My First Remote Out of State Turnkey - 18 Month Report Card
Sunday, April 24
This Birmingham, Alabama property was put into service in September of 2014 and was the successful beta test to prove the concept of remote out-of-state investing. I acquired the property from a marketer that makes connections with the rehabbers in certain markets and finds buyers such as myself ...
Tales of a Non-Real Estate Networking Event
Friday, April 22
I went to a general meetup of professionals. I don't really know what I was looking for since I was not really looking to sell anything but I was curious because it seemed like a nice downtown venue and with over 100 participants. Unfortunately, the crowd was a bit tough to break into (I'm not th...
Why the View is Best at the Top
Sunday, April 03
Warning - Paradigm shift ahead! In the old Caste System people were split up in ranks to keep lower class people from rising up and keep those in power where they are whereas today, money/mindset is the real separator of the masses. When I first got started in Real Estate investing I was lucky to...
Cap Ex Assumptions and Rule of Thumb & Chart of Life
Friday, April 01
Capital Expenses (Cap Ex) are the large items that are not repairs or maintenance. For example roof, water heater, HVAC, flooring, paint, cabinets, landscaping, windows, etc. Here are three ways to calculate it:1) Just use 1 months rent (this was what my unsophisticated 1st Property Manager said)...
Books! Books! Books!
Saturday, March 26
Folks have asked me where should I start in terms of books since everything that comes from a BP legend needs to be taken in context. Here are the fab four books and trifecta of business books that everyone should read IMHO:Books - In this order1) Rich Dad Poor Dad2) Millionaire Real Estate In...
Turnkey Wait Lists? Really ?!?
Monday, March 14
I have bought a bunch of turnkey rentals and never once did I buy with a wait list. For those of you who don't know wait lists are, when you the buyer are forced to wait in a queue for a property and is first in line for purchase a property you have first right to purchase or pass it to the secon...