Saying No is an important part of this business
Thursday, July 21
So just last week I locked up a great deal with a chance of being the best deal we have ever done and that is saying something!!! Let me set the stage for you. It was an REO in a nice part of town that is getting a lot of investment dollars from other investors and local government. I would sa...
How to Fix Housing, Employment and The Economy (Part 4)
Friday, July 15
It probably comes as no surprise to you that I feel Investors will play a critical role in turning this situation around. However, before we review the investors role let’s review the environment we have established with the first three parts of this series.First thing we discussed is stopping a...
Deal Review: Farm Area Again
Sunday, July 10
The Basics of the Deal: “Farm Area Again” was purchased for 38K and offered us the cleanest REO property yet. The metal privacy fence in the front yard alone had to be worth 2K+ and will be a strong plus for future renters. We called this “Farm Area Again” because it is the third prop...
How to Fix Housing, Employment and The Economy (Part 3)
Thursday, July 07
In the first two part of this series we talked about the Government needing to take an active role followed by the Banks needing to be the oil or grease that kept the system functioning. Well the Builders need to become change agents in the short term. I call them change agents as most builders ...
June Wrap Up
Friday, July 01
Can you believe that half of the year is already behind us? Anyways I wanted to write up a quick summary of June highlights in our business. 1) First we completed the Rehab of the Ugly House and turned it into No Longer the Ugly House2) We closed on 2 more deals at the end of the Month - names t...
How to Fix Housing, Employment and The Economy (Part 2)
Wednesday, June 29
So if the Government is the only organization large enough to lead and create the incentives that drive housing forward, the banks must become the oil that keeps the system humming. Just like the first part I am not talking about or even looking for handouts. In fact if a few banks take the lea...