Real Estate

Last week I finished the book “Packing for Mars” by Mary Roach. It’s a fascinating read detailing the lesser known aspects of the past, present, and future of space exploration. As a planet, we’ve lost steam in recent years, but we’ve still accomplished awe inspiring tasks: putting a man on the moon, sending a probe out of our solar system, and driving a dune buggy on Mars. I seek out real life examples worth following, and if this program doesn’t qualify, I’ve no idea what does. So…what can rocket scientists teach us about real estate investing?

Broadcast your goals

One of the most famous speeches was JFK’s space race speech. As it should be. It set the biggest, hairiest, most audacious goals (BHAG) possible. The term BHAG was coined by James Collins in “Built to Last.”

Why is a BHAG important? Because people yearn to be a part of greatness.

JFK’s challenge caught the imagination of the entire nation and pushed them to achieve something they hadn’t imagine possible. And it worked.

Our goal: invest 100 million USD in real estate by January 1st, 2019.

Thanks to BiggerPockets I’ve got a soap box to broadcast my goal from, and people are coming out of the woodwork to lend a helping hand.

Watch Out for Sloppy Cranes

Ms. Roach tells the story of modern Japanese astronaut screening. No longer do governments seek adrenaline seeking fighter pilots willing to risk life and limb for glory. The reality of space flight is: it’s boring as hell. Spending day after day in the metallic, sterile, cramped, and crowded International Space Station can take its toll.

The Japanese space program locks candidates in a room together for months or even years without break, while monitoring them every second. …read more