Risky Business Part 1: How to Minimize Tenant-Related Risks
Thursday, January 04
Editor’s Note: This article is the first of a three-part series. For more information on minimizing real-estate risks, check out Risky Business Part II: How to Minimize Property Risks and Risky Business Part III: How to Minimize Economic Risks. All investments come with risk, and real estate is ...
When Did You Decide To Buy Someone Else A House?
Wednesday, August 31
When I was in my mid 20's I was looking at purchasing a really old (1930's) two story Victorian in rough shape for like $15,000 (a strategy I would never recommend). The tenant was paying like $600 per month, and she declared with great pride that, "I have lived in this home for 29 years and 11 ...
HGTV Type Shows: Reality or Just TV?
Wednesday, July 20
For years my wife hated it when I would watch "Designed to Sell," "Flip or Flop," "Flip This House," or "Curb Appeal." She said that since we were living it on a daily basis, doing 10-25 home renovations per month that she absolutely didn't want to watch it during prime time television where she...
If I Were Starting Over: What Would I Do Differently?
Tuesday, June 07
As a kid I spent a lot of time in my Grandfather's real estate office on Center Street in Provo, UT. Part of that may have been the old time Coke machine that offered chilled bottles of Fanta Red Cream Soda, and a t.v. that I could watch Dr. J do his thing. Grandpa had done really well investin...
If We Can Do This, You Can Too!
Friday, June 03
Fifteen Years Ago I Would Have Said You Were Scamming Me!So, that probably sounds pie in the sky, and sixteen years ago when I bought the complete Carleton Sheets course for $99 (the call center people wanted $5,000 with a coach thrown in) I would have said it was too! (If you want to skip my st...
Ten Takeaways From 3,000 Renovations: Don't Be Fooled!
Friday, May 20
We started buying and renovating income producing buy and hold/wholesale properties as well as flips back in 2000. After doing over 3,000 doors as a team, there are so many things that need to be taken into consideration to ensure project success. Here are Ten Takeaways that I hope will make y...