Archive
Deeds tell a story I was talking to an investor recently that was having a hard time telling the difference between a warranty deed and a security deed. This confusion is not uncommon for investors that mainly buy houses using cash or traditional financing because the attorneys handle all the deed and paperwork. But this investor was in the middle of buying a subject-to deal. And with...
Buying out-of-state property We are selling a house right now, and it’s not a normal situation for us. It’s not a flip or a rental property. Instead, it’s the house my Grandmother owned until she passed in 2013. There are some people who are cool with buying and owning property all over the world and back. But that idea is scary to me. I like having properties I can lay eyes on...
Steady wins the race During a recent walk with my kids, my first-born was showing out on his roller blades and my daughter was rolling around on a three-wheeled scooter. As we were walking and talking, the story of the tortoise and the hare got brought up. Now I don’t know about you, but when I think about that story I don’t see a book of Aesop’s Fables. Instead I picture a 1940’s...
Controlled chaos Sometimes, things are just hectic. In the real estate world, however, I think you have to accept that things are constantly going to come up and alter your plans. You’ll have to succumb to the fact that you will be living a life of controlled chaos at work. Take this morning for instance. I got through with my workout and went to go see V (short for...
Is this the new normal? I was talking with a buddy of mine this week about how to evaluate the returns on rental property using the financial calculator. I’d like to share with you what we did. Before we get started, if you haven’t had your morning cup of coffee, put me down and go get. This column is going to be numbers-heavy and will require an acute mind. I’ll be here when you...