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I was reading a thread online this week in which a real estate professional was questioning why an investor would create a company instead of running a sole proprietorship using their own name. That’s a great question. And for many real estate professionals, it could be somewhat confusing because we see a lot of brokerages named after their owners. Take one of the biggest names in...
As I write this, I am sitting in the Destin area of Florida in a town called Miramar Beach, and today has been the best day of our vacation. That being said, getting here wasn’t easy. The last workday before left was beyond full. I left the house at 7 a.m. to make my first stop at the Calhoun Home Depot to pick up a large order for a flip we have going. It consisted of the flooring...
Every industry has expenses associated with the cost of doing business. In real estate, however, those cost may not be as apparent, especially for new and aspiring investors. I know this because I got to explain some of those expenses to two different investors involved in two different deals this week. I would like to talk you through both scenarios so you’ll be better prepared to...
I had an interesting experience recently. I went to lunch with a banker after I had inquired about how a business line of credit worked since I had never applied for one before. I was expecting the rep to showcase what products the bank had for investors and explain what kinds of qualifications and stipulations would go along with each. That’s not what I got. Lunch...
I went to pull my iPhone out of my pocket at a house the other day. My phone tumbled out of my fingers and began to topple toward the floor. I have pretty good reflexes, though, so I brought my right foot up and caught the phone in the same manner one would stall a soccer ball or hacky sack. That particular action may sound odd for this situation, but I grew up playing both soccer...