Flipping Homes
Flipping Homes
Flipping Homes

Posts under the Commentary Category

New IRS Ruling Effects 1031 Exchanges for Investors

According to the Realty Times, the IRS recently dealt out a Revenue Procedure ruling spelling out how “vacation properties” qualify for 1031 exchanges.  Of interest to real estate investors is how it also relates to the exchange of investment properties.
Apparently this is ruling is an attempt to clear up an ongoing debate about whether vacation […]

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“If I don’t seem as depressed or morose as I should be, sorry to disappoint you.”

Maybe you’ve seen it by now, maybe you haven’t.  If you haven’t, you should.
It’s an inspirational, if bittersweet, lecture by 46-year-old Carnegie Mellon University professor Randy Pausch, given on September 18, 2007.
Many thought it was probably the last public speech Dr. Pausch would give anywhere, before dying of incurable pancreatic cancer.  (Doctors have given him […]

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The Power of Peanut Butter Under a Bridge

I received an email from Cory Boatright this morning, who’s become a fast friend with Shaun, Steve and I in recent months.
Although I found it inspirational, moving and humbling, rest assured it’s not one of those “forwards” of which we all find ourselves the “delighted” recipients from time to time.
This is an unpolished, personal account of something unexpected […]

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What I learned from a Children’s Place sales girl about real estate investing (sort of)…

I read something today that I found amusing, intelligent and true.  And worth sharing.
It was from one of the many emails I get from Tampa wholesaler Preston Ely. 
He said…
Definitely True Statement:
To the degree that you resent being sold something, to that degree will you remain BROKE.  And I tell you that with absolute certainty. 
Now Preston’s someone who’s obviously got […]

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Bank Bandit: “Take My House, I Take Your Money”

I stumbled across an interesting piece of news on the Realtor Magazine today.
Apparently some guy walked into a Regions Bank in Athens, GA on Thursday waving a gun around, claiming he was only there to get his money back after the bank had foreclosed on his home.
He walks in sporting a black ski mask, hurls the business end of a handgun into the […]

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Is the Sky Falling With Short Sales? (Part Duex)

Ok, so a couple of days ago I posted part 1 of a private coaching call with short sale guys Shaun McCloskey and Cory Boatright.
The short version is, it was an important, info-packed call with nothing to sell.  If you’re in the real estate investing business, then I urge you to give it a listen.
While these calls are typically private […]

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Is the Sky Falling With Short Sales? (Part 1)

If you have any interest in quick-flips and/or short sales, I beg your undivided attention for a moment please.  It’s important, but first you should know …
…There’s NOTHING FOR SALE here.
So please just put…the wallet…AWAY and just enjoy what we’ve got for you here …
How Many Short Sale Experts to Screw In a Light Bulb Again?
Ok, […]

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Texas Ave Video, Plus Some…

Happy New Year’s Eve!
As 2008 zooms upon us, I’d like to offer you a handful of flipping homes related content I think you’ll enjoy…
1) A free fix-and-flip video,
2) A free fix-and-flip audio.
Texas Avenue #5…
Today we offer you the fifth (and final) installment in a series of video clips from Steve Cook’s Texas Avenue Rehab Case Study […]

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Texas Ave Rehab Video, Part 4

Before I get to today’s fix-and-flip clip, you should know that Steve’s Rehabbing for Big Cash, Version 2.0 releases tomorrow (Thu. 12/20/07) at 1:00pm Eastern.
This is the newly updated version of Steve’s classic, real life guide to fixing and flipping homes - the material hundreds of now-successful rehabbers cut their teeth on….
…people you know if you’re involved in the Flipping […]

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Fix & Flip Video: More from Steve’s Texas Ave Rehab Project…

A few days ago I posted two video clips from one of Steve’s rehab projects on Texas Ave. 
Today I bring you video #3 - your first look at the “after”! 
These are clips from the new content added to Rehabbing for BIG Cash, Version 2.0 (comes out in a few days).  The actual DVD has a […]

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