Showing posts with label family. Show all posts
Showing posts with label family. Show all posts

Thursday, February 11, 2016

"Stolen" article on Flipping Houses

So I stole this article from an email I received. With all the TV shows on Flipping, you'd think it was SO easy! In all honesty, I still have clients who are flipping but this trend has come and gone (Caveat--the 'simple' picks have come and gone by now; what's left are rough properties and many are in rough areas). In essence, the tone of the article (in my opinion) is 'be careful'. The pros are doing it still and having mixed success. Do you want to risk your entire nest egg as a 'newbie'? Perhaps not... Read on!

SEE BELOW FOR HEADINGS/TEXT OF EMAIL RECEIVED...

What's the Deal with Flipped Homes?
Americans love their home improvement and design shows. With entire channels dedicated to DIY, home decor and design, and everything related to U.S. real estate, we love the possibilities that lie within the real estate market in America. One popular aspect of many shows and publications is home or house flipping. We hear a lot about flipping homes, but what does that really mean? Is it feasible for everyone? Are there risks? Should you buy a flipped home, and what questions should you ask if your property search lands on a potentially flipped property?


What is Flipping?
Flipping is a predominately U.S. term used to describe purchasing a property with the intent of quickly reselling it for profit. Most of the time, properties that are purchased with the intent to flip are those that are distressed, abandoned, or otherwise in need of repairs that make the property less desirable to other potential buyers. Flipping has become increasingly popular throughout the U.S. in the last decade, and many people have become successful real estate flippers with the vast and varied real estate markets throughout the United States.


Can Anyone Flip a Property?
Many programs on television make house flipping look easily attainable to anyone and everyone. The fact remains that flipping a property is risky business that requires a large amount of work, experience, funding (preferably cash), excellent credit and a good understanding and almost intuitive knowledge of the real estate market. If you're interested in flipping properties, the best way to get started is by talking to someone who has experience and has had success in flipping real estate. There are many things to know about flipping real estate that should be addressed before the idea is even entertained.


What are the Risks of Flipping a Home?
There are risks with any kind of real estate investment, but inexperienced flippers can make a number of mistakes. There are a number of costs that come with flipping a property, and new flippers can make the mistake of not having enough money to cover the entire project – from the acquisition of the property, to the renovations, taxes, utilities and more. Another risk of flipping properties is time, or lack of time. Finding the right property can take months, and once you own the property there is a time commitment to renovations, commuting, inspections, and ultimately the marketing and selling of the property.

Other risks that new flippers run into are not having enough knowledge about the real estate market and failing to purchase the right property for a flip; a lack of skills when it comes to working on the property and putting in the sweat equity (hard work) required to get it up to market standards; and ultimately lacking patience when it comes to the entire project as a whole.


Should I Buy a Flipped Home?
Often, flipped homes have mostly cosmetic changes done in order to attract buyers and ultimately get the property sold. You might fall in love with fresh paint and brand new appliances, and generally speaking, most flipped homes attract many buyers because they have a smaller initial to-do list than other properties on the market. If you're looking at a property that could be a flip, be sure to ask these questions: What is the home's sale history? If the home recently sold for much less than its current asking price, it's possible it is a flip. Does the outside of the home match what's inside? If the exterior of the home is older, and the interior looks brand new, it's very possible someone is trying to flip the property. Information is your best friend when it comes to a flipped home, so getting the most information up front will help guide you toward pursuing the property or not.

If you believe you're looking at a flipped home, consider asking the seller what changes have been made to the property, and check to see if any permits were issued for the work. Also, some buyers might be blinded by all the new interior cosmetic updates that they forget about the bones and foundation of the home. Regardless of whether a home is old or new, always hire an experienced and licensed inspector to check over the home to make sure you're getting the most for your money when it comes to buying a property.

Wednesday, May 4, 2011

A car geek's Royal Wedding post...

Okay, so I was amused by a 'recap' of the Royal Wedding (would never have gotten up early to watch it AND would definitely NOT hang out for so many hours to watch all the details) and I actually enjoyed the abbreviated coverage.

As a matter of fact, I have to go off on a tangent that the Royal Wedding is a good thing for the world to have seen. NOT because of the pomp and circumstance, not because of the "princess" fantasies that have captured the world and definitely not due to the celebrity bestowed upon the Royals thanks to the late Lady Di. In all reality, we have an attractive young couple parading around the wonderful institution known as MARRIAGE. Yes, while we Americans seem to be entrenched with single-parent households, we have two 'icons' (not my words) who are in the spotlight showing the world that it's cool to be married. God Bless Kate and William; I hope they are more successful than daddy Charles! (Di vs. Camilla? Really, Charles?)


