My first rehab (sorta kinda)
Wednesday, May 28
Well, I'm finally into my first rehab. Its not my money that purchased the property and I have no equitable interest in the property but I'm doing the rehab. I've teamed up with a local investor who has flipped some properties in the past and I'm learning a good amount. My duties right now m...
How sweet it is! Failure that is!
Friday, March 14
I'm paging my way through Jack Cummings "Real Estate Finance and Investment Manual. 9th Ed." Its an overly whelming intimidating book of 600 pages of information on real estate with some very dry writing. After weeks I'm on page 59. Granted, I do highly recommend this book. In those 59 pages...
Leaving the door open with sellers who aren't so motivated
Saturday, February 01
I've taken a few notes from podcast 39 with Seth Williams on marketing to delinquent tax owners. I've got to say I've been very impressed with the results so far. With just one mailing to this list of just of only 100 I've already had some very interested sellers. A couple were duds right away ...
Don't forget about rental codes and deferred maintenance.
Saturday, January 25
I've been spending some time today going over the frustrating visit of a multifamily unit I checked out. I was very excited about seeing this property. It didn't need much in repairs and the seller was sounding very motivated. Unfortunately, the repairs are much more than I anticipated. It wa...
Mint.com offers a quick glance into your finances
Tuesday, January 21
After the new years one of my new goals has been to manage my money better. This has included setting budgets, tracking expenses and where my money goes, my debt, net worth and other things lenders are going to ask me. I spend a number of months doing a simple one page financial statement ...
Why I will do RE investing
Thursday, June 27
A new book I've picked up is "The Midas Touch" by Donald Trump and Robert Kiyosaki. In a snippet it talks about the characteristics of an entrepreneur. As I've been working through the book its gotten me to thinking more and more about why real estate investing for me is something I'm pursuing an...