Tom Olson
4 Industry Trends You Cannot Afford to Ignore
Real estate is changing … again. The post-pandemic world is a volatile one, and the real estate industry is just as susceptible to volatility as any other sector. Real estate has long been a “hedge asset,” one that is somewhat insulated from economic pressures and declines. As a result, investors ...
How Do You Choose Good Real Estate Education?
In the early 1990s, if you had been looking for a course on real estate investing, you might have spent a fair amount of time and effort looking. In those days, internet access was uncommon. You had to go to the library and look for book if you wanted to ...
When it comes to running a successful business, there are certain hallmarks that appear in nearly every entrepreneurial operation. It’s no different for real estate investing and financial ventures. Leveraging these key strategies can enable investors to optimize and accelerate their success. Each of the following “keys” may be applied ...
Think Realty Podcast #242 – Evolving in the Economy
Between inflation and interest rates rising, everything is more expensive. With that in the back of every mind, what can you say to investors who are trusting you with their capital or properties? Our guest, Tom Olson from GoodSuccess.com, talks about the current state of the market, how he evolved ...
The 4 Essential Elements of a Successful Real Estate Project
When most people think about rehabbing a property, they think in terms of two main concepts: How much money they will make on the sale or generate in rent. How amazing the “after” pictures will look in their social media feed and other promotional materials. The focus on these two ...
3 Markets Seeing More Buyers During COVID-19
Which state has one of the most COVID-19 cases in the country and is also one of the hottest markets experiencing buyer demand in 2020? The answer might surprise you: Florida. While August brought out some pretty devastating Coronavirus statistics for the Sunshine State (hundreds of students quarantined, thousands of ...
Federal and state governments are proving surprisingly effective at holding much of the economic fallout at bay, although there will come a point where the price for all of this quantitative easing policy must be paid. Real estate investors must be ready for the next economic swings and resulting market ...
Rural and Suburban Property Values Rise
If you are looking for a new place to live these days, the odds are good you have at least considered taking the “country mouse” route and buying a home in a rural area. The odds are also pretty good that a year ago, you would never have spared the ...
3 Ways to Stay Profitable, Productive, and Pandemic-Resistant
By early May, most analysts and even many public health experts agreed the American public and the American economy could not take much more of the stay-at-home mandates and mandatory business shutdowns that resulted from COVID-19. The U.S. economy was shrinking at a faster rate than it had since 2008, ...
Outdoor Living: Summer’s Big Value-Add in Real Estate
As summer begins and most states initiate some form of economic reopening, there are many signals indicating that outdoor living is going to be the “big boost” for real estate this summer. With slow spring sales pushing many buyers’ home-seeking activities into the summer months, this probably would have happened ...
iBuyers Re-enter Flipping Market
Two iBuyer giants, Zillow and Redfin, have announced they are ready to reenter the home-flipping market. Is the return of iBuyers a negative development for investors or could this be a sign that will create positive consumer sentiment and result in a resurgence in the house-hunting market? When Zillow Offers ...
As many of you know, it is my professional mission to flip my hometown of Gary, Indiana. In the town’s heyday, the city was the second largest in the state. It was home to a booming steel industry, a diverse and thriving population, and a beautiful lakefront community on the ...
Perspectives: Survive and Thrive through COVID-19
In March, just about everything we found familiar in the United States changed dramatically. In response to the novel coronavirus pandemic, businesses were labeled “essential” or “nonessential.” Literally millions of Americans lost their “nonessential” jobs temporarily, if not permanently. We began to talk about “shutting down” the economy and, eventually, ...
Embracing Opportunity Without Sacrificing Returns
In today’s world of always trying to make “the next big impact” in community, business, or life, real estate investors often end up overlooking the big picture of their investment strategies. They abandon one strategy for another and pride themselves on ruthlessly cutting deals. The constant need to shift, change, ...
You may have heard the saying, “Sit with winners. The conversation is different.” It basically means that the company you keep defines the type of conversations you have, and the results of those conversations can determine whether you “win” or “lose” in your personal or professional life. Being part of ...
Since 2016, I have been hearing from other real estate investors that an economic crash is coming. Every time I attend a mastermind or real estate conference, someone eventually says, “The crash is coming. This can’t go on.” And then…it goes on. Now, we’re in our fourth year of an ...
Years ago, I attended a mastermind that changed my life. At that time, I would say I was living a “small” life. I was working hard, and I was relatively successful, but I was not feeling truly fulfilled because I had not, up to that point, been willing to do ...
The 7 Questions You Must Ask Yourself Before Joining a Mastermind
Real estate investors educate themselves in many different ways. Some take the traditional route of attending college, while others read hundreds of books, attend seminars, and listen to podcasts as they self-educate and network their way to the top. There are as many routes to success in real estate as ...
4 Must-Haves in Your Contractor Agreements
Any successful property transformation will rely on a successful relationship with your contractor. While many investors still pride themselves on “handshake agreements” within their local professional community, a solid, written agreement will protect you. It also shows professional courtesy to your team members (contractors) and indicates that you want to ...
Find an REI Partner Who Just “Gets It”
Hello, fellow real estate investors! My name is Tom Olson from the Good Success mastermind community. Finding service providers who understand the unique challenges and risk exposure we face as real estate investors can be a point of frustration. Because of this, I started using National Real Estate Insurance Group ...
