Tag: North Texas real estate

  • You Don’t Know Who’s Swimming Naked Until the Tide Goes Out

    You Don’t Know Who’s Swimming Naked Until the Tide Goes Out

    (This one needs a big fat disclaimer: I’m not a CPA, licensed securities professional, an attorney, or anything like that. I’m a real estate broker. I shoot straight, but none of this is legal or financial advice. You should consult the relevant professionals in those fields should you have questions. All of this is for informational purposes only.)

    Real estate cycles run longer than stock market cycles.

    That’s because real estate isn’t liquid.

    When stocks fall, you can still sell. There’s always new retirement money flowing in, keeping things moving.

    (yes, it’s by design that the least sophisticated investors basically have no other option but to sink their 401k money into the stock market. He who has ears to hear, let him hear.)

    But in real estate, when the market turns, the buyers disappear.

    And that’s when you find out who was actually making money because they were good — and who was just making money because prices were going up.

    We’ve been in an expansion phase for a long time.

    For most people in the business today, the only market they’ve ever known is a rising one.

    That creates a specific kind of confidence: The kind that comes from never being tested.

    The people who look the smartest in an up-market aren’t usually the best operators.

    They’re the ones taking the most risk.

    Leveraged to the hilt. Borrowing against deals to buy more deals. Investors nodding along because so far everything has worked.

    And yes — some promoters are already doing things their investors don’t know about.

    (I don’t know about anything specific so nobody call their lawyers…it just happens all the time)

    When everything goes up, nobody asks questions.

    When everything stops going up, everyone asks questions at once.

    That’s when the tide goes out.

    And then you’ll hear the stories:

    • “We didn’t know.”
    • “Nobody could have seen it coming.”
    • “We trusted the wrong guy.”

    And some of those investors really will lose everything. Because they either didn’t ask enough questions, or didn’t want to hear the answers.

    Warren Buffett said:

    “You don’t know who’s swimming naked until the tide goes out.”

    He’s right.

    But the part people forget is this:

    The down is always faster than the up.

    So pay attention to who you’re trusting — not just what the deal looks like.

    Because a good deal with the wrong manager is a bad deal. And if you aren’t sure they’re trustworthy?

    Assume they aren’t.

    There are plenty of good deals out there.

    Make sure you’re in one of those.

    PS: I offer free value analysis on any land or lot property (not houses).

    You’re probably not looking to sell today —

    but the time to prepare is before you need to.

    There’s no charge, and there’s no downside to having current market info.

    Is it ever a bad idea to start getting to know honest people who deal in what you already own?

    Click below:


  • The Door Is Open — But Will You Walk In?

    The Door Is Open — But Will You Walk In?

    Jesus said:

    “Truly I tell you, unless you change and become like little children,
    you will never enter the kingdom of heaven.” — Matthew 18:3

    That’s not soft language.

    He doesn’t say it would be helpful to be more childlike. He doesn’t say you’ll grow more spiritually if you do. He doesn’t say this is one recommended spiritual posture among many.

    He says unless you change — you will not enter.

    And notice what He doesn’t say.

    He doesn’t say God will refuse you. He doesn’t say you’ll be kept out.

    He says you will not enter.

    Meaning the barrier isn’t at the gate — it’s in the heart.

    It will be your decision.

    Like the older brother in the Prodigal Son account. He was invited into the celebration. The Father wanted him there. The door was open.

    But he would not enter.

    Not couldn’t. Would not.

    Because he wanted the Kingdom on his terms — through merit, performance, and proving himself.

    That’s the tragedy Jesus is pointing to. Not rejection — refusal.

    So the real question becomes:

    What has to change?

    Jesus is not telling us to be childish, naive, or irresponsible.

    Children are not models of wisdom. They are models of dependence.

    A child knows they cannot provide for themselves. They know they are not in control. They know they need the one who loves them. And they are not embarrassed to need Him.

    Adults are.

    Adults spend years constructing a version of themselves that doesn’t need anyone. We build our identities on competence, independence, and control.

