A Student called to tell me he had a buyer for his first rehab property. Unfortunately, his repair estimate was off slightly and the appraisal came in low. The net result was he would probably lose $5,000. Not a good start to a rehabbing career but typical of what can happen if you aren’t careful.…

Read More

Acceptance Periods Can Be Deal Killers in Real Estate Contracts An Acceptance Period in a real estate contract is just what it sounds like – a specified time period in which a buyer can accept the contract offered by the seller or decide not to accept it.  Interestingly, this very simplistic clause in a real…

Read More

STUDENT APOLOGIZES FOR HIGH FIVE-FIGURE MONTH I was checking in with a Student who has been doing deals like crazy for the past year.  After we got past the pleasantries I asked how his business was doing and he sort of snickered and said that he hadn’t been able to break his $100,000 a month…

Read More