Hey Baltimore House Flippers.
I don't do many driveways, but lately it seems I have purchased more houses in need of driveway repair than in any other time during my illustrious investing career. It's all about curb appeal right? So when a potential buyer drives up to the house what's the first thing they're gonna see? My guess...the house, then the driveway. Given the immense and amazing rehabs we do on the inside of the house, how much weight can a crappy driveway really carry in terms of swaying the buyer's decision? Honestly, I have no idea. I do know however what I like. And, ...
Where Are The Buyers?
The Homebuyer Tax Credit is over and with it - so it seems went the buyers. As you know, purchase contracts had to be ratified by April 30th, 2010. I just wanna talk real quick about the run up to April 30th, then the time just following April 30th - and then today. Also, I really want to get all of your feelings on what's happening in your town. In Maryland we got crushed in February with two huge and historic snow storms - VERY uncommon for Maryland. Following the blizzards we had record cold, so no melt and NO buyers ...
How to Work With Contractors. Part 1
I received more comments on my last post than any previous post. Looks like I struck a cord, huh? I could (and should) write a book on how to not get taken by contractors, but before I do, I'll just share all my info here. Just call me, Mr. Good Karma! So this will be the kick off post; Part One of a series of posts on How To Sucessfully Work With Contractors so that you can (one day) be a Professional FullTime-Rehabber like your old pal; Craig Fuhr. Let's begin our journey with what NOT to do. As an example, let's say ...
Getting My Zen On & Contractor Lessons.
Its been a very trying past few months. I had a contractor quit while in the midst of 5 jobs, and another contractor quit while working on 1 house. So there's been many lesson learned and I'm gonna share them with you - 'cause that's what I do. I share. I play nice. Amongst all the craziness I will tell you that I have remained remarkably calm, which is not a DNA level trait for me. The state of calm is learned, people. So, sorry for the radio silence on the blog. OK - let's get to those lessons! When dealing ...
Video Tip: Make Big Money with Probates
There is no lack of Guru-related products on the market hawking the latest greatest system for finding great probate deals. I personally haven't evaluated any of those products, but I'm sure there is some good info out there. So what's a probate? If you are a real estate investor, you should know (if you don't) that houses previously owned by dead people often represent great deals. I'll be frank (as if the previous sentence wasn't frank enough), I don't do a whole lot of marketing these days. I really don't have to. But, if you are wholesaler, you're number one job ...
Video Tip: Driving for Dollars
When I was but a budding, fresh-faced real estate investor, I couldn't wait to get off of work, or get up on a Saturday morning to go out to look a bunch of houses. "Driving for Dollars," is the term most often used - and to this day, I still think its a great way to find distressed properties. Its also a great way to farm your neighborhoods and to find new neighborhoods to invest in. I would kiss my wife (then fiance') good-bye, load my pockets with a few of my favorite cigars, stop at the Starbucks for a Vente' ...
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Hey Baltimore House Flippers.
I don’t do many driveways, but lately it seems I have purchased more houses in need of driveway repair than in any other time during my illustrious investing career. It’s all about curb appeal right? So when a potential buyer drives up to the house what’s the first thing they’re gonna see? My guess…the house, then the driveway. Given the immense and amazing rehabs we do... [Read more]
Where Are The Buyers?
The Homebuyer Tax Credit is over and with it – so it seems went the buyers. As you know, purchase contracts had to be ratified by April 30th, 2010. I just wanna talk real quick about the run up to April 30th, then the time just following April 30th – and then today. Also, I really want to get all of your feelings on what’s happening in your town. In Maryland we got crushed in February... [Read more]
How to Work With Contractors. Part 1
I received more comments on my last post than any previous post. Looks like I struck a cord, huh? I could (and should) write a book on how to not get taken by contractors, but before I do, I’ll just share all my info here. Just call me, Mr. Good Karma! So this will be the kick off post; Part One of a series of posts on How To Sucessfully Work With Contractors so that you can (one day) be... [Read more]
Getting My Zen On & Contractor Lessons.
Its been a very trying past few months. I had a contractor quit while in the midst of 5 jobs, and another contractor quit while working on 1 house. So there’s been many lesson learned and I’m gonna share them with you – ’cause that’s what I do. I share. I play nice. Amongst all the craziness I will tell you that I have remained remarkably calm, which is not a DNA level... [Read more]
Video Tip: Make Big Money with Probates
There is no lack of Guru-related products on the market hawking the latest greatest system for finding great probate deals. I personally haven’t evaluated any of those products, but I’m sure there is some good info out there. So what’s a probate? If you are a real estate investor, you should know (if you don’t) that houses previously owned by dead people often represent great... [Read more]
Video Tip: Driving for Dollars
When I was but a budding, fresh-faced real estate investor, I couldn’t wait to get off of work, or get up on a Saturday morning to go out to look a bunch of houses. “Driving for Dollars,” is the term most often used -- and to this day, I still think its a great way to find distressed properties. Its also a great way to farm your neighborhoods and to find new neighborhoods to invest... [Read more]
Foreclosures Create Opportunities In Prince George’s MD
From The Washington Post (Can’t believe they didn’t interview me! I need a better publicist.) By Ovetta Wiggins Washington Post Staff Writer Sunday, April 11, 2010 The house on 29th Street in Mount Rainier is a shambles. Mold and mildew cover the walls. The carpet reeks of urine. A chandelier in the dining room and dingy white curtains in the windows are the only reminders that the house... [Read more]
House Flip Story: Kipling Pkwy – Final Update
Here it is. Another rehab complete, another house on the market, and oh -- because this update has taken so long -- another house under contract. When its 6 teeth-chattering degrees outside and there’s 84 inches of snow on the ground, I often wonder why the heck I flip houses in the dead of Maryland’s winter. But I know, its all about the spring pay-off, people! When you live in the northeast,... [Read more]
Sell Your Wholesale Deals to A REAL Investor.
Man, it it a gorgeous spring day in Maryland today. It actually feels like summer. I headed over to house we just flipped on Kipling just to make sure all was still well. It was. The rehab turned out so nice -- I just had to shoot a video talking about how the wholesaler made $6500.00 selling us this house. Even if you don’t have deals, I can tell you where to look. If you do have deals and you... [Read more]
iPad. Do I Really Need This?
This is off-topic, I know. The new iPad is here and as much as I’m a fanboy of all-things-Apple (I would have given a kidney to Steve Jobs), I’m just not sure I see the need to buy one, yet. I dig the form factor and I think its very pretty, but its feature-set wouldn’t make me get rid of my kick-ass MacBook Pro. Have you checked out the iPad? If so, let’s have some fun. Answer... [Read more]
Video Tip: Learn The Process of Rehabbing.
I’ve been getting a lot questions lately from astonished people, all asking, “How in the Hell can you do 13 rehabs at one time?” Fact is I solely (and with the help of three general contractors), am in the process of flipping 13 houses right now. To be perfectly honest, 5 are on the market and under contract, and I have yet to start on one of the rehabs -- but until you collect that... [Read more]
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