Now back to my original post--and speaking of daddy Chuck, the thing that REALLY caught my eye happened after the goofy kiss(es) on the balcony--a lovely top-down drive in a vintage Aston Martin DB6 Volante. See this link for info about the car; all I can say is that kudos to the Queen for giving Chuck this sweet little 21st Birthday present! (where was mine??? ; ) And to think that it runs on wine (guess I could post this on BoKnowsVino too?)! How cool is that?

Monday, September 27, 2010

A year ago today...

September 27, 2009 may not resonate with anyone else, in contrast to September 11, 2001 or other events that have taken place in the month of September. For me, September has many important dates--our Anniversary is the 23rd (Happy 4th!), my son Joey's birthday is the 29th (still can't believe that he'll be 18 this year!) but the date that has been on my mind all day is 9/27/09.

As the calendar goes, I woke up on that Sunday morning without a care in the world. Susie and I surely sat down with the paper and had coffee as we tend to do; we might have even taken a walk with the puppies. Later on I know that I must have been doing some cleaning as well because I know from the receipt that I went to the Thrift Store to donate some unwanted household items--not that I need the receipt to remind me. Every time I am in that parking lot I think of the call from my sister telling me that my Dad was in the ICU. The first thing you think about when you hear 'he's been intubated' is that it can't be good.

When your sister is a doctor you tend to take on more of a 'wait and see' attitude (e.g. 'do I need to be worried?'). Typically if something was wrong with Dad she was a good filter and broke it down to simple terms. I was worried, but at that point it didn't look bad enough to be told 'head to Kentucky.. NOW. So I went home and even changed the filters in the furnace units, but I couldn't stop thinking that things were going to be worse. I eventually got the call that it was indeed time to head home; packing was a mess as I fell apart. Susie was nervous that I couldn't even drive in that condition. I managed to pull it together but I can't tell you anything about my drive home. It's typically about 5.5 hours; I guess that's how long it took. Regardless, I got there sometime around now (9:30 as I type).

Mom was being supported by 2 couples that have been long-time friends and her minister. We couldn't go back to the ICU as they were trying to do something related to filtering his blood as it was determined that he had sepsis due to an infection. He woke up 'babbling' early Sunday and Mom called an ambulance.

How did we get here? He wasn't feeling well Saturday--when I spoke with him he just sounded tired. It was very random that I even spoke to him--I called Mom at home to ask her a question and we both had to rush to get off the phone--I was at a store and she was on her way out. After I left the store, I called her cell and spoke to Dad--for whatever reason they had traded phones that afternoon--she had his, he had hers. In all honesty I never would have spoken to him if it wasn't for that fact. He had an 'order' of wine (several cases to bring home later that week) and I was happy to tell him I had what he asked me to get.

We got to go into the ICU; despite the tube and breathing apparatus it was still my Dad, wires and all. I spoke to him and touched his hands and rubbed his head. No response, of course, but it felt right. They needed to do something else with him so we were back into the waiting room. After a while (10-ish?) my sister showed up (they were coming from SC). When we got back into the ICU she got to do her doctor thing and got to hear all the options and what had happened so far. Sooner or later the 'daughter' wore off (what else can be done?) and the 'doctor' kicked back in (reality check) and she realized what I already knew in my heart--this was nearing the end.

At that point I will never forget the final events... My sister, brother-in-law and Mom were gathered around his bed. Elizabeth said "Daddy, Mom's here, I'm here, Gary's here and Bo's here. We're going to take great care of Mom". With that, his ridiculously low blood pressure (but steady) began to drop--almost on cue. I remember the numbers dropping so quickly and then it was over... just 4 stunned adults facing their loss and machines continuing to try to breathe for him.

Begrudgingly, we left while they 'cleaned him up' and removed the wires, tubes and artificial 'stuff' that did what they could to keep him alive. Returning, he seemed at peace and as if sleeping. We all said our goodbyes, and kissed him a few last times. It seems so odd to me that I clearly remember how warm his neck was, even though he was gone...

As this was month-end, my small real estate firm was busy with closings and Susie could not leave until the 30th. I think that was the worst--missing my family and feeling alone in my thoughts. It was nice seeing some of the string of family friends and visitors--and I must admit I enjoyed all the food people brought. In fact, it was all like a typical Wagner party--except the jovial host was not there. When Joey, Julia and Susie made it I was so relieved and promptly fell apart again--though they gave me much strength. I needed it in order to eulogize my Dad. I don't know how Elizabeth and I did it, but oddly enough I always knew that someday my Dad would pass and someday I would say something along the lines of "Dad always said 'Bo's never had a bad day in his life'; well today, this is a bad day, Dad." Today I must smile, remember my Dad and raise a glass to Frank W. Wagner, Jr. May God rest your soul. I miss you Dad... I love you...

