Making expensive houses cash flow
Thursday, January 17
As I am not a local I don't know if y'all do this all the time but I thought I would tell you about a deal last week we completed.Large 5 bed 3 bath home for sale in a Blue Chip area.Price had been reduced from 349K, to 319K to 309K and had just dropped to 299K.A phone call to the realtor establ...
Get in, get out, get paid
Wednesday, January 16
I guess "investors" fall into 2 groups. One team wants to build passive income and go and semi retire and the second group actually loves real estate and just wants to make a living out of it.I find that a lot of people don't understand that these 2 sides of real estate should, in my opinion, hav...
New to flipping? How to avoid the pain trap.
Tuesday, January 15
I see a lot of posts on BP from people either feeling discouraged or struggling to get their first deal done.We are wired to respond to reward, we all move towards pleasure and away from pain right?So the difficulty when you get started is that your bank account shows you a lot of pain until you...
Six Months in America
Monday, January 14
I arrived here in August having only ever worked with turnkey providers here and so was starting from scratch in terms of finding my own deals for clients.What have I learned so far, (subjective comments of course).NEGATIVES1. A lot of professionals make real estate transactions difficult inste...
More Memphis Bad Behaviour
Sunday, January 13
I talked a while ago HERE about wholesalers misbehaving in my city. Now a high profile conveyancing attorney has been indicted for providing false closing docs to a lender to defraud the lender LINK.I have had plenty go wrong in my career including bankruptcy, dishonest business partners and dea...
The Power of Networking
Tuesday, November 20
4 years ago all I knew about Memphis was that Elvis was from there and there was some song that talked about walking there. I had been tothe USA once and knew zip aboutthe real estate market here or how your market operated.4 years later I am helping people around the world invest in Memphis and...