A good property management system

A good property management system   I have been out working on rentals a lot this past week. Contrary to what you hear about most landlords, I actually like working on our properties. The reason for this is because I get to see how our people are doing, how they are keeping the house up and if they are doing the four jobs of a tenant.   And just to…

What exactly do you do?

What exactly do you do?   I have to confess that I’m guilty of something. I don’t do a lot of self promotion. Here is a case in point: This particular column marks the beginning of my sixth year writing this weekly article about real estate investing and then posting it to my blog. Yet I have friends and family who have no idea that I do it. I just…

Taking Ownership

Taking Ownership   Well, I got some not-so-great news yesterday. It happened on a pretty big rehab we have going over in Calhoun. And by big, I’m talking about a complete gut job.   This house had a condemned sticker on it when we bought it, if that gives you any inclination as to its condition. But after some inspection and planning, we were able to get the building inspector’s…

A great reason to have assets

A great reason to have assets   I was talking with a friend recently who was going through a tough time. You see, my friend had had some medical complications that had caused her to have multiple surgeries over the past few years. (By multiple I mean 10 plus.) To make a long story short, every time the surgeon would go in to fix the problem, it weakened the adjacent…

Creative offers

Creative offers   Ashley and I were two broke kids straight out of college when we got started in real estate investing. We had a mound of student loan debt and no money in our pockets to invest. And because we had either been self-employed or full-time students while in school, we had no real, verifiable income. That fact, coupled with a high debt to income ratio from the loans,…

An investor needs a blue pen

An investor needs a blue pen   Ashley and I have been blessed to have had some of the best real estate investor teachers in the world. What differentiated guys like Jack Miller, Peter Fortunato, Dyches Boddiford and David Tilney, along with their seminars, from others was they were not in the seminar business.   What I mean by that is I’ve been to classes before that are a sell-a-thon…

Deeds tell a story

Deeds tell a story   I was talking to an investor recently that was having a hard time telling the difference between a warranty deed and a security deed. This confusion is not uncommon for investors that mainly buy houses using cash or traditional financing because the attorneys handle all the deed and paperwork.   But this investor was in the middle of buying a subject-to deal. And with that…

Learning new things at eviction court

Learning new things at eviction court   We are 0 for 2 in magistrate court this month. How’s that for starting a real estate investor column?   Truth be told, we didn’t lose both cases. They got dismissed. The first one, which took place about two weeks ago, I wrote about in “COVID, cabinets and courthouses.” But we had to go again for a different property this week.   During…

Learn to rest, not quit

Learn to rest, not quit   I am so sore right now. And I have been all week. That’s because we have two things going on at the gym. First, we are having a team competition to see who can achieve the highest average max effort points, or MEPs, this month. These points are calculated based off what range your heart rate is in as compared to your calculated max…

COVID, cabinets and courthouses

COVID, cabinets and courthouses   The effects of COVID-19 have reached many facets of our lives in 2020. On the real estate business level, they have has affected our purchasing capabilities — specifically how we’ve been able to purchase materials on our rehabs. It started out with 5/4 boards not being available for building decks. Then the shortage moved into other lumber areas before the eventual price increase on almost…