Running Ragged

Running Ragged

I was talking to one of my best friends, Houston Long, recently about something that had been going on at his office. Not only is Houston a top notch investor, but he’s also a fantastic agent at Maximum One Realty. At his office, they had a new hire that was going full throttle. By that I mean they were showing houses from early in the morning to late into the…

A subject-to deal is better than a short sale

A subject-to deal is better than a short sale

  Ashley and I recently came across a listing with “possible short sale” in the title. If you don’t know, a short sale occurs when a bank agrees to accept less than what the borrower owes on their mortgage when the property sells. This listing was intriguing to us since we haven’t seen any short sales advertised in a long time.   Personally, I think short sales have almost gone…

Contract terminations

Contract terminations

Contract terminations   Pete Fortunato has a wonderful way of defining contracts. He says a contract is a memorial of the meeting of the minds.   Isn’t that poetic?   For us real estate investors, our paper work tells the story of what happened when the buyer and the seller had a meeting of the minds and agreed to a deal.     Sometimes I think we lose the simplicity…

Six degrees and six vacancies… Oh shazbot!

Six degrees and six vacancies... Oh shazbot!

Six degrees and six vacancies… Oh shazbot!   It’s six degrees outside. Well not exactly. Technically it’s in the teens, but with the wind chill, it feels like six degrees. Needless to say, this is not normal weather in Georgia. There’s ice and snow everywhere. And as I lay in bed this morning, all I could think about was all the ways this weather could affect the six vacant houses…

How to get started in real estate investing?

How to get started in real estate investing?

How to get started in real estate investing?   So what’s the best way to break into real estate investing? You may think you should start by getting approved for a loan. Maybe you think you should meet with contractors, realtors or even lawyers first. Perhaps you should buy one of those seminar packages who come with a mentor that will tell you exactly what to do next.   Here…

How to make your top offer

How to make your top offer

How to make your top offer:   When you’re looking to buy an investment property, it’s important not to get emotional while evaluating the deal. Let me warn you, failure to keep your emotions in check will cost you big time. Ask me how I know.   One of the worst deals Ashley and I ever did was a result of us leaving our excitement unchecked. When we were new…

Seek out great Agents

Seek out great Agents

Seek out great Agents   The other day, a young agent contacted me about a deal down in Cartersville. It was a great deal, and since the agent brought it to my attention, I made my offer through him.   As I was going through the paperwork, I noticed something called an “Exclusive Buyer Brokerage Agreement.” Be careful of these. As this particular document stated, “the buyer hereby agrees to…

Should you use a handy man?

Should you use a handy man?

Should you use a handy man?   Lately I’ve had a hard time finding a good, consistent, and affordable painter that’s not booked three months out.   This issue led me to do something I don’t normally do – I called a handyman service for paint bids on two consecutive projects – I got burned on both of them.   The first house was in Dalton.   I hired a…

Appreciation

Appreciation

Appreciation   I’m a huge fan of the Home Depot in Calhoun. I’m in there multiple times a week -sometimes a day. The people there are always friendly, knowledgeable and quick to help.   I know most of the associates in there by name; they’re really a great group of people.   I could elaborate, but for time sake, I would like to talk about what you can expect when…

Speak Splain

Speak Splain

Speak splain:   I think Ricky Ricardo once told Lucy to “speak splain English.” As an investor, you should listen to Ricky’s words of wisdom. It’s often too easy for us to switch from speaking English to the other language we speak- legalese.   By definition, legalese is the formal and technical language of legal documents that is often hard to understand. It’s the language we speak when dealing with…