Archive
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...
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...
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...