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…
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…
Something is missing My first nonretail job was as a residential painter in college. I then worked for a handyman and then a custom home builder. I finally landed on a rehab crew remodeling both rentals and flips for an investor in Atlanta, which is where I got exposed to real estate investing. And since my background is in construction, one of my jobs in our company is…
I felt like I was lied to Today I want to share something with you that is interwoven with real estate, but is really a message I hope that you’ll share with the younger people in your life. It all started when I stopped by a flip project this week and began talking with my lead man, Charles, about a recent article he had read about the shortage…
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 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…
The Gut Job In this episode Joey and Ashley walk you through a rehab that is an entire Gut Job. Was it worth it? You’ll have to wait and see.
Here’s what we’re seeing right now Who would have predicted that a virus could’ve had this much of an impact on us? I didn’t see it coming. So, what are we seeing right now? April was good as far as rentals go. We are at about 90% on our collection rate. What I wrote to you about talking to our tenants and being proactive really proved to…
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 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…