Archive of J Scott's Articles
J has written 27 article(s) for the BiggerPockets Blog.
Rehabbing by J Scott | April 28, 2010It’s been a relatively tough real estate market for rehabbers/flippers for some time now, and with the home-buyer tax credit getting ready to expire at the end of this week, it’s likely only going to get tougher. That said, for smart rehabbers who know how to buy right, rehab right, and sell right, there is [...]
Rehabbing by J Scott | April 25, 2010 
As any investor who has ever sold a property to an FHA buyer knows, there is at least one mandatory FHA inspection that must be completed by the lender prior to the closing of the property. I often get asked what types of things do FHA inspectors/appraisers look for during these FHA inspections, and what [...]
Read the full article → Real Estate by J Scott | April 14, 2010In my opinion, the most difficult aspect of being a first-time house flipper is managing your contractors. Perhaps it’s because I came into this business with no construction experience, or perhaps I’m just not a terrific “people person,” but regardless, on my early flips, ensuring that my contractors performed to expectation was by-far the most [...]
Real Estate Investing by J Scott | April 7, 2010For anyone planning to get into the business of rehabbing houses(even as a hobby), let me recommend that you have a consistent paperwork regimen with every contractor you hire, regardless of whether it’s a $100 project or a $100,000 project. For the most part, the risks are the same, and amount of effort to mitigate [...]
Real Estate by J Scott | March 31, 2010In today’s blog post, I want to talk a about Real Estate Contract Contingencies — what they are, how they’re used, and some rules for using them in your contracts. For those who aren’t familiar, a contingency is a statement (a “stipulation” it’s sometimes called) that is added to your contract that will allow you [...]
Real Estate Tips by J Scott | March 24, 2010 
I love to negotiate! Whether it’s buying furniture off of Craigslist or being part of a multi-billion dollar corporate merger team (I’ve done both), I love the challenge of trying to get a great deal for myself while at the same time making the other person feel like they got a great deal too. And [...]
Read the full article → Flipping Houses by J Scott | March 17, 2010Last week, my blog post discussed my method for determining the maximum purchase price you can offer for a property that you plan to rehab/resell or wholesale. In the formula I presented, I referred to “Fixed Costs” and I mentioned that I know my Fixed Costs to be about $17,000 on a typical project. I [...]
Flipping Houses by J Scott | March 10, 2010 
The question I get most often from new investors looking to break into flipping or wholesaling is, “How do I determine the maximum purchase price I should pay when trying to buy a property I plan to rehab or wholesale?” Most investors have some quantitative analysis technique they use for determining their maximum purchase price [...]
Read the full article → Realtors by J Scott | March 3, 2010 
Last week, my BiggerPockets.com blog article discussed the pros and cons of “Getting Your Real Estate License”… With that post in mind, I wanted to throw out some additional thoughts for those people who want to or plan to get their license to buy/sell their own properties. While the logistical parts of being a real [...]
Read the full article → Real Estate Investing by J Scott | February 24, 2010Not a week goes by where I don’t read a thread on BiggerPockets or receive an email asking the question, “Should I get my real estate license?” For anyone planning to become a long-term real estate investor, it’s a tremendously important decision that should be given a lot of thought. And while you can read [...]
Rehabbing by J Scott | February 17, 2010[Big Disclaimer: I am not a lawyer and I don’t play one on TV. The information I provide below is just my opinion based on my experiences, and shouldn’t be construed as anything more than that…it certainly shouldn’t be construed as legal advice. If you have any questions about the legal aspects of what I [...]
Real Estate Investing by J Scott | February 10, 2010 
Introduction As this is my first blog post on the BiggerPockets Blog, I thought I would take a couple sentences to introduce myself before I jump into my topic of the day… My wife and I are business partners, investing in real estate passively for several years, but we have only just started to “get [...]
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