Archive
I was reading a thread online this week in which a real estate professional was questioning why an investor would create a company instead of running a sole proprietorship using their own name. That’s a great question. And for many real estate professionals, it could be somewhat confusing because we see a lot of brokerages named after their owners. Take one of the biggest names in...
As I write this, I am sitting in the Destin area of Florida in a town called Miramar Beach, and today has been the best day of our vacation. That being said, getting here wasn’t easy. The last workday before left was beyond full. I left the house at 7 a.m. to make my first stop at the Calhoun Home Depot to pick up a large order for a flip we have going. It consisted of the flooring...
We just did a land-home deal over in Adairsville. During the course of the purchase, the sellers found themselves in need of a truck. They were moving to Florida after the sale and were planning to live in a travel camper until they could decide where to buy and settle down. They already owned a vehicle capable of pulling the camper, but something went wrong with it a week before...
Every industry has expenses associated with the cost of doing business. In real estate, however, those cost may not be as apparent, especially for new and aspiring investors. I know this because I got to explain some of those expenses to two different investors involved in two different deals this week. I would like to talk you through both scenarios so you’ll be better prepared to...
I had an interesting experience recently. I went to lunch with a banker after I had inquired about how a business line of credit worked since I had never applied for one before. I was expecting the rep to showcase what products the bank had for investors and explain what kinds of qualifications and stipulations would go along with each. That’s not what I got. Lunch...