Infinite ROI. Thats your goal
Friday, July 07
I have bought and sold hundreds of properties and I have represented well over 1000 clients in my real estate agent and real estate investor career. The question I am asked a lot is what is a good ROI. My answer simply. INFINITE. If you do it correctly and buy right you can use OPM to buy every p...
Gee Wiz the current owner only paid X for the property. WHO CARES
Monday, June 19
Why do a lot of folks get caught up on what the current owner paid or wholesaler is going to make on the deal. WHO CARES. Are you going to make money or not! That should be your only concern. Of course try to negotiate the best price and terms but if the previous owner is going make $1 Million do...
If it looks too good to be true then__. If it was easy then _____.
Friday, June 16
Listen I am not want to step on anyone's dreams. I am a dreamer myself. But if a deal looks too good to be true then it most likely is. You have to be an optimistic person but you also have to sprinkle in some skepticism. Look at each deal with both eyes wide open. Sometimes sleeping on it does ...
I Hate Rule Of Thumbs
Thursday, June 08
I just answered a post about some 50% rule of thumb thingy. I am not a fan of rule of Thumb. if it was that easy and just plugging numbers into an online accounting tool then everyone would buy real estate and be successful. I buy 4-8 properties a month and I never use a rule of thumb. You can cr...
To Evict or not to Evict? That is the question.
Wednesday, June 07
We manage nearly 700 units and we hear every story you can imagine from my dog ate the rent check, oh yea we dropped off the money in your drop box, I thought my room mate paid the rent, I am not paying rent I saw small piece of mold in the basement I am calling the health department to I have be...
Whats an acceptable ROI?
Wednesday, May 31
If I had a dollar for every time I was asked this question... Here is my standard answer that is 100% accurate. It Depends.It depends on so many other variables. What is your business model? Are you buying commercial, residential, new construction etc..? How much time do you have to devote to R...