Tenth Commandment: Thou Shalt Be Nice
December 23, 2024 | 3.5 Minute Read TENTH COMMANDMENT: THOU SHALT BE NICE It’s such a simple rule, but it’s powerful: Be nice. This advice applies to business and life alike. Unfortunately, we’re human—flawed, emotional, and sometimes short-tempered. We all have good days and bad days, and occasionally, we let our frustrations show. Speaking from […]
Why Every Investor Needs a Mastermind Group
December 23, 2024 | 4 Minute Read Since 2015, I have been part of a real estate investing (REI) mastermind group. Prior to that, I was more of a maverick (and still am) — focusing on self-study, networking locally with other investors, and simply doing deals. However, I felt something was missing: the ability to […]
How I lost $10K with a Lead Gen Service
December 16, 2024 | 4.5 Minute Read Back in September, we were preparing to hire a reputable outbound lead generation service outside our market to manage our cold calling. Then, a local investor I knew, a well-known wholesaler, approached me with an offer to use their lead generation service at a significant discount. Although we […]
Ninth Commandment: Thou Shalt Respect the Game
December 16, 2024 | 4 Minute Read NINTH COMMANDMENT: THOU SHALT RESPECT THE GAME “Respect the game.” Anyone who has spent time with me in a business setting has probably heard me say it. And it’s more than just a saying, it’s a mindset that has consistently guided me in the right direction. Why? Because […]
Setting Goals to Buying a Turnkey Rental
December 2, 2024 | 3.5 Minute Read Buying a turnkey real estate investment property—one that is fully renovated, rented, and generating income—can be a low-effort way to start or expand a real estate portfolio. However, success in this type of investment requires clarity about your goals and well-thought-out strategies. First, you need to establish clear […]
Sixth Commandment to House Flipping: Build Relationships
November 25, 2024 | 3.5 Minute Read SIXTH COMMANDMENT: BUILD RELATIONSHIPS Relationships, whether personal or professional, aren’t about chasing people down. They’re about being your best self, putting that self out into the world, and allowing the right people to be drawn to you. In other words, attract, do not chase. So far, we’ve […]
Fifth Commandment to House Flipping: Do Not Advance Money to Contractors
November 18, 2024 | 2.5 Minute Read FIFTH COMMANDMENT: DO NOT ADVANCE PAYMENT TO CONTRACTORS The contractor dilemma is something every real estate investor faces. On one hand, contractors are an essential part of our team. They’re invaluable and bring tremendous expertise. Finding a really good contractor can feel like adding a new revenue stream […]
Drive Occupancy in Your Short-Term Rentals with this Strategy
November 11, 2024 | 2.5 Minute Read A few months back I started exploring strategies to boost bookings across our 13 short-term rentals. In our market, monthly occupancy rates around 50% are considered average, but I aimed to improve this, especially during weekdays. In peak season, we focus on maximizing nightly rates, aiming for that […]
Fourth Commandment to House Flipping: The Inspection Period
November 11, 2024 | 2.5 Minute Read FOURTH COMMANDMENT: THE INSPECTION PERIOD When we make offers, it’s not just about the dollar amount. Sure, the price is essential (after all, we’re here to make a profit), but there are several key elements we include in every offer. Here’s a breakdown: Purchase Price Inspection Timeframe Closing […]
How to Use an Assignment Agreement to Wholesale Properties
November 11, 2024 | 2.5 Minute Read Over the years, I’ve wholesaled hundreds of properties, using a single simple document to assign properties to other investors. The assignment agreement allows an investor, often referred to as the “assignor” or “wholesaler,” to transfer their rights in a real estate purchase contract to another party, known as […]