The Tyranny of Not Being Accountable to Someone
Wednesday, April 30
One of the most important things in real estate or any business is being held accountable. This can be especially difficult as an entrepreneur or "your own boss" as so many of us desire to be. But I can't stress the importance of being held to account for your performance. For examp...
Sandor Lau on Note Investing
Tuesday, April 29
My friend and colleague Sandor Lau gave a very good talk on note investing. He aims at buying non-performing seconds behind performing firsts for something like 10 to 20 cents on the dollar. You can visit his website here, and below is a talk he gave on the subject that should help any who ar...
Anatomy of a Re-Trade
Saturday, April 19
One of the best deals we've ever gotten was a small fourplex in Grandview, Missouri that was vacant, bank owned and in need of repair. Each unit had these massive aluminum windows in front that made the whole building look extremely dated (and horribly energy inefficient). Furthermore,...
Prices Are Going Up (at least for now)
Monday, April 07
I was pointed to this video some time back, which is a bit dated, but is a great discussion of why, for now, prices are bound to rise. And it's been proven accurate so far. Basically, banks are not selling their shadow inventory like before but are instead working out more arrangements with h...
Buy and Hold: How Stewardship Properties Does It
Sunday, April 06
I am currently a partner in Stewardship Properties with my brother Phillip and father Bill. We focus on buy and hold in Kansas City with a target of houses and small multi-families. I thought I would share with you our introductory video that might give you some ideas on how to get started in ...
Walk... Every... Unit...
Monday, March 31
A friend of mine, in the midst of a bad divorce and after a long look for a new real estate project, purchased a 40 unit apartment while relying primarily on a subordinate to do the "grunt work" of the due diligence. Yes, he walked the property, but he didn't go into each unit or even mos...