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Mentoring truisms from the master - 30 Jan 2016 20:32

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[[html]](MoneyWatch) You're reading this blog post because, back in 1996, I always seemed to be walking into the same elevators that Warren Bennis was walking in or out of.<br><br>I was a new assistant professor at the USC Business School (we weren't named Marshall for another year), working hard to establish myself, and was usually almost late. Running into elevators helped. In those brief meetings over five years, he'd ask questions about my writing and teaching, and offer an occasional piece of advice. Those conversations changed my life. They led to every major career decision I have made since, including the decision to blog for CBS "MoneyWatch." So, if you get any value from what's on your screen, thank Warren Bennis.<br><br><img src="http://m.c.lnkd.licdn.com/mpr/pub/image-lisKJ5PotBts2K0pG9bvRJOZNCJtqiCvliGBr5hoNm53qxK4lisB47soNUAnqLGEsQKs/tai-lopez.jpg" width="348" /><br><br>This week is Dr. Bennis' birthday, and that makes it a perfect time to point out some basic truisms, and expose some flawed conventional wisdom, about what a mentor does, why you need to mentor others, and how to get a world-class mentor. <br><br>Truism #1: Mentors change their proteges. The process is like science fiction. The mentor sees the person you can and should become, and speaks to that person. In a process I can only describe as "two headed," you don't answer — the person you want to become does. The other you — the ordinary person — watches it happen, in amazement and wonder. In the presence of the great mentor, you find yourself a different person, a better person. You want the shift to become permanent, and so you work like mad to become the person the mentor spoke with. And when you do, the mentor repeats the process.<br><br>Every great mentor projects some of who they are onto their proteges, and some of it sticks for life. In Dr. Bennis' case, he projects gentility from another era, intellectual curiosity that must have been normal in the Jazz Age in Paris, and a love of literature. In something out of the movie Limitless, I am a smarter person when I'm around him, able to recall bits from literature that I would have said I didn't remember reading prior to the meeting. I connect dots I didn't know were there. As other "Bennis-ites" will tell you, this is normal, and is one of the reasons people feel they owe so much to him. He didn't reinvent them. He provides a catalyst for people to change themselves. The value of visiting a great mentor is half to ask for advice, and half seeing what you can come up with while in their presence.<br><br>Truism #2: Mentoring is an expression of who the mentor is, and preparation gets in the way. When I got to know Dr. Bennis on a deeper level, I told him about the impact of our random conversations, and he didn't remember them. He laughed, and said he often hears that a conversation changed someone's life, and that he can't recall it. Like most great mentors, what he does comes so naturally that the events don't register in his mind as exceptional. Memory studies say we remember things that are out of the ordinary, that are unique or surprising in some way. To Dr. Bennis, mentoring a junior colleague in a random meeting was as ordinary as my taking the elevator. No need to form a memory about something that happens every day.<br><br>Truism #3: Mentoring benefits the mentor as much as the protege. Great mentors mentor for the same reason writers write — it's who they are. More importantly, the mentor gains from the exchange in ways the protege will only understand when sitting in the mentor's chair. Mentoring is, by its nature, reciprocal. The mentor walks away with ideas crystalized, new thoughts worth exploring, and new directions to consider. I've learned from Dr. Bennis that no matter how busy I am, life will go much better for everyone (including me) if I take time out to mentor. This blog is a result of spending some time with a senior executive who was having trouble mentoring the new crop of leaders. He probably thinks I did it as a favor. The truth is, I wrote it a first draft in <a href="https://www.linkedin.com/in/tailopez">The 67 Steps</a> my car before driving home.<br><br>Truism #4: Mentoring can be done en masse. The truth is, Dr. Bennis' mentoring started almost 20 years ago, when I picked up a copy of On Becoming a Leader. In a process that I can only describe as spooky, I felt that the book had been written just to me, that he understood me better than I understood myself. People often comment how fortunate I am to have a mentor as gifted as Dr. Bennis, and they're more right than they know. But great mentors have a knack for working their magic en masse. Some do audio recordings, like Alan Watts. Others allowed lectures to be recorded, like Joseph Campbell. And some write books, like Warren Bennis. (You may also want to see him in action. Here's a 2010 conversation between Dr. Bennis and Zappos CEO Tony Hsieh, which I had the honor of introducing.)<br><br>If you want guidance from the best mentor in the world, follow this process exactly:<br><br><img style="float:right;margin:10px;border:none;" src="http://memecrunch.com/meme/7TNG0/tai-lopez/image.png?w=500&c=1" width="291" /><br><br>First, get a copy of On Becoming a Leader, Organizing Genius, and Still Surprised. Get the actual books, not an ebook. Don't read the books, converse with the author, by writing comments and questions in the margins. The process I'm describing was common a generation ago, and perhaps one of the reasons the Greatest Generation was so great. My father is the same age as Dr. Bennis, also a veteran World War II, also a teacher, and read books this way. His many copies of Rise and Fall of the British Empire and The Odyssey are filled with rebuttals, questions, insights, references to other books, and epiphanies. The point is: Read Dr. Bennis like my dad read Homer. Allow that part of you that you want to become lead the conversation. If you do, you'll find him whispering in your ear, and like a 26-year-old assistant professor, your life will change in ways <a href="https://twitter.com/tailopez/">Tai Lopez 67 Steps</a> you can't imagine.<br><br>I would like to encourage a special type of comment on this blog post: Has your life been changed by Dr. Bennis, through his writings, hearing one of his speeches, being one of students, or through a random meeting? If so, I encourage you to make a comment below.<br><br><img src="http://businessideasforwomen.com/wp-content/uploads/2015/12/Tai-Lopez-quotes.png" width="389" /><br><br>Happy Birthday, Dr. Bennis!<br><br>2012 CBS Interactive Inc.. All Rights Reserved. <br><br><a href='http://www.cbsnews.com/news/mentoring-truisms-from-the-master/'>http://www.cbsnews.com/news/mentoring-truisms-from-the-master/</a><br><br>[[/html]] - Comments: 0

