I happen to be pretty adept at getting things done. A LOT of things done. I have to be. I have a high visibility job with a global consulting firm and a client that is one of the top three biggest companies in the world. I serve on three committees in my community. I have four kids, a wife, and a terminally ill mother at home, I coach my son’s hockey team and I have…
Author: Dennis Fassett
I'm pleased to report that after multiple decades of hard-headed stubbornness, I've finally figured out that all work and no play makes Johnny a dull boy. So I've taken it upon myself to convert my wife and now adult(ish) kids into a roving band of merry adventurers.
From horseback riding in Monument Valley to ocean kayaking in Acadia - all of our exploits have earned the coveted "epic" label from the younguns.
I'll tell you about them - and also about the other "adventures" I'm having in my real estate investing business.
You can also find me over at DennisBuysHouses.com
Cash Flow Reigns Once Again
I love the Wall Street Journal! It’s often the only ray of objectivity in this ridiculously overcrowded and juvenile media that we’re constantly subjected to. Case in point – there’s a great article today about the “return” to cash flow. While I disagree that prudent investors ever abandoned it, I’m gratified that they realize that rational thinking seems to be returning to the marketplace. And while this piece refers primarly to the stock market, the…
Too Little, Too Late. A Friday Afternoon Rant.
Pop quiz – when was the last time that the government at any level got something right? Time’s up. Did you come up with anything? Nope neither did I. I wish that they would just STOP TRYING. I have finally come to the conclusion that INACTION on their part is the safest thing for us. Forgive my rant. Let me tell you about my latest refinance nightmare caused largely by the antics of the Keystone…
So Tell Me Again – WHY Aren’t You Buying Here??
I know that for most of you I have been preaching to the choir about the opportunities in real estate investing in Metro Detroit. But it’s nice to see some validation of it once in a while. The article below is taken from the Detroit News today, and it speaks volumes on the paradox that we’re facing here. Pay particular attention to the last paragraph, which I have set in bold. As I have been…
The FSBO Building
In an attempt to cast my net wide and capture all relevant available apartment buildings that met my purchase criteria, I included buildings being sold “By Owner†in my searches. What did I learn? That an FSBO is an FSBO is an FSBO. No matter if it’s a $30,000 2 bedroom dump in Melvindale (I SWEAR that it will appraise for $80,000 the owner told me) to a $1,400,000 apartment building on the east side. The…
My Latest Deal – Can I Find One Like This For You?
Here’s the latest deal that I’m working on. It’s pretty incredible, and it’s an indicator of just how UNBELIEVABLE the opportunities are today in the Metro Detroit suburbs. The property: 3 bedroom, 1.5 bath ranch in Harper Woods New roof New furnace New replacement windows Newer ac and hot water heater Central Air 2 car garage Sun porch off the back of the house Full basement, half of it finished (the half bath is in…