Park manager are the key to Lonnie Deals

Park manager are the key to Lonnie Deals:   I am a huge fan of mobile homes. Dollar for dollar, I see no other investment that compares to the great returns you can achieve with these properties.   Returns typically run from 33 to 120 percent… or more. Did that get your attention?   If it didn’t, let me explain. Anytime you hear the words “return” or “yield” and see…

Rental Market Q & A

This is a Question and Answer session I had with the Calhoun Times Editor Brandi Owczarz about what we are seeing in the rental market. It ran in the paper a few weeks back and a friend asked me to post it to the blog. So here you go.   Q. What rental “trends” are you seeing right now in NW Georgia…are you seeing that 3/2 homes are popular? Are…

Patience

Patience:   We’re currently flipping a house down in Cartersville and part of the rehab design includes new kitchen cabinets. Now, we don’t normally do cabinets so I didn’t know who to turn to.   I got some recommendations for local cabinet makers and got a few bids on the project. After I picked my jaw up off the floor, I made my way over to one of the two…

Take Time To Be A Dad Today

Take Time to Be a Dad:   Recently I was riding with an experienced 81-year-old investor. He grew up a poor sharecropper in Mississippi. What he’d learned from his meager beginnings was how to work. I mean, really work. He would pick 300 lbs. of cotton a day. He kidded that he was the slowest out of his 12 brothers and sisters.   You know, I always admire guys like…

The Four Jobs of a Tenant

The four jobs of a tenant   Rental property that produces a positive cash flow is the Alpha and Omega of real estate investing. To have positive cash flow, you need to have a tenant that pays well. But is that all that you need them to do? The Answer is an emphatic “No”.   When we lease up a tenant, we tell them that we’re hiring them for four…