Real Estate Success and Failure: Separating Winners from Losers
Sunday, May 31
As easy as it looks on DIY, HGTV and other similar networks, there is a common theme in these shows that separate long-term success from those who quit and move on to the next Hot idea. Key elements of that theme include: Determination + Knowledge + Skill.Determination: firmness of purpose; resol...
HGTV Myths: How TV is NOT Reality!
Sunday, May 24
The star of the show goes to the county auction, or negotiates a killer deal on the distressed property. We are shown the planned timeline, costs and projected sales price. Great so far.Then the drama begins. The house is in worse shape than originally thought. Hoarders left their life behind; in...
You Are Not The Customer: Style vs Cost Discussion
Saturday, May 16
As a professional residential real estate investor/contractor, I see a lot of houses in various stages of completion or deterioration. One thing I am seeing more often is a completed flip sitting on the market for longer than expected periods. There are several potential reasons for this. However...
When Inexperience Meets Bad Judgment: A Case Study
Monday, May 11
Just this spring a young and inexperienced investor approached our company about an issue with his flip house. It seems he had purchased the house from another investor who had started work but was unable or unwilling to complete the project. There was an incomplete office/bedroom addition at th...
Investor, Know Thy Customer! Who Is Your Buyer?
Saturday, May 02
Whether employing the ‘fix & flip’ or the ‘build-new’ strategy, one factor that must always be considered when establishing the value of an RE investment: Location!Two derivatives of that postulate that are also true and affect project ROI are the Customer and Local Codes. An example may help...
HGTV Myths: How TV is NOT Reality!
Sunday, April 26
The star of the show goes to the county auction, or negotiates a killer deal on the distressed property. We are shown the planned timeline, costs and projected sales price. Great so far.Then the drama begins. The house is in worse shape than originally thought. Hoarders left their life behind; in...