Archive
What is a market inversion? Are you familiar with the term market inversion? If not, that’s OK. I wasn’t until recently. But as real estate investors, you need to understand what it is, and more importantly, what it means for the current and upcoming real estate market. First off, let me give a quick overview as to what market inversion is from my understanding, and then I’ll tell...
Did we buy an alligator? Real estate investors are known for being risk takers. As a matter of fact, most of the time the reason an investor gets into trouble is because they estimated too high on what a property would sale for once they fixed it up. The outcome for this speculation is that the investor gets too thin with their numbers and overpays for the property. Be...
Evaluating a big fat juicy deal How many of you romance the idea of getting that big juicy deal that nets you $75,000 or more in profit? I know I do. Logic dictates that in order to get bigger profits like this, you’re going to need to work with houses at higher price points. Right? Well, it just so happened that we got a call last week on a house that looked like it...
FiFa is a four-letter word Well technically FiFa is not a four-letter word. It’s an abbreviation for the two Latin words Fieri Facias that translate to “you shall make happen,” which you’ll understand in a minute. A FiFa is a lien issued by the clerk of court to a lawsuit winner who has been awarded a judgment. This lien becomes public record and gives the sheriff's office...
We bought a little three-bedroom mill house recently, that we had intended to keep. The problem was that we got so busy working on other projects that the house sat for a while. We kept rationalizing that since we got it at such a good deal, it was OK for it to sit. But after two months, we could see that it was costing us money just sitting there, and we decided to sale it to an investor...