    We want to come to God having it all together.

    But the Kingdom is not something we achieve by becoming stronger. It is something we receive by becoming honest.

    A child can receive love because they are not ashamed to need it.

    They don’t apologize for asking. They don’t try to earn it first. They simply trust the Father.

    This is the change Jesus is talking about — the collapse of the part of us that believes we can handle life without God.

    The part that wants to negotiate. The part that wants to understand before obeying. The part that wants to feel in control before moving.

    To become like a child is not to become simple-minded — it is to stop performing.

    To stop pretending we can be righteous on our own.

    To stop approaching God as a business partner, or a distant authority, or a system to manage.

    A child doesn’t ask for the plan. A child reaches for the hand.

    The change Jesus requires is not intellectual.

    It is relational.

    It isn’t about becoming smarter. It’s about becoming truthful.

    Remember when Jesus washed the disciples’ feet.

    They didn’t ask Him to. They didn’t think they needed it.

    Peter even tried to refuse.

    Because letting someone wash you means admitting you need washing.

    It means letting go of dignity, pride, and control.

    But Jesus told him:

    “Unless I wash you, you have no part with Me.”

    Same message. Same Kingdom. Same invitation.

    You don’t wash yourself first.

    You let Him wash you.

    The Kingdom belongs to those who know they need the Father — and are no longer embarrassed to say so.

    You don’t clean yourself up before you come.

    You come — and He does the cleaning.

    You’ve been invited.

    Just go in.

    P.S. If you don’t have a Bible you’ll actually use, get one.

    Not the fancy kind that sits on a shelf.

    One you can keep open, mark up, and read.

    You can find one here:

    (Disclosure: As an Amazon Associate I earn from qualifying purchases. Clicking that link may earn me a small commission, at no extra cost to you.)

  • Assume the Position (in the Poorhouse)

    Assume the Position (in the Poorhouse)

    In the run-up to the 2008 banking crisis, lots of land investors bought future development tracts using bank debt. Which they predictably lost when market appreciation paused and they couldn’t sell their way out of the deals (or refinance them).

    Typically the way it plays out: the bank gets the property back through foreclosure, and then tries to sell it for “what they have in it.”

    The problem is, if it was worth that number, the previous owner would have sold it rather than losing it. Nobody just hands the keys back for fun.

    So the property sits until the bank gets realistic.

    I remember one deal like this in northern Collin County. About 360 acres, if I remember right.

    At the time it was considered “out there.” Not many rooftops, not much heat. And the asking price was still high. It came down a little. And I thought of someone who might be a buyer.

    Then I made the classic mistake.

    I thought, there’s no way he’d be interested at that price.

    So I didn’t call him.

    Didn’t ask.

    Didn’t even give him the chance to tell me no.

    You already know what happened next.

    Next time I checked, ownership had changed. The guy I assumed wouldn’t be interested had bought it.

    By assuming, I cost myself a very healthy commission.

    Now—was I wrong about the price? Maybe, maybe not.

    Doesn’t matter.

    What mattered is I didn’t ask. I didn’t get inside his world. I stayed in mine. I let my assumptions do the thinking for me.

    Jim Camp talks about this in Start With No.

    Don’t assume you know the other side’s situation, pressures, desires, timeline, needs, or reasoning.

    Even if you’re familiar with them.
    Even if you think you’ve seen the pattern before.
    Even if you would feel the same way in their shoes.

    Because you are not in their shoes.

    And you can’t negotiate or sell or advise effectively while standing in your own.

    You have to ask. You have to get curious. You have to go find out what’s real — for them.

    Sometimes that means you hear a quick “no.”

    Sometimes it means you hear something surprising.

    In my case, it would have meant a check.

    I did end up with a good dove hunting spot for a few years, until it got covered up with houses. (It’s not “out there” anymore.) But the lesson was better than the hunting:

    Don’t assume. Ask.

    PS — (here it comes again…)

    I’ve been flogging Start With No and Never Split the Difference all week. I’ll give it a rest after today. (No promises on how long.)