To my family and friends, God bless you and thank you for your support at that time and now as we remember him, a year ago today.

Wednesday, June 30, 2010

"Reality" TV

Like many people, we have a DVR for recording our favorite television shows. And from time to time, we get 'behind' and have to catch up. Two of our favorite shows hit pretty close to home for me in the last week or two. Modern Family recently wrapped up its first season by taking the family to Hawaii. As we started watching, several things looked familiar and I started to say 'that looks like..." as the guy on TV said "Welcome to the Four Seasons, Maui". The episode was touching and funny (as always) and it really 'hit home' for me and Susie as MY Dad & Mom took our family to Hawaii (including the Four Seasons Maui) in July 2009 to celebrate their 51st wedding anniversary (if you're curious, you can check out photos on our photo site). That was our last family trip together before his passing in September and was an amazing memory that we won't forget! I hope to someday take our family to the Four Seasons; hopefully with less 'madcap adventures' as shown on that TV program :)

Another show that we watch regularly is Deadliest Catch. If you follow the series, one of the captains recently had a stroke. Not to be a 'spoiler' but sadly Captain Phil Harris of the Cornelia Marie passed away. The episode we watched last night ended with Captain Phil being taken away in an ambulance. I was blessed to have made it to Kentucky prior to my Dad passing away, and seeing Phil in a gurney reminded me of my Father in the ICU. I feel for anyone else who has lost a family member and I try to focus on the good (Hawaii, childhood, our relationship) with the bad (his passing). God bless you all and take a moment to call your loved ones and hug your family.

With all the silly trash that can be found on the TV, I am surprised when something touches me as much as those 2 programs recently have... Take care, Bo

Wednesday, May 5, 2010

Which recession is over?

I love watching Frank Garay and Brian Stevens "Think Big, Work Small". THIS POSTING is great--when is your PERSONAL recession over? All I can say is that several things formed a perfect storm in my own life, most centered around my old house sitting for almost an entire year and not selling. It is currently rented so we're in 'better' shape, but issues stemming from the carrying costs have left their mark on our finances. Starting our own company (translation: no paycheck for several months) was 'fun' as well, though things are more stable to date. With that being said, we still need to get rid of a lot of debt. SO, am I out of my recession? Not yet. What is it going to take? Unlike our government, I have done the obvious stuff--cut back on spending, try to pay off debt, but that can only do so much when you start out in the red. I know that it is up to me to secure our future. Yes, I depend on God and I am truly blessed. I have to step it up, however, and see what I can do to secure more business. How can I help YOU today? How can I help you get out of YOUR recession as well?

Tuesday, April 20, 2010

Proud to be an American

THIS ARTICLE shows why America is such a great country! The freak situation related to the volcanic ash clouds over Europe has stranded many travelers, both IN Europe and in the USA. While our European brothers and sisters may be doing the same thing for these poor souls I wanted to share the article I read so that you can see God in action/alive and well in our country. God Bless our Country and its Citizens! Kudos to the people graciously opening their homes!

Monday, November 16, 2009

What am I going to do on Friday now?

Unfortunately Sprayberry High School's football team lost their first round playoff game to Marist High School last Friday, thus ending our football season. It was a great game and a hard fight--a fitting end to a solid year of football. Now what? No more football, cheeseburgers and fries (or Chick Fil A), popcorn and hot chocolate. I guess we'll be back to gathering on the sofa for movie night (or we'll venture out to 'actual' movies--New Moon, anyone?). Who knows, maybe we can take in a Gwinnett Gladiators game soon or some other event? Regardless, it was great to be a part of 3 straight years of Sprayberry being in the playoffs and I look forward to our son Joey's 2010 Senior season! Go Sprayberry Yellowjackets!

Frank W. Wagner, Jr.

I thought I would add my Dad's Obituary here; I loved my Dad and I really think of him often and thank God for him and how much of a great Father he was to me. He did so much for the Owensboro community and there were so many people that were touched by him. I was amazed to see so many close friends at his funeral and the 'party' afterwards was exactly what he had asked and 'required'. It was sad, but a great way to celebrate such a unique individual!

