Tellis Coleman's (hifshon) Blog

There are different ways to do a quick analysis of investment properties. When in the initial search process you can use the GRM (Gross Rent Multiplier) method to start narrowing down properties. The GRM is a rough value. Do not rely on this to make your offer. Here is the process:If you know the...

"Take arrows in your forehead, but never in your back."- Samurai maximI take this quote to mean, approach situations head on. Be the first to take action to alleviating a problem. Never wait for bad situations to miraculously go away. When you sit idle on a problem until the last minute you may e...

A four-plex goes on the market for $200,000. You offer $150,000. Is that a good deal? Maybe. How did you come up with that offer? For the most part there is really only one question to ask when approaching rental property. Is this property profitable? If the answer is yes it's a good deal. Of cou...

Sometimes we just need to be reminded! A well-known speaker started off his seminar by holding up a $20.00 bill. In the room of 200, he asked, "Who would like this $20 bill?" Hands started going up. He said, "I am going to give this $20 to one of you but first, let me do this. He proceeded to cru...

My wife and I moved to the Falcon/Peyton area in '03. Of course this was when this area was called the "boonies" and "Out there" as in "Why would you move out there in the boonies?" Well, with a new Walmart, three banks and another on the way, three liquor stores(although that's not all that bad)...

My in laws have purchased one house in their entire lifetime and that was 30 some odd years ago. Nothing really unusual about that. She also has not a clue how the whole listing, get an offer, closing process work. A couple of months ago I got an offer on a listed property while she was in town. ...

Yesterday my family took me to the circus as an early father's day surprise. Sitting there with my wife and 3 daughters, all with smiles on our faces and me, the biggest kid out of the bunch, reminded me of why I do what I do. Why I left my great paying job to be my own boss and to be a Real Esta...

As Real Estate developers my wife and I have learned the hard way in making a choice to upgrade, refurbish or refinish. The thing with upgrading is you may have to upgrade other things. We recently had windows replaced on a hundred year old property we own. Although they look awesome, the newness...

 There are three houses on your street on the market the same time as yours. Not to mention five others in the neighborhood and 15 total within a 1 mile radius. What are you going to do to make your property gleam in the midst of all the diamonds? The simplest steps to take to be considered as a ...