    Maybe you’re tired of hearing it. But if you knew something that would help me and didn’t tell me, would that be right?

    Negotiation touches every part of our lives. Even the boring everyday stuff — where to go for dinner, whether the kids get ready on time, who picks up the dog from the groomer. It’s all negotiation.

    If you get better at it, your life gets easier.

    Sometimes by a little.

    Usually by a lot.

    Get it here:

    (Disclosure: As an Amazon Associate I earn from qualifying purchases. Clicking that link may earn me a small commission, at no extra cost to you.)

  • They Don’t Have Negotiating Class in Sportswriter School

    They Don’t Have Negotiating Class in Sportswriter School

    Earlier this week, the Cowboys made a couple of trades to (hopefully) improve their defense.

    They’re 3-5-1 after Monday, and it’s getting close to the point where you start quietly thinking about next year.

    Which is pretty much what these trades were: all the guys they brought in are under contract for multiple seasons.

    Will it work out? Would it have been better to keep the picks?

    We’ll see.

    But Monday, I heard something on the pregame show that made me shake my head in that special “man, sportswriters…” way.

    (You know the line — people go into sportswriting because they aren’t smart enough to do anything else.)

    Anyway.

    They were talking about how Jerry had already said a trade was agreed to, but the paperwork wouldn’t be submitted until the next day.

    The writer pointed out that if the Cowboys won, the other team could decide they now had more leverage and try to squeeze Dallas for more compensation before sending the paperwork in.

    Technically true.

    In the same way it’s technically true you could decide to jump your car across a creek like you’re in The Dukes of Hazzard.

    Possible. Just not real likely. Not if you want to have a car anymore.

    Because in real business — and in the NFL — a deal is a deal.

    In real estate we call it a re-trade when someone comes back after the agreement and says, “Actually, I want to change the price/terms.”

    But often it’s just someone trying to take advantage of what they think is new leverage.

    And while it might be legal, it’s a great way to find yourself at the bottom of everyone’s call list.

    Commercial and institutional real estate is a very small world. We all work with each other over and over.

    If you get a reputation as someone who can’t be trusted, that follows you.

    Same thing in the NFL. There are 32 teams. That’s it.

    If you go back on your word, everyone knows it, and you don’t get deals done anymore.

    So no, Cincinnati wasn’t going to try to hold the Cowboys hostage after the game.

    Not if they want the phone to ever ring again.

    Now — a lot of people who read this aren’t buying or selling property all the time. They might only do one deal in their entire life.

    So what’s stopping them from playing games?

    Nothing, technically.

    But it’s still not smart.

    Because if you’re willing to bend your ethics “just this once,” it rarely stops there.

    It bleeds into your business. Your marriage. Your friendships. Your reputation.

    Which is all just another way of saying: your life.

    If you can’t be trusted in small things, you can’t be trusted in big ones either.

    And no “good deal” is worth that.

    PS – I’ve been hammering this all week: strengthening your negotiation skills will improve pretty much every area of your life.

    The best negotiation books don’t teach tricks, they teach behavior.

    Principles.

    Empathy (look it up, it doesn’t mean what most people think).

    Understanding the other person’s world.

    If you want to learn how to negotiate without being a jerk, start here:

    You can find them (and a few others I recommend) right here:

    (Disclosure: As an Amazon Associate I earn from qualifying purchases. Clicking may earn me a small commission, at no extra cost to you.)

  • And It’s Back!

    And It’s Back!

    This one was off the market for a bit.

    But it’s back as of this afternoon.

    If you’ve been looking for a custom home lot in The Bridges at Preston Crossing, this is a good one.

    .35 acres backing up to the 7th tee of the Fred Couples–designed course.

    Homes are already built on both sides, so you don’t have to gamble on what gets built next door.

    No timeline to build. Bring your own builder.

    Gunter ISD.

    This is a golf course lot in a fast-growing community where land isn’t getting cheaper.

  • You Blew It. Big Time. Now What?

    You Blew It. Big Time. Now What?

