Business & Real Estate Archives

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Category Archives for "Business & Real Estate"

Sucks to be Sued: 9 Negotiation Tactics That Help

When we finally made the decision to close our franchise restaurant in October 2017, we started to assess potential damages. I knew we weren’t going to be able to just lock the doors and walk away unscathed. We had to perform damage control. I had to negotiate my way out of a lot of service contracts […]

How I Raised $75,000 in 72 Hours

My friends Francis & Lawrence reached out to me in the middle of January 2019 to ask if I was interested in partnering with them on a fix and flip project in the Brewerytown submarket of Philadelphia, PA. After hearing the numbers, I couldn’t wait to sink my teeth in. There was only one problem. […]

Why Renting is Better Than Buying (For Us)

My parents came to the US in the early 80s, a couple years before I was born. If you’re a first generation American in an Asian family, we’re practically siblings. We grew up with a basic understanding of a few things. 1) Always finish the food on your plate. 2) Don’t wear shoes in the […]

Private Money Lending 101: Restructuring a Deal to Avoid Default

Often times a fix and flip takes longer to complete than originally projected. How you structure a deal and who you’re doing business with can make or break you. Fortunately for me, I partnered with Matt Faircloth (again) for my third Private Lending Deal. We had some struggles along the way, but we both walked […]

Private Money Lending 101: How To Make Money Even When The House Sells At A Loss

There’s an old adage, “If something sounds too good to be true, it probably is”. The real estate deal you’re about to read about happens to fit that saying perfectly. Everything seemed great going in, but not everyone made it out alive. Read on to find out who bit the bullet, and who walked away […]

The Day I Learned About Private Money Lending

I first learned about Private Lending through the Bigger Pockets Podcast, an excellent resource for all things Real Estate related. By the time I caught on to the podcast, one particular investor couple, Matt & Liz Faircloth, had already been guests on the show twice. I noticed they did business in my home state of New […]

My First Real Estate Deal

I’m finally getting around to writing the summary of my first Private Lending Deal. In a perfect world, I would have started this post around the time the deal hit my desk, and updated it along the way. That obviously didn’t happen. Let’s see how well my memory serves me.Starting at the Beginning:This deal started […]