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Welcome to 1-2-3 Flip

May 16, 2009

Welcome to our new site, 1-2-3 Flip…
For those of you who have followed us here from REI Startup (our previous blog domain), thank you for coming. As you will see, not only is all the REI Startup content from the past year still available here, but I will continue to update the blog almost [...]

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My RE Business Plans

May 4, 2009

NOTE: THESE PLANS ARE NOW FREE…JUST SIGN UP FOR MY NEWSLETTER…
Over the past year, I’ve received dozens of email requests for copies of my full business plans — both my Business Plan for Flipping Houses and my Business Plan for Investing in Multi-Units and Apartments. While I’ve posted parts of those plans on [...]

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1 Year Blogiversary

May 1, 2009

Today marks one year since I quit my full-time job, left the tech world, moved across the country, and seriously started pursuing my new investing career. It also marks one year that I’ve been writing this blog…
Since I’m so numbers-oriented in other parts of my business, I thought I would take a minute to [...]

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New Member of Team Lish

February 13, 2009

I don’t have much new to report on the business front (I spent most of the week in Jury Duty, unfortunately)…so I thought I’d make a rare personal post…
I wanted to take a moment to announce a new member of the Lish Team…he (or she) will be joining us in about 7 months. I’d [...]

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Commission Frustrations

February 5, 2009

I mentioned a while back how thrilled I was that my wife had gotten her real estate license; both from a control standpoint (making our own offers, doing our own negotiations, MLS access, etc) as well as from a financial standpoint (keeping our commissions).
Well, today we hit our first snag in our effort to capitalize [...]

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Portable Security System

December 11, 2008

We’ve had two minor issues at The Second Chance House that have indicated to us that we need to have some degree of security system installed before staging the house and leaving it vacant.
First, the air conditioner was stolen from the back yard about a week before we closed on the purchase of [...]

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Taking the Night Off

November 5, 2008

Instead of blogging this evening, I will be spending the night with my wife, enjoying the election coverage (well, maybe enjoying…we’ll see who’s winning), drinking wine, and planning our overdue honeymoon…

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Accounting & Record Keeping

October 24, 2008

A couple people who also flip houses have asked me about my method of accounting and recording keeping for the work that I’m doing. I wanted to give a quick summary, which will hopefully help explain why I group costs and financial data in the way that I do. For those who aren’t [...]

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Negotiation (Part 2)

October 15, 2008

The other day, I posted about negotiation tactics, both for real estate investing, and in general. I got a lot of great feedback from that post, so I’m going to add some additional basic negotiating tactics that I’ve found very useful over the past several months while jumping into RE investing…

Friction is Your Friend: [...]

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Negotiation (Part 1)

October 13, 2008

A reader of mine asked me if I would write a bit about negotiation. While I’d love to say I know everything there is about negotiating property purchases and negotiating with contractors, I’m still learning the intricacies of real estate negotiation. That said, there are a lot of very general negotiating principles that [...]

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