Bubble Bobble we all fall down

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I came across this today and wanted to share. It is about how housing and the economy are intertwined and what is actually happening now that is causing the housing bubble to burst. If you are interested in real estate investing this is a must read. Bursting Bubble

BP Rev 1

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I finished my first revision of my Business Plan yesterday. There are some parts I’m not sure of, for instance do I write it if I was a company? I used Costello Home Buyers. Or should I write it in the first person? If anyone out there can lend me some advice that would be great! I will say it does really make you think about what you are getting yourself into. To write a complete business plan you have …

I forgot it was sunday!

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I usually have baseball games from noon to 5 on sunday (I pitch), but yesterday the games were canceled. I found this out Saturday night so I was like cool I can spend some time with my wife before she goes to work, which I did. As usual on Sundays I went to my mom’s house for dinner and she asked me if I had gone to any open houses today because she noticed a lot of them. DOH!! I …

Lack of Lazines

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Lack of motivation is one of the hardest things in life to overcome for me and I’m sure a lot of other people. I constantly struggle with getting myself to do things from taking out the garbage to exercising. Hell sometimes I will put a glass in the sink instead of taking that ONE extra step to put it into the dishwasher!?!? Why is that? I wish I had an answer. What I have learned in my 31 years is …

Business Plan – Part 2

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I’ve continue to work on my business plan and here is the next part that I’ve gotten to II. Market Analysis Summary Costello Home Buyers invests in distressed residential real estate. The main target areas will be those areas that are in high demand by first time home buyers in the Morris County area. These areas are Morristown and Morris Plains to name a few. They have stable resale values yet provide sufficient amount of opportunity. Once the target property …

Business Plan – Part 1

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If anyone has any suggestions I’d be thankful! A. Company Information Costello Home Buyers was formed in July 2008 to benefit from distressed property owners in the Morris County. We are a company that specializes in purchasing properties from motivated sellers in order to wholesale them to rehab investors and landlords. Costello Home Buyers is owned and managed by Scott Costello. B. Management Information Scott Costello has little to no experience in real estate investing but has spent countless hours …