SCENARIO: I am to be airlifted from my hometown and dropped in the middle of undisclosed hostile territory. MISSION: Secure at least 1 parcel (aka: a real estate deal), that has a profit of at least $5K for a wholesale investment, or a profit of at least $20K after a large-scale renovation. EQUIPMENT: From only:…
Category: Real Estate
1920s Craftsman Home Remodel: A DIY Odyssey
As the new owner of a 1924 “fixer-upper” craftsman’s home, I was very excited to begin the remodel. The house had been first remodeled in the 1970s with the addition of laminate flooring and sola-tubes. Double-pane windows were installed in the 1990s. From that point on, the house was rented out to rotating groups of…
The facts about net present value from A to Z
Net Present Value (NPV) is a measure of a property’s investment performance that converts investment cash flows into a single amount to facilitate a real estate investor’s decision making for property analysis and comparison purposes. And this is true whether the investor is interested in maximizing wealth at a particular point in time or minimizing…
How to properly use FSBO SIGNS
My intention in writing this article is to show you how to properly use FSBO signs. For Sale By Owners, FSBOs, continually post homemade signs in their yards that they have purchased from local merchants or chain stores. I’m sure you recognize them by their red and white color scheme and the handwritten owner information…
Various misconceptions exposed about owner-sale transactions
There are several misconceptions about the type of sale by owner transaction in the real estate world. If you’re attempting an FSBO, you’ve come to the right place. Let’s break down some of the myths and facts about this popular method of selling your home. Hopefully this will address some of the misconceptions and misinformation…
Alternative Commercial Mortgage Lenders: Hedge Funds and Private Equity
Hedge funds and private equity firms are investment companies created by Wall Street investment banks and financed by wealthy individuals and cash-rich corporate entities. Unlike standard exchange-traded mutual funds, hedge funds are largely unregulated and have much more wiggle room in their investment choices. Many of these funds have recognized the opportunity that has arisen…
How the recession has affected the commercial construction industry
For some time, I have asked myself (and others), “What was so great about the Great Recession?” This economic crisis has been considered by the International Monetary Fund (IMF) as the worst global recession since the Second World War. Its impact has been felt in almost every industry imaginable, and particularly in the industry of…
Explanation of the 3 main types of loans, FHA, conventional and VA
In the world of loans, there are countless factors involved in obtaining a loan for the purchase of a home. This article will give you an overview of the three main loan programs available. When you start looking for loan programs, be sure to contact a mortgage professional for more information and the latest market…
10 cons of desktop publishing
Introduction The odds of becoming a successful self-publisher can seem overwhelming to a novice. But if you really want to be in print and use your writing to help as many people as possible, then no amount of negatives can stop you from achieving your goals. However, as you read this list, keep in mind…
my nine life lessons
This is a bit different from the typical topics of my articles. I recently wrote a book on what I call “good enough satisfaction.” It is an allegory about a man in his forties who is not happy with his life. After a magical train ride, he learns to define what satisfaction means in nine…