Archive
Multiple Offers How many of you would love to get multiple offers on one of your flip properties? Normally I would too because that means better offers when buyers are competing over you. But we have had multiple offers on a great house up in Whitfield County that — well, let me just tell you about the situation. First off, when I say this is a great house, I really mean it. It’s a...
Builders, Handymen and Remodelers So, I was standing on some exposed floor joist talking to (but really interviewing) two contractors who had reached out to us for work on one of the many projects we have going. And as we talked, I thought the conversation would make a good column. Now, you may be thinking to yourself, “How did Joey end up on an exposed floor joist if he’s just now...
The money is in the meter drop How would you like to make $10,000? Now, before you blurt out an answer, I’d like for you to consider a story that my good friend and mentor Gary Harper tells about a cabby he encountered. The title of his story is “The money is in the meter drop.” And it goes like this: Gary was in the big city of Chicago where he lives. He and his...
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...
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...