August 7, 2018
We have a saying...
Fixing and flipping a house is simple, but it’s not easy.
That’s because fixing and flipping a house is a process. And like any process, once you learn it, it’s simple to repeat.
And the reason it’s not easy?
Well, that’s because few people in this worl...
October 25, 2017
It’s not that I don’t like cats.
I mean what’s not to love about a pretentious, ungrateful animal that poops inside your house and sleeps 20 hours a day? Sounds a lot like a few roommates I had back in college.
A few years ago, my wife noticed a lump on the side o...
September 11, 2017
It was an iconic movie moment.
The wise instructor, with receding hair and a gray goatee, was about to teach his pupil an important lesson.
Wax on, wax off.
I saw The Karate Kid for the first time in a theater near my home in Yuma, Arizona back in 1984. In what quickly be...
August 4, 2017
There is a word in the lexicon of real estate investing that really bothers me.
This word is used freely, especially among those in the industry that like to promote their opportunity to the unsuspecting masses.
That word is killer.
A few days ago, I received a message on...
June 29, 2017
Have you ever noticed that a gallon of milk costs the same in just about every store?
The same goes for a gallon of gas.
And a loaf of bread.
Economists call this “pricing efficiency”.
Unfortunately, there’s nothing efficient about estimating rehab costs. Pricing for labor...
June 22, 2017
It’s part art, and part science.
Determining the market value of your fix and flip project is THE most important step of the fixing and flipping process.
Because you make your money when you buy, not when you sell.
You can’t decide on an offer price until AFTER you kn...
June 15, 2017
Or two, three, four, five…
Since last December, it’s been six.
Six different reality TV production companies have contacted Manny and I over the last 7 months. Their agents find our videos on YouTube and say they want to do an interview and cast us in our own sho...
February 17, 2017
He was standing on the outer fringes of the crowd.
I don’t remember his face, only the writing on his T-Shirt. The words read…
There is no problem price can’t fix.
The man was a bidder at the Maricopa County Trustee’s sale. Held daily on the courthouse steps in downtown P...
February 9, 2017
It was March of 2012.
I was in Denver at the BiggerPockets.com real estate investment summit to teach an evening session on fixing and flipping houses.
At this conference I met a very intelligent man named Steve Cook. He told me he used to work at the National Associatio...
January 19, 2017
When I first learned that my wife was pregnant 14 years ago, I was certain we’d have a boy.
I’m not sure why. At the time I guess I figured I was a boy, and my only sibling was a boy. Plus, I wasn’t good with girls. In elementary school I had no interest in them. And by...
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