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Driscoll Enterprises Inc.

Investing in You and Your Future!

 

Issue 56 - February 2016
In this issue
Dear Family and Friends, (by Kevin)  

Well spring is on the way!  We've had a couple of days in a row that got into the 60's and it feels great to get out into the sunshine again.  What a change from last month's big snow fall.

My consulting assignment came to an end this month and I can honestly say the team I lead provided the company a superior product.  They will win.  

In any case, 12 hour days working on someone else's dream is not what I want to be doing the rest of my life so, while I am still going to do the consulting work, we are actively pursuing real estate investments.  In particular, Self-storage facilities, Mobile Home Parks, and Apartment complexes, in that order of preference.  We are looking for people who have an interest in partnering with us on these types of opportunities so just contact us if you are interested.

Mary Jane and I were blessed to be able to spend three days just outside New York City with our coaches and like minded entrepreneurs. It was a great opportunity to re-charge our spirits and fine tune our focus on combined targets.  We our looking forward to our next meeting in April, in Orlando where we will get to see Kevin and Claudia and their children for a couple of days.

Mary Jane and I celebrated our 39th wedding anniversary this month.  What a wonderful adventure we are having.  Of course we have our challenges but because we are so committed to each other we can overcome anything.  I love her very much AND she is my best friend.

Mary Jane discovered that Valentine's day and our Anniversary were not actually days where chocolate had no calories as I had indicated so she did not release any weight in February.  I was able to release 8.5 pounds during the month.  This after gaining much weight on the stressful consulting gig.  I very happy to be headed in the right direction again and feeling better. 

We have secured our vacation spot in Maine this year.  I am really looking forward to being with family and friends, fresh wild blueberries, swimming, kayaking, sailing, hiking, sightseeing, and in general getting a good dose of the way life ought to be.  Have you got your summer trip planned?  They say anticipating your vacation is almost as enjoyable as it is to be there.  Give it a try.

Quote of the Month, "Show up based on where you want to go, not where you are." - Paul Finck,

I love this one.  Some trainers say "fake it until you make it" however I think that saying can miss the critical elements of sincerity and honesty that are necessary to reach your targets.  Why are these necessary?  Because there will be challenges to overcome along the way and only with sincere desire and honest effort will those challenges be overcome. 

    
Live an Amazing Life!   Mary Jane and Kevin 
Education Corner
(By Kevin)
 
DISC is it for you?  It better be.
We are all in the business of selling whether you know it or not.  If you ask someone on a date or want to be asked on a date, you are involved in a selling activity.  Maybe the most important one of your life. 

Every time I meet with a potential partner, a client, a potential employer, or even a property seller I am in a selling activity.  What am I selling, well, me!  Will they like and trust me enough to do business with me? 


There are 5 decisions most people go through for buying decisions.
  •   Who to buy from? (You?)
    • You must sell yourself before you can sell anything else!
    • For consumer items this may not be a person but rather the store.
  • What Company to buy from?
  • What Product to buy?
  • What Price is right?
  • When to buy?
Since "who to buy from" is the first and most critical decision it is important to know your personality type and how to effectively communicate with different personality types. 

Have you heard of the DISC personality profile?  DISC stands for:

D=Dominance
I=Influence
S=Steadiness
C=Compliance

I believe my personality type is more "D" with a strong "C" influence, especially when it comes to proposal writing. "D" people tend to want authority, want to get to the point quickly, and are task focused.  "C" people tend to want a lot of details and to comply with the requirements.

Mary Jane's is more "I" with a strong "S" influence.  "I" people like people, are quick to establish relationships, and often optimistic.  "S" people tend to be patient, even with "Ds", and have a high willingness to help others.

As you might guess I think in bullet points and want the facts so I can make a decision and move on and Mary Jane wants to tell me the whole story, perhaps going back through several segments of the story that I could care less about. 

She can come off as scatter brained to me and I can come off as uncaring to her.  Neither is true. This is just how our personality types routinely communicate.  So if we didn't understand these personality types we would have more difficulty communicating with each other.  I actually envy some of her skills and she some of mine.

So back to selling - the process of getting people to do business with you.  Remember the #1 buying decision.  Do I trust the presenter?  Are they like me?  Do they understand me? 

To become highly effective in dealing with people it is important to understand the four basic personality profiles.   If you recognize someone is a "D" get to the point quickly.  An "I" will want to socialize before signing up with you.  An "S" is going to want to know why your product or service is good not only for them but for their family, community, and perhaps the world.  A "C" is going to want a lot of details.
  
If you have ever seen an internet advertisement or watched a webinar when they are selling a product or service watch for this pattern.  There is a science to it.

They get to the most important benefits right away for the "Ds".  If they don't the "Ds" are going to turn it off.  When they start telling about themselves they will include struggles and then goals they set and achieved with the product or service.  At this point of the presentation is when I start thinking, okay, how much? 

For the "Is" the presenter tells you a little bit about themselves and their vision. Look for colorful images and the fun they are now having in their lives., talk of having fun. They will also tell you how the product or service will bring more fun into the buyer's life.  For example, they might ask, "What would an extra $500 per month or an extra hour a day do for your life?"

For the "Ss" the presentation will then move on to how the product or service benefits your family or community, and begin to add social proof in the way of testimonials.  When talking about themselves they will talk about how the additional money or time in their lives allows them to do more for others.

Finally, for the "Cs" there will be example after example of how the product or service works.  For instance, presentation of investments and the money they generated as well as related details such as the investment address and time frames.  Additional testimonials will be presented here with facts and figures in them.

