Archive
Did I mess up? “I don’t believe this is going to work.” That is what the soil analysis guy, named Doug, told me as we were trapesing through the property we just purchased. And as we walked back, all I could think was, “Did I mess up?” That’s a sinking feeling. This house was one I’ve told you about in the past. It was the house that had a title flaw on it and in order to get rid...
Camp Yahweh Did you know that there is a ton about real estate, and even real estate investing, written in the Bible? There sure is. For instance: The oldest recorded deed that I’m aware of is found in the Bible. Now I wrote to you about this a long time ago. As a matter of fact, it was in 2016. So just to remind you, the column was titled “The oldest recorded deed” and it was based on...
Run your own race Recently I participated in my second ever half marathon. Consequently, it was also the second one I have done this year. And if you don’t know, a half marathon consists of running 13.1 miles. Now you may be asking yourself, “Why in the world would he do that?” To that I would answer that I have no idea. Well, that is not entirely true. One of the guys in the race...
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...
The price of doing rehabs We just spent $100,000 on a rehab that we thought would cost $60,000. That means we went over budget $40,000. How do you like them apples? To be honest, we were shocked that we went over this much, especially since at the time we calculated our offer to purchase I was thinking I overestimated the rehab. This house was a three-bedroom, one huge bath...