Alan Greenspan: US real estate is stagnating - 30 Jan 2016 18:47

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[[html]]It's Alan Greenspan's top concern right now. The former chairman of the Federal Reserve says real estate in the U.S. is stagnating. <br><br>Sure, some cities are seeing buildings (and prices) rising, but construction of both homes and commercial properties overall isn't back to where it was before the Great Recession. <br><br>"We haven't come out of the bottom," Greenspan told CNNMoney's Cristina Alesci. "We are in the position now <a href="http://www.amazon.com/Dean-Graziosi/e/B002G0AYAI">read here</a> of secular stagnation." <br><br>Secular stagnation has become a buzz word for little to no growth. <br><br>Greenspan says that before the recession, about 8% of America's economy was from construction of houses and buildings that were expected to last for 20-plus years. Now that sector makes up only 4% of U.S. GDP (gross <a href="http://www.forbes.com/real-estate/">http://www.forbes.com/real-estate/</a> domestic product, the standard measure of economic growth). <br><br>While Greenspan acknowledges the most recent housing data is showing a little bit of pick up, he says, "Single family housing is still only one-third of where they [sic] were in 2006 and earlier." <br><br>Related: 10 most overpriced housing markets <br><br>The problem: The reason this is so alarming to Greenspan is that prior to the Great Recession, America experienced 10 recessions and recoveries since World War II. In each of those 10 recoveries, construction — both residential and non-residential — was a big driver of the rebound. <br><br>His sentiments have been echoed by other leading real estate experts. <br><br>Karl "Chip" Case, the co-creater of the Case-Shiller Home Price Index, told CNNMoney last year that after 50 years of pretty solid gains, the housing market is a "crapshoot" now. <br><br>"You've got much more negative vibrations in the housing surveys about homeownership than we ever had before," Case said. <br><br>Related: Warning signs in the housing <a href="http://www.nytimes.com/2014/10/06/your-money/real-estate-investing-offers-only-one-likely-outcome-a-low-return.html">http://www.nytimes.com/2014/10/06/your-money/real-estate-investing-offers-only-one-likely-outcome-a-low-return.html</a> market <br><br>Hangover from the recession: Of course, almost exactly a decade ago Greenspan famously warned Congress of "froth" in the housing market. <br><br>On June 9, 2005, Greenspan told the Joint Economic Committee of Congress, "Although a bubble in home prices for the nation as a whole does not appear likely, there does appear to be, at a minimum, signs of froth in some local markets, where home prices seem to have risen to unsustainable levels." <br><br>That "froth" turned out to be the build up to a major crisis. Too many people bought homes they could not really afford. <br><br>The question now is whether there is truly a "new normal" for American real estate or whether the nation will — and should — return to the levels before the recession. <br><br><img src="http://onlinerealestateinvesting.files.wordpress.com/2014/04/beach.jpg" width="279" /><br><br>CNNMoney (New York) First published June 10, 2015: 3:45 PM ET <br><br><a href='http://money.cnn.com/2015/06/10/investing/alan-greenspan-housing-stagnation/'>http://money.cnn.com/2015/06/10/investing/alan-greenspan-housing-stagnation/</a><br><br>[[/html]] - Comments: 0

