The Real Estate Preacher Blog

Let Me Show You the Way Out…

November 9th, 2015 by Randy Lawrence

exit_2

Let Me Show You the Way Out…

…Know your exit strategy Most focus on how to buy a house (entry strategy), as an investment, while few focus on what to do with it later (exit strategy), when they’re contemplating the purchase. Begin with the end in mind….

Read More...


Murphy’s Law

November 9th, 2015 by Randy Lawrence

Close up view of man using crowbar and saw to remove rotten wood from leaky roof decking. After removing fascia boards he has discovered that the leak has extended into the beams and decking.

Murphy’s Law

When building or starting your rehabbing business, have the mindset to power through obstacles – because you’re going to have them! Ingrain these 4 keys into your mindset Be prepared – for the old adage (Anything that can go wrong…

Read More...


Flipping or Speculating

November 6th, 2015 by Randy Lawrence

True Color Image
True Color Image

Flipping or Speculating

Flipping works In any market… …if done right. Whether the market is up or down – east coast, west coast or somewhere in between – rehabbing (flipping) houses works for investors with the right approach. If you follow fundamental, conservative…

Read More...


Do you remember the KISS?

November 5th, 2015 by Randy Lawrence

derek-jeter-needs-15-hits-for-3000

Do you remember the KISS?

Yes – Keep It Simple STUPID Especially when first starting your rehabbing house business – keep it simple. Pick opportunities that are simple and straight forward to renovate. Focus on houses that need moderate cosmetic repairs. Avoid large and/or complex…

Read More...


Now or Later?

November 5th, 2015 by Randy Lawrence

discounts-on-spring-texas-homes

Now or Later?

OK so you found a house to fix and put back on the market. You’ve completed the rehab and just sold it. Now you have your check – praise God! Most people think this is when you make your money….

Read More...


What’s in a name?

November 4th, 2015 by Randy Lawrence

reputation

What’s in a name?

Rehabbing is a people business. Your reputation is more valuable than any one transaction. Do the right thing always! Do what’s right, fair and appropriate. Threat people and this business right and God will pour out his blessing on you,…

Read More...


Is Flipping Houses Ethical? – Don’t Let ‘em Tell You It’s Not!

November 4th, 2015 by Randy Lawrence

skeptical-businessman-shutterstock_56754997

Is Flipping Houses Ethical? – Don’t Let ‘em Tell You It’s Not!

Some people will try and tell you “flipping” houses is somehow unethical. Really? Think about it. You are: Providing a solution for a distressed seller Repairs for a house in need Work for contractors/suppliers Improving the neighborhood Revenue for agents,…

Read More...


Flip It or Grip (Hold) It

November 2nd, 2015 by Randy Lawrence

checklist

Flip It or Grip (Hold) It

Which real estate investing approach is best?   Buy and Hold (Rentals) Pros: add’l income | asset appreciation | leverage | tax advantages Cons: renters/vacancies | unexpected expenses | mgmt/expenses > income   Buy and Sell (Wholesaling) Pros: generate cash…

Read More...


Avoid This Painful Lesson – Learn From My Experience

October 31st, 2015 by Randy Lawrence

caution-hard-lesson-ahead-300x276

Avoid This Painful Lesson – Learn From My Experience

If you’re serious about building a 7 figure real estate investing business by rehabbing houses, you’ll need to continually develop contractor teams. Hoping one general contractor (GC) will carry you to the promised land is a BIG mistake. You may…

Read More...


Weed Then Out Now – Get it Right or You’ll Be Uptight!

October 30th, 2015 by Randy Lawrence

group-of-contractors

Weed Then Out Now – Get it Right or You’ll Be Uptight!

A key to your real estate investing success is building a winning team. A key player on your team will be your general contractor (GC). Perfecting the skill of interviewing and hiring the right contractor(s) is paramount. Here are some…

Read More...