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 realty today:…
“I could just kick myself” Is what the lady said as she teared up and turned away from me standing outside that rental house. It was early evening, just after she and her husband had gotten off of work. With her back turned to me so I didn’t see the tears fall, she said, “I just didn’t know people like you existed.” I was at a loss for…
Speak splain: I think Ricky Ricardo once told Lucy to “speak splain English.” As an investor, you should listen to Ricky’s words of wisdom. It’s often too easy for us to switch from speaking English to the other language we speak- legalese. By definition, legalese is the formal and technical language of legal documents that is often hard to understand. It’s the language we speak when dealing with…
Patience: We’re currently flipping a house down in Cartersville and part of the rehab design includes new kitchen cabinets. Now, we don’t normally do cabinets so I didn’t know who to turn to. I got some recommendations for local cabinet makers and got a few bids on the project. After I picked my jaw up off the floor, I made my way over to one of the two…
As you walk into a deed room, it can feel a little scary. First, you realize you’re in a vault in the depths of your local court house. Second, the thick steel doors that protect the deed room from fire and flood are similar to something from a 1930’s bank heist. You’re sure Bonnie and Clyde are looming somewhere close. And since you are on the bottom floor, it…
When you put a house under contract to buy, you enter into a period known as “due diligence”. This gives you have a few days to check out the property. If you don’t like what you see, you can walk away with no questions asked. Most buyers will send a home inspector out to look at the house and an exterminator to check for termites. If you are purchasing…
If you aren’t telling people what you do, how will they know you can help? Make sure you regularly let people know you buy houses and that you can solve their real estate problems. Make t-shirts, have cards, makes signs, post on face book… Just do something that tells people you are looking for a house everyday and you will do more deals than you thought possible. Check…