not be.  Do what you love… but whatever you do, have a strategy that defines your niche and stick to it, letting it evolve as circumstances unfold.

I hope that sharing the 11 rules above and showing how Merri and I apply them in real estate will help you improve doing what you love, as you protect your standard of living and help younger generations.

Gary

Learn more about why Mt. Dora has been a special place to invest and how to spot opportunities like it in my report described below.

Why You Can Learn Spanish in Three Days

You can learn Spanish in a day, or a week, month or any time frame that works for you.

I’m Gary Scott.  Over fifty years ago I started a business that has helped hundreds of thousands of subscribers learn about investing in Hong Kong (1960s and 1970s), Switzerland, London, Isle of Man (1970s and 1980s) and across Europe. My wife Merri and I took thousands on investing tours to these countries.

In the 1990s we began taking investors to Panama, Mexico, the Dominican Republic and Ecuador.  That’s when we realized an incredible need for an easy, super fast way to learn Spanish.  Our delegates were business people with hard schedules and tight deadlines.  They did not have months, or even weeks to learn a second language.

Plus, even though these delegates were successful international business people, most did not have degrees in grammar.  When it came to sentence structure, punctuation rules, parts of speech, morphology and especially derivation of verbs, they were at a loss. They wanted good basic ways to communicate in Spanish that worked and sounded eloquent, right now, without having to become educated in grammar.

Fortunately there is a scientific method of learning (called Super Learning) that was created and refined by a Soviet educational master, Georgi Lozanov.   Lozanov transformed the entire Soviet Union’s educational system to such a degree that this third world nation beat the USA into space.

My wife Merri was lucky to be one of a handful of students outside the Soviet Union who were taught this system by Lozanov himself in the early 1970s.  She practiced this unique and remarkable form of education for decades so we used it to create a Super Spanish course that has helped thousands of subscribers learn Spanish in three days and less.

This course is now available online.

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Merri teaching a Super Spanish course in Florida.

Does it sound impossible to learn Spanish in three days?  Yes, it is impossible when you try to learn Spanish in the old, traditional way, but the scientific Super Learning method of learning… proven and described in numerous best selling books creates educational jumps by making education natural, easy and fun.   This course works because it is education without stress!

How The Course Works

The first tactic is to use Baroque music to create Relaxed Concentration in the learning process.  At least three best selling books, “Superlearning”, the “Mozart Effect” and “Superlearning 2000” have revealed insights about how to learn and think more powerfully based on systems drawn from the Soviet educational master, Dr. Georgi Lozanov.

You gain six valuable ONLINE Baroque Relaxed Concentration Sessions in the online course that is delivered via the internet.

The second tactic uses 17 unique lessons to provide Spanish fluency in a short time.   Let me prove to you how this tactic works by teaching you hundreds of Spanish words in less than 30 seconds.

Here is the proof.

“Most words in English that end in ION are almost identical, just pronounced differently. 

For example action is accion.

Education-educacion.

Manipulation- manipulacion, etc.”

There you have it.  How long did it take you to read these four sentences? 

Ask yourself.  “How many words do you know that end in ION”.

You now know all these Spanish words that you will never forget.

How long would it have taken you to memorize all those words?  How soon would you have forgotten them?

The next lesson teaches how to pronounce each of the nouns.

The third lesson teaches almost as many verbs, almost as quickly.

The fourth lesson shows how to avoid conjugating verbs by sticking with the infinitive (far easier than it sounds).  This simple lesson leaves a person sounding like a Spanish professor without ever conjugating a verb.

Lesson five shows how to sound infinitely polite and yet get almost anything desired in Spanish.

Lesson six gives valuable connectors and the seventh lesson triples the Spanish capacity with three words for “yesterday,” “now” and “tomorrow”.

In an incredibly short time you feel comfortable speaking Spanish.

Plus the system is Impro-Dynamic.  This means your Spanish keeps getting better even though you do not seem to be studying… practicing… or speaking Spanish.

I was amazed by this as I traveled back and forth from the USA to Ecuador.  The longer I was away from Ecuador… the better my Spanish became.  My second language was automatically improving.  The self improving feature comes because you learn to create Spanish sentences rather than remember them.

The portion of the brain that creates is more powerful than the portion that recalls.  When your mind creates something… it owns it!  You do not have to remember .

During the course you learn 4005 Spanish words that you already know.   This eliminates the need to memorize 99% of Spanish words.

You then learn how to create Spanish sentences from these words.

Throughout the course you learn how to pronounce the sentences you create.

When the course ends… the mind keeps working… and creating… so next time you begin to speak Spanish you’ll be surprised .  You improve even though you have not actively worked on your lingual skill.

