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...
June 8, 2017
Here’s a story…
Of an ugly lady, that was dreaming of becoming a three-bedroom beauty.
Okay, so that’s a terrible revision of the Brady Bunch theme song. It was the best I could do. After all, I’m no songwriter.
The before and after pictures of the kitchen you see above a...
June 2, 2017
I love to shop for clothes at Ross.
Maybe it’s the bargain hunter in me, but finding a nice shirt or pair of jeans I like (and will actually wear) for $10 is fun.
However, the search is never easy.
It’s like a treasure hunt every time I visit the store. Rack after rack, I...
May 18, 2017
What if I told you that there was a database full of valuable real estate information that could earn you hundreds of thousands, and possibly millions of dollars?
How much would this be worth to you?
What would you be willing to do to have access to this precious data?
May 12, 2017
The sound of the kitchen drawer closing was all it took.
My brother and I would race to our room and hide under our beds. And my Mom, she would follow close behind with the dreaded yellow plastic spoon.
Used primarily to stir up the chocolate cookie chip dough...
May 4, 2017
He sat in the back of the room.
While the instructor explained the foreclosure process to a packed class full of Realtors, this man quietly leafed through a large stack of papers.
My curiosity got the best of me.
So, during the break I pulled the guy aside and asked him w...
April 27, 2017
I see it all the time.
A turquoise painted kitchen…
A balcony and staircase (in a spare bedroom)…
Mushroom cabinet hardware (not mushroom-colored, but hardware with actual pictures of mushrooms on them)…
A garage access door cut into the wall of the master bedroom closet…
April 20, 2017
If you’ve spent much time studying the business of real estate investing, specifically fixing and flipping houses, then you’ve probably heard of the 70% rule.
It goes like this…
If the after repair value (ARV) of a distressed home is $100,000, then you should never pay m...
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