Archive
What does the seller need? This week I saw a couple of good questions asked about how to get deals done. One was with a subject-to deal and the other was a preforeclosure. Today I would like to go over them and talk about the most common mistake that beginner investors make when talking to sellers. The first question was about a subject-to deal. And as a reminder, that’s a deal where you...
Finding Good REI Teachers Makes All The Difference When Ashley and I got started in investing, we fell prey to one of the big-name teaching circuits. What I mean by that is we went to one of the free seminars, that led to the $100 class that was really a dog-and-pony show to sell their overpriced, and as I later found out, somewhat antiquated classes on how to become a real estate...
How I do an in-home interview This week I saw a feed where someone had asked the question “what three things people look for in potential tenants?” That got me curious because we don’t look for three, but four things in a potential tenant. As I read the responses, people listed things like credit scores they prefer and job stability. One said they were looking for someone who does not have an...
My cheese moved… again Today I’d like to tell you about a little book that if you have never read, you really should. It’s called “Who Moved My Cheese?” by Spencer Johnson. It’s a tiny book that packs a huge amount of insight into how people should deal with change, and it’s in the form of a fable. The story starts by identifying four characters who spend their time exploring a maze...
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...