Pay it forward

  For Ashley and me, 2012 was a big year. We became full time investors, but more importantly, it was the year we started our family.   It was late December 2011, and I was painting a huge master closet in a house in Cartersville, when I received a message from Ashley with an image of a positive pregnancy test captioned “Congratulations Daddy.” With a surge of emotions, I immediately…

Learning creative deal structuring

  I was recently invited to a mastermind meeting that had some pretty advanced investors in the room, one of whom was in the habit of buying tax liens – these are liens counties put against properties when homeowners don’t pay their property taxes. Counties do this so they can sell the liens at auction and recoup the funds they didn’t collect from the homeowner. This is called a tax…

Security is the foundation of every deal

  Peter Fortunato is arguably one of the most creative real estate deal structurers on the face of the planet. The way he crafts deals is nothing short of mind blowing. If he knows some key information, he can take a single house and give you at least 10 ways to construct a lucrative deal for both the buyer and seller. Every time I get to hang out with Pete,…

Mom and Dad got one

Mom and Dad got one:   I’m so proud of my mom and dad. They just bought their very first income producing property – and they did it very creatively.   In early fall 2005, my mom and dad broke ground on a house. At the time, my brother-in-law, Michael, was their builder with myself and two other friends making up his crew. We had a track record of building…

Using A “Handyman Special” Option

Using A “Handyman Special” Option   Have you ever experienced buyer’s remorse after purchasing a property that needed too much work? If you haven’t, count yourself blessed.   One time we bought a home that needed a ton of work. When we started pursuing the deal, I lived 15 minutes away; I was full of vigor and ready to knock out so major rehab.   A year later, when we…

What are your options?

What are your options?   When you hear the word option in real estate, you probably think of a lease-option strategy. This is where you lease a house to a tenant buyer with bumpy credit. You call them a tenant buyer because they’re renting your house with the hope of buying it from you in the near future.   That’s where the option comes in. You sell them the option…