Archive
It doesn’t float uphill Yesterday was a busy day for me, and it was not things that were planned. That can be either a good thing or bad thing depending on the circumstances. Mine was a combination of the two. Let me tell you about it. We just filled a nice two-bedroom one bath mobile home last week, which made for a busy week as well. The reason for that was we needed to get all the...
Substance over form I had an interesting case come across my desk this week that had to do with a lease option going bad. At first, I typed “gone bad,” but the situation has not fully resolved, so I changed it. But it’s a great illustration of what not to do as an investor and I thought I would tell you about it so you don’t make the same mistakes. Lease options have become a popular exit...
Looking like professionals The cost of trade labor has gotten quite high lately in my opinion. I’m seeing some strange business practices with how companies are bidding jobs. And if you’re looking in the wrong places for help, it might cost you an unneeded arm and a leg — especially in the plumbing world. Let me explain what I mean by that. The first instance had to do with our...
The End of Year Review in Spring You may not know this, but it is almost the New Year. No, I didn’t write this in 2023. It’s March of 2024, the spring equinox just happened, and that means spring is here. And according to Exodus 12:2 in the Bible, Yahweh tells Moses and Arron that this is the beginning of the year and goes on to give them the instructions of the spring feasts called...
Participation lenders When you think of private money lenders, you typically think of either short-term lenders, or long-term lenders. Short-term lenders are the ones you use on quick moving deals like fix and flips and wholetail deals. And if you are not familiar with a wholetail deal, that’s a melding of the words wholesale and retail. What you do in this scenario is buy the...