Financial Freedom One House At A Time
Safe, secure income “Go and get a safe and secure job with a good company with great benefits.” That was the advice my grandfather gave to my dad when he was a young man. This advice was a little strange coming from my grandfather. You see, he ran his own pharmacy and soda fountain on the west side of Atlanta. He had always provided for his family…
What does a day look like? I’m often asked what a typical day looks like for a full-time investor. This is a hard thing to answer because any given day can be different. But to give you some insight as to the possibilities, let me tell you about yesterday. I woke up at 4:30 a.m. (that’s not a typo.) The reason I get up so early is so…
It’s not what you make, but what you keep that matters. How many of you have heard stories about lottery winners who win it big, only to lose everything in a short period of time? I was reading a web article on this subject recently and it was mind blowing. The article went through many stories of how different people had won millions, only to lose it in 10…
Holidays, vacancies and late payees I got a call recently from someone needing advice about their landlord/ tenant relationship. This caller was the tenant, rather than the landlord. This tenant was upset that they had just received — and I quote — “a nasty letter” from their landlord. The letter said the tenant either needed to pay what was owed in full or move from the property. …
Be careful where you get advice Ashley and I went to a baby shower this week for some of our good friends Dorsie and Jimmy Kuni. Dorsie was absolutely glowing. This will be their first, and as any good friend who already has kids should do, I asked Jimmy if he was excited or just plain scared. He laughed, and we joked about Owen Wilson’s line from “Armageddon”…
It came back to bite us Having a well-thought-out tenant screening process is essential to your success as a landlord. If you haven’t developed this plan, you should really give it some thought. Let me walk you through the major parts of our tenant selection process and then show you how not sticking to it resulted in us getting a house back in poor condition for the first…
Prioritize and execute For the last two weeks, I’ve been on my eighth reading of a book called “Extreme Ownership, How U.S. Navy SEALS Lead and Win” by Jocko Willink and Leif Babin. (Well, technically I’m not reading it. The authors are reading it to me via Audible. But this is the eighth time I have listened to it.) This book is awesome. The authors, Jocko and Leif,…
What is a market inversion? Are you familiar with the term market inversion? If not, that’s OK. I wasn’t until recently. But as real estate investors, you need to understand what it is, and more importantly, what it means for the current and upcoming real estate market. First off, let me give a quick overview as to what market inversion is from my understanding, and then I’ll tell…
How do you measure success? I was standing in a store the other day buying materials for a project when I saw a friend I haven’t seen for years. He also happened to be buying things for a project he was working on. We talked for a while, catching on up on the past. Toward the end I said, “So, you’re still at it” in reference to his…
Multiple Offers How many of you would love to get multiple offers on one of your flip properties? Normally I would too because that means better offers when buyers are competing over you. But we have had multiple offers on a great house up in Whitfield County that — well, let me just tell you about the situation. First off, when I say this is a great house,…