Lessons Learned From 2007

January 5, 2019 — 5 Comments

In 2006 and 2007, I received some of the best advice I didn’t listen to. It came from three of the smartest investors I’d met up until that point in my career. They were mentors and business partners, but now they are friends. To me, a cocky 28 year old millionaire house flipper, they were just “old dogs”. You see, I was rewriting the way flipping was done, I thought. In 2006, I rehabbed and flipped 120 houses. In 2007, I did 143. I was top in the nation for HomeVestors, and nothing could stop me. Little did I know, I was destined to meet the truth. The truth came to me in the form of “The Great Recession”.

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What a fun couple of weeks here in the Dallas/Fort Worth metroplex, NOT!  It has basically rained every Thursday, Friday, and Saturday for the last three weeks, and it looks like this one will be no exception.  Look, I’m not one to complain in general.  I also almost never complain about the weather.  I’m making an exception this time, because it is starting to interfere with my kids football!  So, enough is enough! With that said, I thought I’d talk about Continue Reading…

Priorities and lost time

September 13, 2018 — Leave a comment

It’s quite interesting when you start adding up the costs of “missed opportunity”. Many of these costs aren’t just financial. Many of us entrepreneurs miss the opportunity of a lifetime to be a good parent or spouse. We spend countless nights and weekends “grinding” away at our dreams. We tend to keep growing and growing, creating and solving, wanting more and more. It never stops.

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That’s it.  I said it on the internet, so it must be true!  It’s on Facebook too, so you should all stop buying houses immediately and send your leads to me!  Below this text, you’ll see a fun “dialogue” I had with someone on Facebook yesterday.  It was started by a Dallas/Fort Worth REALTOR® that was commenting on price drops and increased days on the market.  Unfortunately it was followed by Continue Reading…