Archive
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...
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...
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...