Archive
So, you bought a house that you plan to hold as a rental property. You did a great rehab and really have it looking nice. Now it’s time to put it on market and get the rent money coming in. As you begin to look for tenants, I want to caution you on something. Landlords tend to use their application process to see if a tenant can pay their bills on time. That’s important, but...
We bought a little three-bedroom mill house recently, that we had intended to keep. The problem was that we got so busy working on other projects that the house sat for a while. We kept rationalizing that since we got it at such a good deal, it was OK for it to sit. But after two months, we could see that it was costing us money just sitting there, and we decided to sale it to an investor...
So you just completed the rehab on a flip. Before you put it on market to sale, you and your realtor check the numbers one more time to make sure you get the most out of the house. Your agent reveals there have been some better comparable sales since you started the project and suggests a higher list price than you had anticipated. Excited, you put the house on market at...
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...