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...
The best deal you’ll ever do About this time two years ago I wrote to you about a house that I was trying to buy for Ashley in a column titled “Don’t get emotional when making offers.” That was the one where I did get emotional and offered the seller double what he was asking for it… you read that right. The reason I got emotional was because it seemed like it was the house of Ashley’s...
Hope for the best, but get the rest in writing! I like to think of myself as a positive person. So much so that I think they made a little mistake when they did my blood type. You see, they say I’m B-negative, but I disagree because I tend to be positive. So, there is a little discrepancy there. But all kidding aside, I enjoy being around other positive, upbeat people. I don’t watch the...
In the zone — but not the right zone You can’t trust government websites. Ask me how I know. Better yet, I’ll just tell you. We’re currently working on a project that has a house sitting on 4.5 acres in a nice country setting. That sounds quaint, doesn’t it? It’s a good area and will make someone a great home. But something we realized is that the extra acreage does not increase the value...
Did I mess up? “I don’t believe this is going to work.” That is what the soil analysis guy, named Doug, told me as we were trapesing through the property we just purchased. And as we walked back, all I could think was, “Did I mess up?” That’s a sinking feeling. This house was one I’ve told you about in the past. It was the house that had a title flaw on it and in order to get rid...