Chicago is one of the places in America I really love to visit. Sure, the crime is terrible, the weather can’t hold a candle to our beautiful weather here in L.A., and its politicians are as crooked as a 2×4 from Home Depot. But the history of the city is amazing. Every time I visit,
Ok, Is NOW the Right Time to Panic?
It seems like the whole world is in a panic. Bank failures, recession, deadly shootings, war in Ukraine. And the news (and our government) loves to keep us strung out in a panicked haze. And the sad reality is that this perpetual state of anxiety can really affect how we approach our real estate business.
Battling Professional Squatters
I read an article this weekend about a woman from Chicago who has been battling for months to get a squatter out of her deceased mother’s home. She’s been trying to get him to leave since last September. The police won’t help her and the courts don’t seem to care. The city won’t even shut
My Probate Connection to Motown
I’ve always loved music of all kinds. My musical tastes are a little eclectic. Growing up I listened to everything from Stone Temple Pilots, to the Eagles, to Dr. Dre, to the Temptations. Motown holds a special place in my heart so when we had the opportunity to attend the musical “Ain’t Too Proud: The
He Left How Much Behind?
During the webinar I presented last week, I mentioned a probate house that I purchased that had thirty grand hidden inside. It’s crazy what people leave behind. Some investors use these treasures to fund their flipping business. Over the years I’ve paid for a lot of lavish family vacations with these funds too (my favorite
Have You Met Dennis Block?
Yesterday I attended a conference to listen to Dennis Block speak. If you’ve never heard of Dennis Block, it’s probably because you don’t own rental property in Los Angeles. He is an attorney who will help you evict squatters, unwanted occupants, and bad tenants. He’s not the only attorney in L.A. who provides these essential
Secret Sentence That Unlocks Killer Africanized Bees and Six Figures
My secret strategy that resulted in a huge payday, a Jeep, and Africanized killer bees. A group of us were on the phone yesterday discussing a favorite question that has helped me to identify if there are more properties in the estate than what is recorded in the court records. On the call, I was
How I Lost 20 Grand with the Stroke of a Pen
Remember the probate property I told you about a while back that not only had to have the laterals replaced (which ran UNDER the foundation of the ENTIRE HOUSE) but also got broken into and robbed? I finally got around to putting it up for sale and received over 27 offers in less than a
A Catholic, A Mormon, and a Protestant walking a bar…
My son has grown up rehabbing houses that even his friends have gotten to jump in on the action. My kids have grown up rehabbing houses right alongside me. Kathy and I homeschool our kids so we’ve always been able to shift our schedules around so we can at time work as a family. And
My Latest Wholesale Won’t Move
Once in a while I have a property under contract that I just cannot wholesale.I currently have a property under contract and although the numbers were tight, I felt that I could still assign the contract because of it’s ideal location.It’s one of those houses that’s in the best school district and in the most
This Flip Got Lost in Translation
Just wanted to share a quick funny story with you about something that happened to me this week. One of my Probate Fox students is doing a rehab on a property they picked up and wanted my opinion on the kitchen layout. I’m always looking for an excuse to get out of the office so
Laugh or Cry- Which Would You Do?
This week I was made aware of an unexpected plumbing problem on one of my flips that’s going to cost me upwards of fifteen thousand dollars to fix. It turns out the lateral was rotted out from the street all the way to the back of the house. The fix? We’re going to have to replace
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