Archive
Should we keep it or kill it? How would you like to go over a real-life deal we are working on today? Would that be beneficial? Actually, you might even be able to help me with it. Because we are having a hard time deciding if we should keep it or kill it. I get the idea of “keeping it” versus “killing it” from Aesop’s Fable about the Goose and the Golden Egg. And if you aren’t familiar...
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...
Buy-and-hold up, wait a minute Buying and holding good cash flowing properties long term is one of the goals of real estate investing. But do you know how to evaluate a deal to see if it does cash flow? If you don’t, that’s okay. Because today I’m going to show how we run the numbers on a deal to decide if a house has a good enough cashflow to be a rental. To determine the...
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...
Real estate investors make people cry I sometimes hear people talking about real estate investors in a poor way. They will refer to us as vultures circling around. (I guess they see us as waiting for people’s homes to die so we can swoop in and greedily make massive profits off others’ misery) And just like with any profession, there are some investors out there who care more about...