Learn to create great deals

Learn to create great deals

  I got a call from a newer investor recently, and he was about to do his first subject-to deal. That’s where you buy a house and leave the seller’s mortgage in place after closing. You then make payments on that mortgage until you either pay it off, refinance the house or sell the property.   The investor was looking for some guidance on how to set up and properly…

Doing business with friends

Doing business with friends

  I was in the middle lane of Interstate 75 about a mile south of Exit 312 heading north. I needed to meet Ashley at Exit 315. People were slowing in front of me, so I decided to merge left. I glanced left, saw nothing and began to drift into the next lane. That’s when I heard an almost immediate crunch.     I whipped my truck back into the…

Pay it forward

Pay it forward

  For Ashley and me, 2012 was a big year. We became full time investors, but more importantly, it was the year we started our family.   It was late December 2011, and I was painting a huge master closet in a house in Cartersville, when I received a message from Ashley with an image of a positive pregnancy test captioned “Congratulations Daddy.” With a surge of emotions, I immediately…

A subject-to deal is better than a short sale

A subject-to deal is better than a short sale

  Ashley and I recently came across a listing with “possible short sale” in the title. If you don’t know, a short sale occurs when a bank agrees to accept less than what the borrower owes on their mortgage when the property sells. This listing was intriguing to us since we haven’t seen any short sales advertised in a long time.   Personally, I think short sales have almost gone…