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Stop digging

Stop digging

Stop digging   Have you ever heard the old adage “If you find yourself in a hole, stop digging?” Well, that’s great advice, especially for real estate investors because if you are in this business any length of time there’s a good possibility you’ll find yourself looking up from hole.   So what do you do about it? That was a question I got asked this week from a Zoom panel in which I...

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The price of doing rehabs

The price of doing rehabs

The price of doing rehabs   We just spent $100,000 on a rehab that we thought would cost $60,000. That means we went over budget $40,000. How do you like them apples?   To be honest, we were shocked that we went over this much, especially since at the time we calculated our offer to purchase I was thinking I overestimated the rehab.   This house was a three-bedroom, one huge bath...

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Things are changing

Things are changing

Things are changing   Ashley and I were sitting on the couch this morning, sleepy-eyed, but trying to make the most of our few moments together without child interruption as we sipped our coffee. You see, life has changed quite a bit for us this past month with having a newborn.   I’ve been saying this since our two-year-old was born. Having babies is a young man’s sport. And I don’t...

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This does concern you

This does concern you

This does concern you   This week, I met with a seller who had a beautiful, brick ranch in a very desirable subdivision in Calhoun. The house was in very good shape. It needed some updating since it still had original fixtures throughout the house as well as wallpaper from its construction era. The kitchen needed some love too, but it had nice hardwood floors, a great living space and a...

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Another statistic

Another statistic

Another statistic   Have you heard it said that 8 out 10 small businesses fail within the first 18 months? I have, and I just thought it was true. As a matter of fact, I went looking for it the other day and was kind of surprised as to what I found.   I found that statistic was stated in a Forbes article from 2013. But they gave no data or references to back their findings up.  ...

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