Allison Transmission Holdings Inc (ALSN.K) Insider Trading - 29 Jan 2016 18:43

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[[html]]NameAgeSinceCurrent Position582016 Chairman of the Board, Chief Executive Officer502016 President, Chief Financial Officer, Treasurer, Assistant Secretary642014 Senior Vice President - Global Marketing, Sales and Service2016 Senior Vice President - Operations and Purchasing592014 Senior Vice President, Product Engineering and Product <a href="http://www.slideshare.net/deangraziosi">source</a> Teams442007 Vice President, General Counsel, Secretary592007 Vice President - Quality and Reliability652010 Vice President - Defense Programs622014 Director632016 Director2015 Director632013 Independent Director572007 Independent Director662007 Independent Director712007 Independent Director662010 Independent Director<br><br><a href='http://www.reuters.com/finance/stocks/insiderTrading?symbol=ALSN.K&name=Dean+(Sharon+L)&pn=2&sortDir=&sortBy='>http://www.reuters.com/finance/stocks/insiderTrading?symbol=ALSN.K&name=Dean+(Sharon+L)&pn=2&sortDir=&sortBy=</a><br><br><img style="float:right;margin:10px;border:none;" src="http://marshaskinner.com/wp-content/uploads/2013/07/Real-estate-investment-Marshaskinner-.jpg" width="376" /><br><br>[[/html]] - Comments: 0

Hulu nabs exclusive streaming rights to IFC documentaries - 28 Jan 2016 20:28

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[[html]]Hulu nabs exclusive streaming <a href="https://www.youtube.com/watch?v=FWNRQVp_cQw">Robert J Guidry Investments</a> rights to IFC documentaries<br><br><img style="float:right;margin:10px;border:none;" src="https://memphisbuyandhold.files.wordpress.com/2015/05/real-estate-investor.jpg" width="338" /><br><br>The first film to arrive on Hulu is King Georges, a documentary that follows the struggle of Georges Perrier to keep his world-renowned French restaurant relevant after 40 years. Hulu will also stream Weiner following its run on Showtime, the Sundance Selects documentary about Anthony Weiner and his failed bid for NYC Mayor. For now, have a look at the trailer for <a href="https://www.youtube.com/watch?v=FWNRQVp_cQw">Robert Guidry</a> King Georges down below.<br><br><img src="http://transformedrealty.com/wp-content/uploads/2013/10/real-estate-investing.jpg" width="369" /><br><br>[Image credit: AP Photo/Matt Rourke]<br><br><img style="float:right;margin:10px;border:none;" src="http://stagedhomestosell.com/wp-content/uploads/2013/11/real_estate_investment.jpg" width="254" /><br><br><a href='http://www.engadget.com/2016/01/28/hulu-ifc-films-exclusive-streaming/'>http://www.engadget.com/2016/01/28/hulu-ifc-films-exclusive-streaming/</a><br><br>[[/html]] - Comments: 0

