Archive
Don’t be a good-for-nothing wholesaler Boy I’m going to get some hate mail for that title. But read on and you will understand what I mean by it. Before we get started, I need to define what I mean by the term “wholesaler.” Wholesaling is a strategy in real estate where the basic idea is to get a house under contract for enough of a discount that you can mark it up some and still...
Pay your friends and family If you are new to real estate investing, one of the biggest questions you may have is, “How am I going to pay for my first deal?” I know it was for me and Ashley when we started. Truthfully, we had no idea where we were going to get the funds to close on a house if we got an offer accepted. That’s because we were two broke kids, with a mound of student...
The best way to maintain your assets Let me ask you a question. Is a rental house an asset, or a liability? I ask this question a lot and most of the time people say a rental house is an asset. When I ask them why, they kind of shrug and say that they just assume that it is. Well, for us to decide one way or the other, we need to know the difference between an asset and a...
Monsters don’t live in the bathroom I was a guest on podcast recently with my mentor Bill Cook where we were discussing things that hinder the success of newer investors. As we talked, Bill asked me if I thought a lack of education is something that stops newbies from moving forward. I told him I didn’t think so. You see, there’s a ton of information out there about how to make deals in...
Find the right advisor I got a call from a brand-new baby investor last week. The reason I describe him this way is because he had made the mental leap of wanting to invest in real estate but had not done a deal yet. He is still in the fact-finding scramble stage of trying to figure out where to begin. I like this guy. He was younger, but had a good head on his shoulders. He was...