66 Days

  Gary Keller, founder of Keller Williams Realty, wrote a fantastic book called “The One Thing.” In it, he challenges some modern ideas about multitasking, its effectiveness and its impact on the successfulness of your career.     His basic conclusion is that multitasking is a farce. He sights a study performed on college students to determine their effectiveness while multitasking. What the researchers found was that the people who…

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…

Who do you surround yourself with?

  One of my greatest real estate mentors, Bill Cook, recently asked me to critique the bio he was putting on his new website. You see Bill is a very private guy. So when he asked me to help with writing something personal like that, you’d better believe I stopped what I was doing and gave it my full attention.   As I was reading through Bill’s bio, it really…

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…

Can you make money without money in real estate?

  The other day I was reading a forum discussing myths in real estate investing. One of the contributors said the phrase “it doesn’t take money to make money” is the biggest myth in real estate investing today.   I disagreed with the contributor from the standpoint of personal experience; Ashley and I had no money when we started. We were broke kids, straight out of college, with a ton…

A trip down REI memory lane

  Ashley and I took the long way home over Dug Gap Mountain to Villanow and then home through Sugar Valley after a recent date night in Dalton. This route is very familiar to us since Ashley grew up in Villanow and that’s where we started our life together. Since the kids were with Memaw and Poppy, we really got to savor our trip down memory lane.   Ashley and…

Happy New Year

You may be thinking that “Happy New Year” is a strange title for this column since we’re in the middle of April. Well it’s not. That’s because I’m talking about the Hebrew New Year. It just started, and we’re currently in the first month, the month of Abib.   The month of Abib is rife with Biblical awesomeness. Yahweh plagued Egypt and brought the children of Israel out of slavery;…

Take emotion out of it

I was talking to an investor recently about a property tax lien sale. These take place when counties auction off the tax liens that have accumulated due to unpaid property taxes. It’s a good way for local government to recoup some of their lost funds.   For investors, it’s a great opportunity. If you know what you’re doing at the tax sale, you’ll get either a guaranteed 18 percent return…

A strong fence makes for good neighbors

A strong fence makes for good neighbors:   The prospect of renting to friends and family is something that comes up from time to time. Some people like to steer clear of that practice because of the potential damage it can do to relationships. I’m normally one of those people because our relationships are too important to put in jeopardy. That being said, we’ve done it in the past –…

Lonnie Deals are financial boomerangs

Lonnie Deals are financial boomerangs:   I want to tell you about one of my favorite deal structures: the Lonnie Deal. That’s when an investor buys a mobile home on a rented lot for cash and resells it, offering owner financing to the buyer.   The reason I love them so much is they fit into any investor’s portfolio at any experience level. They work especially well for beginning investors….