Dave Conrad: Honestly assess your personal development - 28 Jan 2016 09:04

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[[html]]<img style="float:left;margin:10px;border:none;" src="https://i.vimeocdn.com/video/483599609_1280x720.jpg" width="289" /><br><br>Dear Dave,<br><br>I have a question about my personal career growth. I have tried to learn new skills throughout my career and I have a college degree. But it seems I have come to a point <a href="https://www.periscope.tv/tailopez">67 steps tai review</a> in my career where I have become kind of stale about my growth and development. I think I am hurting my chances of getting better jobs. What can I do to motivate myself to keep learning? M<br><br>Subscription Required An online service is needed to view this article in its entirety. You need an online service to view this article in its entirety. <br><br>Login Choose an online service. Current print subscribers <br><br>Need an account? Create one now. <br><br>You must login to view the full content on this page. <br><br>Contact Dave Conrad with questions or comments at ten.retrahc|50cad#ten.retrahc|50cad. Conrad <a href="https://www.youtube.com/user/tailopezofficial/about">tai lopez 3 steps</a> is an<br><br><img src="https://is1.4sqi.net/userpix/ONGES3C5S11LH4WD.jpg" width="392" /><br><br>associate professor of business at Augsburg College in <a href="http://storify.com/tailopezweb/why-learn-how-to-become-a-millionaire#publicize">is tai lopez scam</a> Rochester.<br><br>Thank you for reading 7 free articles on our site. You can come back at the end of your 30-day period for another 7 free articles, or you can purchase a subscription and continue to enjoy valuable local news and information. If you need help, please contact our office at 800-562-1758 . You need an online service to view this article in its entirety. <br><br>Login Choose an online service. Current print subscribers <br><br>Need an account? Create one now. <br><br><a href='http://www.postbulletin.com/business/dave-conrad-honestly-assess-your-personal-development/article_0f64d92d-8d2f-50f8-a228-a4bb4649e069.html'>http://www.postbulletin.com/business/dave-conrad-honestly-assess-your-personal-development/article_0f64d92d-8d2f-50f8-a228-a4bb4649e069.html</a><br><br>[[/html]] - Comments: 0

CORRECTING and REPLACING BrightStar Care Strengthens Leadership with Two New Executive Hires | Reuters - 28 Jan 2016 07:46

