Bobo doin’ it, jungle style

Posted July 10th, 2007 by Joe Kaiser

Z is where the money is. It’s where our EV is off the charts and our hourly rate is second to none.

Dear Rob,

I thought today would be a good time to discuss a real estate concept your office is unfamiliar with, EV.

EV is short for “Expected Value” and is most easily understood as your hourly rate.

Don’t worry, it’s so easy to figure out even a chimp could pull it off.

Smart investors determine in advance where their hourly rate is greatest and focus all their energies on that strategy, to the exclusion of all others.

So, when we determine strategy X is worth $20 per hour, and strategy Y is worth $100, we forget all about X and become an expert on Y.


taking dead aim

And when we stumble on to strategy Z, which we determine is worth upwards of $300 per hour, we no longer care about X or Y and instead we take dead aim at Z.

Z is where the money is. It’s where our EV is off the charts and our hourly rate is second to none.

That’s where we spend our day-to-day activities and how well we avoid distractions that take us away from working strategy Z is key to success.


the WSOP

Last week I decided to take part in the World Series of Poker main event, a $10,000 buy-in, No Limit Texas Hold ‘em tournament taking place this week in Las Vegas.

I was all set to head out a few days ago and take my shot at the estimated eight million dollar grand prize.

But then I got to thinking about my chances (not good) and the effort required (a week of 14 hour days), and the guys I’d be up against (the best players in the world).

What’s my EV?

Pretty much zero.

Certainly, the expectation is negative and the odds of me returning with a profit, much less my $10,000.00, are off the charts not good.

I decided to rethink this WSOP thing.


No gamble in me

And I decided I won’t be heading to Vegas anytime soon.

I’m just not willing to gamble at the moment and $10k is $10k and not coincidently, my attorney bills on this matter just from last month were $10k.

That means I need to make the very best of decisions and risking $10k on a speculative opportunity doesn’t seem like a good plan.

However . . .

I have cleared the decks for the week, thinking I’d be out of town playing a poker tournament, and that means I’ve got a free week.

A distraction-free week.


A chimp and a chair

What to do?

Rather than spend 14 hour days playing with chips all week long, I’ve decided to spend it playing with a chimp.

So, for an entire week, Bobo will be getting to work, attempting to put together one “real steal deal” after another, focused solely on strategies where his EV is off the charts.

And he’ll be doing it “jungle style.”

Bobo buys real estate

We’re teaming up, and you and everyone else interested in seeing what an investor on a mission with a chimp for a side-kick can do in a distraction-free week can come along for the adventure.


real time blogging

My goal is a dozen deals this week. That’s a dozen real deals, with profits built-in, 10x returns and certainty in the house.

No, it won’t be easy and yes, Bobo can be a pain in the you-know-what sometimes (and when things don’t go well he tends to throw poop), but we’re getting to work just the same.


Jungle Rules apply

Beginning Wednesday at noon (Pacific time) and continuing for an entire week, Bobo and I will be making deals and blogging in real-time every step of the way.

That means you can follow along, learning what we’re up to, seeing our hits and misses, and with any luck, watching us snag a monster profit deal along the way.

I’d normally price something like this at $397, and if you’re in any way associated with the office of the AG, you can sign up for exactly that by clicking here.

But, for readers of this blog, I’m knocking it down to just $97. You can sign up by clicking here.

Better yet, if you’ve made a comment or two, (you can enter your own comments at the bottom of any post) as my way of saying “thanks,” your price is $19.97.

And you can sign up by clicking here.


EV is where it’s at

Playing poker at the Rio will just have to wait until next year.

Until then (for this week at least), Bobo and I will be taking dead aim at at our highest and best EV: foreclosure real estate.

That’s where our EV is off the charts.

You’re welcome to follow along, but I’ve got to warn you . . . jungle rules so apply.

Respectfully,

Joe Kaiser


4 Responses to: “Bobo doin’ it, jungle style”

  1. Ron Huff responds:
    Posted: July 10th, 2007 at 7:40 am

    Hi Joe. Thanks for the opportunity to watch a dealmaker like BoBo go at it for a week at such a GREAT PRICE! I am looking forward to seeing him in action. Thanks again!

  2. Darren responds:
    Posted: July 10th, 2007 at 8:24 am

    Joe, I discovered this blog about 10 days ago and have been reading several of your posts per day in order to get caught up. And now I see this generous offer…how can a guy refuse?

    The only thing better would be to walk along with you as you do these deals.

    Joe, I know you’re not a scammer and I support you 100% with this fight against the AG.

    Keep pluggin’ along,
    Darren

  3. David Alexander responds:
    Posted: July 10th, 2007 at 10:38 pm

    Yo… Joe…. I’m still in the hunt here at the WSOP…. I didn’t know you were thinkin’ about it….

    I’m almost in the money….. Wow… this is a trip…..

    All these pro’s walking around….

    Finally settled enough to jump on the internet for a moment…. and get away from it all…..

    Just kiddin’… lol…

    I actually thought the damn thing was startin’ at the end of July and was plannin to be there for the cash games…. But, I did just get back 2 weeks ago after being there for 8 days….

    You’d thought I woulda known the exact dates…

    We need to make a pact to do this thing no matter what next year…

    You In?

  4. Joe Kaiser responds:
    Posted: July 10th, 2007 at 10:46 pm

    In!


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