Flip Houses Blog- North Carolina

Hello Friend, my name is Lou Gimbutis!

I have been buying and selling houses full time since 2004, and have served as Director of Education for the Metrolina Real Estate Investors Association since 2008.

I have been co-writing a column called “Investors Corner” for our local Real Estate and Legal Newspaper, the Mecklenburg Times, for around 4 years.  I have spent well in excess of $50K on my real estate investing education.  My primary business strategy most closely follows Ron Legrand’s “Quick Turn” model, but I integrate the best ideas wherever I may find them.

The Strangest Person I’ve Ever Bought a House From.

We buy houses mooresvilleMailing to homeowners in pre-foreclosure has always been a mainstay of my business.  Back in 2008, a homeowner filled out a “Sell Your House” form on my website.  As I was not doing a lot of Search Engine or Pay-Per-Cick advertising at the time, and had mailed several letters to her, it was easy to conclude the form was generated by the latter medium.  CLICK HERE FOR THE REST OF THIS ARTICLE.




9 Things I learned the Hard Way in Real Estate Investing.

Why is it that so many of us with the entrepreneurial mindset tend to learn best through the medium of pain? Was it indeed a fundamental truth that Mark Twain voiced when he said: “A man who carries a cat by the tail learns something that he can learn in no other way?”

Contemplating goals for another year and looking back over the good and the bad of yesteryear, I decided to try an interesting thought experiment: What if Dr. Emmet Brown, from “Back to the Future”, were to be so kind as to lend me his time machine, and I had the opportunity to go back and spend ten minutes with the Lou Gimbutis of 2004? If such an event were to happen, I would have absolutely no lack of words of wisdom with which to fill the 10 minutes. I would find myself somewhat more open minded, a tad more energetic, and excited as a kid at Christmas over my new Quick-Turn Real Estate toy (I still am on the last count). I’d find my younger self about to embark on a remarkable journey, and about to make some colossal mistakes in the process. Here are 9 things I’d cover with myself that would make life a heck of a lot easier over the 50 or so deals that I’d be about to do:  CLICK HERE TO CONTINUE

We buy houses Mooresville NC
Find a Mentor!

New to Real Estate Investing- Find a Mentor!

When I got started in Real Estate Investing, I had no money, bad credit, and no knowledge of investing or even rudimentary building construction.  I couldn’t for the life of me have told you the difference between an asphalt shingle and asbestos siding.

Sound like a great starting point?  I was 27 years old, and devoid of any resources and even so much as a clue where to begin.   So what did I do?  CLICK HERE TO READ MORE