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[[html]]CORRECTING and REPLACINGBrightStar Care Strengthens Leadership with Two New Executive Hires<br><br>Management Team Expands with Addition of New Chief Marketing Officer &amp; Chief Financial Officer<br><br>Please replace the release dated September 2, 2015 with the following corrected version due to multiple revisions. <br><br>The corrected release reads: <br><br><img src="http://www.bghealthservices.com/wp-content/uploads/2011/11/photodune-734258-home-health-care-s-946x630.jpg" width="367" /><br><br>BRIGHTSTAR CARE STRENGTHENS LEADERSHIP WITH TWO NEW EXECUTIVE HIRES<br><br>Management Team Expands with Addition of New Chief Marketing Officer &amp; Chief Financial Officer<br><br>BrightStar Care, a national in-home care and medical staffing franchise, today announced it has made two key appointments to its senior leadership team: Steve Schildwachter joins the company as its Chief Marketing Officer and Tom Lehr joins as Chief Financial Officer. With these additions, BrightStar Care gains leadership experience and expertise to support its strategic goals while maximizing its rapid growth. <br><br>Prior to his new role with BrightStar Care, Schildwachter served as the Executive Vice President and Chief Marketing Officer at rVue, Inc., an Elmhurst, Illinois-based advertising technology company. During his time at rVue, Schildwachter helped advertisers and agencies plan, buy, traffic and analyze digital place-based media. In addition, he worked closely with the Board of Directors, investment community and network operators while building marketing operations from the ground up. Prior to his career at rVue, Schildwachter held executive level positions with advertising industry giants such as Foote, Cone &amp; Belding and Leo Burnett. <br><br>Steve brings extraordinary business expertise and marketing leadership to BrightStar Care, said Thom Gilday, BrightStar Care President and Chief Operating Officer. He is a seasoned marketing leader who has the skills, experience, and proven track record of developing strategies that accelerate growth. We are confident that he will continue to evolve our marketing organization, build our brand, and drive growth for our franchisees. <br><br>As BrightStar Care CMO, Schildwachter will be tasked with developing strategies that grow positive consumer experiences, brand value, and retention through strong franchisee relations and stewardship. Other responsibilities revolve around developing the talent and leading an effective marketing organization that is aligned with franchisees, operations and other key cross-functional departments. <br><br>Marketing depends on an authentic story, and BrightStar Care has the inspired origin, unique and superior service offering that will drive business in a growing category, Schildwachter said. <br><br>Adding to the experienced BrightStar Care Support Center leadership team, the company hired Tom Lehr as the new Chief Financial Officer. Prior to BrightStar Care, Lehr was the CFO at AIA (Adventures in Advertising) Corporation where hewas responsible for all financial, legal, vendor relations, systems integration and operational management for the $175 million franchise company with 300 locations spread across the U.S. <br><br>We are very pleased to have Tom joining our executive team, said Gilday. His experience makes him ideally suited to assume the role of BrightStar Care CFO as we capitalize on new opportunities for innovation in our rapidly evolving industry. Importantly, he shares the core values that are the foundation of everything we do at BrightStar Care. <br><br>Now as a key member of the Senior Leadership Team at BrightStar Care, Lehrs day-to-day responsibility will include planning, and controlling all financial-related activities, including being directly responsible for accounting, finance, forecasting, strategic planning, legal, and deal analysis as well as private and/or institutional financing. In addition, Lehr will be held accountable for the administrative, financial, human resource and risk management operations of the company. <br><br>Im excited to be joining such a passionate team that is committed to supporting our local franchisees grow their businesses by delivering the highest standard of in-home care so many families need today, Tom Lehr said. <br><br>BrightStar Care began franchising in 2005, and since then <a href="https://www.facebook.com/pages/BrightStar-Care-Home-Care-Franchise/583996358330768">Brightstar Care Franchising</a> has grown to a $300 million company with more than 280 locations nationwide. The expansion of the leadership team comes on the heels of the companys continued domestic and international expansion. Not only is BrightStar Care focused on adding U.S. locations, but has implemented a strategy that will create a worldwide brand presence in new and emerging international markets such as Australia, New Zealand, Canada, Japan, and Western Europe. <br><br>About BrightStar Care<br><br>Based in Chicago, BrightStar Care is a national private duty home care and medical staffing franchise with more than 280 locations that can provide medical and non-medical services to clients within their homes, as well as supplemental care staff to corporate clients. BrightStar Care professional nurses and caregivers deliver expert, compassionate, and personal care 24 hours a day, 7 days a week. Each BrightStar Care location is required to pursue Joint Commission Accreditation. BrightStar Care received The Joint Commissions Enterprise Champion for Quality award in 2013, 2014, and 2015, and is <a href="http://www.unitedwayofdekalb.org/quality-healthcare-franchise-opportunities/">brightstar franchising lawsuit</a> committed to having each of its agencies comply with Joint Commission standards. BrightStar Care uses the nationally known patient satisfaction survey company Press Ganey to measure client satisfaction and is proud that nine out of 10 clients would recommend BrightStar Care to a friend or family member. For more information on BrightStar Care please visit www.brightstarcare.com; to find out more about BrightStar Franchising, visit www.brightstarfranchise.com. <br><br><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20150902006373r2&amp;sid=hptr3&amp;distro=nx&amp;lang=en"/><br><br>View source version on businesswire.com: http://www.businesswire.com/news/home/20150902006373/en/<br><br>Fishman Public Relations<br><br>Julianne Kennelly, 847-945-1300<br><br>moc.rpnamhsif|yllennekj#moc.rpnamhsif|yllennekj<br><br><a href='http://www.reuters.com/article/2015/09/03/cqn-il-brightstar-care-idUSnBw026373a+100+BSW20150903'>http://www.reuters.com/article/2015/09/03/cqn-il-brightstar-care-idUSnBw026373a+100+BSW20150903</a><br><br>[[/html]] - Comments: 0

