Guest Blogger Robyn Thompson: How to Build Your Dream Team of Contractors

In my business of rehabbing and reselling house, it’s impossible to make any money without the right contractors: those who get the job done on time, on budget, and right. Novice retailers usually don’t have such people at their fingertips, so how can you build a team of good contractors? The answer is by following...

IC ELesson: How Wholesalers Get Sued

In my lectures about wholesaling, I often say, “Wholesalers don’t get LLCs because they need the asset protection; because of the short-term nature of our deals and the fact that our buyers are professional investors, we’re not as subject to liability as people with tenants or who sell to emotional homeowners. We get LLCs because...

What Are You Waiting For? Get Started, Already…

Just this morning, I was having yet another conversation with a fellow educator about the frustration we have with students who have the brains, education, and resources to make deals—but who, month after month, do everything BUT make deals. We discussed people who spend big bucks on courses, set up their LLCs, draft land trusts,...

IC Elesson: What to do in a “Multiple Offer Situation”

As listed inventory throughout the U.S. continues to shrink, I’m getting this question more and more often: “What do I do when I make an offer on a property, and I’m told that we’re in a multiple offer situation and I’m asked for my highest and best offer?” A “multiple offer” situation is exactly what...

IC E Lesson: How NOT to Market

If you’ve ever heard me talk about marketing, you’ve probably heard me say, “Any marketing works better than no marketing at all.” And I stand behind that statement, as long as you also listen to the rest of it, which is, “But it’s worth it to do GOOD marketing, because GOOD marketing gets you a...