Why you should investigate you buyers home inspections
Tuesday, December 26
So you bought a house to flip, did a jam-up rehab on it, and already have it under contract with some buyers who love it. Things are going great. During the due diligence period, the buyers pay for a home inspector to go out and look the place over.Then it happens. Your agent calls and says, afte...
A teachable moment, the personal property abandonment clause
Monday, November 27
On a recent workday, I walked out of the door of a house we’d purchased the previous week and got into my truck. To quote Peg from the PBS show my kids watch, “Peg + Cat,” “I’m free-e-king out!”When I arrived at the house, we found it was still completely full – as in, the seller hadn’t moved yet...
Why master leasing makes sense
Monday, November 27
Repairs on rental property you own can kill your cashflow. So far this year, our rental repairs have consisted of three field lines, one roof, lots of AC calls, a water heater, a water main and a big subfloor repair. All these amounted to about $30,000 in out-of-pocket expense.Think about that nu...
A tale of two rentals
Monday, November 20
Many people make the claim that owning rental property is the best way to get out of the rat race and achieve long-term financial success. I happen to be a proponent of rental property. That being said, I’d like to challenge the above statement and see if it’s completely true. I will do that with...
The next 66 days can change everything
Monday, November 20
Gary Keller, founder of Keller Williams Realty, wrote a fantastic book called “The One Thing.” In it, he challenges some modern ideas about multitasking, its effectiveness and its impact on the successfulness of your career.His basic conclusion is that multitasking is a farce. He sights a study p...
America is land of abundance
Tuesday, November 14
I read a familiar story with Ashley and the kids last night out of the biblical book of Numbers. In chapter 13 we read that Yahweh had just led the children of Israel out of Egypt, they’d organized themselves into an army, and were planning to spy out the Promised Land.They chose 12 men for the r...