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Pay your friends and family If you are new to real estate investing, one of the biggest questions you may have is, “How am I going to pay for my first deal?” I know it was for me and Ashley when we started. Truthfully, we had no idea where we were going to get the funds to close on a house if we got an offer accepted. That’s because we were two broke kids, with a mound of student...
Walking a mortgage I will never forget that day. I was on my way down to Atlanta to attend Gary Johnston’s Financial Freedom Principle’s seminar. As I was driving, I was listening to another course that featured speakers like Jack Miller, Peter Fortunato, Jimmy Napier and Clyde Wilson. I pulled up to the Financial Freedom event, and I walked in and found Kim Cook, the wonderful...
A Jillian Dollars Let me ask you a question: What would you do with a jillian dollars? Before I give you my answer, I wanted to tell you a joke. Recently we heard a broadcast come in over the TV that said that six Brazilian workers were injured in a training exercise. My daughter looked up at me with a look of concern and said, “That’s terrible. How many is a Brazilian?” ...
Why we use private money lenders What I’m about to tell you may come as a shock, but I have only applied for a mortgage through a bank one time in my life… and I was denied. To make that fact more interesting, you should know that it happened in February of 2020. I have to tell you I was little surprised myself. It happened as Ashley and I were expecting baby No. 3 and were looking...
Risk versus reward I had a really good opportunity for a private money lender, recently. I emailed the information to everyone I thought would be interested. The deal was to loan money to us at 6% interest only. I noted in the email that 6% was three times what the, and I quote, “high yield” CDs and bonds being are offered for in 2020, according to bankrate.com. The loan was only...