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Commentary

How to Know if You’re a Wholesaler or Fix and Flip Investor

He was angry. And who could blame him? This man was going through a very stressful experience. Behind on his mortgage payment and facing foreclosure, no doubt he’d already received dozens of phone calls from his lender. Followed by an endless stream of letters from distressed property buyers offering to pay cash for his house. So when I knocked on his door and asked if he was intereste...
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Why You Must Have This Before You Start Fixing and Flipping Houses

They all looked so… Desperate. Tired too. As the speaker, slickly dressed in a dark blue suit and matching tie, addressed the half-full room I could feel the sales pitch rapidly approaching. I recall looking around at the attendees. Could any of them really afford the real estate investment program this guy at the front of the hotel conference room was about to sell? Probably not...
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The Best Real Estate Investment Advice Ever

I've done a lot of dumb things. I've said a lot of dumb stuff, too. As a matter of fact, most of my day is spent just trying not to say, or do, anything dumb. For example, my wife once sent me to the grocery store for a ham hock. She needed it for a dish she was preparing. I circled the entire meat department at least three times. The butcher, sensing I couldn't find what I was looking for, ask...
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5 Lessons Learned From a Bad Fix and Flip Deal

He was like an angel, hovering three stories above the ground. Okay, he wasn’t really hovering. This contractor, likely sent from Heaven, was actually standing on a 32-foot extension ladder. His name was Santos. And, he’d come to our rescue. It was a chilly October afternoon. Dressed in a red sweatshirt and a warm smile, he climbed to the top peak of our Victorian rehab in Wauwatosa, ...
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6 Ways to Immerse Yourself in the Fix and Flip Business

She was upset. My youngest daughter, Audrey, didn’t want to be the red fish in the school drama club performance of Seussical the Musical. To her, the role was small and unimportant. Audrey was in the 4th grade at the time. And fortunately, she didn’t get too discouraged about receiving such a brief appearance in the show. As a matter of fact, the experience made her work that much har...
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Why IKEA, Fixing and Flipping Houses are Alike

house made of tools
I love IKEA! Why? Because IKEA makes me look like a master craftsmen when I see the finished product I just built. Although there are specific and detailed instructions to get to the finished piece, there is a small step that most people miss because it’s not numbered. That step is the little diagram that tells you how many pieces there are and what tools to use to complete the project. Y...
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Don’t Be Fooled By The Success of Other Investors

money from the sky
Handy Joe with a full time job and a family of five just said he made 30k profit on his first deal using no money that took less than a month. Then there is Nellie Homemaker that now “controls” over 80 properties in 1 short year. It probably sounds too good to be true right? Well, it must be true. You saw it on your Facebook feed last night and if it was on Facebook it has to be true. Wha...
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Why Do You Want to Fix and Flip Houses?

house with wrench
No, really. Why do you want to fix and flip houses? Is it because you saw a reality show and decided “Hey, that looks easy, I can do that”? Or perhaps there’s a vacant house on your street badly in need of repair. You think to yourself “if only I could find the owner of that property, I could fix it up and make a ton of money.” Maybe you’re in love with the idea of finding an ugly, outdat...
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Fixing & Flipping Real Estate: Strategies for the Post-Boom Era

“Have you ever considered writing a book?” Jeff Olson, Executive Editor for Apress Publishing called me back in April after reading this blog. He wanted to know if I ever considered writing a book about fixing and flipping houses. I told him that the thought had crossed my mind. Naturally, I was a little skeptical. Was this some sort of scam? Was this Jeff Olson guy full of it? It’s not ever...
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America – The Land of Subjectivity

As I sit here this morning and sift through my Facebook timeline and Twitter feed I can’t help but wonder – where did America’s sense of objectivity go? Or is it possible the citizens of this country were always this hopelessly subjective and the big mouths like Rush Limbaugh, Sean Hannity, Bill Maher and Rachel Maddow just poured fuel on the fire by building a broadcasting business of out polariz...
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