Moving in before closing: Just say “no.”

Moving in before closing: Just say “no.”

Moving in before closing: Just say “no.”   A question that often comes up in our house flipping business is whether or not we’ll allow the buyer to move into a house before closing.   The buyer’s reasons for this request run the gamut. Maybe they’re selling their current home before buying ours, or maybe our closing date got extended past the first of the month and they don’t want…

How we did our first deal

Lonnie Deals in Action

How we did our first deal   When Ashley and I realized we needed to make our living as real estate investors, it was 2009. We were freshly married, just out of college and didn’t have two nickels to rub together. To put it bluntly, we were completely broke.   On top of not being able to find jobs that fit with our bachelor’s degrees, we had a mound of…

What happens when you die?

What happens when you die?

What happens when you die?   Thanksgiving is one of my favorite holidays. There’s just something about making a gratitude list and eating great food with family that puts a smile on my face and cheer in my heart.   This year, however, things went a little differently for me.     On Thanksgiving day, we learned that a man we had been praying for had passed away. His name…

Keep your eyes on your goal

Keep your eyes on your goal

Keep your eyes on your goal   The normal bedtime routine for the English house starts with the telling of a story. Most of the time, I contrive some sort of imaginative situation where a little boy or girl goes off and does something spectacular. The story ends after a grand adventure with the little one feeling so tired that they “go home, get in their bed and go to…

Think hard before killing your goose

Think hard before killing your goose

Think hard before killing your goose   I’d like to tell you about one of Aesop’s Fables. It is one called “The Goose and the Golden Egg.” It’s a great story and it goes something like this:   There once was a farmer who had a goose he visited every day. One morning, he went to see the goose and noticed it had a glittery, golden egg laying in its…

Overcoming obscurity

Overcoming obscurity

Overcoming obscurity   I will never forget that day. I was at a function at my congregation and Britt, one of my friends there, pointed over to my truck and asked who it belonged to. The truck had a “We Buy Houses” wrap on the tailgate, and Britt had never seen the vehicle before because we normally show up to functions like these in Ashley’s van.     When I…

Fighting for rental space

Fighting for rental space

Fighting for rental space   This year has been very strange as far as rentals go. First off, rent rates have skyrocketed. In 2018, we have seen two-bedroom, one-bath houses rent for as much as 3/2 floorplans were renting for just two years ago. With the spike in rent prices, odd things have started happening. For instance, we’ve had con artists trying rent people our houses.     In previous…

Only rejoicing

Only rejoicing

Only rejoicing I’m writing this during the Feast of Tabernacles, which is the fall feast mentioned in Leviticus Chapter 23. The feast brings with it two purposes. The first is a remembrance for the Children of Israel of how Yahweh made them to dwell in booths for the 40 years they were in the wilderness prior to entering the Promised Land.   During those years the Children of Israel were…

FiFa is a four-letter word

FiFa is a four-letter word

FiFa is a four-letter word   Well technically FiFa is not a four-letter word. It’s an abbreviation for the two Latin words Fieri Facias that translate to “you shall make happen,” which you’ll understand in a minute.     A FiFa is a lien issued by the clerk of court to a lawsuit winner who has been awarded a judgment. This lien becomes public record and gives the sheriff’s office…

Tenants must be easy to work with

Tenants must be easy to work with

  So, we recently had tenant applicants do some things that were new to us. One walked out of the lease-up, and the other called us rude. Let me explain what happened and why each instance was actually good.   The first one happened on a Tuesday. We’d been trying to find the right tenant for a vacancy we have up in Dalton. We found some people who looked great…