As you probably know, evaluating properties is one of the most important skills an real estate investor has to develop. Unless you can figure out the value and repair costs of a property, there’s no way to make an intelligent offer. And there’s a particular evaluation error that I see over and over in your…
There’s been this thing going around the real estate investing world for the past few years about being “debt free”. It echoes a movement in the larger culture that has been championed by Dave Ramsey and his ilk that is a probably much-needed reaction to the too-easy availability of consumer credit in this country since…
I have a friend in Colorado Springs who owns a bank. Several years ago I complimented him on his employee retention. My banker and I both understand that his most important assets walk out of his bank each night to go to their respective homes and that his job is to get them to come…
This month’s deal evaluation comes from FastTrack member Derek Christian, with whom I spent some time last week going over the success of his first 4-family deal, in a borderzone area in Cincinnati called Price Hill. Derek chose the unusual asset class of 4-families for the same reason that most people avoid it: it’s a…
When I started wholesaling real estate around 15 years ago, I was exactly like you probably are today—scared to make lowball offers, uncertain that I’d be able to sell my deals, and perfectly willing to fritter every day away designing logos for my business rather than dong the scary work of making deals and selling…