Posts Tagged: Home Buyer
Behold, the Power of Debt in Real Estate Investing. Watch what it does to the rental I bought today in North Carolina.
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 MoreHOME FLIPPING PURCHASE PRICE FORMULA
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 MoreDC Home Prices & Increased Competition Make House Flipping Risky
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 MoreI Sued A Contractor & Won. But Was it Worth It?
Sure, if a contractor cheats you or underperforms you can take them to court. But, is it worth the time, effort and upfront cost? Here’s how it went for me when I took legal action against a contractor.
Read MoreYou Can Sell Your Own Home and Save Big on Real Estate Commissions
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 MoreThe Downest and Dirtiest Guide to Real Estate Flipping
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 MoreHow to Get Poor Quick in Real Estate Investing
I got a call out of the blue the other day. It was an investor whom I’d never met before. She had seen one of my listings on the same street where she had just put a contract on a home. Her home was a foreclosure. I knew the home and I knew what it…
Read MoreQuestion: Should I buy a home for $315k that is worth $380k?
Hi Justin, I love your column, and was wondering is it worth it to buy a $315K home with 20-30K of renovation costs, when comps are $380K? Thanks, Robert Robert, Thanks for connecting and thanks for reading my column. Your question: Is it worth buying a home for $315k when it needs $20-30k in repairs…
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