How we did our first deal When Ashley and I realized we needed to make our living as real estate investors, it was 2009. We were freshly married, just out of college and didn’t have two nickels to rub together. To put it bluntly, we were completely broke. On top of not being able to find jobs that fit with our bachelor’s degrees, we had a mound of student debt looming over our...
mobile homes
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Trucks and trailers
We just did a land-home deal over in Adairsville. During the course of the purchase, the sellers found themselves in need of a truck. They were moving to Florida after the sale and were planning to live in a travel camper until they could decide where to buy and settle down. They already owned a vehicle capable of pulling the camper, but something went wrong with it a week before...
Working in your area
One of the biggest mistakes I see beginning investors make is buying a property a long distance away from where they live. And trust me, I understand. It was a great deal. And you hadn’t seen anything that cheap around you. Ashley and I did the same thing when we bought a place for $8,000 45 minutes (one-way mind you) from where we lived. And that was just to the...
Lonnie Deals in Action
Today is a bittersweet day. We had a Lonnie Deal payoff for the very first time in over six years. It’s bitter because we just lost the $275 income stream this deal was paying us and now we have to go out and replace that money. It’s sweet because I just got a text from my good friend named Mike Hicks. Mike’s a smart investor up in the Rossville area. Recently, his beautiful wife, Teah,...
Why you should rent-to-own
It’s my opinion that in today’s market, landlords should be offering all their rentals as rent-to-own. In this deal structure, a tenant buys the right to purchase the landlords property, for a predetermined price and time frame, all while renting the house. It’s also called a lease option. So what makes this deal structure attractive? First, you’ll get market- or above- rent rates....