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Banks are stupid! And I love it.

Banks are stupid! And I love it.

I’m looking to close on the purchase of a bank owned house today. Yes, another REO. As I always do, I walked through the place with my contractor just to get our thoughts together on the new layout, the scope, etc… Everything was going sweet – that is, until we walked down the dark steps to the basement. Hey banks – are ya listening? Hey asset managers, it’s me; you’re... [Read more]

Got Vacant Houses? Make Them Secure.

Got Vacant Houses? Make Them Secure.

My good buddy, Shaun McCloskey just posted a tip on his site yesterday that was too good to miss. Shaun is one of the most accomplished short sale experts in the country and knows all about vacant houses. He’s also one of the most compelling people I know – by that I mean – the guy knows how to live life. When I commented on his BackStreet Boy-esque facial hair, he said he had to... [Read more]

Flipping Homes? Where Do You Shop?

Flipping Homes? Where Do You Shop?

I woke up this morning in a hot sweat! With SEVEN rehabs all jumbled-up in my tiny-little brain, I was in a fever! I’ve got some serious shopping to do over the next few days. I’ve got to buy a ton of tile for flooring, as well as shower and bath surrounds and kitchen backsplashes. Then I how about all the decorative lighting? What about, vanities and faucets, etc… Home Depot is usually... [Read more]

Attention Maryland Real Estate Wholesalers!

Attention Maryland Real Estate Wholesalers!

I’m putting the word out. Attention all Maryland Wholesalers! I have 9 rehab deals currently in my pipeline. We’ll rehab these houses and flip them back to new homeowners by no later than February 2010. That of course means that I need to start feeding the wholesale buying machine in about 15 days. Real Estate Investing Tip: One of the big mistakes that most real estate investors make... [Read more]

Big Snow in Maryland! I Love it!

Big Snow in Maryland! I Love it!

Oh the weather outside is frightful, and that’s just the way my 3 year old likes it. In usual fashion he woke us up this morning at about 6:05am but on this snowy morning he exclaimed, “Mommy, that’s more snow than I’ve ever seen in my whole wide world!” I was actually planning on working today as I have been a busy little squirrel stocking up on and saving houses for... [Read more]

The Extreme Power of Focus

The Extreme Power of Focus

Those of you who know me, know 2009 was a year that took me all over the map for investing. From Indy to Arizona and back to Maryland, yeah – I did that. What did I have to show for all the globe-trotting? Skymiles and an extra few bucks, to be perfectly frank. In early 2009 I got a call from a friend (huge tax lien company) who was looking to move 150 houses in Indianapolis. We did all we could... [Read more]

Top 100 Places To Eat in Baltimore

Top 100 Places To Eat in Baltimore

Taking an ever so slight departure from real estate investing, I give you the following hard-hitting story from the Baltimore Sun entitled,”100 Things Baltimore Foodies Must Try.” If you’re looking for the 100 MUST “eats” in Charm City, you have to check out this topflight assortment of Baltimore’s Best places to get your grub on. As a native Balti-Moron, I’m... [Read more]

I Need Houses! Attention Wholesalers…

I Need Houses! Attention Wholesalers…

Cayer is coming along nicely. Great! I’m getting ready to close on the purchase of two more houses in Hamilton (Baltimore City) which means we’ll have two more in the rehab stage soon. And, I’ll be settling on another in District Heights in mid-December. Most would say, “That’s plenty right?” Wrong. That’s not plenty. I need so many more. 2-3 month rehab deals... [Read more]

Finding Fantastic Wholesale Deals! – Tip!

Finding Fantastic Wholesale Deals! – Tip!

I want to buy every house wholesalers find for me, but we all know that’s impossible, right? No, its not for a lack of money, or time, or contractors. I have all those bases covered. It’s just that not every deal is a deal. In this market you can not be to careful on what you buy and where you buy houses. Buyers are super critical and never before has the old tired adage of location, location,... [Read more]

Happy Thanksgiving

Happy Thanksgiving

In the truest sense of “over-doing” – I give you the “Turducken.” I swear, one day (soon I hope) I will cook one of these delectable concoctions, and my heart will delight in its tri-fecta of fatty grandeur. What could be better on a day that celebrates gastro-indulgence? This is culinary magic at its best! Mmmmmm….3 dead animals all rolled up into one! A carnivore’s... [Read more]