Posts Tagged: finance
In my last post I talked about real estate market in Woodbridge Virginia and how it has evolved over the past ten years from a dead zone into a highly competitive market of investors and retail buyers. In order to get the deals in the market you have to pound the pavement. One of the…Read More
Just a quick little Friday post to tell you about this house I bought in Jacksonville North Carolina. That’s right, North Carolina. It is just outside Camp Lejeune Marine Corps base. It’s a little town in the South East region of the State. The house itself is less than 800 square feet. It has 2…Read More
In real estate, you make your money when you buy. It’s a common phrase in the business and no truer words have been spoken. Let that sink in. You make your money when you buy the property. Not when you sell. If you don’t buy the property right, at the right price and or terms…Read More
House prices are going. Construction prices are going up while quality work is harder to find. More competition from newbie real estate investors. This all makes the D.C. area less attractive and more risky for House Flippers.Read More
Newbie real estate investor try’s his hand at house flipping in the D.C. Metro Area & learns some tough lessons.Read More
Sure anyone can flip a home but not without the proper resources.
To get started you need:
1-Money.. but not necessarily your own money.
2-Real Estate Knowledge… at least the basics.
3-Team of Experts to fill in the gaps. No one knows it all.
4-Courage. You need big brass balls if you’re going to jump neck deep into this business.
Many people dream of building their own home. If your dream is to build yours in Arlington County then you need to be very careful in your planning, budgeting and team selection to avoid some of the snags I encountered. Of all the places in the Washington area where I’ve renovated homes or built homes,…Read More
If you’ve decided to sell your own home then make sure you’re prepared.
Before you do anything else make sure you know what you’re getting into. Be confident that it is possible to sell your own home. But, also be aware that it is a lot of work and it can be very frustrating. If you want to get top dollar for your home then you really have to put in the work. The listing agent on a home makes a very big difference. There have been many homes that I’ve looked at and wondered, why isn’t this home selling. It’s priced right. It shows well. Yet the home languishes on the market while surrounding homes go under contract. Then I call the listing agent and the reason becomes clear. A lazy agent can kill a deal. If the agent is not readily available, responsive, accommodating, knowledgeable and pleasant then it can really drag a property down. Very few people have a unique home. If buyers can’t get information and access when they want it then they just go on to the next home. You’re now your home’s agent; be a good one.Read More
An old Marine Corps buddy of mine recently sent me a message. He said he’s retired from the Marine Corps now and he’s interested in real estate investing, specifically flipping. He asked me if I could give him the down and dirty on the business. Flipping is a tough and risky business, don’t let anyone…Read More