When last we saw David, he had decided to sell The Money Pit, which he originally bought as a flip but then turned it into a rental. This due to his poor decision making on the rehab and his bad luck or inability to properly screen tenants as a property manager. With, really, nowhere else …
As I commented in last weeks teaser for this blog, this was a deal that had more twists and turns in it than a Coney Island roller coaster. The property in question, which I will refer to as the money pit just sold. We literally closed escrow on May 31. But it took eight years …
Over the past few weeks, I have laid out my assessment of how I think this current MLB season will unfold. Come October we’ll see how I did. I’m sure between now and then there will be some major surprises. Players and/or teams that nobody saw, coming out of nowhere to storm the rest of …
They say there are only two things in life that are certain, death and taxes. The problem is you only die once, but you pay taxes every year. Then you die and they tax that. There are a lot of reasons people get into real estate investing. Perhaps they’ve had friends that did well flipping …
It’s the start of a new year and, traditionally, time to start thinking about goals, but let’s not call them New Year’s Resolutions. Over 90% of all resolutions are never kept. Ever notice how it seems like all the gyms are advertising heavily in January and February? That’s because this is their busiest time of …
Good day faithful readers. I hope each of you enjoyed a wonderful Thanksgiving holiday. I know my online bookie is thankful that I bet on Detroit and Las Vegas. He would have been even more thankful had I bet on New Orleans, but c’mon, did I honestly think the Bills couldn’t cover a four and …
Good day dear readers. Contrary to the title, far be it for me to assume the mantle of Superman. But, for every real estate investor, there comes that challenge. Can you convince that person to make a deal on that property? How motivated are they, and are they motivated enough? Do you continue to bash …
Today I would like to share a parable with you. A parable is a story that has a lesson within it. This parable came to me by way of Bob Ritchey and the Win the Game of Money Institute. I really enjoyed the lesson to be learned here and it is something that I had …
I took a little mini vacation last week. I flew out to visit friends in a small town called Cascade, under the deep blue skies of Colorado, not far from Colorado Springs. My friend, Lucas, is a fellow investor and I came specifically to check out the campground he and his wife, Lauren, recently purchased. …
I have decided to dust off my soapbox. We have been having some interesting conversations at work the last couple of weeks and I have decided to comment on them. For starters, for those of you that don’t know, I have worked as an oilfield machinist since 1982. That gives me 39 years in this …