Jim Lord's (jimlordaz) Blog

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Real Estate Agent - DeLex Realty
RECENT BLOG POSTS
In 1968, a Minnesota based company was trying to invent a new type of adhesive and did, although they initially believed it to be somewhat worthless. The inventor, a chemist by the name of Spencer Silver had invented a glue which was strong enough to hold light weight items together but weak enou...
09/16/2018
  So today I thought I would explain how to help a buyer who did not qualify find a home and save your commission.  There are several avenues to do this. Today we will just focus on one that I personally know very well. While I have used others many times in business, I purchased my personal home...
09/09/2018
More on the lease to purchase. How to set the purchase price? This can be complicated as the purchase may not take place for several years. The way I have personally done this, on a case by case basis, has been based on market inflation rates. I have in the past based my sale price on a 3% increa...
09/09/2018
Let’s talk about reverse mortgage. I read on various forums all the time people making complaints regarding real estate schools and how they just prepare for the test. I explained to someone last week that if you pay attention in these classes, there are hidden treasures uncovered by very few, wa...
09/02/2018
I do a budget FIRSTI have found that most clients look for a flip with the price of the flip in mind. I personally do not care about the price, I worry about my budget. My budget takes into account three things, the price of construction, hold time and interest on my money. I use an excel spreads...
04/07/2018
TIME, Budget, PriceOften people misunderstand what the most important part of a flip is, I will tell you it is time. Nothing matters except turning the flip quickly. Actually every banker will tell you, get out of the deal and get your money working for you again.  Hold time will kill your deal f...
04/05/2018
Speed, nothing more is what makes a flip a success. To quote the great Mickey from Rocky, speed is what we need, we need speed. The first day you purchased that flip was when you made all the money you will make, every day since you are losing more money. A dollar is not just a dollar. A dollar i...
04/04/2018
Kelly Bundy knew the "secret" before it was popular.At the age of, let's say 15 (as I am not sure) I was watching Married With Children and Kelly give advice to Bud on dating. Kelly's advice to Bud was believe your good looking and others will believe you are good looking as well.This advice work...
04/03/2018
My very first flip was a money making disaster. Yes it did make money eventually however it took my time and the help of a friend to make the money. It all started with my purchase a home located in South West Phoenix. The area is heavily Hispanic and while still higher in crime (as it tends to b...
03/20/2018
My wife and I have a Health Savings Plan. Overall it works well for us, our deductible is $3,500 each or $6,000 max for our family. We pay it first with our plan. Normally my wife places the $6,000 (pre tax) into the account each year and her employer contributes about $3,000, it can roll over to...
03/20/2018
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