Archive
Don’t get emotional when making an offer If you read the title of this column, you probably already gathered that you shouldn’t get emotional when making an offer. And that’s true — when you get emotional, you tend to make a bad deal. I’ve seen this concept play out in many ways. A newer investor will overbid on property. And since they’re excited about doing their first —...
Something is missing My first nonretail job was as a residential painter in college. I then worked for a handyman and then a custom home builder. I finally landed on a rehab crew remodeling both rentals and flips for an investor in Atlanta, which is where I got exposed to real estate investing. And since my background is in construction, one of my jobs in our company is to...
Dealing in benefits I was out door knocking recently, and I came across a seller in a precarious position. You see, she was thousands of dollars behind on her mortgage, she was older and the house was too much for her to take care of. Oh, and she was two and half weeks away from being foreclosed on. When I first knocked on her door, she admitted she knew she was in foreclosure but...
King me The other day, I was having some alone time with my 8-year-old, and he wanted to play a game of checkers. As we got the game out, which was one of those nice wooden ones, I noticed that we didn’t have all of the wood playing pieces. My son looked at me sheepishly and confessed that he had lost some of them. But he told me not to worry and said he would fix it so we could...
One-sided This week I got a call from an agent to go look at a potential deal. It was a 5-bedroom/ 3-bath house with over 3,000 square feet located in a very desirable area priced at only $100,000. When you see deals like that, you stop what you are doing and get to the house as soon as humanly possible. It wasn’t hard to spot which house I was going to when I turned into the...