Does Your Finished Fix and Flip Say “Pow!”? My brother, Curtis, needed a suit. And since he was a 25-year old news cameraman residing in Phoenix, Arizona, his closet was devoid of any fashionable formal wear. Our family was about to embark on a 7-day/night cruise to the Mexican Riviera. One of these evenings on the ship would be spent sipping champagne and dancing in the ballroom. If Curtis showed up in a t-shirt, shorts and flip-flops to the captain’s party no doubt access would be … [Read more...]
Fixing and Flipping Houses: A Business or a Job?
August 16, 2012 By Leave a Comment
Fixing and Flipping Houses: A Business or a Job? Here’s an important question for you – is this fixing and flipping houses thing going to be your business or an odd job? In other words, are you going act like a business owner and hire employees to perform the work associated with rehabbing the house, or are you going to hire yourself to do everything?I believe it should be every fix and flippers goal to work on their business, not in their business. My partner and I don’t demo, paint, … [Read more...]
Real Estate Networking: Cup of Coffee Persistance
August 13, 2012 By Leave a Comment
Real Estate Networking: Cup of Coffee Persistance Before I begin, ask yourself which statement you’d like to be said about you: A) “This guy/gal is persistent to the point of driving me nuts! ”B) “This guy/gal seems to be pretty lazy with their lack of initiative and motivation.”Both statements do contain a hint of negativity as no one wants to be annoying; however, if your annoying of someone is being caused by your passion for persistence, then I would argue that is … [Read more...]
How to Make Millions From Flipping Houses! (And Also Some Real Advice…)
August 5, 2012 By Leave a Comment
How to Make Millions From Flipping Houses! (And Also Some Real Advice…) You might call it obsessive, but I listen to Pandora Radio for at least ten hours a day.In case you are unaware of this amazing piece of technology, Pandora is an online radio program which plays only music that is similar to songs you already love. For example, if I only wanted to listen to songs like “Smells Like Teen Spirit,” I would enter that song in and would be presented with endless hours of music similar to … [Read more...]
Fixing and Flipping: Determining Target Price Point
May 31, 2012 By Leave a Comment
Fixing and Flipping: Determining Target Price PointThe G.I. Joe Jet. Man, did I want that toy. I remember my friend Robby and I drooling over it at the department store the summer of 1984. Together we owned every other figurine and vehicle in the collection – from the Ninja to the Jeep. Unfortunately, we never acquired the Jet. At $20 the target price point was too high. By the time we had enough cash to buy it we had moved on to a more expensive hobby – BMX racing bikes.The cash in your … [Read more...]
Door Knocking, Direct Mail and New Markets for Real Estate Investors
April 27, 2012 By Leave a Comment
Door Knocking, Direct Mail and New Markets for Real Estate Investors“Hello, my name is Marty. The company I work for asked me to drop by today to see if you’d be interested in selling your home. No? Well, if you change your mind, or perhaps you know someone in the area that would like to sell, please take my card and this information about our company. Thank you.”From 2004-2006, I used a variation of this script to knock on 60-80 doors every weekend. I was very strategic about the doors … [Read more...]
Why We Don’t Flip Real Estate as a Part of Our Business Model
February 15, 2012 By Leave a Comment
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...]
Our Real Estate Investing Model in Detail
February 9, 2012 By Leave a Comment
Our Real Estate Investing Model in DetailThe questions I get most frequently via email from the BiggerPockets audience are:- Can you tell me more about your model? - Why do you think it works? - Can I copy your model in my market? - How can I participate in it?Instead of responding to emails weekly around these topics, I thought I would take the time to write up a detailed review of our model. I will take you through a specific deal we have just locked up and hopefully answer the majority of … [Read more...]
Our Real Estate Investing Model in Detail
February 9, 2012 By Leave a Comment
Our Real Estate Investing Model in DetailThe questions I get most frequently via email from the BiggerPockets audience are:- Can you tell me more about your model? - Why do you think it works? - Can I copy your model in my market? - How can I participate in it?Instead of responding to emails weekly around these topics, I thought I would take the time to write up a detailed review of our model. I will take you through a specific deal we have just locked up and hopefully answer the majority of … [Read more...]
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Should I Video or Audio Record My Deal Signing ?
Should I Video or Audio Record My Deal Signing ?Most smart real estate investors have several clauses in their contracts to protect themselves. One of the many clauses I have is that the person states they are not under the influence of any drugs or alcohol and that nobody is pressuring them to sign. However, you and I both know that often contracts are pointless documents and people try and weasel out of them. Heck, just look at all the Americans who walked away from their houses because they … [Read more...]