Part 1 of 2
Passed along to us and written by T. Walter Brashier, a very successful real estate investor and developer. He gives credit to his father Ralph Brashier and others he has met along the way for these points of wisdom.
1. Let your word be your bond. Think before you speak, but when you tell a person something, do it, even if it costs you, keep your word, have credibility. But remember…
2. Plain talk is easy to understand. “Never beat around the bush,” because..how can you give a man “your word, your bond” if a man does not understand perfectly what you are talking about? Remember..
3. A good understanding is better than a misunderstanding. But after you have a good understanding remember..
4. The shortest pencil is better than the longest memory. Write it down..because even the best friend, six months later you or they may say, “I don’t remember the deal the same way you do”. Remember..
5. Strong contracts make strong friends. Nothing will destroy a friendship or a business relationship quicker than for one to say: “that was not what I thought our agreement was”..either as remembered by you or the other party.
6. Never buy anything at the other man’s price, if it is not your own price, whether it is real estate or any other product you are interested in. Because…
7. Anything “well bought” is “half sold”.
To be continued..