As I learn more about myself and my business, I realize how little I really know. Don’t get me wrong, my business is successful, but sometimes the filters I wear as a business owner and entrepreneur keep me from seeing the entire truth. Sometimes it’s ego or pride. Sometimes it’s perspective. When the filters are…
In last week’s e-lesson, I talked about how awesome it would be if Dodd-Frank were repealed and we could go back to doing work-for-equity deals for folks with more skills and time than money and credit. At the end, I sort of felt like I’d only told half the story, because, like any real estate…
When you read this article, you’ll see why Wendy Patton is my favorite “pretty house” expert. She’s got an understanding of creative financing to a depth that only comes from years of experience, and she has a very precise way of pointing out the pros and cons of different strategies. She’s written several books on…
There’s been a lot of chatter lately about a possible repeal of all or part of the Dodd-Frank Act and what that might mean to housing in general and small real estate entrepreneurs in specific. If you’re wondering how an omnibus finance-regulation law affects you at all, here’s the quick answer: If you SELL houses…
What are the consequences of selling that property you have held for 15 years? You may walk away with some cash, assuming you haven’t refinanced the property. If you have refinanced the property and taken cash out, you may find yourself owing more in taxes than you get when you sell. By the time you’ve…