Archive
Don’t get emotional when making an offer If you read the title of this column, you probably already gathered that you shouldn’t get emotional when making an offer. And that’s true — when you get emotional, you tend to make a bad deal. I’ve seen this concept play out in many ways. A newer investor will overbid on property. And since they’re excited about doing their first —...
Face to face Monday morning was super busy for me. You see, we had a closing where we were purchasing a double wide on it’s on land, and I needed to prepare closing docs, get a cashier’s check for that closing and also attend to my normal Monday morning commitments. Due to labor shortages, my bank’s local branch had its lobby closed. As such, I had to go through the...
Friends, family and business I was talking to a landlord recently who had been put through the wringer by her tenants. You see, she had bought a freshly remodeled, four bedroom, 2 1/2 bath, 2,000-square-foot home and paid retail price for it. Now, this landlord was not a hedge fund, and she was not a high roller looking to put lazy money to work. She was just a very kind...
Another statistic Have you heard it said that 8 out 10 small businesses fail within the first 18 months? I have, and I just thought it was true. As a matter of fact, I went looking for it the other day and was kind of surprised as to what I found. I found that statistic was stated in a Forbes article from 2013. But they gave no data or references to back their findings up. ...
Something is missing My first nonretail job was as a residential painter in college. I then worked for a handyman and then a custom home builder. I finally landed on a rehab crew remodeling both rentals and flips for an investor in Atlanta, which is where I got exposed to real estate investing. And since my background is in construction, one of my jobs in our company is to...