They are making a lot of noise, but they aren’t going anywhere I recently had a pretty cool wealth analogy fall in my lap that I would like to share with you. It happened while I was out for a long run with my buddy Cody Johns. And when I say long, it was 10 miles. Now, you should know that I don’t consider myself a runner. I…
Find the right advisor I got a call from a brand-new baby investor last week. The reason I describe him this way is because he had made the mental leap of wanting to invest in real estate but had not done a deal yet. He is still in the fact-finding scramble stage of trying to figure out where to begin. I like this guy. He was younger, but…
A different side of financial freedom We have had a rough last couple of days. Tuesday morning my son Seph woke me up from the living room sobbing at 4 a.m. I was in the back bedroom and it was loud enough to wake me up from across the house. When I got there, I found the ear infection that had started on Monday afternoon had my boy doubled…
The family board meeting Investors talk a lot about the financial freedom that comes from having investment property. We glamorize going on trips, not having a J.O.B. and feeling like we are more in control of our future because of the passive income from rental properties. But are those the real reasons why we invest in real estate? Let me clarify what I mean by that. …
Three questions for the end of year review It’s that time of year again. It’s time to reflect on 2022 and then make new goals for 2023. What have you done to prepare for the coming year? If you’re not sure what to do, I’ll tell you the strategy we use that I learned from Jocko Willink, author of “Extreme Ownership: How U.S. Navy Seals Lead and Win.”…
Why buy rentals? Boy, we’ve had a week — maybe more than a week. You see, it really started when Ashley’s water broke last Thursday. When that happened, I spent the following Friday trying to finish everything I possibly could. I knew our fourth baby would be here soon, and I wanted to get as much done as possible in final preparation for that impending event. And I wanted…
Time is money more than money When I was first exposed to real estate investing, I was working for an investor down in Atlanta on his rehab crew. The guy’s name was Andy, and he had two of my friends and me doing everything on his rehabs that didn’t require a license, along with some stuff that probably should have. It was great for me. I was getting to…
Don’t get emotional when making an offer If you read the title of this column, you probably already gathered that you shouldn’t get emotional when making an offer. And that’s true — when you get emotional, you tend to make a bad deal. I’ve seen this concept play out in many ways. A newer investor will overbid on property. And since they’re excited about doing their first…
Is now the time to buy? We did something very interesting the other day. We bought a bus. Now, it’s not a school bus. It’s a public, transit-type bus. The reason we were looking for one was because we plan to travel a lot more around the U.S. making the most out of the 18 summers we have left with our kids. As I have told you before, we…
Find your pace Last week, we talked about my experience with the swim portion of the Lake Lanier Island Sprint Triathlon, which I recently participated in. We left off at the very end of the swim when I was finally able to make it past the crowd and start swimming normally. As I stood up and started to run out of the water, Ashley cheered me on. I…