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Only rejoicing I’m writing this during the Feast of Tabernacles, which is the fall feast mentioned in Leviticus Chapter 23. The feast brings with it two purposes. The first is a remembrance for the Children of Israel of how Yahweh made them to dwell in booths for the 40 years they were in the wilderness prior to entering the Promised Land. During those years the Children of Israel were...
So you just completed the rehab on a flip. Before you put it on market to sale, you and your realtor check the numbers one more time to make sure you get the most out of the house. Your agent reveals there have been some better comparable sales since you started the project and suggests a higher list price than you had anticipated. Excited, you put the house on market at...
Every industry has expenses associated with the cost of doing business. In real estate, however, those cost may not be as apparent, especially for new and aspiring investors. I know this because I got to explain some of those expenses to two different investors involved in two different deals this week. I would like to talk you through both scenarios so you’ll be better prepared to...
I had an opportunity this week to evaluate some qualities one needs in order to be successful as a full-time investor or real estate professional. It started Monday morning as I was heading to the office for our weekly staff meeting. The project at forefront of my mind was completion of the rehab on a flip that was about to sell. We were running behind on it and needed all hands on...
Have you ever started on a property just knowing it was going to be a homerun? I know we have. One that sticks out in my memory was a 2,000-square-foot, three bedroom, three full bath, brick ranch on eight acres. We purchased this house for $40,000 and did a jam up rehab, including custom tile, hardwoods and new counter tops. We put a new roof on it, installed a new HVAC system,...