Archive
Speak splain: I think Ricky Ricardo once told Lucy to “speak splain English.” As an investor, you should listen to Ricky’s words of wisdom. It’s often too easy for us to switch from speaking English to the other language we speak- legalese. By definition, legalese is the formal and technical language of legal documents that is often hard to understand. It’s the language we speak...
Yo… Flippin Ain’t Easy: Flipping is one of the first things people think of when they consider getting into real estate investing- “flipping” being the process of buying a house for below market price, fixing it up and selling it to make a BIG chunk of money. Shows like “Flip or Flop” on HGTV, make flipping look like a piece of cake. The truth is it’s a tough job. ...
Make an offer! Pete Fortunato tells a great story about an offer he made. He looked at the house, ran the numbers and gave the homeowner a written offer at a price he could afford. The homeowner reviewed it and said, “I can’t believe you would make me an offer like this. It just offends me.” Pete’s response is what’s so epic. He asked the guy if the house had indeed been on...
Patience: We’re currently flipping a house down in Cartersville and part of the rehab design includes new kitchen cabinets. Now, we don’t normally do cabinets so I didn’t know who to turn to. I got some recommendations for local cabinet makers and got a few bids on the project. After I picked my jaw up off the floor, I made my way over to one of the two major home improvement...
The other day, Ashley and I were driving in the mountains of Tennessee. As we came into town, we stopped on a bridge that over looked a beautiful mountain river. Ashley said, “Joey! Look at the size of that buzzard!” I looked over to see a very large, dark bird in the trees over the river. Strangely, it had white tail feathers. I asked Ashley had she ever seen a buzzard with a...