    I’ve been writing the last few days about planning, breaking things down to small pieces, and controlling what you can control.

    But even with that, it can still go sideways.

    But what about when you just blow it?

    We’ve all made a bad call in the middle of something important.

    Said the wrong thing. Picked the wrong strategy. Misread a person.

    Maybe you got caught off guard and went along with something you shouldn’t have.

    Maybe you pushed too hard when you should have asked one more question.

    It happens to everybody. Even when you plan well, think clearly, and go in with the right mindset.

    The issue isn’t really the mistake. The real issue is what happens after the mistake.

    Most people go into a kind of self-punishment spiral. They relive it in their head while they’re still in the middle of the situation.

    They start questioning themselves.

    They start “trying” harder.

    Their emotions creep in.

    And then they make a second mistake. Then a third. Before long the whole thing has rolled downhill.

    Jim Camp talks about this in Start With No. His point is that once a decision is made, it’s made.

    You don’t go back and replay it in the moment. You move to the next action.

    No dwelling. No self-judging. No rewriting the past while you’re still in the middle of the mission.

    There’s a sports version of this that makes the idea even clearer.

    Think about a cornerback in football. A corner can be perfect on 58 plays and get beat once — and that one play might be a touchdown on national TV that everyone remembers.

    It’s a tough position. You’re exposed. Everyone sees your mistakes.

    If they get beat on a route and spend the next five plays stewing about it — they’ll get beat again. And again.

    Because their attention isn’t on the next snap anymore. It’s on the last one.

    But the good ones don’t pretend the mistake never happened. They don’t ignore it. They just wait to deal with it.

    After the game, they’ll go to the film room. Slow everything down. Look for what tipped the receiver’s route. Study how their hips opened. Look at footwork and spacing. Then they learn from it.

    But not during the game.

    During the game, all that matters is the next play.

    And it’s the same everywhere else — business, negotiation, family, anything that matters.

    You’re going to make mistakes. Even with good planning. Even with experience.

    Even when you know better.

    The key is not to drag the last mistake into the next decision.

    Handle the moment you’re in. Then, when it’s over, look back honestly and learn from it.

    One snap at a time.

    PS- You’re probably tired of me flogging these books. But if you actually bought one you wouldn’t be.

    For one you’d probably still be busy reading it. But mostly, you’d understand why I keep hammering on it.

    They are that good.

    If I know of something that will help you and don’t keep telling you about it, what does that say about me?

    Click below and pick one, you won’t be sorry.

    (Disclosure: As an Amazon Associate I earn from qualifying purchases. Clicking that link may earn me a small commission, at no extra cost to you.)

  • You Know What They Say About God and Your Plans

    You Know What They Say About God and Your Plans

    Yesterday I wrote about having a plan — preferably written — and sticking to it. Things go smoother that way.

    You control what you can control. You stay on track.

    So you probably won’t be surprised at how things went yesterday.

    My morning routine is pretty normal: Get up, coffee, talk to the kids while they’re getting ready, look over my to-do list, add a couple things I thought of overnight. Nothing crazy.

    For a Monday, it didn’t look like a heavy day.

    I even thought I might get ahead a little in the afternoon — knock out a couple of things scheduled for later in the week.

    Write down the plan, work the plan, stick to the plan.

    And then I left the house.

    About five minutes down the road I heard a noise. Checked when I parked. Sure enough: screw in the tire.

    So the plan changed. New plan: go to the tire shop.

    The good news: the tire was patchable and didn’t cost anything.

    And while I was there, they rotated the tires — something I’d been meaning to do for a while but never wrote down.

    And since it was never written down… it never happened.

    Another reminder: If you want it to happen, write it down.

    I still got the important tasks done yesterday. Just not the “get ahead” ones I had in my head when I left the house.

    So I’m calling it a successful day.

    Plus I got a refresher on something I have to remind myself of often:

    You can control what you can control. But something can always show up and blow up your plan.

    I’m not always great in the moment when that happens. But I am pretty good at getting back to execution mode quickly.

