Rehabbing
by Justin Pierce
| November 15, 2009
Rehabbing or flipping is almost 100% art. There are very few hard and fast rules. The goal, like in any business, is to maximize profit. Many times I have quoted the old saying that you make your money when you buy a property, and I stand by that statement. Once you’ve [...]
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Real Estate Investing
by Richard Warren
| August 24, 2009
Sometimes your best real estate deal may be the one you don’t make. As real
estate investors we are always looking for the next “perfect” opportunity. You look around and see potential everywhere and are afraid of missing out. If you aren’t careful it can lead to a fatal case of gotta-do-a-deal-itis.
In your quest to stay in the game you may convince yourself that a marginal deal is one worthy of your attention. Even worse, you may find yourself ignoring warning signs about the potential investment or the market as a whole. When you are knee-deep in the investment world it isn’t always easy to remain objective but your long-term survival depends on it.
Case in Point
A couple of years ago I was offered the opportunity to partner on a rehab deal. Another investor had found what seemed like a great opportunity but was short on cash. I had cash looking for an opportunity so I looked at the deal. It was an REO (foreclosure) in a blue-collar section of Las Vegas. It was an area that had reasonable demand and there was enough of a profit margin in the deal to make it attractive. I was in and we moved ahead with the plan.
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Joshua Dorkin
Charles Feldman
Ted Karsch.
Haunted Rehab?
by Jim Watkins | February 11, 2008This past week I saw a thread on the forum boards where an investor asked if anyone had experienced any type of ghost in any of the properties they have been involved in.
There was a fair amount of sarcastic answers which I thought were pretty funny and there were a few answers that were more [...]