Posts Tagged: Real Estate Investor
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 MoreThe First Thing You Need to Know About Real Estate Investing
REAL ESTATE INVESTING IS RISKY AGGRAVATING BUSINESS. Don’t let the Guru’s tell you otherwise.
Read MoreBuilding in Arlington County: Nightmare
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 MoreChoosing Your Home Flipping Strategy
Back in May, I was presented with a little house over in Alexandria. The house was vacant and, of course, it was in really rough shape. It was also very small with only two bedrooms, one bathroom and a dated layout that would not appeal to the modern buyer. This little rambler had less than…
Read MoreOverpricing Your Home is a Costly Mistake
If you want to sell your home then you have a lot of decisions to make. One of the most important of all those decisions is the list price. Figuring out the best price for any home is much more art than science but it requires a very scientific approach and evaluation of things that…
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 MoreMoney is the Root of a Lot of Good
Our minds like to set up quick and fast rules. These rules help us quickly evaluate situations and make decisions about how to proceed or if to proceed. All of our daily decisions are like math equations. Our minds like to preprogram acceptable values for as many variables as possible in advance. You know, fire…
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…
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