    And that’s usually what matters. I accomplished what I needed to accomplish.

    And if something goes sideways?

    I’ll handle it.

    PS — Like I was saying yesterday, negotiation touches every part of your life. If you get better at that, almost everything improves.

    If there’s a negotiation book better than Start With No by Jim Camp, I haven’t found it. I read it once a year.

    It’s less about tricky tactics and a lot more about managing your own behavior and reactions — which is the real game. Just like what happened above.

    If you want to check it out, along with a couple others I recommend, here’s the link:

    (Disclosure: As an Amazon Associate I earn from qualifying purchases. Clicking that link may earn me a small commission, at no extra cost to you.)

  • They Give Agendas a Bad Name

    They Give Agendas a Bad Name

    I think Jim Camp’s Start With No is one of the best negotiation books out there.

    (If you’ve been reading here for any length of time you know this, since I talk about it regularly.)

    One thing everyone should remember is just about everything in your life involves negotiation in some way:

    How much you get paid.
    Your work conditions.
    Getting your kids ready on time without a meltdown.
    Where to go for dinner.
    Which movie to watch.

    Almost everything.

    So if you can improve your negotiating skills, you can improve most areas of your life.

    And the system Camp lays out in that book is a real game changer. Once it clicks, it feels like the whole thing shifts.

    Like you’re suddenly playing a different game.

    One of the biggest concepts in the book is this:

    Have a Mission and Purpose for what you’re doing.

    And for every action you take toward that mission — have an agenda.

    I know. The word “agenda” has gotten a bad reputation.

    Mostly because city councils, school boards, and various committees have managed to drain every ounce of intelligence out of the term.

    But the tool isn’t stupid. The way they use it is stupid.

    There’s a difference.

    Camp says your agenda should be written. I’ll admit — I’m not always perfect with that part.

    But the point is the same:

    Have a plan. And stick to the plan.

    Even on small things.

    If you’re making a phone call to set up a meeting — write down the purpose of the call.

    If you’re sending an email — write down exactly what you want to accomplish.

    Not what you hope will happen.

    Your goal must be something you are 100% in control of.

    If you don’t control it, it’s not a goal — it’s a hope.

    For example:

    Your agenda is not to get a certain answer. You don’t control what the other person says.

    Your agenda is to ask the question in the clearest, most direct way possible. That you control.

    Break things into the smallest pieces possible.

    Then manage your actions by having simple agendas — basically written instructions for yourself.

    Track what you do, and you’ll hit your objectives far more often.

    That’s the whole trick.

    PS – This isn’t the whole system, of course. But the book details how controlling our own conduct goes a long way toward getting the results we want.

    The tactics and negotiation “moves” are in there too — but once the behavior principles are right, the tactics matter way less.

    It’s not about strong-arming anybody, being a jerk, pretending to be tough, or playing power games.

    It’s the opposite of that.

    I re-read it at least once a year. It’s that good.

    (Disclosure: As an Amazon Associate I earn from qualifying purchases. Clicking that link may earn me a small commission, at no extra cost to you.)

  • Obedience Before Understanding

    Obedience Before Understanding

    Awhile back I got a little irritated with one of my kids.

    Which one? Doesn’t matter.

    The same basic situation has happened with all four of them. (And if you have kids I promise you’ve had the same experience.)

    Anyway here’s the story:

    We were planning to go somewhere. About a half hour away. Which she knew.

    But I needed to make a stop along the way, so I told her to be ready an hour earlier than we’d normally leave.

    She said “okay” and I went on about my business.

    Did I explain why? No. Should I have? Maybe.

    But you know how it goes — if I explained every single why behind everything I do, I’d never get anything done.

    Anyone want to guess what happened next?

    Time to leave rolls around…

    She’s not ready.

    Which put me in a bind. So I was frustrated, and I explained then why we had to leave early.

    To which she replied:

    “Well I didn’t know that.”

    So I walked off thinking:

    I wouldn’t have told you to be ready early for no reason. Why couldn’t you just do what I asked even if you didn’t understand why?

