From the category archives:

Building the Business

Year 1 Recap!

August 12, 2009

It’s officially been one year since my wife and I started flipping houses. After spending more than a year to research, write our business plan, get familiar with the local real estate market, and get settled back into the East Coast before we started investing, it certainly seems like we’ve been doing this forever. [...]

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Advanta Out of Business

June 1, 2009

In my article on “Building Business Credit,” I recommended Advanta Mastercard as great business credit card to use for your business. Their terms were very good, their customer support was great, and their reporting to the credit bureaus would allow you to build credit quickly.
Unfortunately, I just got word last week that Advanta has [...]

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Working On New Logo

April 19, 2009

Our company is looking for a new logo…
While we love our signs and our marketing materials, our logo leaves a bit to be desired, so we’ve decided to hire out the work to some really creative folks over at 99Designs.com. If you’re not familiar with the site, it’s a place where people who need [...]

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6 Month Recap

February 16, 2009

Amazingly, it’s now been six months since we closed on our first property. In that time, we’ve learned more than we could ever have imagined, and despite some missteps and some mistakes along the way, I feel like the first six months were more successful than I had imagined.
While none of this is new [...]

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Hiring an Employee

January 7, 2009

As I mentioned yesterday, it’s time for me to convert my contractor to a full time employee. I decided to devote the full day to focusing on that task, expecting it to be a long, complicated process. While there are a number of things that must be done when hiring, it’s not as [...]

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Starting the Marketing Plan

December 8, 2008

My wife and I sat down late last week to start putting together a Marketing Plan for our business (Lish Properties). We spent several hours brainstorming, and then I took our long list of brainstorm ideas and organized them into logical marketing components. For the most part, the bulk of our marketing efforts [...]

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Finding the Buyer First

November 24, 2008

My wife’s tremendous marketing ability has led us to a potentially new business model that may help us grow our business. After selling The Yellow Stain House last week, we had at least one (and probably many more) real estate agents that were a bit bummed because they had clients that very much wanted [...]

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Real Estate License!

November 8, 2008

My wife got her real estate license last week!
It took about 150 hours of study, a crash refresher course, and then two exams, but she did it, and with flying colors (whatever that means). In Georgia (and probably everywhere else), having your real estate license doesn’t mean anything until you find a real estate [...]

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A New Team Member

September 3, 2008

I mentioned in a previous post that The Bulge House had an upcoming tenant, and that the tenant was a member of my family. The rest of the story is that my brother will be moving down to Atlanta from Baltimore (with his girlfriend), will be renting The Bulge House, and will be consulting [...]

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Pro or No?

September 2, 2008

One of the decisions I need to make this year is whether or not I plan to file taxes as a “Real Estate Professional.” For those not familiar, let me take a minute to explain the advantages of claiming professional status:
If you invest in real estate part time (not a professional), you may be [...]

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