Financial Freedom One House At A Time
Steady wins the race During a recent walk with my kids, my first-born was showing out on his roller blades and my daughter was rolling around on a three-wheeled scooter. As we were walking and talking, the story of the tortoise and the hare got brought up. Now I don’t know about you, but when I think about that story I don’t see a book of Aesop’s Fables….
Choosing the right agent Choosing the right real estate agent is something that’s important when buying — and especially when selling — real estate. This is because agents aren’t one-size-fits-all for every deal. And finding out what an agent is good at, and where they are located will help you determine whether or not you should hire them. Let me explain. Not all agents work in…
Be very careful right now You may not know this, but we lost the very first real estate investment deal I was ever a part of to foreclosure. How’s that for a credential? It wasn’t a house we had bought to flip or rent out. It was a house my family was building to live in for a few years and then sell to bolster my parent’s retirement….
Controlled chaos Sometimes, things are just hectic. In the real estate world, however, I think you have to accept that things are constantly going to come up and alter your plans. You’ll have to succumb to the fact that you will be living a life of controlled chaos at work. Take this morning for instance. I got through with my workout and went to go see V…
One-sided This week I got a call from an agent to go look at a potential deal. It was a 5-bedroom/ 3-bath house with over 3,000 square feet located in a very desirable area priced at only $100,000. When you see deals like that, you stop what you are doing and get to the house as soon as humanly possible. It wasn’t hard to spot which house I…
$2 in the tank This morning’s workout was exceptionally difficult for me — yet it was not an exceptionally difficult workout. I just had no energy. You know, most of the time you get a second wind when you’re working out. But for me this morning, I never caught my first wind. It’s kind of weird, too. I ate well yesterday. I went to bed on time, and…
Is this the new normal? I was talking with a buddy of mine this week about how to evaluate the returns on rental property using the financial calculator. I’d like to share with you what we did. Before we get started, if you haven’t had your morning cup of coffee, put me down and go get. This column is going to be numbers-heavy and will require an acute…
The Gut Job In this episode Joey and Ashley walk you through a rehab that is an entire Gut Job. Was it worth it? You’ll have to wait and see.
Why do we fall? Two people fell this week at the gym where I work out. They were both middle-aged women, and both falls were centered around some sort of running. As I reflected on what happened in each instance, I saw some very good learning lessons I’d like to share. But first, let me tell you about what happened. The first incident took place on the treadmill. …
The Odd One On this episode of What’s The Deal, Joey and Ashley show you how to acquire a rental property via owner financing and then compare and contrast the rehab differences in a rental verses a flip project.