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 …

Extra Money

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In my effort to keep my family’s money (the money made by myself and my wife at our JOB) free from any investing I’ll be doing, I took on some part time work. I’ll be doing some CAD work for his fire protection company. It basically requires me to draw the floor plans and show where all the extinguishers, stairs, emergency areas, etc… will be. I had never used AutoCad for much of anything, so it’s going to be a …

What Is My Focus?

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Jared from FlitItBig asked me a good question in his comment to a previous post. He asked “What area are you looking to invest? Buy and hold? Wholesale? Rehab and flip?” This is a very important question to answer before I get started, I mean how can you write an effective business plan if you don’t know your exit strategy right? My focus will be on wholesaling. From my research this is a good entry point into the real estate …