Archive
Don’t be a good-for-nothing wholesaler Boy I’m going to get some hate mail for that title. But read on and you will understand what I mean by it. Before we get started, I need to define what I mean by the term “wholesaler.” Wholesaling is a strategy in real estate where the basic idea is to get a house under contract for enough of a discount that you can mark it up some and still...
Fat deals looking slim Being able to track your rehab numbers is a crucial skill as a real estate investor. The reason for this is if you don’t know how much it will cost to fix the house, you can’t make an accurate offer. To show you what I mean by that, let’s talk about a real deal that we have on the table right now. This particular lead came in from an agent whom I’ve...
Should you do it yourself? This week I got a call from my lead man Charles. He was changing out the galvanized plumbing under a flip house because the water pressure had become very reduced due to the buildup of corrosion in the pipes. All was looking good until he went to tie back into the main water line coming from the street. Everything under the house, including the...
They are making a lot of noise, but they aren’t going anywhere I recently had a pretty cool wealth analogy fall in my lap that I would like to share with you. It happened while I was out for a long run with my buddy Cody Johns. And when I say long, it was 10 miles. Now, you should know that I don’t consider myself a runner. I can run, but I don’t feel like I was designed for it....
Monsters don’t live in the bathroom I was a guest on podcast recently with my mentor Bill Cook where we were discussing things that hinder the success of newer investors. As we talked, Bill asked me if I thought a lack of education is something that stops newbies from moving forward. I told him I didn’t think so. You see, there’s a ton of information out there about how to make deals in...