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 office...
Flips
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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, meant...
Be very careful right now
Be very careful right now You may not know this, but we lost the very first real estate investment deal I was ever a part of to foreclosure. How’s that for a credential? It wasn’t a house we had bought to flip or rent out. It was a house my family was building to live in for a few years and then sell to bolster my parent’s retirement. The year was 2005, and I was still living at...
Multiple Offers
Multiple Offers How many of you would love to get multiple offers on one of your flip properties? Normally I would too because that means better offers when buyers are competing over you. But we have had multiple offers on a great house up in Whitfield County that — well, let me just tell you about the situation. First off, when I say this is a great house, I really mean it. It’s a...
Builders, Handymen and Remodelers
Builders, Handymen and Remodelers So, I was standing on some exposed floor joist talking to (but really interviewing) two contractors who had reached out to us for work on one of the many projects we have going. And as we talked, I thought the conversation would make a good column. Now, you may be thinking to yourself, “How did Joey end up on an exposed floor joist if he’s just now...