What’s in your head?

  I’ve been listening to a phenomenal book called “Mastering the Attitude of Achievement,” by Lou Tice. I’ve got to tell you, I wish I’d found this years ago.   Lou is a motivational speaker, high school teacher and football coach. One of the main points in this book is that the pictures that we formulate in our heads affect what we do in life.   Lou gives a great…

Would you rather have cash or income?

Would you rather have cash or income?   I was sitting at a closing recently, quietly working through a problem on the financial calculator. My agent asked what the app was on my phone. When I responded that it was a financial calculator, both my agent and the buyer’s agent were perplexed as to why I needed one, since the mortgage brokers do all the mortgage calculations.   This is…

Trailers is as trailers does

Trailers is as trailers does   I’m a big fan of mobile homes. To me, they have the best returns, by far, of any investment in real estate today. But be aware, mobile homes are quirky.   We have a doublewide on Berry Bennett Rd. It was a little rough when we bought it, but we got it rehabbed and looking nice. We did all the normal stuff like painting,…

Does a refi make cents?

Does a refi make cents?   I got a call recently from an investor named Brad that had a conundrum. He was looking at refinancing a mortgage from a 30-year fixed ARM (adjustable rate mortgage) to a 15-year fixed mortgage.   A fixed adjustable rate mortgage sounds like an oxymoron.   They work like this- for the first five to ten years the rate is fixed. After that, it can…

A/C Repair Yields Over 31 Percent:

A/C Repair Yields Over 31 Percent:   Financial calculators aren’t normally a hot topic, even in real estate circles, but I took the opportunity to attend an information session on the subject sometime ago, and I haven’t regretted it.   The instructor’s name was Gary Johnston, and the night of the session, he forever changed the way I look at investments by introducing me to the financial calculator. Consequently, I…