Text follows:
Frank W Wagner, 78, of Owensboro, died Sunday, September 27, 2009, at the Owensboro Medical Health System. Frank was born on August 28, 1931, to the late Frank W Wagner, Sr., and Louise Wagner in Charleston, WV. Frank was a talented jazz pianist, a retired homebuilder and real estate developer, and an extraordinary husband, father and friend. He was a member of Settle Memorial United Methodist Church. He was a long time member, past president and Paul Harris Fellow recipient of the Owensboro Rotary Club with 36 years of perfect attendance. Frank was also past president of the Owensboro Board of Realtors and twice served as president of the Owensboro Home Builders Association. He was a past President of the Home Builders Association of Kentucky and was inducted into the Kentucky Housing Hall of Fame in 2004. More importantly, Frank Wagner enjoyed jazz music, playing the piano, spending quality time with family and friends, giving generously within the Owensboro community. Frank loved life and had an amazing ability to permanently influence those who knew him well. Frank would never want or expect anyone to mourn his death. Instead, he would challenge everyone to live life to the fullest.

Survivors include his wife and “soul mate” of 51 years, Helen S Wagner; a daughter, Dr. Elizabeth Wagner Bozeman and her husband, Dr. Gary Douglas Bozeman of Spartanburg, SC; a son, Frank W Wagner, III, “Bo” and his wife, Erie Susan Wagner of Marietta, GA; four grandchildren, Blake Bozeman, Christy McMillen, Joseph Tait, and Julia Tait; a sister, Barbara Ann Angelo and her husband Bill of Charleston, WV; and a nephew, Michael Angelo, and his wife Kelly and their daughter Sabrina of Smyrna, GA.

Services will be at 5:00 p.m. on Thursday, October 1, 2009, in the Chapel of Glenn Funeral Home and Crematory. Friends are invited to attend a special gathering at the Campbell Club after the service to celebrate Frank’s remarkable life. Visitation will be held from 3 pm until 5 pm on Thursday at the funeral home. Memorial contributions may be made to:

The Daviess County Public Library
2020 Frederica Street
Owensboro, KY 42301

Settle Memorial United Methodist Church
201 East Fourth Street
Owensboro, KY 42303

Owensboro Museum of Fine Art
901 Frederica Street
Owensboro, KY 42301

Owensboro Symphony Orchestra
211 East Second Street
Owensboro, KY 42303

Rotary International Polio Plus
c/o 1735 Frederica Street
Owensboro, KY 42301

Wednesday, October 28, 2009

September 28, 2009

Yes, I know it's October 28th, but I have to relate back to my thoughts on 9/28 as it's fresh on my mind...

On September 28, 2009 I woke up for the first time without a father. I know that many other of you have lost fathers, and I hate all of our collective losses; I just felt like writing about it today from my perspective.

I have always been close to my parents; I could never relate to movies where the characters didn't get along with one or both of their parents. That's not to say that we didn't agree at all times, but I have always had a loving relationship with both of them. When I woke up in my old childhood bedroom on 9/28, I wasn't able to walk into their room and greet both of them like normal. I didn't hear my Dad's bellowing nose-blowing (think of a bull-moose in heat) or hear him hollering for Mom to warm his coffee. I didn't get to see his blue eyes twinkle or hear him say my name. As you could guess, I could keep going and fill pages of things I miss and even tell you how his pillow smelled that morning, but I think you can understand how I felt (and still feel to this day). Not a day passes without something reminding me of Dad--from a question that he could easily answer by giving him a call, to seeing a photo in a magazine that I would share with him, to knowing how he'd react to something silly on the TV (like a politician rambling on about a hot topic, etc). There is a hole in my life and it won't soon be filled. I loved my Dad and I'm not afraid to show/share my emotions.

I guess my message to you is to share YOUR love and emotions with those around you... ...TODAY... NOW. Why? You may be talking to them for the last time when you speak with them and not even know it. When I talked to him on Saturday the 26th, I knew he was not feeling well (he was definitely not himself) but we had a nice chat--I was telling him that I had picked up his wine to bring to Kentucky the next weekend (he would fax me an 'order' to go to Total Wines & More as their selection and prices were much better that in our home town). He was looking forward to seeing me and I got to say I loved him. If I didn't have that conversation with him I would be very sad today. Yes, I'm still sad over his death the next day, but somehow it was better to have talked to him under more or less 'normal' circumstances, versus saying goodbye to him as he lay on a bed in the ICU. He waited for my sister and I to say goodbye, and for that I am eternally grateful to him and to our loving God who allowed him to wait for us to get to the hospital and say goodbye before he took Dad home.

I love my family, I am blessed that my Mother is doing well, I am blessed to have married my wife Susie and that her family and children have accepted me into their lives freely. I know I don't always tell everyone how much I love them and how sorry I am for how often I hurt their feelings or bark orders, etc. (I'm a bit of a bull in a china shop if you didn't know me well enough) but I hope that they will read this and hear me say I LOVE YOU (I can assure you that I will be telling them that after I click on "Publish Post").

God bless you all, thanks for reading this and hug your family in person or over the phone/email, etc. today! Bo