Archive
I was sitting in the living room of a couple looking to sell an unwanted house in Cartersville. The house was their previous home that they’d turned into a rental property. I did what I always do when we sat down. I asked them how could I help them and then I told them, “My job is not necessarily to buy your house. My job is to solve real estate problems. I’m going to ask...
It’s as simple as it sounds: a benefit list lists all the benefits associated with a deal or offer you’re making. This is a great tool I garnered from two of my greatest teachers: Peter Fortunato and Bill Cook. Pete always talks about deals in terms of benefits, not money. There are lots of benefits associated with each deal that you can’t put a dollar amount on. For...
The purpose in making an offer isn’t to have some fancy paperwork that neither the seller nor the buyer understands. An offer is meant to start the process of a meeting of the minds. Once you have a meeting of the minds for both buyer and seller, you can make a deal. I’m often asked how I figure out what to put in my offers. I’d like to walk you through a real-life offer we just made. It...
I came across this story a few years back. It’s one of those that makes its rounds on the internet and social media, but every time it resurfaces, I’ve always needed to hear it again. I’d like to share it with you. The author is unknown, but the title is “The trouble tree” as it appears on inspiration.net. “The carpenter I hired to help restore my old farmhouse had a pretty...
As we were doing the walk-through inspection of our most recent flip, we noted that there was a regular 200 amp breaker panel on one side of the house with a few open spaces in it. This was great because we needed those spaces to add a new air conditioning system. When we got to the other side of the house, however, we found a small fuse panel. It had no fuses in it so we just assumed it...