So many of our important endeavors in life come down to long-term compounding over the years. Our retirement, the success of our kids, our health. All these normally grow (or shrink) imperceptibly day by day. And yet, it’s a concept that’s really hard to wrap our minds around. I probably think about it to much. Here’s some of what I’ve noticed. 5 Observations On Compounding You’ve got to stay in the game to experience it – If all the benefits come at the end, from compounding, then the key is to stay in it long term. How do you do this? In order to stay in it long term you’ve got to change i ..read more

I’m incredibly thankful to God and lots of amazing people for the first 35 years of my life. I don’t see how they could have been much better. It’s helped me build a strong foundation. Hopefully I can have a similar impact on people the next 35 years of my life. 35 feels like a big one. It snuck up on me. I didn’t expect it to. Where did my 20’s go? I’m happy with my time and experiences, but damn, time is sliding by fast. It reminds me of how college felt. Slow, but mostly enjoyable. Then all of a sudden you wake up to graduation thinking, “how did it come so fast?” It feels sad that it’s ove ..read more

“If a man knows not to which port he sails, no wind is favorable.” Seneca the Younger Our goal is to build a portfolio of properties and financing with ever increasing quality. It makes buy and hold investing really fun, more profitable, and safer. To make clear progress towards this goal, we look at both sides of the balance sheet. Properties and Financing: Some ways to improve the quality of properties in your portfolio: Location – Does everyone want to be near this property? Does it create a moat? Does it convey monopoly powers? Is it romantic? Is it next to a landfill? Location is so sim ..read more

My Dad explained supply and demand to me in 3rd grade. He said, “When there’s more demand than supply, prices go up. When there’s more supply than demand, prices will go down.” So simple. But it stuck. Even today, I can feel that concept light up my brain. Something about it is fundamental. It explains so much of our modern world. That was my first lesson in markets and I guess that’s when I got hooked. Now, here we are 25 years later… Its a core memory for me. Just as much as watching Michael Jordan and the Bulls complete the second 3-peat. I’m quite positive he doesn’t remember teaching me t ..read more

I’ve been a real estate agent and investor for the last 6 years.  This puts me in a unique position to see the struggles of both roles. They’re more similar than you would think. In the end, both are under the umbrella of entrepreneurship.  Entrepreneurship is a roller coaster. Your life can get hard fast. Here are 3 tips to make things easier. 1. Quit trying to sell people They don’t want to be sold. If I could summarize my sales philosophy, it would be with this metaphor:  “I want to hop in your canoe and paddle with you. Let’s see if we can reach a destination we both like ..read more

What happened in the Birmingham market this week? Are we back to normal yet? Plus, the EASY way to get your PPP Loan forgiven… CLICK HERE TO GET THE UPDATE WEEKLY CLICK HERE TO SCHEDULE A CALL WITH ME The post BIRMINGHAM REAL ESTATE MARKET UPDATE – 6/19/20 appeared first on Rob Drum ..read more

What happened in the Birmingham real estate market this week? PPP Loans just got better… Stocks at all time highs, what could that mean? CLICK HERE TO GET THE MARKET UPDATE WEEKLY CLICK HERE TO SCHEDULE A CALL WITH ME The post BIRMINGHAM REAL ESTATE MARKET UPDATE – COVID 19 SPECIAL 6/12/20 appeared first on Rob Drum ..read more

What happened in the Birmingham market this week? Was May the start of a real estate crash? Is all this stimulus even working? Answers in this weeks video! CLICK HERE TO GET THE UPDATE WEEKLY CLICK HERE TO SCHEDULE A CALL WITH ME The post BIRMINGHAM REAL ESTATE MARKET UPDATE – COVID 19 SPECIAL 6/5/20 appeared first on Rob Drum ..read more

What happened in the Birmingham market stats this week? Did inventory continue to contract? Tips to buy in a low inventory market? How free money is getting free-er with PPP loans? Next week — Did Covid-19 cause a decline in May home prices? _________________________________________________________ CLICK HERE TO GET THE UPDATE WEEKLY CLICK HERE TO SCHEDULE A CALL WITH ME The post BIRMINGHAM REAL ESTATE MARKET UPDATE – COVID 19 SPECIAL 5/29/20 appeared first on Rob Drum ..read more

How low can listing inventory go? How did Covid-19 effect listings in Birmingham? What’s new with the economic stimulus response? These answers and more in this weeks Birmingham Market Update! CLICK HERE TO GET THE UPDATE EVERY WEEK CLICK HERE TO SCHEDULE A CALL WITH ME The post Birmingham Real Estate Market Update – Covid 19 Special 5/22/20 appeared first on Rob Drum ..read more