Archive
Controlled chaos Sometimes, things are just hectic. In the real estate world, however, I think you have to accept that things are constantly going to come up and alter your plans. You’ll have to succumb to the fact that you will be living a life of controlled chaos at work. Take this morning for instance. I got through with my workout and went to go see V (short for...
Is this the new normal? I was talking with a buddy of mine this week about how to evaluate the returns on rental property using the financial calculator. I’d like to share with you what we did. Before we get started, if you haven’t had your morning cup of coffee, put me down and go get. This column is going to be numbers-heavy and will require an acute mind. I’ll be here when you...
Why do we fall? Two people fell this week at the gym where I work out. They were both middle-aged women, and both falls were centered around some sort of running. As I reflected on what happened in each instance, I saw some very good learning lessons I’d like to share. But first, let me tell you about what happened. The first incident took place on the treadmill. That morning, we...
Just because you can, doesn’t mean you should I was talking to an investor friend, recently, who was facing a conundrum. You see, he had become very specialized in one area of real estate. And the strategy he’d been using to buy on auction platforms, do minimum rehabs and resell was no longer working. Referencing the book by Spencer Johnson M.D., my friend said, “My cheese moved.” ...
Comfort can kill you On a recent morning, I was heading back from a new acquire we have out in the Ranger area of Gordon County. The house is currently being rehabbed to get it rent ready. I was at the house after leaving the gym before 7 a.m. to drop off some materials for the guys. We got them unloaded, and I headed home to take a shower and get the day started. As...