Provo, Utah—Mr. Jim Johnson, the last remaining survivor of the little-understood 20th century profession known as “landlording”, died peacefully in his sleep on Tuesday. He was 101. The Last of a Breed With the death of Mr. Johnson, the last former practitioner of this exploitative (and now illegal) occupation, an era has ended. Mr. Johnson…
As the real estate market has warmed up, I’ve noticed a disturbing trend among real estate investors and wholesalers: they’re making the crucial error of becoming motivated BUYERS. You may be a motivated buyer if you: Find yourself trying to figure out how you can pay a seller what he wants, instead of making…
Last week, I shared a list of things that every real estate investor needs to pay attention to starting NOW so that the rewards you’ll reap 10 years from now will be there when you want them. These sorts of to-dos all fall into the category that Stephan Covey calls “Important but Not Urgent”: things…
Hindsight is, as they say, 20/20. IF ONLY I could go back to 2006, cash in all my properties, and use the money to short Fannie Mae stock. Sigh. But daydreaming that you could have had foreknowledge of something as earth-shattering as the real estate crash is one thing; continuing to act in ways that…
If you’ve been involved in any of the major national real estate education mills, even at the lowest “free workshop” level, you’ve been exposed to the idea that every real estate investor needs a mentor, or they’re doomed to complete failure and will probably live out the balance of their short, unhappy lives living in…