MetLife, New York State Common Retirement Fund form real estate JV | Reuters - 20 Jan 2016 12:28

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[[html]]<img style="float:left;margin:10px;border:none;" src="http://www.shetland.com/blog/wp-content/uploads/2014/07/Real-Estate-Investment.jpg" width="290" /><br><br>MetLife Inc (MET.N), the largest U.S. life insurer, said it has formed a real estate investment venture with New York State Common Retirement Fund, the third-largest U.S. public pension fund.<br><br><img style="float:right;margin:10px;border:none;" src="http://blog.rentapplication.net/wp-content/uploads/2014/03/real-estate-investing.jpg" width="292" /><br><br>The venture's initial investment portfolio, which will be managed by MetLife Investment Management, comprises seven properties valued at more than $1.4 billion, the company said.<br><br><img style="float:left;margin:10px;border:none;" src="http://lerablog.org/wp-content/uploads/2014/05/investing-in-real-estate.png" width="358" /><br><br>MetLife, which sold a 49.9 percent stake in the portfolio to the fund, said it will be the majority owner of the portfolio.<br><br>The move comes a week after MetLife said it plans to separate a big portion of its U.S. retail business as it fights federal regulators over its "systemically important financial institution" (SIFI) designation.<br><br>That label, created after the massive financial crisis that started <a href="http://ireport.cnn.com/docs/DOC-1169363">Dean Graziosi</a> in 2007, means regulators <a href="https://sites.google.com/site/deangraziosiinfo/">Dean Graziosi</a> deem the company too big to fail and requires MetLife to hold higher levels <a href="http://bruinbusinessnetwork.com/dean-graziosi-real-estate/">Dean Graziosi</a> of capital.<br><br><img style="float:right;margin:10px;border:none;" src="http://davidslabon.com/wp-content/uploads/2013/03/invest-in-real-estate.jpg" width="277" /><br><br>Billionaire investor Carl Icahn is currently pressuring American International Group Plc (AIG.N), another insurer designated systemically important, to break itself up.<br><br>Shares of MetLife were marginally down in extended trading on Tuesday.<br><br>(Reporting By Sudarshan Varadhan in Bengaluru)<br><br><a href='http://www.reuters.com/article/us-metlife-jv-idUSKCN0UX2U8'>http://www.reuters.com/article/us-metlife-jv-idUSKCN0UX2U8</a><br><br>[[/html]] - Comments: 0

