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How To Make $200,000 or More From My Mistake How To Make $200,000 or More From My Mistake by Brad Wozny Click here for a printable version. Great leaders study the lives of other great leaders.   Great generals study the battles of the past and learn how to develop new strategies, and utilize old tactics that worked, to wage warfare on the battlefields of today.   Great business people study the transactions and lives of other great business people before them.   One of the keys here is to learn from others mistakes.   This lesson is WORTH at least $200,000.00 to you.   Read on.   As a real estate investor, you ARE in business for yourself. To be true to your business, you need to have EVERYTHING in writing. I'm not saying to not trust anybody, but be sure that ANYTHING and EVERYTHING you agree to is in writing. (94% of the worlds lawsuits originate from the United States, on average, each American will be sued 5 times in their lifetime. 1 of those lawsuits will be successful and wipe them out of everything they own…) - JJ Childers, Asset Protection Attorney   Scary news, isn't it?   By not getting one sentence down on paper which I'd agreed to with another investor, I lost $25,000.00 CASH in 10 days.   Worse than that, I also lost three properties that ended up being worth more than $100,000 of their original value not 30 days later. That was a $125,000.00 lesson… My partner and I trusted what the other investor said – and then he took us to the cleaners.   It would've been a completely different story if we had one simple sentence down to protect ourselves. Bottom line, be sure to have everything that's said and agreed to down on paper, and signed by you, them, and notarized by a Notary of Public or Attorney.   Cheers, Brad Wozny Originally Posted: Apr 20, 2007 at 10:18 PM Last Updated: Apr 20, 2007 at 10:18 PM -- Current Rating: 4 of 5 Click here for a printable version.     Add your comment here... Your Name:  Add Comment Before being published on our web site, your comments will be reviewed by our staff. Only appropriate comments pertaining to this article will be considered. Your IP address will be logged -- please do not abuse our comment system.     Rate This Article: | 0 | 1 | 2 | 3 | 4 | 5 | Click here to return to the Article main page. Click here to return to the previous page you were viewing.