Archive
They think differently than we do Ashley and I were out knocking the pre-foreclosure doors in Whitfield county yesterday. While we were there, we had an interesting experience that I would like to tell you about. The first couple of houses we went to were your normal $125-140k house in nice neighborhoods. I say “normal” because that’s the price range that the average person lives...
Did we buy an alligator? Real estate investors are known for being risk takers. As a matter of fact, most of the time the reason an investor gets into trouble is because they estimated too high on what a property would sale for once they fixed it up. The outcome for this speculation is that the investor gets too thin with their numbers and overpays for the property. Be...
Make sure they understand People tend to naturally say “No” to things they aren’t familiar with. This is a reality real estate investor must overcome in order to get a “yes” on a creative deal structures when talking to sellers. You do that by making sure they understand what you’re proposing. Take owner carry-back financing for instance. Most people are accustomed to the idea of...
Site unseen We’ve been getting calls lately where sellers want us to make offers on their houses sight unseen. (Yes I know I misspelled the title. You’ll understand why shortly.) We always tell them we can’t do that because it’s like buying a truck without popping the hood or taking it for a test drive. You really can’t tell much just from looking at the outside. Ashley and I have...
Just get it in writing I met with a seller recently who had a beautiful house in the Sonoraville area of Gordon County. When I say beautiful, I mean it. This house was immaculately kept and well maintained. The seller was getting ready to move into an assisted living faculty and needed top dollar to provide for those accommodations for the remainder of her life. Realizing...