Archive
What is better, notes or rentals? If you’re like most investors, you have a renewed perspective on your business right now. That’s because you’ve just analyzed all your rentals, done an inventory of your cashflow and have gotten things ready to send to your CPA. We call this process our end-of-year review. During this process you’re seeing what kind of cashflow your properties...
Believe There was recently an all-day Star Warsathone on TNT. Google says it takes at least 15 hours to watch all seven movies. I wasn’t prepared to spend 15 hours in front of the TV, but periodically, I’d switch it on to see what the Skywalkers were up to. I found one scene during “The Empire Strikes Back” very insightful for this time of year. It was the one where Luke...
Do your tenants meet your core values? We recently welcomed a business consultant by the name of Gary Harper into our office. Gary is with Sharper Business Solutions, and He and his wonder wife Susan, helped us with a number of things ranging from writing out a vision for our company to properly defining all of our departments. They also helped us set up an accountability chart for those...
Moving in before closing: Just say “no.” A question that often comes up in our house flipping business is whether or not we’ll allow the buyer to move into a house before closing. The buyer’s reasons for this request run the gamut. Maybe they’re selling their current home before buying ours, or maybe our closing date got extended past the first of the month and they don’t want to...
How we did our first deal When Ashley and I realized we needed to make our living as real estate investors, it was 2009. We were freshly married, just out of college and didn’t have two nickels to rub together. To put it bluntly, we were completely broke. On top of not being able to find jobs that fit with our bachelor’s degrees, we had a mound of student debt looming over our...