    And then it hit me.

    God probably feels the same way about me.

    We’ve all had times where we feel like God wants us to do something — or not do something — and it doesn’t make sense to us.

    We think it would be better if we did it our way.

    Our timing. Our understanding.

    Pretty presumptuous when you think about it.

    Whenever something doesn’t line up with how we think it should go, we assume the instructions are wrong — instead of assuming we might be the ones who don’t see the full picture.

    But God doesn’t think like we do.

    I remember realizing in that moment that I was the one who needed to learn obedience just as much as she did. Maybe more.

    Have I gotten any better?

    I like to think so.

    But if I’m being honest — probably not nearly where I should be. Stubbornness is my superpower, and it doesn’t always serve me well.

    But I’ll keep trying.

    And I won’t give up.

    PS: I’ve mentioned this before, but having a physical Bible matters.

    Most people who own one don’t read it much. And most who do read Scripture only do it when it’s put in front of them on Sunday.

    But there have been studies showing that people who read their Bible at least 4 times a week have lower rates of depression, anxiety, addiction, and other issues.

    It’s a spiritual discipline with physical benefits.

    Reading or listening online is fine — until it isn’t.

    If access to digital content went away for any reason… what would you have?

    A physical Bible isn’t expensive.

    And it doesn’t require Wi-Fi.

    (Disclosure: As an Amazon Associate I earn from qualifying purchases. Clicking that link may earn me a small commission, at no extra cost to you.)

  • Whoever Says It’s a “Game of Inches” Probably Just Lost

    Whoever Says It’s a “Game of Inches” Probably Just Lost

    With the World Series happening, I’ve been thinking about some of the clichés you hear when people talk about baseball.

    A lot of them sound good.

    They feel like the kind of thing a manager or announcer is supposed to say.

    But if you watch what they do, it doesn’t always line up with the words.


    Managers always preach catching the ball.
    But in the real world: hitting is the hardest thing in sports.
    If a guy can hit, they will find a way to get his bat in the lineup.
    Hopefully he’s a DH. But just as often he’s a butcher in left field. But he’s out there.
    Meanwhile, the glove-first guy who can’t hit? He’s on the bench.
    He comes in late when you’re already winning.


    Supposed to mean bunting, stealing, hit-and-run, etc.
    The things that show discipline and “team baseball.”
    Except the analytics guys figured out those moves usually reduce run scoring.
    And fewer runs = fewer wins.
    So now most teams sit back and wait for the three-run homer.


    This one is basically circular.
    If a pitcher throws great and wins, we credit the pitching.
    If he throws just as well next time and gets lit up, now we say the hitters “made adjustments.”

    This is what just happens when experts are required to explain themselves to non-experts.

    You can’t say, “Well, hitting and pitching outcomes are highly variable and luck plays a larger role than most fans want to believe.”

    So instead: clichés. Buzzwords. Phrases that smooth everything over.

    And that’s fine for baseball. The stakes are entertainment.

    But in real life — especially when you’re talking to realtors, salespeople, consultants, or anyone positioned as an “expert” — buzzwords can be a way to hide ignorance or mislead you.

    If someone sounds confident, but can’t explain what they’re saying when you ask them to slow down?
    That’s not expertise. That’s just talking.

    So here’s the move:

    Ask one or two simple, pointed questions.

    If they take it in stride and explain clearly?

    You’re probably dealing with someone who knows what they’re doing.

    If they get defensive, vague, or irritated that you questioned them?

    You’ve already got your answer.

    I get it — not everyone is cut out for uncomfortable conversations. But there’s a way to avoid that problem entirely:

    Start early. Long before you actually plan to sell.

    Begin talking to brokers, and be up front about not being ready.

    The good ones will be happy to talk — and you’ll start building real trust.

    The shady ones?

    If they can’t make money immediately, they won’t spend much time on you.

    Which tells you everything you need to know without you having to push.

    Selling is a significant financial event — no way around that.

    So is it ever too soon to make sure you get it right?

    Click below.