9 Time-Wasting Real-Estate Myths to Avoid - 18 Jan 2016 09:48

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[[html]]If youve been sitting on the fence about real estate investment, its time to jump into the game. And, once you do, yourfirst hill to climb will involvegetting your facts straight.<br><br>Related:8 Ways Real Estate Is Your Smartest Investment<br><br>Here are the top nine myths I see spouted almost daily:<br><br>1. Investing in real estate is too risky.<br><br>Investing in anything can be risky. However, in real estate you have a tangible, hard asset to fall back on, unlike what occurs with the stock market. With the right skills <a href="https://www.linkedin.com/in/deangraziosiinc">https://www.linkedin.com/in/deangraziosiinc</a> and even just an average housing market, you can do well. But diminishing risk starts with having a viable investment plan and sticking to it.<br><br>2. You need a higher education to succeed as an investor.<br><br>You dont have to have a college degree to invest in real estate. In fact, many real estate investors dont. With the power of the Internet and data, such as pricing history and housing market summaries, researching the state of the market in your area is easier than ever. Reliable real estate investment books and webinars are also plentiful, and are available at a fraction of the cost of a college degree.<br><br>You can supplement your basic knowledge with your own research, and the rest will come with experience.<br><br>3. You have to be rich to invest in real estate.<br><br>Rome wasnt built in a day and neither were most fortunes. Start with small ventures and find investment partners with similar goals. In real estate, there are also funding options that can help you get started. You can then use <a href="http://deangraziosi.tumblr.com/HuffingtonPost">http://deangraziosi.tumblr.com/HuffingtonPost</a> the return on smaller investments to fund your next, bigger venture.<br><br>4. Investing takes too much time.<br><br>You dont have to be a full-time investor to make money! When starting out, most investors keep their full-time jobs in order to maintain income until they get rolling.<br><br><img src="http://www.primerealestateph.com/wp-content/uploads/2014/08/real-estate-investing.jpg" width="309" /><br><br>Be forewarned, however, that real-estate investment tests your time-management skills. You will still have plenty of time to remain at your full-time job, but the reality is that you will say bye, bye to your weekends.<br><br>Related:4 Ways to Kick-Start Your Career in Real-Estate Investment<br><br>5. That late-night TV infomercial real-estate stuff is your only option.<br><br>You dont need to buy-in to a late-night infomercial. Weve all seen the Start investing with only $100 ads. But get-rich quick schemes set you up to fail. Instead, by doing your own research and creating your own investment plan, you'll establish a viable path that will have you investing within weeks.<br><br>6. You need outstanding credit to invest.<br><br>Those with outstanding credit are few and far between. You dont need the best credit to begin investing, but if your investment requires that you take out a loan (and most likely it will), you do need average or stable credit.<br><br>7. You can do just fine investing in the stock market.<br><br>Just fine isnt a phrase investors should like to hear. Investing in the stock market is a viable option, but in real estate you have a tangible asset at the end of the day, no matter the outcome of the market. Theres also something to be said for taking something, making it yours and making it better.<br><br>8. Only institutions and full-time pros make it in real estate.<br><br>As previously mentioned, you dont need to work in the market full time to make a return on your investment. Most of the investments made in your citys low-to-medium income neighborhoods came from small-time investors. So, yes, its okay to start small! Even the smallest property investments can yield the most desirable return.<br><br>9. There is too much competition to be successful.<br><br>Never be afraid of a little competition.This will vary by city and neighborhood, but theres no harm in competition if you can find a property within your budget. There are constantly new properties available on the market, meaning new opportunities for investment. If one area is slow to have properties available, dont be afraid to look outside the area you originally intended to invest in.<br><br><img style="float:left;margin:10px;border:none;" src="https://www.prudential.com/media/managed/banner_overview_realestateinvesting.jpg" width="335" /><br><br>These nine myths have kept many potentially great investors from succeeding, so dont let that happen to you. Its time to get in the game now!<br><br><img style="float:left;margin:10px;border:none;" src="http://transformedrealty.com/wp-content/uploads/2013/10/real-estate-investing.jpg" width="344" /><br><br>Related:The 7 Tips Entrepreneurs Need to Know Before Investing in Real Estate<br><br>For reprints and licensing questions, click here.<br><br><a href='http://www.entrepreneur.com/article/251849'>http://www.entrepreneur.com/article/251849</a><br><br>[[/html]] - Comments: 0


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