Due to the difficulty of getting groups together to learn this valuable technique, we created an online program for subscribers to use the Super Spanish course at home.   The normal three day in person course fee is $499 ($749 for a couple).

The ONLINE course is available at the highly reduced price of $149, but in this special offer we are knocking another $70 from the price so you can start now for only $79.  

The ONLINE course has our, full satisfaction or money back, guarantee.  Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund.

Learn Spanish online $79 - using coupon code SPANISH70 at checkout to immediately save $70 off the regular price of $149.

Here are some testimonials from the course.

Here are a few quotes from delegates of the course.

One delegate from St. Louis wrote:  Hi Gary,  Just ended forty-five years in dentistry last week, and I’m on to a new career.  What is my new career?  Still formulating, but the eye -opening,mind expanding Super-Spanish course last weekend in St. Louis surely shows me the opportunity exists to expand my horizons.

Besides having a lot of nice people to learn our new language; the methods Merri and you developed proved to be just what you said they would be.  We all and I in particular relaxed our way to new learning.  I feel so very comfortable with the basis of my new language skills that I know I will be spitting out great Spanish sentences by the time I reach Ecuador in October.  Last year I spent six weeks in Ecuador and now I plan on conversing with the people.

Today’s excerpt of your newsletter really hit home. You do what you say you will. There are no surprises or hidden sales tricks. The only tricks are beneficial to our learning.  Thank you for a wonderful experience that I was quite unable to grasp how you would pull it off.  You did, however, and I look forward to other courses that you offer, and I have absolutely no doubt they also will work beneficially.  Best regards, Denis Molloy.

Another wrote about the Super Spanish course:   Buenos Dias, here is a testimonial for Super Thinking-Super Spanish.  Please feel free to use all or part in promotions for the course.  In addition, you may give my email address to any prospect “on the fence” about enrolling.  Yesterday, in Cotacachi, Ecuador, I finished Super Spanish.  I had high expectations for the course and they were exceeded.

After three days, I can speak Spanish in complete sentences. In simple conversations, such as buying groceries or ordering a meal, I can make myself understood. I think that’s incredible!

Although I am far from the competence level of a native speaker, I feel I’ve taken a giant step forward in learning Spanish so that I can experience the people and culture of Ecuador.  The foregoing benefits would have more than justified the time and money I invested in Super Spanish.  And learning some Spanish was not the most important benefit I got from the course.

Prior to leaving the USA, I had felt for some time that the pace of life there was unhealthy for me (and for most people) and I did nothing about it.

I’ve thought about the pace issue during the course.  One of the key elements Merri Scott designed into Super Spanish is placing the student in the optimal state for learning.  In class, the past three days, I’ve been re-introduced to guided journeys and introduced to the calming effects of Baroque music (www.sundaybaroque.org).  What a blessing! I’m inclined to make one or both a daily part of my life.   Rob Christi.  Cotacachi, Ecuador

Another attendee from a course wrote:   “I took this incredible class a few weeks ago, and I would like to tell anyone that is interested, that it is an amazing three days of learning with lots of laughs included. You leave everyday wanting to learn more and are so excited to do so.

“Other Spanish classes and tutoring made us feel like it would take forever to get to the point where we could put it into practice, but this method gave us a more fluent use for everyday life almost immediately AND the confidence to use it.  It is a fantastic way to show people how much they know and give confidence to learn and use Spanish creating a momentum.

“They made learning Spanish easy and fun in a very relaxed, comfortable atmosphere.  I would definitely recommend this course.  Even if you know some Spanish, this helps make it easier because of the less stress that no verb conjugations gives you.  This gives you more confidence in yourself to try and speak it more.

“I liked how simply the course was organized and the positive attitude about learning.  Thank you so much for helping me to learn Spanish!” Nadine Taylor

The ONLINE Super Spanish course has our, full satisfaction or money back, guarantee. Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund. 

The course is available at the highly reduced price of $149, but in this special offer we are knocking another $70 from the price so you can start now for only $79.  

Learn Spanish online $79 - using coupon code SPANISH70 at checkout to immediately save $70 off the regular price of $149.

Still not sure?

Take just ten minutes to let me prove to you that this super fast way to gain the basics can let you can communicate in Spanish in an incredibly short time.

Gary

Gary-scott-super-spanish

Click here for FREE Super Spanish video.

The ONLINE Super Spanish course has our, full satisfaction or money back, guarantee. Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund. 

The course is available at the highly reduced price of $149, but in this special offer we are knocking another $70 from the price so you can start now for only $79.  

Learn Spanish online $79 - using coupon code SPANISH70 at checkout to immediately save $70 off the regular price of $149.