A Warning to the out of town buyer, don’t chase rainbows.
Wednesday, July 27
A Warning to the out of town buyer, don’t chase rainbows.My started off with a phone call from a Connecticut investor friend of mine. My friend was trying to help a New York investor who was in over his head. The NY investor had about a house to flip in North East Pennsylvania. My friend knew t...
Now is the best time to be in real estate
Tuesday, July 26
Now is the best time to be in real estate.I get a lot of questions from new investors about waiting for the next bubble to pop or for interest rates to do something or whatever crap they have in their head. Listen to me carefully, now is the time to be in real estate. Now is always the time to b...
Do you need a partner?
Friday, July 22
Do you need a partner?A lot of new investors and some seasoned one will feel the need to take on a partner when they enter into the real estate investing business. This can be a good thing, this can also be a terrible thing. It all depends on who your partner is and why you want them as your pa...
How to get the money no matter how big your deal is.
Sunday, July 17
How to get the money no matter how big your deal is.You hear a lot of the guru types saying things like “find the deal and the money will come”. They put it out there as if some magic genie is going to suddenly appear out of a lamp and hand you a pile of cash. In the real world there is a bit m...
The art and science of figuring out comp prices.
Saturday, July 16
The art and science of figuring out a comparable or comp price for a house.Before I get too far into the weeds here I want to talk about why comps are so very important to real estate investors. For starters, without being able to determine a comp value, you have exactly zero ability to determin...
There is no need for me to go to law school
Saturday, July 16
There is no need for me to go to law schoolLet me be 100% clear here. I am not a lawyer but I provide partial employment to a herd of them. The reason that I pay lawyers is because they went to law school. I could go to law school if I really wanted to go. I could sit in a classroom for the nex...