Is this the new normal?

Is this the new normal?

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…

Why do we fall?

Why do we fall?

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.  …

Just because you can, doesn’t mean you should

Just because you can, doesn’t mean you should

Just because you can, doesn’t mean you should   I was talking to an investor friend, recently, who was facing a conundrum. You see, he had become very specialized in one area of real estate. And the strategy he’d been using to buy on auction platforms, do minimum rehabs and resell was no longer working. Referencing the book by Spencer Johnson M.D., my friend said, “My cheese moved.”    …

Comfort can kill you

Comfort can kill you

Comfort can kill you   On a recent morning, I was heading back from a new acquire we have out in the Ranger area of Gordon County. The house is currently being rehabbed to get it rent ready.   I was at the house after leaving the gym before 7 a.m. to drop off some materials for the guys.   We got them unloaded, and I headed home to take…

Succession plan

Succession plan

Succession plan   I think most parents want to leave an inheritance to give a better financial life to their children and grandchildren. But should that wealth transfer happen haphazardly? Or should there be some real forethought as far as how the inheritance should take place?   What I’m talking about here is how you should be training your children and grandchildren to inherit the wealth in your estate and…

Atypical Day

Atypical Day

Atypical Day   I’m often asked what my typical day looks like as a real estate investor. And I am often at a loss on how to answer that question because, well… let me tell you about a recent day.   I started out at 5:30 a.m. at Calhoun Spine and Wellness doing my workout. That morning was a partner exercise, and I got to work out with my good…