Category Archives for "Business Coaching"

Jun 04

How to more than double the value of rental property through animation: the PAAN Report

By Bruce Firestone | Architecture , Business Coaching , Design , Entrepreneurship , Finance , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

Most real estate investment coaches/mentors, concentrate on house flipping, no-money-down transactions, cost-cutting, how to buy below market (often by submitting dozens or even hundreds of offers until some naive seller bites on one), purchasing foreclosed property or tax sale property… It all amounts to the same thing IMHO: Everyone is looking for a shortcut to […]

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May 28

Why realtors should also own their own rental portfolio

By Bruce Firestone | Business Coaching , Business Models , Entrepreneurship , Ideas , Investing , Real Estate Investment Coaching , Sales & Marketing

I can think of many reasons why realtors should own some rental properties, not least because, if you represent or coach investors the way I do, one of the first questions they’ll ask you is this: “Do you walk the walk or just talk the talk?” If you have your own successful portfolio, well, this […]

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Apr 15

Stupid Zoning Rules

By Bruce Firestone | Architecture , Business Coaching , Business Models , Design , Entrepreneurship , Finance , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

Here’s an excerpt from a book I wrote (Jenna’s Story, https://brucemfirestone.com/product/jennas-story/) in which Jenna McConnell launches into a diatribe on how stupid zoning regulations help the top .01% (which she calls “Big Mules” or “Equity Lords”) control almost all the levers of political and economic power. Jenna is from South Carolina and proudly speaks like […]

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Apr 15

Selling Towns Should not be a Swimsuit Competition

By Bruce Firestone | Architecture , Business Coaching , Entrepreneurship , Real Estate , Real Estate Investment Coaching , Sales & Marketing , Urban Economics

Look at the way this developer sells towns… see below. It’s more of a “swimsuit” competition rather than a value proposition. Key words: “limited” “priced low” “hardwood “ceramic.” #BigMistake IMHO They do OK on location but are missing out on any of these desirable characteristics: walkable, mixed-use, transit, nearby attractions, employment opportunities… which would help […]

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Apr 06

Do you use historical prices or FMV when calculating cap rates?

By Bruce Firestone | Business Coaching , Finance , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

It’s complicated. A client of mine is doing a PAAN (property animation and analysis report) for a client of his. He writes and asks me the above question. Here below is my response… That is an excellent question, David. Truly. The honest answer? It depends. Say you bought a home in Ottawa in 1980 for […]

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Mar 19

Ever wonder why Canadiens mid-week games are on TV in Ottawa and the Leafs aren’t?

By Bruce Firestone | Business Coaching , Business Models , Entrepreneurship , Finance , Sports & Entertainment

Blame me. Here’s an excerpt from Don’t Back Down, the real story of the founding of the NHL’s Ottawa Senators and why big leagues matter that I wrote for the 25th anniversary of the Sens that explains why… When the modern-era Sens were re-established in the 1990-1992 period, we did a deal with the Canadiens […]

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Mar 18

Want to lower your property value in a New York minute?

By Bruce Firestone | Business Coaching , Finance , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

If you want to crater your property value, the fastest way to do that is probably to allow deferred maintenance to build up. Yesterday, I visited a place that had quite a few positives for my clients including: Decent land size, interesting home and outbuildings and the right location for these folks (they have family […]

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Mar 10

People wanted for hazardous startup

By Bruce Firestone | Business Coaching , Entrepreneurship , Life Coaching , Sales & Marketing

According to podcaster Mark Leruste, Ernest Shackleton’s famous recruitment ad for his 1914 Endurance expedition to Antarctica could be a useful stand-in today for anyone thinking of becoming an entrepreneur, https://youtu.be/f6nxcfbDfZo. Here’s that ad, which it is believed first ran in the London Times (although that is far from certain, https://discerninghistory.com/2013/05/shackletons-ad-men-wanted-for-hazerdous-journey/): Men wanted for hazardous […]

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