So… Your Market Sucks! 7 Indicators That Your Business Model Needs to Change

So… Your Market Sucks!  7 Indicators That Your Business Model Needs to ChangeIn my last article, I wrote about positioning your real estate business for success and maximum profits. The key, in my opinion, is to know that what you are doing is not working.Your Market Sucks!  Now What? The key is that sooner or later whatever you are doing in your market may not work and while you can continue to try to make it work, you might just find yourself working harder and getting further behind.The … [Read more...]

Working ON Your Business, Not IN It: A Painful Lesson from My Last Deal

Working ON Your Business, Not IN It: A Painful Lesson from My Last DealAt the end of every deal, my wife and I write up a little summary of what we did well, what we did poorly and what we can do better on the next deal (I learned this tip from a fellow BiggerPockets blogger, Michael Zuber).   After looking over our last deal, one thing was painfully (literally) obvious, we did TOO MUCH work. Let me give you a little more context.  A few months ago, a local realtor in our market contacted me … [Read more...]

The Unsustainable Wholesaling Business Model

The Unsustainable Wholesaling Business ModelIt all started with a simple question. BiggerPockets.com founder Joshua Dorkin sent me an email with a link to the BiggerPockets property directory. It contained several wholesale listings in Phoenix. Joshua asked, “can you check them for me?”After searching the Arizona Regional Multiple Listing Service and tax records I didn’t find anything out of the ordinary. The person that posted these listings didn’t own any of the properties, but … [Read more...]

Why We Don’t Flip Real Estate as a Part of Our Business Model

Why We Don’t Flip Real Estate as a Part of Our Business ModelAs we meet additional contacts and speak with other real estate investors, one question we are asked frequently is,“Why don’t you Flip Real Estate?”I understand where the question comes from, as many individuals feel flipping is the easiest path to investment riches.  They make it look so easy on TV and sound like a cinch in the real estate Books.  The fact is, it is not easy but it certainly can be very profitable if you can … [Read more...]