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How to Determine the Foreclosure Discount in Your Real Estate Market

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 Association of Realtors as the vice president of public affairs. As it turns out, Steve was also at the BiggerPockets.com summit to l...
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House on a Busy Street: Profit Killer or Killer Profit?

They say there’s no problem price can’t fix. As a matter of fact, I say this all the time to just about everyone that brings me a distressed property deal. Does the house need a new roof? Easy, take an extra $7,500 off the asking price. What about the HVAC system, does it work? No? Then give me a $4,000 discount. However, after almost 15 years in the real estate business I still have a...
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The Question Every Fix and Flip Investor Should Ask

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 the time I was interested in girls, they had no interest in me. My biggest problem was I didn’t know how to talk to them. I...
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3 Ways Lazy Fix and Flip Investors Find Deals

“I will always choose a lazy man to do a hard job because a lazy man will find an easy way to do it.” - Bill Gates (maybe) The first thing a lazy man does when writing a blog post is start out with a famous quote. Unfortunately, according to Quote Investigator, Bill Gates never said, “I will always choose a lazy many to do a hard job because a lazy man will find an easy way to do it.” Nei...
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