Hopefully you now understand that there are four primary personality types.  If meeting with someone one-on-one, you can focus your presentation to that specific personality type to improve your success rate.  For a group meeting your presentation should migrate through all four types.

Keep in mind that we can, and often do, migrate through different personality types during any given day but we have our primary traits that we come back to.

I am not suggesting we manipulate people.  I am suggesting that in any human interaction the only person we control is ourselves so why not approach others in a manner that is most effective for them. After all, if you believe your product or service can truly benefit them, don't you owe it to them?

If you'd like to learn more about this and take a free DISC test go to https://www.123test.com/disc-personality-test/ and have some fun.  

People who are really good at this will develop better relationships both personal and professional.

By the way, politicians use this same practice to appeal to as many people as they can.  Watch for it in their speeches, there will be something for each DISC personality type.  See if you can spot them using it.
Industry News  
(By Kevin) 

Top 5 Markets for Multifamily Investments:

As we have mentioned in previous newsletters multi-family property occupancy rates have a high correlation to jobs in the area.  So this year's predictions of the top 5 markets come as no surprise due to low unemployment rates.

 #1 - Orlando FL - unemployment rate 4.3%, 2019 projected vacancy rate 4.3% 

#2 - Raleigh-Durham, N.C. - unemployment rate 4.4%, rents are projected to increase 20% by 2019

#3 - Fort Lauderdale, FL - unemployment rate 5.0%, expected rent growth in 2016 = 4%

#4 - Phoenix, AZ - unemployment rate 4.7%, expected rent growth in 2016 = 5% (I am not sure why Phoenix is rated lower the Fort Lauderdale except the article mention that the average Net Operating Income returns are in the 5% range)

#5 - Sacramento, CA - unemployment rate 5.5%, expected rent growth over 6% per year to 2019.

Using the standard valuation formula based on NOI any of these cities might present a good investment opportunity.

For instance, let's assume a purchase price of $5M that generates an NOI of $250k. This indicates a 5% CAP rate.  Now let's assume that rents increase 6% until 2019 and that all other ratios stay the same.  The $250k should increase almost $300k.  Using the 5% cap rate that property is now worth $6M and the tenants have paid down the debt.  

Increased value with lower debt and someone else paying the bills, what could be better than that?

This is of course just a back of the envelope type estimation and more in depth analysis would be conducted before purchasing any multifamily investment.

Projects and Opportunities 
  • Check LegalShield's IDShield product by clicking on the LegalShield logo below.

  • We have decided to sell our 11 unit mobile home park in Virginia.  All units occupied and 9 and only 2 are park owned.  Please contact us if you are interested. 

  • 8+% ROI: We are continuing to locate used mobile homes, set them up in one of our Manufacture Housing Communities, and sell/rent them.  If you have between $15,000 and $20,000 you want working harder for you then this could be the right opportunity for you.

We will do all the work and can manage the home for you totally turn key or you can place one of your homes in our community and manage it yourself.  We are very flexible with these opportunities.  

 

We only do 3 of these per month so let us know your interest as soon as possible so we can more fully explain the  process and get your name on the list.

 

Did you know that you can invest in real estate from your IRA or other retirement account?  You can also use your stock portfolio to invest without ever selling your stock? (Think leverage, leverage, leverage!).  These investment secrets aren't well known but they are perfectly legal.  Contact us and/or click on this Investment Secret link to learn more. 

 

Kevin Driscoll &| Mary Jane Driscoll, Independent Associates 

Visit Our Website Today!

 

Laughs and Interesting Stuff 
(Selected by Kevin and Mary Jane)
 
The Challenge:

There was once a very rich man holding a party at his plush home where he announced, "I filled my pool with 30 alligators.  Any person present who dares to swim across the swimming pool will be awarded either ½ of my wealth or my beautiful daughter's hand in marriage."

For several moments all was quiet then all of sudden there was a scream and everyone looked up to see a young man swimming as fast as he could across the very large pool. 

In astonishment the rich man watched as the young man struggled to get across the pool.  The young man finally made it and the rich man ran over to congratulate him.  The crowd cheered!

"Young man, I want to shake your hand. So what will it be, ½ my wealth or my beautiful daughter?" said the rich man.
 
"Neither" said the young man, "I just want the person who threw me into the pool!" 

They Walk Among Us:

The food at the sandwich shop I frequent is good, but any deviation from the norm throws the staff off.

I once told a clerk that I wanted only half a sandwich. His reply: "What am I going to do with the other half?"

A week later, when I told another clerk the same thing, she responded, "Do you want the top or the bottom?"

-         Glad they're not running for President aren't you?  However, it is a little concerning they get to vote.

Dear Charlie:

We've been neighbors for six tumultuous years.  When you borrowed my snow blower, you returned it in pieces.  When I was sick, you blasted Metallica all night long.  Finally, when I informed you your dog was leaving presents all over my lawn, you just laughed.

I could go on and on, but I'm not one to hold grudges. So I am writing this letter to tell you that your house is on fire.

Cordially, Harry
--------------------------------------------------------------------------  
Keep On Smiling!
(so people will wonder what your up to AND its contagious) 

We are always willing to share information with you so please feel free to contact us

 

Driscoll Enterprises Inc. 332 West Lee Hwy., Suite 200, Warrenton, VA 20186

703-398-1188 or 800-887-0001

info@DriscollEnterprisesInc.com

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Driscoll Enterprises or Silver Leaf Investing | 332 West Lee Hwy., Suite 200 | Warrenton | VA | 20187