Archive
I’m so sore right now. My hands hurt, I have bruises and cuts all over the place, and my back is killing me. This is all from doing something I haven’t done in a long time: I’ve been framing on a house. Sometimes I get asked if having a contractor’s background has helped us in our investing career. To begin with, it did. When it was just Ashley and me, I could do most of the...
So, you’ve been telling everyone that you buy houses, and you’ve finally found someone who needs to sell their property quickly. After you inspect the house, you realize it needs work. But there could be a good profit if you fix it up and sell it. You get the seller to the kitchen table and structure the deal of the century. The seller accepts, and you close the deal. Now what? The...
We’re doing a property right now that has a propane furnace, so we went to see Ms. Sue over at Calhoun LP Gas. She got me taken care of and scheduled their guys to bring me a tank the following week, weather permitting. As we were doing the paperwork, Ms. Sue noticed I was reading everything and remarked that that was fine, but that it was just their normal paperwork for a tank...
One of the biggest mistakes I see beginning investors make is buying a property a long distance away from where they live. And trust me, I understand. It was a great deal. And you hadn’t seen anything that cheap around you. Ashley and I did the same thing when we bought a place for $8,000 45 minutes (one-way mind you) from where we lived. And that was just to the...
So you bought a house to flip, did a jam-up rehab on it, and already have it under contract with some buyers who love it. Things are going great. During the due diligence period, the buyers pay for a home inspector to go out and look the place over. Then it happens. Your agent calls and says, after the home inspection, your buyers have concerns. You’re wondering what could...