I do not envy flippers

I do not envy flippers   I was told the same thing twice this week by two different financial advisors of mine. They both said, and I quote: “I do not envy flippers.”   The first instance happened on a weekly call I have with a company called Simple CFO. Simple CFO is a team of accountants with specialized knowledge about the real estate investing world, and they integrate a…

O appraisal, where art thou?

O appraisal, where art thou?   When Ashley and I did our first flip in 2012, the property was located on Atlas Way in Calhoun. It was a three bedroom, two bath brick ranch that we bought at a foreclosure auction for $19,178. That number sticks out in my mind because it was the biggest purchase I had ever made at the time. It was also the biggest cashier’s check…

If you don’t face your fears, then you don’t get to play with the kittens

If you don’t face your fears, then you don’t get to play with the kittens   After a bumpy week, behaviorally speaking, with my eight-year-old, I could tell I needed to spend some one-on-one time with my boy. So, I took him to work with me. This time together is something I cherish because I get to show him how we make our living, and I have the opportunity to…

Something to consider in a sellers’ market

Something to consider in a sellers’ market   Inventory is at an all-time low right now. For instance, there are only 48 houses actively on the market in Bartow County priced at $400,000 or below. That number drops to 28 houses at under $300,000 and it is nearly impossible to find anything for sale under $200,000.   That’s not a lot of houses for an entire county.     Whitfield…

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….

One-sided

One-sided   This week I got a call from an agent to go look at a potential deal. It was a 5-bedroom/ 3-bath house with over 3,000 square feet located in a very desirable area priced at only $100,000. When you see deals like that, you stop what you are doing and get to the house as soon as humanly possible.   It wasn’t hard to spot which house I…

Fear and proactivity

Fear and proactivity   I think that you will agree with that me that there’s a lot of uncertainty going on right now. And people do some strange things when they get scared. If you don’t believe me, go check out the toilet paper aisle at the grocery store. Now, I’ve had to make a run, or perhaps more of a waddle, for toilet paper before. But I’ve never seen…

Investing, family and footprints

Investing, family and footprints   Real estate investing is our family business, and I’m not just talking about Ashley being my partner. Our kids have also been involved their entire lives.   You see, Ashley was closing a short sale and fielding calls while giving birth to our first born. I’m not joking. I have the video to prove it. She was on the phone talking to a seller while…

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,…

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…